LONDON, Jan. 24,
2024 /PRNewswire/ -- The recruitment industry, a
critical pillar in the workforce ecosystem, has undergone a
transformative evolution with the advent of Artificial Intelligence
(AI). As we stand on the cusp of a new era in computing, AI has
emerged as a revolutionary catalyst, reshaping traditional
recruitment processes and offering unprecedented opportunities to
both employers and candidates. This article will delve into the
profound impact of AI on the recruitment industry, exploring the
key advancements, challenges and the paradigm shift it has brought
to the hiring landscape.
Advancements in AI in Recruitment:
Expertini.Com - the global job search, annouced the Resume
Score™, a tool that will revolutionize candidate sourcing and
screening processes. Expertini has integrated the Resume-Score tool
in all its global regions, utilizing natural language processing
(NLP) and machine learning algorithms to effectively analyze
applications based on job descriptions. This innovative approach
identifies patterns and predicts candidate suitability based on
predefined criteria for the job role. Not only does this expedite
the initial stages of recruitment, but it also ensures a more
objective and unbiased evaluation of candidates aligned with the
job requirements.
Expertini.Com has consistently been at the forefront of new
concepts in the recruitment industry. It was founded in 2008 by the
British entrepreneur Ahsan Syed from
London and is backed by a research
team consisting of Dr. S. M. M. Habibi Ph.D., Ms. Najwa Hadi, Dr. Fareeda
Quadeer, Mr. Zainulabidin Nadeem, Mr. Syed Anwar, Mr. Nikhil
Patel, Mr. Colwyn Heck, Mr.
Marvin Kuhn and Australia coordinator Mr. Imam Yaser. On
November 25, 2016, it became the
first platform to launch a social insight feature, setting a trend
that was followed by other competitors.
The Application Tracking System (ATS), introduced in 1990s, has
streamlined the hiring process and became the funnel to select the
right candidate. Expertini introduced an advanced ATS system that
upon receiving a candidate's application, analyzes the Resume/CV
based on the job description using Semantic Search and Natural
Language Processing (NLP). This technology, often categorized under
Applied Science, automatically scores the Resume/CV based on a job
description matching algorithm using Cosine similarity†. This
algorithm utilizes two n-dimensional vectors of attributes, A and
B, where Ai and Bi represent the ith components of vectors A and B
respectively.
Cosine Similarity:
Sc(A,B):= cos(θ) =
A • B / ||A||
||B|| =
n∑i=1 Ai⋅Bi /√ n∑i=1
(A2i)
⋅ √ n∑i=1
(B2i)
The resulting similarity ranges from -1 (meaning exactly
opposite) to 1 (meaning exactly the same) with 0 indicating
orthogonality or decorrelation. Values in between indicate
intermediate levels of similarity or dissimilarity. For text
matching, the attribute vectors A and B are usually the term
frequency vectors of the documents. Cosine similarity can be seen
as a method of normalizing document length during comparison. In
developing its own framework for Resume Scoring, Expertini used
Cosine Similarity to narrow down the technical parameters and
provide precise scoring. Expertini emphasizes, "Although technology
should not be deemed a replacement for the human mind, it is more
appropriate to use it for enhancement, speed, and facilitating
tools."
While AI brings efficiency to recruitment processes, the human
touch is irreplaceable. Building relationships, understanding
nuanced qualities and assessing cultural fit are aspects that AI
may struggle to replicate. Striking the right balance between
automation and human involvement is crucial for successful
recruitment. These AI-driven tools can enhance the recruitment
funnel and conduct preliminary short-lists, saving valuable time
for recruiters in selecting the right talent.
The Resume Score™ provides a scoring system for decision-making,
leveraging Artificial Intelligence's ability to analyze Resumes/CVs
and job descriptions. It enables scoring and provides analytics in
the recruitment process. By forecasting candidate success and
identifying potential red flags, recruiters can make more informed
decisions. This data-driven approach minimizes the risk of hiring
mismatches and enhances the overall quality of talent
acquisition.
AI tools play a crucial role in mitigating unconscious biases in
the recruitment process. By focusing on objective criteria and
analyzing candidate qualifications without prejudice, AI
contributes to creating a more diverse and inclusive workforce,
fostering innovation and productivity. Expertini asserts that the
integration of AI in recruitment can empower ethical values
ensuring fair resume scoring as computer AI and algorithms are
mostly built to be unbiased and provide equal opportunities. This
is a vital step towards removing ethnic bias.
According to Expertini, the integration of AI in recruitment
represents a paradigm shift, transforming the industry from a
manual, time-intensive process to a data-driven, efficient and
strategic function. As more organizations embrace AI technologies,
they gain a competitive edge in identifying, attracting and
retaining top talent using AI, ML and NLP. The ability to leverage
Resume Scoring for decision-making positions companies to build
agile and responsive teams capable of navigating the complexities
of the modern business landscape.
Conclusion:
The AI Resume Score™ provides candidates with insights into
their strengths before submitting their applications. This empowers
them to:
- Understand their strengths
- Apply with confidence
- Pursue knowledge and bridge the gap between the skills needed
by talent acquisition.
