Tech Crunch: Bridgewater Associates, the world's biggest hedge fund, set to use robots to vet candidates

Tech Crunch: Bridgewater Associates, the world's biggest hedge fund, set to use robots to vet candidates

In recruitment it’s essential to keep up with, if not overtake, the set pace.

With the emergence of new technologies and hiring techniques, some recruiters are relying increasingly on their digital counterparts.

Bridgewater Associates, the largest hedge fund in the world, has reportedly drawn up secret plans to use robots in their recruitment process to stave off bias and errors.

The Daily Mail reports that Ray Dalio, Founder of the firm, wants to create a new business model which includes a sophisticated and technological hiring element. Staff at the firm are already asked to rank each other using a digital system called Dots, which use baseball cards to highlight each employee’s strengths and weaknesses.

From here, Dalio wants to implement a robotic recruitment platform which will be responsible for three-quarters of all hiring decisions in the next five years.

“People have a bad day and it then colours their perception of the world and they make different decisions. In a hedge fund, that’s a big deal,” he explains.

“A lot of management is basically information work, the sort of thing that software can get very good at.”

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