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.”

Read More

Returning mums share workplace horror stories

'No other employees were treated this way'

  • 1
HR Grapevine
HR Grapevine | Executive Grapevine International Ltd
Training day: Employability programme launched to encourage over 50s to return to work

Outdated stereotypes, unconscious bias and age discrimination...

HR Grapevine
HR Grapevine | Executive Grapevine International Ltd
Aviva staff asked: Could a robot do your job? - those who say yes are retrained

Automation fears are widespread amongst the workforce,...

HR Grapevine
HR Grapevine | Executive Grapevine International Ltd
14 most boring professions revealed

Most workers have felt bored by their job at some point...

HR Grapevine
HR Grapevine | Executive Grapevine International Ltd
Marketing competition launched to hire next gen of talent

Dentsu Aegis Network is targeting the next generation...

  • 1
HR Grapevine
HR Grapevine | Executive Grapevine International Ltd
Tech Crunch: The smartwatch that could change candidate feedback forever

Job interviews can be stressful regardless of how experienced...

  • 101
HR Grapevine
HR Grapevine | Executive Grapevine International Ltd

Guide to Learning Technology & Training

Guide to Learning Technology & Training 2016

Related Insights

Get ahead of the game by registering now

* By registering you agree that you have read and agree to our Terms and Conditions and that Executive Grapevine International Ltd and its partners may contact you regarding relevant content and products.
HR Grapevine Magazine Latest Issue

Magazine Features