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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
NewslettersFortune CHRO

Should HR use a ‘set it and forget it’ approach to AI? Top CHROs say you need to take back control

By
Kristin Stoller
Kristin Stoller
and
Emma Burleigh
Emma Burleigh
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By
Kristin Stoller
Kristin Stoller
and
Emma Burleigh
Emma Burleigh
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August 23, 2024, 8:25 AM ET
Two workers use AI on the job.
"Great recruiters, DEI and HR professionals can help take these systems from good to great.” Getty Images
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CHROs around the world are rolling out AI within their own teams and workforces—with varying success. But there’s an important pitfall to keep in mind: A set it and forget it approach to the new tech just won’t cut it.

That’s according to Karyn Twaronite, EY’s global vice chair of diversity, equity and inclusiveness, who shared the insight at Fortune CHRO virtual series this month. Her company was using AI to screen job applicants when the system automatically sent a rejection letter to a stellar candidate with all the skills necessary for the job. The problem? The candidate’s resume and cover letter didn’t hit all of the key words the AI was trained to search for.

“AI does really require human augmentation and people to be empowered to raise their hand to say, ‘Mistake, mistake,’’’ she said. “We can learn from mistakes along the way and tech systems get it right much of the time. But great recruiters, DEI and HR professionals can help take these systems from good to great.”

Twaronite’s team caught the oversight and quickly reached out to the candidate to move forward in the job process, but not all businesses will be as lucky.

Roughly 25% of organizations are currently using AI to support HR-related activities, according to an April report from SHRM. But the current knowledge gap is sizable: 43% of HR leaders recently reported that they possess either limited or no theoretical knowledge of AI, and just 54% have an intermediate-level understanding of the AI basics. 

Kelley Steven-Waiss, chief transformation officer at ServiceNow, stressed that leaders must ensure there is accountability for the ethical use of AI across a business, spanning people, process and technology. The tech doesn’t know the difference between right and wrong, but most humans do. 

“The role that the HR executive plays in AI strategy is serving as the conscience of the organization,” she says.

Kristin Stoller
kristin.stoller@fortune.com

Today’s edition was curated by Emma Burleigh.

Around the Table

A round-up of the most important HR headlines.

Air Canada pilots have voted in favor of striking starting mid-September if the airline does not reach an agreement with workers over a new pay deal. WSJ

An agricultural conglomerate and the United Farm Workers union are battling it out after some employees allege they were tricked into joining the union, but the labor group says otherwise. New York Times 

A tsunami of work apps and products are overwhelming staffers as trimmed HR budgets have stretched managers thin, forcing them to rely on technology to fill gaps in workforce needs. Business Insider

Watercooler

Everything you need to know from Fortune.

Spying comfortability. A new report finds that a fair amount of workers are fine with their employers monitoring their work-related messages and communication—more than what HR leaders expected. —Marco Quiroz-Gutierrez

Soccer strides. The National Women’s Soccer League has agreed on new terms with its players’ union, removing the draft and earnings caps while giving newcomers the choice to pick the league they play for. —Paolo Confino 

Attracting big egos. While companies commonly used words like “ambitious” and “results-oriented” in job postings to describe ideal candidates, a study finds that narcissists are drawn to this language. —Lindsey Leake

This is the web version of Fortune CHRO, a newsletter focusing on helping HR executives navigate the needs of the workplace. Sign up to get it delivered free to your inbox.
About the Authors
Kristin Stoller
By Kristin StollerEditorial Director, Fortune Live Media
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Kristin Stoller is an editorial director at Fortune focused on expanding Fortune's C-suite communities.

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Emma Burleigh
By Emma BurleighReporter, Success

Emma Burleigh is a reporter at Fortune, covering success, careers, entrepreneurship, and personal finance. Before joining the Success desk, she co-authored Fortune’s CHRO Daily newsletter, extensively covering the workplace and the future of jobs. Emma has also written for publications including the Observer and The China Project, publishing long-form stories on culture, entertainment, and geopolitics. She has a joint-master’s degree from New York University in Global Journalism and East Asian Studies.

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