With the massive amount of resumes hiring professionals have to go through, it’s easy to see why they’d like some help from AI.
Consider the fact that over 60 million people move work each year and that for every job opening there are a list of applicants, typically around 84 on average with corporate jobs usually tend to receive 250 applicants.
That’s a lot of CVs that need reviewing to begin the shortlisting process. No wonder then that completing this task manually is far expensive and time consuming. This is where artificial intelligence can truly shine.
A good recruiter can review a resume in six seconds, whereas good AI can work millions of times faster – in some cases having the capability to match three million jobs to 600 CVs every second. Humans have one advantage over machines – common sense judgement. Where an AI programme will strictly follow its programming, a human recruiter can use their judgement to decide if a candidate has some overlooked value and add them to the shortlist, they can also decide the opposite – seeing a candidate that would be instantaneously shortlisted by AI but also considering other factors that might not make them a good fit for a particular company. This disparity of judgement between man and machine ends up being around a 10% difference in accuracy.
Even though humans may be able to produce niche candidates AI would often overlook, AI clearly has an advantage in its processing power. This is why recruitment agencies and tech developers have been incorporating AI into recruitment over the past 20 years.
Read the full article at elite business
Related articlesView all
6 things to boost your résumé if your internship was cancelled due to COVID-19
There are plenty of ways students can get real-world experience that can bolster their chances of...
Using challenging times to your advantage
Check out the tips for building a roadmap towards achieving your goals and ultimately, landing a...
Should I Bother Looking for a Job During the Coronavirus Crisis?
As job losses mount in the U.S. because of the coronavirus pandemic, job seekers — both passive and...
How To Identify And Retain Fantastic Talent with Arran Stewart of Job.com
It’s important that we focus on making the world a better place, through our services and products...
Artificial intelligence in the age of algorithmic transparency
AI will only be successful if it inspires confidence in consumers and citizens. Making decisions...