“Getting the right people in the right jobs is a lot more important than developing a strategy.” – Jack Welch
As a recruiter, you majorly take care of looking for the right candidates and at the same time make sure the time to hire. It means you always have to find ways to make recruiting faster and more accurate.
There are many things you can do to shorten the recruitment process, including creating job adverts, automating interview scheduling, or requiring video interview profiling. And it would be a huge missing without mentioning resume screening automation, an essential but labor-intensive step in the hiring cycle.
Fortunately, you have AI resume screening software at hand. These tools have been on the rise recently, promising to bring great improvement in the selection procedure.
In today’s article, we’ll center on defining AI resume screening and its advantages. Then, we’ll go over some of the key concerns to keep in mind when using resume screening software. An example of an AI-powered resume screening tool will be brought to the table too.
Normally, recruiters receive resumes and CVs from applicants in PDFs, DOc, or Docx formats. While it seems easy for HR staff to scan through these resumes, this manual method takes time and proves difficult for them to manage information.
That’s where AI resume screening comes in handy. This method uses artificial intelligence to automatically screen resumes/CVs to sort and move the best candidates to the next hire phase. This can be done in a number of ways, but the most common approach is to use a resume parser.
Resume parser software assists you in extracting information from multi-format CVs to a structured layout using artificial intelligence. It uses machine learning algorithms to analyze data in resume files based on:
Companies are facing a lot of challenges when it comes to screening resumes. Recruiters have to access a huge amount of candidate information, from education and skills to experience and personality. This process probably takes a lot of time, especially when you’re opening numerous positions.
High-volume recruiting, often known as mass hiring, is the process of bringing on a large number of candidates in a short period of time.
It’s estimated that each job offer often attracts about 250 applicants on average, but only 4 to 6 candidates are interviewed to verify one for the position. Imagine you need to hire people for 5 to 10 positions at once, the number of CVs to screen might soar to thousands.
Fortunately, AI resume screening software can handle the task within a few minutes. All you need to do is input the resumes and let it extract the necessary information.
It’s essential to have a new employee on board timely; still, you have to ensure the hiring quality as well. To achieve this, you have to pre-qualify applicants at a very early stage.
AI resume screen tools give you a helping hand in matching the job with the right candidates without any hassle. By taking the information from the database, they’ll do wonders for identifying which one has suitable skills and experience.
Plus, when resumes are screened manually, there is a risk that unconscious bias may come into play. For example, a recruiter may be more likely to shortlist a candidate who has a similar background to them. However, using a resume parser can help to remove this bias, as the tool will screen resumes based on skills and experience rather than factors such as name or education.
What’s more, AI resume screening can be applied to anonymized resumes which helps you remove personal information from candidates’ CVs automatically. You just need to focus on important data such as skills and experience.
2016 Recruiter & Employer Sentiment Survey MRI Network reported that about 5 out of 10 recruiters admitted not to making good hires due to lengthy hiring procedures.
Undoubtedly, AI resume screening is considerably quicker and more accurate than manual screening. Instead of spending weeks scanning through CVs, it’s a smart idea to use AI screening software to shorten the process to a few days. As a result, HR can concentrate on necessarily human tasks, such as building good relationships with candidates or investing in employee engagement.
“Nothing is perfect.”
There are still imperfections in AI resume screening, despite how powerful these tools are. You may experience fault results, misreading, and mislabeling of information because of the fonts or formatting without notice. Consequently, the system performs incorrectly, leading to the wrong candidate selections.
It’s your responsibility to pick the right AI resume-screening software to prevent this issue. You should also check data frequently to prevent problems from persisting.
On top of that, not all types of recruiting need an AI resume screening tool. Big companies and hiring agencies are always in high demand for candidates, so making use of software automation is highly recommended to speed up the process. If your company has a particular hiring plan with a small candidate pool, it’d be a waste to invest in AI resume screening software.
If you’re thinking of using AI resume screening in your hiring process, there are a few things you should keep in mind.
One of the most important is to ensure that your resume parser is configured correctly. This means setting up the tool to look for the right skills and experience for the role you’re trying to fill. If you don’t do this, you may end up with a lot of irrelevant results.
It’s also important to remember that a resume parser is not a replacement for a human recruiter. The tool can help to screen resumes and identify the most qualified candidates, but it’s still important to carry out further assessments, such as interviews, to ensure that they’re the right fit for the role.
Put data privacy into account. When you use a resume parser, you will be sharing candidates’ personal information with the tool provider. It’s important to ensure that your tool provider has a good data privacy policy in place to protect candidates’ information.
There are tons of AI resume screening software available on the market, both free and premium. Some of them don’t just focus on resume information extraction but offer multi-featured recruiting solutions. So picking the right tool for your organization is not an easy task.
If you’re looking for a simple yet powerful solution, Dr.Parser would be a smart pick. The software uses NER (Named Entity Recognition) method to quickly extract information from resumes. Dr.Parser takes less time to parse resumes with a higher accuracy rate (more than 90%) compared to some other screening tools.
What’s more, the software support multiple file types, including PDFs, Images, and Word (Doc and Docx) files.
It’s evident that resume screening is one of the most essential steps in recruiting to help you classify and hire the right employee for your business. It also proves a time-consuming task, happening before the interview stage.
AI resume screening software like Dr.Parser makes it easy for you to sort hundreds or even thousands of resumes automatically. It uses artificial intelligence and machine learning algorithms for data extraction to give you great access to candidate skill assessments. The Neround team also ensures responsible AI when developing the tool so you can be assured of ethical and legal factors.
What are you waiting for? Start screening your first resume with Dr.Parser now!
Data quality and quantity contribute significantly to the performance of AI and machine learning systems, as the algorithms rely heavily on large and accurate data to learn patterns and generate insightful predictions. Indeed, low-quality data generates inaccuracy in business decisions, leading to decreased business outcomes. A study by Vanson Bourne and Fivetran, an independent market […]
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