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Monday, December 11 2023

Indian Employers and Jobseekers Embrace AI

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New Delhi: Indian employers are optimistic about the role of artificial intelligence (AI), with over 85 per cent expecting AI to create new jobs in 1-5 years, a new report said on Thursday.

Positive Outlook: Employers and Jobseekers Both Optimistic

According to the job platform Indeed, about 63 per cent of jobseekers are also excited about the potential impact, with 53 per cent agreeing AI is likely to create more jobs.

“This new survey brings encouraging news that jobseekers are not only aware of the promise of AI but are also excited about its potential. It demonstrates that job seekers are ready to embrace AI as a force for positive change in their careers,” said Sashi Kumar, Head of Sales, Indeed India.

Survey Insights: Views from Employers and Employees

The report surveyed 7,275 employers and employees across seven markets. About 1,142 employers and jobseekers were surveyed in India.

Employer Expectations: Positive Transformations and Opportunities

Moreover, employers also believe that AI could improve the nature of employees’ tasks (85 per cent) and improve job security and opportunities for career development for their employees (77 per cent).

Jobseeker Enthusiasm Coupled with Concerns

While Indian jobseekers are embracing the potential benefits of AI systems and tools, they also have concerns.

  1. Upskilling and Reskilling: Approximately 43 per cent of jobseekers are concerned about the need for upskilling or reskilling.
  2. Job Losses: About 29 per cent worry about possible job losses in their field or industry.
  3. Ethical Issues: 20 per cent raise ethical concerns regarding AI.
  4. Potential Bias: 15 per cent expressed concerns about potential bias in AI systems.
  5. Well-being at Work: 17 per cent are concerned about the potential detrimental effects on their well-being at work.
Improving Candidate Experience and Hiring

A large majority of jobseekers (78 per cent) mentioned the development of AI systems and tools will improve the hiring and candidate experience.

Human Judgment vs. AI: A Balancing Act

However, over half (50 per cent) of jobseekers said they are concerned about AI replacing human judgment and intuition in hiring decisions.

Global AI Adoption

Further, the report showed that respondents in India are by far the most bullish on AI, with 98 per cent of HR professionals and 91 per cent of job seekers saying “they are currently using AI tools for work.”

International AI Adoption:

Other strong adopters of AI are the US and Canada, used by 92 per cent of HR professionals and the UK (88 per cent).

The report highlights the positive sentiment surrounding AI in India, both among employers and jobseekers. It reveals a readiness to embrace AI as a tool for positive change and transformation in the job market. While concerns persist, the overall outlook is one of optimism and a willingness to adapt to the changing landscape of work influenced by AI technologies.

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