Workday has made its AI move. It has announced its plan to acquire HiredScore, a company at the forefront of applying AI to the recruitment process. “The combination of our AI technologies that keep humans at the center, along with a deep understanding of the workforce landscape, will help organisations thrive and move forever forward”, said Carl Eschenbach, CEO of Workday.
‘Perfect compliment to portfolio’
Carl Eschenbach, CEO of Workday, highlighted the importance of innovation in talent management, emphasizing that HiredScore’s technology complements Workday’s existing offerings, with a focus on delivering business value through AI while maintaining a human-centric approach. “HiredScore is the perfect complement to our product portfolio as we look to provide AI solutions that deliver real business value for our customers. The combination of our AI technologies that keep humans at the center, along with a deep understanding of the workforce landscape, will help organisations thrive and move forever forward.”
“By combining our efforts and innovations with Workday, we’ll be able to deliver even more value to companies around the world as they look to build their future HR function.”
Athena Karp, founder and CEO of HiredScore, expressed optimism about the potential for AI to transform HR, stating that the partnership with Workday will expand the impact of their technologies on global HR functions. “We’ve only just begun to see the opportunities of what is possible with responsible AI in the workforce, and how organisations can use it more efficiently and effectively to deliver on HR transformation goals related to recruiting and employee experiences”, she said. “By combining our efforts and innovations with Workday, we’ll be able to deliver even more value to companies around the world as they look to build their future HR function.”
Responsible and efficient AI
The collaboration between Workday and HiredScore will offer solutions to implement AI responsibly for efficient recruitment, emphasising ethical and understandable AI practices. Meanwhile, it will aim to enhance the talent lifecycle management by using data analytics for matching candidates with job openings, accelerating the screening process, and promoting internal mobility and skills development. As well as improve the recruitment process for employers by offering automated, streamlined procedures designed to facilitate faster and more effective hiring decisions. The deal is anticipated to be finalised by April 30, 2024.
