What does the future hold for hiring practices in the age of artificial intelligence and evolving skill demands? In this episode, Joe Fuller, Professor of Management Practice at Harvard Business School, discusses the all-in economics of skill-based hiring, the current progress, challenges, and the importance of this hiring approach in the future, and real-world examples of this approach from companies like IBM. We also discuss the role of AI in HR, highlighting how combining tech with human intuition can lead to smarter decisions. We explore the potential of AI to transform hiring and internal talent mobility, while also addressing concerns about data accuracy and bias. We also tackle some big workforce trends like the declining workforce participation rate among prime working-age males, the rise of helicopter parenting, and parent accompaniment with Gen Z job applicants.
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