The art of finding the ideal candidate for a specific position in today’s fast-paced job market is a beautiful symphony of data science and intuition. Luckily, leveraging automation for resume evaluation has put an end to searching through piles of paper resumes or endless digital profiles.
Modern software and clever algorithms have revolutionized the screening process, giving HR professionals and recruiters access to a wide range of tools. Moreover, leveraging automation for resume evaluation has the potential to improve the speed, accuracy, and objectivity of the hiring process by scanning thousands of resumes in a matter of seconds.
In this article, we’ll shed light on the most important benefits of using automation for resume profiles.
Image by Freepik
Shift From Traditional to Tech-Backed Resume Evaluation
The conventional process of evaluating resumes is time-consuming. It requires hiring managers to sort through a large number of documents, paying attention to the tiniest details and comparing the education, work experience, and skills of hopeful job applicants.
Subjectivity, inefficiency, and time constraints are the main drawbacks of the conventional resume review. Plus, all these factors become glaringly apparent when there is an extremely large number of applications to consider.
However, with the progress of modern technology, there has been a dramatic shift in how resumes are evaluated. Leveraging automation for resume evaluation relies on innovative software solutions that use keywords, patterns, and algorithms. Such software can scan a huge number of applications and identify top candidates quickly.
On top of that, thanks to advanced platforms, it is possible to match candidate profiles to job descriptions and minimize human bias in the process.
Finally, the shift from traditional to tech-backed resume evaluation is reshaping not only the recruitment process but also the application process. Job applicants today have to optimize their resumes not only to match the requirements of a particular industry or job position but also to meet AI software standards.
According to Fortune Business Insights research, the global artificial intelligence software market for recruitment is expected to grow from its current value of $1,753.2 million in 2017 to $3.095.8 million by the end of 2025, displaying a CAGR of 7.4%.
Resume Screening Automation
Resume screening automation makes use of machine learning algorithms and natural language processing to perform a thorough and rapid assessment of applications. Here’s an overview of what resume screening automation is based on:
- Pattern identification: To make it simpler to separate qualified candidates from those who aren’t, machine learning models can recognize patterns in candidate data such as experience, skills, and qualifications.
- Matching keywords: To increase resume relevance, an AI algorithm can search for specific keywords and phrases that match those found in job postings and the qualifications listed for open positions.
- Adjustable scoring: Using a set of predetermined criteria, AI systems can assign scores to resumes, making it easy for recruiters to quickly identify top candidates.
In addition to the obvious financial and time savings, one of the greatest benefits of using automated resume screening is the elimination of bias. Automation makes it nearly impossible to discriminate against applicants based on factors like ethnicity, age, or gender.
Finally, there’s also scalability—automating the process makes it possible to process a large number of applications without sacrificing quality.
Using Analytics for Candidate Assessment
Using analytics for candidate assessment is a data-driven approach to talent evaluation. It provides a number of benefits, including advantages in terms of speed, objectivity, and the quality of the evaluation.
Analytics tools can swiftly analyze a large volume of candidates’ data, relieving recruiters from going through the most time-consuming initial phase of screening candidates by going through a pile of cover letters, resumes, and portfolios.
Additionally, some research on recruiter’s perception of AI-based tools showed that 64.7% of HR professionals agree that AI tools significantly improve the efficiency of the recruitment process.
Relying on sophisticated algorithms and natural language processing functions, analytics tools can also make precise evaluations of a candidate’s level of competence in relation to a job’s stated requirements.
The ones that employ psychometric tests and predictive modeling can also evaluate not only a candidate’s skills and experience but also their personality and how well they mesh with the company’s culture.
For example, the Pymetrics analytics tool uses neuroscience-based games and artificial intelligence to evaluate the emotional and cognitive abilities of job candidates. HireVue is another AI-powered platform that analyzes candidate videos to determine their level of cultural fit, soft skills, and other relevant abilities.
Potential Challenges of Using Automation for Resume Evaluations
The greatest potential challenge of using automation for resume evaluations lies in losing the personal connection. The automated initial screening process removes any human element, which may make applicants feel like faceless numbers.
This has also been confirmed in one of the studies that explain how applicants perceive using AI in the recruitment process, where 64% of participants stated that they see a lack of human judgment as the biggest drawback.
On top of that, due to a limited contextual understanding of applications and applicants, lots of nuance gets lost, and many high-quality candidates never get the chance to show their talent. Sometimes, the applicants who look perfect on paper don’t have the passion or motivation to succeed in a certain position.
Interestingly, bias can also arise during the training of algorithms. It is possible for machine learning algorithms to unintentionally reinforce existing biases in the hiring process if they are trained using data that reflects these. For instance, if the algorithm has previously discriminated in favor of a specific gender, it may do so again unintentionally.
So, although automation is a highly effective tool, human intervention is still required to guarantee optimal results. A human perspective can be invaluable in detecting and preventing biases, evaluating context, and making sure automation is being used optimally.
Leveraging automation for resume evaluation offers a competitive edge in candidate assessment while also posing new challenges for both employers and candidates.
On the one hand, leveraging automation for resume evaluation saves time in the initial candidate screening process. But on the other hand, it misses the human touch and may fail to catch the contextual framework of the applications.
So, in general, it is safe to conclude that leveraging automation for resume evaluation is most effective when paired with human oversight, which should ensure that automation improves and does not hinder the recruitment process.