When AI becomes an ever-growing part of the hiring process
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 14 August 2024
⏱️ 7 minutes
🧾️ Download transcript
Summary
Employers, recruiters and job candidates are increasingly turning to generative AI to help with the often tedious hiring process. This has led to an influx of applications for many job postings. It’s a trend that’s added efficiency — and another layer of complexity — to the jobs marketplace. Also: a look at sales of PCs with integrated AI. And the Consumer Financial Protection Bureau is cracking down on contract for deed home sales.
Transcript
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| 0:00.0 | Ever wonder how artificial intelligence or 3D printing is used to solve medical problems, |
| 0:05.8 | or how research is discovering new ways to slow or even stop medical conditions we used to think |
| 0:10.9 | of as untreatable. |
| 0:12.4 | I'm Kathy Worser. |
| 0:13.6 | Listen to Tomorrow's Cure, a podcast where I interview experts from Mayo Clinic and |
| 0:18.0 | other renowned organizations. What they describe may sound futuristic, but listen, and you'll find out tomorrow's cure is already here. |
| 0:26.7 | Find it now wherever you get your podcasts. |
| 0:31.5 | When adding AI to job applications complicates matters. |
| 0:36.0 | I'm David Brancaccio in New York. |
| 0:38.0 | Many employers, recruiters and job candidates have turned to artificial intelligence |
| 0:43.4 | this has unintended consequences, hiring algorithms that can't see |
| 0:47.2 | promise in unconventional career paths, or employers getting inundated |
| 0:51.6 | by AI-aided applications. |
| 0:53.4 | Marketplace's Elizabeth Troval has more on that. |
| 0:56.5 | In 2024, the share of job seekers using generative AI increased to more than 50 percent according to zip recruiters Julie Pollack who says |
| 1:06.0 | they're using these tools to draft a resume to draft a cover letter to research |
| 1:11.8 | different career options to prepare for job |
| 1:14.8 | interviews. Through these tools, applicants are able to apply to more jobs. So for |
| 1:20.6 | employers... It's causing them to have to come through more resumes. |
| 1:24.6 | Thomas Vic with talent firm Robert Half fills jobs in technology and says because it's |
| 1:29.2 | much easier for candidates to tailor a resume with AI for employers. |
| 1:35.0 | It's requiring some more work on their end because they're getting more applications that maybe |
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