Podcast Listener Update

Jim Stroud here with a listener update and a few requests, the least of which is to ask that you take 30 seconds to fill out my podcast listener survey at http://jimstroud.com/survey Thank you in advance.

♫Music By♫

●DJ Quads – Dreams – https://youtu.be/SrJD8nC_kLM
●Soundcloud – https://soundcloud.com/aka-dj-quads
●Instagram – https://www.instagram.com/djquads/
●Twitter – https://twitter.com/DjQuads
●YouTube – https://www.youtube.com/user/QuadsAKA

HR TECH SHOULD WORRY ABOUT “THE AI VIDEO INTERVIEW ACT”

I was a guest on Chad and Cheese’s “The Shred” Podcast today. Listen to it now, read the transcript below or, do both. Yes, both would be good. 😉

Housebill 2557 is now an ACT. Housebill 2557 was passed May 29th by the Illinois House of Representatives and it sailed through the Illinois Senate without anyone voting – no. That kind of unanimous political bipartisanship almost never happens, especially in these days and times. So, why is it happening now? What is the act that once was Housebill 2557? Well, I’m glad you asked.

Housebill 2557 is now known as the “Artificial Intelligence Video Interview Act.”

The Act prohibits Illinois employers from using “artificial intelligence” to evaluate a job applicant’s video interview unless the employer does three things first:

  • 1 – employer notifies the applicant that they will be using AI in the video interview process,
  • 2 – employer explains to the applicant “how the artificial intelligence works”
  • 3 – employer obtains consent from the applicant to use artificial intelligence in the video interview; before the interview begins

The Act also also requires employers to delete the video interviews within 30 days of request by the applicant.

Oboy…

Now, I imagine companies like Hirevue are quite concerned about this little development as it seems that this bit of legislation is targeting them specifically, and maybe other video interviewing platforms in the space like Montage, Gecko, Panna and Autoview

Does this legislation spell doom to them all, at least in Illinois? Umm… I doubt it. I imagine lawyers having a field day with this one based on what I read in JDSupra. For those who don’t know, JDSupra is a website that does legal analysis and it had a field day tearing this ACT apart. Here are three quotes that caught most of my attention:

  1. “[Artificial Intelligence]” is not defined in the Act. Here, Illinois assumes that the term is self-evident, which is not necessarily true. For instance, would assigning scores to an applicant based on tone of voice, facial expressions and word choice via algorithmic means count? (seems like “yes”) What about using an algorithm to automatically create a transcript of the interview? (seems like “maybe”) What about use of an algorithm to smooth and/or edit the video to key moments? (seems like “possibly”)
  2. The Act vaguely requires the employer to describe “how the artificial intelligence works” as well as “what general types of characteristics” the AI uses to evaluate applicants. We would expect describing the “how” would be challenging to do with any degree of specificity, particularly since the details of the algorithm are likely not fully-known to the employer…
  3. The law requires all copies of videos (expressly “including all … backups”) to be deleted within 30 days of the request. While sounding simple in concept, the vendors and customers in this space may have difficulty actually implementing this, particularly if third party cloud providers or similar are used, which may not allow complete deletion of all backups…

That’s the end of all my JDSupra quotes. Hmm… What to do, what to do?

Maybe the hrtech industry should pool their resources and hire lobbyists to explain the benefits of AI and other emerging technologies in the recruitment process; because judging by this Act, which may or may not be ready for prime time, politicians are swift to react to the fear inherent in the rapid pace of technological change. Or rather, the fears of their voting constituents.

###

Subscribe to the Chad and Cheese podcast! (Its good for the environment.)

Do we have a right to freedom of thought?

In the future, will we have the freedom to think as we like without fear of economic or judicial reprisals? I hope so. Yet, recent technological advances give me room to pause. In this episode, I discuss scientific advances that can literally read your mind and create pictures based on your thoughts. Intrigued? If so, prepare to be amazed by the other discoveries I stumbled upon this past week. Science fiction is quickly becoming science fact. Can our laws keep up? What about our personal freedoms? Tune in for a very fascinating episode. Click here to download the transcript.

About the host:

Over the past decade, Jim Stroud has built an expertise in sourcing and recruiting strategy, public speaking, lead generation, video production, podcasting, online research, competitive intelligence, online community management and training. He has consulted for such companies as Microsoft, Google, MCI, Siemens, Bernard Hodes Group and a host of startup companies. During his tenure with Randstad Sourceright, he alleviated the recruitment headaches of their clients worldwide as their Global Head of Sourcing and Recruiting Strategy.  He recently  served ClickIQ as its VP, Product Evangelist.

