02 Nov 2023
Saltor Talent was born with a clear objective: to disrupt the Executive Search sector, historically static and resistant to change.
In 2018, and after a long internal project in which we relied on an external consultancy specialising in digitalisation and gamification of processes, we launched our own evaluation methodology, which allowed us to achieve a clear differentiation in the market, in line with our initial objective.
Since then, our evaluation methodology has evolved and been refined, obtaining frankly positive results, especially in terms of satisfaction on the part of both clients and candidates.
As we know, the arrival of artificial intelligence has meant a paradigm shift and the consequences of which are still difficult to measure. Traditionally, the identification and selection of high-level executives have relied heavily on time- and resource-intensive manual processes. However, the adoption of AI is, in our opinion, a great tool to continue with our founding objective: to be a disruptive and non-conformist player, with a firm will to provide differential value to our clients and candidates.
For this reason, we have set up a workgroup, which combines team members who are experts in recruitment, as well as technical profiles who are experts in technology, whose mission is to explore how we can use AI to continue transforming the Executive Search sector.
After an initial phase of analysis, we have identified a number of areas where AI can intervene and provide specific and measurable benefits:
1) Search and identification of profiles: In the world of Executive Search, the search is generally proactive (in other words, we proactively identify profiles for a specific position). This process has historically been manual and depends largely on the knowledge and good work of the person responsible for the search. Thanks to AI, we can track a variety of data sources, such as profiles in professional networks, talent databases, and public registries, to identify professionals with the desired profile. In addition, using advanced algorithms, a thorough analysis of skills, work experience, and achievements can be performed to generate an accurate and comprehensive list of potential candidates.
2) Initial prioritization of profiles: By using advanced matching algorithms, AI can prioritize the most suitable candidates based on their technical skills and relevant experience, making the talent identification process easier and faster. Of course, this does not replace the role of a specialist consultant, but it does make their job easier.
3) Behavior and Preferences Analysis: AI can analyze professionals' online behavior, such as their social media interactions and participation in online communities, to understand their interests, values, and preferences. This can help consultants assess the cultural suitability of candidates and determine if they fit the company culture of organizations looking for talent.
4) Automating tasks to gain efficiency: scheduling interviews, communication management, etc. This frees up time for consultants to focus on higher value-added tasks for the smooth running of the project.
5) Predictive Job Performance Analytics: By leveraging large historical data sets, AI can predict candidates' job performance based on their previous experience and skills. This can help consultants identify candidates with the highest potential to succeed in specific roles.
Our roadmap in the coming months will consist of finishing analyzing the previous points (and surely, surfacing others) and implementing concrete actions within our process to test the potential of the solutions offered by AI
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We are clear that AI does not in any way replace the intervention of people in the process. In fact, we demand the humanization of technology, especially in a sector like ours where human treatment is indispensable and irreplaceable in many aspects. As Xavier Marcet often says, "innovation is in the look, technology comes later".
But we are also clear that AI is a tool that will transform the industry, and we want to be one of the Executive Search firms that leads the process.