Augmented intelligence (AI) in human resources continues to gain importance. Companies are looking for better ways to develop their employees and improve the employee experience. Bringing new talent into the organization has also gotten more challenging. I can’t tell you how many talent acquisition leaders have told me they need to improve their quality of hire, find efficiency somewhere, and/or improve the diversity of their process. The good news is AI can help when it’s combined with existing recruitment solutions.
Today two leaders in technology partnered to expand the use of AI to HR professionals. IBM, the leader in AI, partnered with Workday, the leader in bringing HR to the Cloud, in another transformative move for the industry.
The partnership will make it easier for Workday Recruiting customers to hire better job candidates faster and with more confidence. Workday Recruiting is an end-to-end cloud application that offers organizations complete insight into their talent pipeline—from sourcing to succession—in one system.
Specifically, IBM Watson Recruitment Express’ AI capabilities of Match Score and Requisition Prioritization can be used to accelerate and streamline the hiring process. With IBM Watson Recruitment Express’ cognitive abilities, Workday Recruiting customers will be better equipped to prioritize requisitions, match candidate's skills to requisition requirements, and identify applicants with the greatest predicted success. The result is that recruiting teams can optimize their time on the job openings most critical to the business. Candidates who best match the skills needed for the job are identified quickly, expediting the hiring process with a more data-driven approach.
“We are pleased to advance our partnership with IBM, extending the power of Workday Recruiting with Watson to ensure our customers can quickly find and acquire the best talent for their business needs,” said Cristina Goldt, Vice President of HCM Products at Workday.
IBM and Workday have recognized that companies are often encumbered by inefficient talent management processes, outdated evaluation tools and unpredictable hiring outcomes. Simply put, organizations of the future need to be talent-centric and AI powered.
“We are partnering to bring the power of IBM Watson’s AI to Workday customers,” said Bob Schultz, General Manager of IBM Talent Management Solutions. “The fact is recruiting teams are swamped. Hiring processes are inefficient and prone to bias. We can fix that. Companies will get better quality hires with lower acquisition costs, better diversity, and a better overall candidate experience.”
In the changing landscape of work, where dynamic skills are driving workforce transformation, companies need new and innovative ways to achieve better business results.
"IBM and Workday continue to have a unique partnership that helps our respective customers reinvent their employee experience,” said Richard McColl, Vice President, Talent Technology Practice Leader, IBM Global Business Services. “As an early adopter and Design Partner for the Workday Cloud Platform, IBM has been able to integrate Watson to augment and amplify Workday's functionality. We are thrilled to see yet another extension of this partnership that will accelerate us all toward the cognitive era of HR. This is the year Watson meets Workday. This is the year we all reimagine what HR can be. Together, in partnership with Workday, IBM is driving AI for good, helping organizations be more inclusive and businesses more diverse."
Watson Recruitment is just one of many AI solutions IBM has developed for the HR industry. Just last month, another IBM AI solution, IBM Watson Candidate Assistant, won Top Product of the Year from HR Executive Magazine. IBM continues to develop its own AI solutions while also partnering with leading companies like Workday to integrate its AI into other HR solutions.
This new integration will be available to Workday customers in the first half of 2019.
Workday is a leading provider of enterprise cloud applications for finance and human resources. Founded in 2005, Workday delivers financial management, human capital management, and analytics applications designed for the world's largest companies, educational institutions, and government agencies. Organizations ranging from medium-sized businesses to Fortune 50 enterprises have selected Workday.
About IBM and Artificial Intelligence
A world leader in AI software, services, and technology for business, IBM has deployed Watson AI solutions in thousands of engagements with clients across 20 industries and 80 countries. IBM's Watson AI solutions are widely used in industries, including by seven of the 10 largest automotive companies and 8 of the 10 largest oil and gas companies.