{Sponsor Message: 12 DuckDuckGo Search Tips You Should Know to Boost Productivity}

MUSIC IN THIS PODCAST: 

♫Music By♫ ●DJ Quads – Dreams – https://youtu.be/SrJD8nC_kLM ●Soundcloud – https://soundcloud.com/aka-dj-quads ●Instagram – https://www.instagram.com/djquads/ ●Twitter – https://twitter.com/DjQuads ●YouTube – https://www.youtube.com/user/QuadsAKA

♫Music By♫ ●DJ Quads – A Bouquet Of Roses ●Song/Free Download – https://youtu.be/ooTW6iDhXqY ●Follow DJ Quads – http://smarturl.it/dj-quads

♫Music By♫ ●DJ Quads – A Bouquet Of Roses ●Song/Free Download – https://youtu.be/ooTW6iDhXqY ●Follow DJ Quads – http://smarturl.it/dj-quads

Song: Dj Quads – The Battle (Vlog No Copyright Music) Music promoted by Vlog No Copyright Music. Video Link: https://youtu.be/aG2Pf5z6QFA

Keep On Truckin’: Truck Drivers Shortage Solutions

In this episode: Jim Stroud discusses the shortage of truck drivers, the effect that has on businesses and consumers and how companies are leveraging robot trucks to compensate. Tune in now for all the fun! Special thanks to sponsors ClickIQ and RecruitingDaily.

Click here to download the show notes with links to all the articles cited in this episode and additional resources.

THE SHRED – What’s Scarier than a Chucky Doll? Early retirement!

I found a keg of beer and used it to bribe Chad and Cheese to let me back on their show. Enjoy…

THE SHRED – What’s Scarier than a Chucky Doll?

Hollywood is rebooting the “Child’s Play” horror movie franchise. That’s right coming soon to a theatre near you, the doll Chucky will be wisecracking and stabbing his way into your heart; figuratively, not literally speaking. That would hurt. As scary as the new Chucky doll will surely be, I read something today that was even more frightening.

Americans increasingly say that they are unprepared for retirement, with about 25% of retirees forced to stop working because they can’t find jobs or they are in poor health, according to a Bloomberg report that cites Federal Reserve data. That same Bloomberg report pointed out nearly half of those who retired in 2018 did so before the age of 62; which is really scary when you consider that the official retirement age to collect social security is 67.

Now if the retirement train is chugging down your track and your retirement funds are looking mighty, mighty low, you are not alone.

According to Bankrate’s May Financial Security Index survey, 76% of Americans say that when it comes to their finances, the #1 Regret is – Not saving for retirement early enough.

So, what’s the problem America. How did we get into this mess? Was it…?

  • School loan debt
  • Credit card debt
  • Irresponsible spending (I’m guilty of some of that.)
  • Ridiculous healthcare costs
  • Overly optimistic that your Uncle Sam will bail you out
  • Rapidly increasing cost of housing

Probably all of the above and more, whatever, its water under the bridge now. Where do we go from here? Because, we have to do something America. And right off the bat, I can think of 2 options. Option one, start a new career.

Don’t let the idea of starting a new career overwhelm you. After all, you don’t have to teach an old dog new tricks. The old dogs can do the same tricks, just in a different arena. Here are some ideas to get you thinking.

    • Start a Mentorship Firm – Someone could start a company matchmaking young entrepreneurs with retired captains of industry; people with connections and experience to guide entrepreneurs on their journey. What inexperienced entrepreneur would not take advantage of that?
    • Start a charm School – If I search on Indeed for jobs that include the word “interpersonal,” there are over 600,000 jobs available. A search on “empathy” returns 37,000+ results. The word “collaborate?” Over 320,000 jobs had that desired ability. Somebody needs to teach today’s generation how to connect and work with people. Who better than the a generation of retirees for whom these skills tend to come naturally? I imagine there’s a lot of money in that.
    • Start life coaching – If you are good at giving advice, helping people identify goals and developing an action plan to achieve them then, you could be a life coach. In case you’re curious, there’s never been a better time to be a lifecoach.

Consider these stats

    • The International Coach Federation boasts a whopping 53,300 members and is on a steady growth trend.
    • Average income for life coaches ranges from $27,100 to $73,100, with specialty coaches commanding greater than $100,000 annually.
    • Growth projections for the life coaching industry are an estimated 6.7%, taking revenue to $1.34 billion by 2022.
    • More and more corporations are hiring life coaches instead of mental health counselors to work in-house with employees (no stigma). Zappos and Shopify comes to mind.

Okay, all of those ideas were under option one, of things to consider, if you are approaching retirement age with little to no retirement funds. Option two is this… buy a lottery ticket.