Cosm by Cielo presents an AI-native talent acquisition approach meant to help companies quickly fulfill their staffing requirements. Leveraging Cielo Lumis™, which represents the company’s approach to action, Cosm blends talent expertise, responsible governance, AI workflows, and real-time intelligence. Through such an approach, talent acquisition teams can act on insights in response to constantly changing business requirements.
As businesses continue to change priorities and shift the required skills, as well as experience changing access to talent, employers become aware that technology investments do not necessarily translate into increased flexibility. For example, 87% of organizations reported increases in technology spend for talent acquisition during the last 12 months, according to the Cielo Talent Benchmark report. At the same time, many companies continue to fail at turning their technology investments into increased agility.
In fact, McKinsey shows how companies can drive more value out of AI by transforming their workflows.
Connecting Hiring Decisions With Business Outcomes
COSM by Cielo begins with business outcomes instead of individual recruiting activities. The steps involved in completing these objectives through various processes, tools, decisions, and people required are determined by the solution. As a result, talent acquisition professionals are able to plan and react to changes in workforce needs more effectively.
Some early successes using COSM showed that candidate referrals rose five times higher than before. Productivity also went up by ten percent. Costs per hire fell by fifteen percent. These improvements together can help employers cut hiring delays, keep recruitment costs low and meet staffing requirements.
“Companies do not need more disconnected recruiting tools. They need a better way to turn work priorities into action,” said Marissa Geist, Chief Executive Officer of Cielo. “Cosm by Cielo was built for that shift: an AI-native operating model that connects intelligence, governance and human expertise so hiring can move at the speed of the business.”
Cielo Lumis Connects Intelligence With Action
Lumis provides intelligence to drive Cosm by Cielo through connecting workforce data, talent intelligence, and market signals with AI-enabled decision-making. Different from other platforms that only record data, Lumis assists organizations to understand the next step to take and how to advance on hiring processes. In case there is a change in workforce demand, Lumis links labor market intelligence, hiring needs, sourcing suggestions, and recruitment activities. In addition, it integrates with applicant tracking systems and human capital management platforms.
“AI should make recruiting more human, not less,” said Molly Thiel, Chief Operating Officer of Cielo. “Cielo Lumis removes the friction that slows hiring down, so recruiters can spend more time advising the business, building relationships and making accountable decisions.”
Responsible AI Supports Talent Acquisition
Cosm by Cielo embraces responsible AI processes when acquiring talent. Some of the capabilities include human in the loop, transparency, accountability, and boundaries for autonomous action. I think the AI governance structure at Cielo is strong because it follows ISO/IEC 42001 for Artificial Intelligence Management Systems certification. The AI governance structure also holds ISO/IEC 27001 certification, for Information Security Management Systems.
Explore HR Tech News for the latest advancements in Human Resources Technologies and insightful updates from industry experts!
News Source: GlobeNewswire.com
