On January 1, 2023, the New York City (NYC) Local Law 144, aka NYC bias audit law for automated employment decision tools, will go into effect. With only a few months left for organizations to be compliant, it is a good time to discuss the impact of this legislation and highlight the areas for improvement as the legislation starts to mature.
Effective technology governance requires tools that understand what the technology is doing. This is especially true in the case of Artificial Intelligence (AI), where tools which explain and interpret what the AI is doing become critical.
Over the past decade, many companies have adopted some form of automation for the hiring process by using what are now called Automated Employment Decision Tools (AEDT). The use of Artificial Intelligence (AI) algorithms in these AEDT has amplified our concerns about bias.