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PRIVACY
Enterprise

LinkedIn report reveals potential £532bn boost for º£½ÇÊÓÆµ businesses through AI in recruitment

LinkedIn has released a new report that suggests AI tools could unlock £532bn in productivity for º£½ÇÊÓÆµ businesses, but the technology is still struggling to overcome bias and fairness concerns

LinkedIn logo on their website(Image: Chris Radburn/PA Wire)

º£½ÇÊÓÆµ enterprises could potentially release £532bn in productivity gains through AI-powered recruitment, new LinkedIn research has found.

The study indicates that artificial intelligence solutions, including LinkedIn's proprietary 'hiring assistant' platform, can liberate recruiters from routine administrative duties such as CV filtering, job advert creation and candidate sourcing, enabling them to concentrate on strategic recruitment choices, as reported by .

Janine Chamberlin, º£½ÇÊÓÆµ country manager at LinkedIn, told City AM: "Driving AI adoption is more than just a tech challenge, it's a talent challenge.

"Professionals across all functions need both the right tools and the right training to really unlock AI's potential."

LinkedIn references anecdotal evidence from companies like Insite, which documented a 20 per cent turnover boost following the implementation of AI-enhanced recruiting.

Throughout industries spanning healthcare, engineering and manufacturing, talent acquisition specialists face mounting pressure to deliver swifter, more streamlined hiring whilst securing candidates with progressively niche expertise.

AI at every stage

However, LinkedIn's optimistic forecasts are being balanced by wider sector studies emphasising equity and prejudice issues.

Research involving 1,000 º£½ÇÊÓÆµ HR and recruitment experts by background verification firm Zinc discovered that 73 per cent of talent specialists now employ AI during some phase of the hiring journey, yet 71 per cent indicated that automation diminishes individualisation within the procedure. In the meantime, more than a third of companies fully automate candidate rejections.