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☆ Job seekers are getting increasingly bold by 'cheating' in interviews — and AI is making it worse
▼ + stars: | 2024-10-14 | by ( Tim Paradis | ) www.businessinsider.com time to read: +8 min

Job seekers sometimes use AI to cheat in interviews, which highlights flaws in the hiring process. It can feel like there are endless ways to dupe a hiring manager in a job interview — especially one that doesn't involve meeting IRL. It all points to a hiring process that can be terrible for job seekers — and for employers. Is using AI during a job interview cheating? Kanny uses reviews from a job candidate's colleagues — past and present — to rate the person's integrity, accountability, respect, humility, confidence, and grit.

Persons: —, Lindsey Zuloaga, Greg Yang, he'd, claude, Yang, HireVue's, Zuloaga, Kirthiga Reddy, Reddy, Sean Vassilaros, It's, Octavius A, Newman, didn't, Jennifer Schielke, Schielke, Ravin, Mercer, I'm Organizations: Service, Executives, xAI, Employers, Facebook, BI, Group Solutions Locations: India, South Asia

☆ AI is accelerating the recruitment process — but tech leaders warn of bias and other risks
▼ + stars: | 2023-12-20 | by ( Nicholas Fearn | ) www.businessinsider.com time to read: +11 min

HR and recruitment teams are beginning to use AI tools in multiple stages of the hiring process. But beware: AI recruitment can still be riskyWhile AI technology is helping recruiters in many ways, there are some risks to consider and mitigate. In 2022, researchers at Cambridge University found that AI recruitment tools weren't capable of eradicating bias or boosting diversity during the hiring process. These problems often arise because of biased historical data used for training AI recruitment technologies, Maynard said. Jackson recommended that companies develop strict policies governing the use of AI hiring tools and provide their recruitment teams with bias training.

Persons: —, Lindsey Zuloaga, HireVue, Pamela Maynard, Avanade, Maynard, Paolo Pescatore, Alexandra Levit, Levit, Roger Philby, she'd, it's, Annie Jackson, Cleo, Jackson, Parul Mishra, It's, Mishra Organizations: Service, Tech, Business, Chemistry Group, Sheffield Business School, Cambridge University, Amazon, Unilever, Microsoft, Companies, IBM

☆ Mexico's 'super peso' keeps gaining, but exports will likely suffer
▼ + stars: | 2023-06-22 | by ( Noe Torres | ) www.reuters.com time to read: +3 min

The Mexican peso is among the top-performing currencies this year with a 12% surge against the U.S. dollar, after closing last year up about 5%. But the Mexican currency's recent strengthening to about 17 pesos per U.S. dollar, from 19.50 pesos per greenback last December, makes Mexican exports more expensive. In fact, Banco Base sees remittances loosing more than 10% of their spending power if the peso-to-dollar exchange rate holds steady. Mexico's peso is among the world's most liquid currencies since the country adopted a free-floating exchange rate in 1994. Bets for an even stronger peso on the Chicago Mercantile Exchange have grown since March.

Persons: Guillermo Mateos, Andres Manuel Lopez Obrador, Jonathan Zuloaga, Noe Torres, Valentine Hilaire, David Alire Garcia, Diane Craft Organizations: MEXICO CITY, U.S, U.S ., Banco Base, Chicago Mercantile Exchange, Thomson Locations: MEXICO, Columbus de Mexico

SummarySummary Companies Spain's new restructuring law faces looming testCelsa caught between creditors and shareholdersSuccessful outcome seen lifting Spain outlookLONDON/MADRID, Feb 15 (Reuters) - Spain's new restructuring law is just over four months old and already being tested as the economy slows, with companies and officials hopeful it will help cut high bankruptcy rates. Now, a restructuring plan for Celsa, Spain's largest private industrial group with debt worth roughly 2.8 billion euros ($3.04 billion), is going through the courts. LITMUS TESTA court-sanctioned restructuring plan in December for Spanish frozen food retailer Xeldist Congelados allowed it to receive fresh capital and save jobs in a first success for the new law. "The Celsa case shows that creditors can push for a restructuring plan and request the appointment of an expert to assist in the negotiations," said Juan Verdugo, partner at law firm Garrigues. Spain is playing catch up after the EU in 2019 told member states to improve restructuring toolkits.

☆ New York’s Landmark AI Bias Law Prompts Uncertainty
▼ + stars: | 2022-09-21 | by ( Richard Vanderford | ) www.wsj.com time to read: +7 min

“If you are an organization that’s using some type of these tools…it can be pretty confusing.”The city law will potentially impact a large number of employers. New York City in 2021 had just under 200,000 businesses, according to the New York State Department of Labor. AI technology can help businesses hire and onboard candidates more quickly amid a “war for talent,” said Emily Dickens, SHRM’s head of government affairs. Which is scary,” Ms. Zuloaga said, adding that she supports the scrutiny AI systems have started to receive. Some critics have argued the New York law doesn’t go far enough.

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