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Unilever saves money, human hours using artificial intelligence

AN ARTIFICIAL intelligence (AI) system has helped British consumer goods giant Unilever save hundreds of thousands pounds a year.

The AI system being used by the London-based business has replaced human recruiters with the AI system.


The company has also saved 100,000 hours of human recruitment time in 2018 by using AI to analyse video interviews, the Guardian reported.

The technology scans graduate candidates’ body language, word choice, facial expressions, and checks them against traits that are considered to be predictive of professional success.

Unilever is using software from an American company, HireVue, in the UK and other parts of the world, having first trialled it in 2017.

The software scans the language that the candidates use. It analyses active or passive phrases, tone of voice, speed of delivery, facial expressions and body language.

A Unilever spokeswoman quoted by the Guardian said: “It is helping to save 100,000 hours of interviewing time and roughly $1m in recruitment costs each year for us globally”.

“It is, however, just one of many tools we use for our graduate recruitment.”

The spokeswoman noted that video interviews were optional, and the interviewees were asked to allow or disallow the AI-based software being used to evaluate their video interview.

The AI system is now used across Unilever’s entire graduate recruitment programme.

HireVue claims it has helped to recruit more ethnically and gender-diverse workforce.

Unilever said that at the early phase in the recruitment process when HireVue was used, it was not mandatory for candidates to provide their gender or ethnicity so it was not able to give representative information.

Meanwhile, on Friday (25), a data from an opinion poll commissioned by the Royal Society of Arts (RSA) states 60 per cent of the public are against the use of AI decision-making software in recruitment, as well as in criminal justice.

Asheem Singh, acting head of technology and society at the RSA, said: “New technologies are being adopted at a rapid pace, and regulators and the public are struggling to keep up.”

“An increasing amount of decision-making in our public services, the job market and healthcare is taking place via ever-more opaque processes. This is a source of anxiety for the general public.

“The measures we are proposing – such as a new watchdog to scrutinise decisions made by AI on behalf of the public – are crucial first steps in increasing clarity and accountability.”

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The Treasury is considering a new tax on the sale of homes worth more than £500,000 as part of a radical overhaul of stamp duty and council tax.

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Property experts urge Rachel Reeves to scrap stamp duty ahead of budget

Highlights

  • Kirstie Allsopp tells MPs that stamp duty punishes buyers and should be abolished.
  • 40 per cent of first-time buyers now face stamp duty, rising to 80 per cent in London.
  • Treasury considering annual property tax on homes worth over £500,000 as alternative.

Chancellor Rachel Reeves is facing mounting pressure to abolish stamp duty ahead of the November (26) budget, with property experts warning that the tax is stalling the housing market and damaging economic growth.

Television presenter Kirstie Allsopp, known for Channel 4's Location, Location, Location, told the Treasury committee that buyers are 'in a panic' about potential changes and many are 'sitting tight' rather than moving house.

Tim Leunig, director of economics at Public First Consulting and former adviser to several ministers including Rishi Sunak, went further. He pointed that every single person in the country is a loser from stamp duty land tax because it restricts people from moving. The people who are the biggest losers are genuinely young people because they move more often.

However, Leunig cautioned that simply abolishing stamp duty would likely drive up house prices, particularly in London. Instead, he has proposed an annual property tax on homes worth above £500,000, with a 0.54 per cent yearly levy on home value and a higher rate for properties exceeding £1 m.

The Guardian revealed in August that the Treasury is considering a new tax on the sale of homes worth more than £500,000 as part of a radical overhaul of stamp duty and council tax.

The debate comes at a critical time for the housing market, with stamp duty currently levied on property purchases above £125,000.

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