The impact of AI on the recruitment industry signifies a
revolutionary age in computing, where intelligent algorithms are
not just tools but strategic partners in talent acquisition. As
technology continues to evolve, it is imperative for recruiters,
organizations and policymakers to address ethical considerations,
foster adaptability, and strike a harmonious balance between the
efficiency of AI and the irreplaceable human touch. Embracing the
transformative power of AI in recruitment promises not only a more
streamlined and effective hiring process but also the creation of
diverse, inclusive and high-performing teams that will drive
success in the digital age.
Expertini's innovative AI research and development have
contributed to a new awareness among job seekers in their pursuit
of knowledge and have bridged the gap needed by talent acquisition
across the globe. In conclusion, Expertini's innovative use of AI
technologies exemplifies the transformative power of these tools in
reshaping recruitment processes. By combining NLP, machine learning
algorithms and advanced ATS systems, Expertini has established
itself as a pioneer in leveraging AI for efficient and objective
talent acquisition.
About Expertini:
Expertini is the first AI Jobs and Career Platform that
supports global job listings and connects employers with job
seekers. It also serves as a professional tool for seeking new jobs
and employers looking for new recruits—an ideal hub for discovering
jobs, employment and career opportunities worldwide.
Expertini provides a continuous stream of job openings across
250 countries, utilizing web services and API technologies
throughout its partner network. The platform offers a user-friendly
interface for employers to quickly create and publish job listings.
Importantly, Expertini is 100% free for all users, with no hidden
costs.
Employers can seamlessly navigate Expertini to post free
job listings for their local regions. The platform is multilingual,
offering free tools such as Resume-Score, Job Score and its own ATS system to streamline
the hiring process.
It welcomes global job seekers to register, analyze their
Resumes/CVs and evaluate their profiles before submitting
applications to Employers/Recruiters—all free of charge. The
built-in Resume Builder supports .pdf, .doc and .docx Resume/CV
formats for scoring.
Expertini collaborates with Google for Jobs ensuring that jobs
posted on its platform are indexed on Google for Jobs.
Additionally, it supports integration with other ATS systems like
Zoho and many others to meet the demands of the competitive
market.
Any Questions?
Expertini provides extensive 24/7 online chat support for job
seekers, employers and recruiters alike, welcoming inquiries and
assistance.
Contact Information:
Expertini.Com
- Email: Info@Expertini.Com
- Tel: +44 (0) 203 28 786 01
- Website: www.Expertini.Com
London: Expertini, 71-75
Shelton Street, London, WC2H 9JQ,
England, United Kingdom
New York: Expertini, 1178
Broadway, 3rd Floor, New York
City, 10001, New York,
United States
Hyderabad: Expertini, Suite
617, Tower 2, Kenworth, Hyderabad,
500030, Telangana, India
Notes and References:
† Trigonometry seems to have originated in the Hellenistic
world, with Hipparchus (c. 190 – c. 120 BC) considered its founder.
It was later expounded by Al-Battani (ca. 858-929) in his
astronomical work "The Perfection of the Almagest," who defined the
trigonometric functions. Abu'l Wafa (940-997/998), in his work,
systematically set the elements of trigonometry. Al-Biruni
(973-1048) outlined in-depth in his "Mas'udic Canon." Additionally,
al-Tusi's (1201-1274) "Treatise on the Complete Quadrilateral"
provided extraordinary trigonometrical formulas for plane and
spherical triangles. These works played a crucial role in computing
mathematical calculations for today's modern science.
1. Encyclopaedia of the History of Science, Technology, and
Medicine in Non-Western Cultures. (2008). Germany: Springer.
2. G. Richard, A. Rizk. Semantics of the concurrent logic
programming language PARLOG. RR-0848, INRIA. 1988.
ffinria-00075705f.
3. Bondielli, Alessandro, and Francesco
Marcelloni. "A data-driven approach to automatic extraction
of professional figure profiles from Résumés." Intelligent Data
Engineering and Automated Learning–IDEAL 2019: 20th International
Conference, Manchester, UK,
November 14–16, 2019, Proceedings, Part I 20. Springer
International Publishing, 2019.
4. Dehak, N., Dehak, R., Glass, J., Reynolds, D., Kenny, P.
(2010). "Cosine Similarity Scoring without Score Normalization
Techniques." MIT Computer Science and Artificial Intelligence
Laboratory, Cambridge, MA,
USA.
5. Expertini. (2016, November 25).
"Expertini Global Job Search Engine Launches New Social Insight
Feature." PR Newswire.
6. Singhal, Amit. "Modern Information Retrieval: A Brief
Overview." Google Inc., 2001, and Bulletin of the IEEE Computer
Society Technical Committee on Data Engineering 24 (4): 35–43."
Photo -
https://mma.prnewswire.com/media/2326136/Expertini_Limited_1.jpg
View original content to download
multimedia:https://www.prnewswire.com/news-releases/expertini-analyzed-how-artificial-intelligence-is-impacting-the-recruitment-industry-a-revolutionary-age-in-computing-catalyst-302043763.html
SOURCE Expertini Limited