9 Advantages of Artificial Intelligence in Resume Screening

AI for resume parsing is increasingly becoming a vital tool in the HR recruitment process. Using resume parsing software, recruiters and hiring managers may quickly and accurately examine resumes, reducing time-to-hire and increasing efficiency. AI resume parsers are robust tools that help firms find top talent on a large scale. In this article, we'll review nine reasons you should use AI resume parsing technology and how it works.

What is AI resume parsing? How does it work?

AI resume parsing is a system that uses artificial intelligence to scan resumes and extract critical information such as job titles, skills, education, certifications, and work experience. The resume parser swiftly and reliably reads each resume, allowing recruiters to review several applications in less time.

AI resume parsers use natural language processing (NLP) to scan each resume accurately. It can recognize job titles, businesses, work experience, talents, certifications, and education. Recruiters may rapidly check the details of each resume and focus their search only on qualified applicants after the resume has been scanned and parsed into an easy-to-read format.

1. Reduce time spent on manual resume screening:

Resume screening is one of the most time-consuming procedures in recruitment. Using AI resume parsing technology, recruiters can quickly find quality candidates from a massive pool of submissions without manually analyzing each resume. Resume processing speeds up resume screening far more than manual reviews. The software eliminates the need for a recruiter or hiring manager to scan each resume manually; instead, they can simply upload a batch of resumes into the parser and obtain parsed data containing relevant career history information structured in a standardized manner within seconds. The resume parser may also extract specific information from resumes, such as names, dates, and titles, removing the need to evaluate resume contents manually.

2. Use fit ratings to find the best-suited candidates faster:

AI resume parsers can also generate fit scores for each resume, assisting you in quickly identifying and prioritizing the most qualified prospects. A resume's suitable rating is calculated by closely matching the job criteria or competencies required for the position. This allows recruiters to quickly find potential recruits without manually reviewing and comparing individual resume data points. • They expedite resume screening by providing a reliable and accurate assessment of candidate qualifications. • They reduce prejudice in resume screening. • They provide a more thorough view of each resume and rate them based on job-relevant factors. Manual resume screening is less accurate than resume parsing. Using resume parsing software instead of manual reviews ensures that resumes are read correctly and that all relevant job credentials are evaluated during selection. AI resume parsers have been trained on millions of resumes to spot relevant keywords and phrases associated with specific positions or skill sets –something a human reviewer cannot do as quickly or effectively.

3. Increase the number of qualified applicants presented to hiring managers:

Recruiters can deliver more qualified candidates to hiring managers by swiftly identifying and ranking the best candidates using resume parsing technologies. Everyone participating in the recruitment process saves time by doing this, and it guarantees that only the best candidates are put forward for consideration. Additionally, resume parsers can spot skills gaps that might not be apparent at first look, such as a lack of credentials or language skills. With AI resume parsing technology, recruiters can increase the accuracy of their recruiting decisions and ensure that qualified prospects are not passed over during the hiring process. The resume parser program will accurately scan each resume, extracting the information while removing any potential mistakes from manual checks. Additionally, resume parsing technology assists recruiters in making more educated selections about which candidates to choose for a position by offering thorough insights into a candidate's resume.

4. A More Engaging Screening Experience

Resume screening can now be made less stressful with the help of recruitment chatbots integrated into talent acquisition tools. The chatbot, for instance, can be trained to inquire about subjects not typically included on resumes but which might reveal information about the applicant's character, goals, and compatibility. After applying for a job, 75% of applicants never hear back from the recruiting manager. Additionally, the chatbot might inform applicants of the progress of their applications. Therefore, they would at least get a courtesy note if they were eliminated.

5. Consistent

An industry-wide set of standards can be implemented since resume screening software incorporates business engine rules. For instance, a corporation can demand that all candidates submit at least two recommendations from previous employers. Therefore, all applicants who don't meet the standard would be automatically disqualified, regardless of the position they seek.

6-Enhanced analytics

All our screening technologies included analytics and integration capabilities, such as those with the applicant tracking system. They were all cloud-based. This provides hiring managers with all the pertinent analytical information they require for talent management, including:

• Number of applications received
• Standards for the industry
• The source of applications
• Filling time
• Screening time
• Diversity funnels

7. Scalability

AI-based resume screening enables businesses to hire candidates for several available positions at once without compromising the screening standard.

8. Handling of exceptions

If a candidate's fitness for a job vacancy is over a threshold but below a firm assessment, the recruiting software can produce tickets for exceptions and refer them to the hiring managers for additional evaluation. As a result, fewer qualified applicants are passed over if a minor portion of their resume is missing.

9- Better coordinating

The matching algorithms and numerical models would match candidates and job requirements more closely. For instance, proficiency in French can be a requirement for a position. Therefore, after scanning a resume, the bots would look for the phrase "fluent in French" or something similar, such as "French fluency." Or, in rare cases, such as when a resume claims, "fluency in many languages," a report can be sent to investigate the situation further. For recruiters trying to speed up the resume screening process, Hirize's resume parsing tool is a wonderful option. It uses artificial intelligence (AI) to read resumes and extract pertinent job history data swiftly and reliably. Additionally, the resume parser from Hirize can produce dynamic fit ratings to assist recruiters in swiftly identifying and ranking the most qualified individuals. This guarantees that only the best candidates are considered, saving time for everyone engaged in the recruitment process.

To sum up, resume parsers are a fantastic approach to finding competent candidates quickly and saving time throughout the hiring process. Employing resume parser technology, recruiters may shorten the hiring process and ensure hiring managers only see the most qualified candidates. Furthermore, resume parsers may remove any potential bias in resume screening and offer thorough insights into candidate qualifications, assisting recruiters in making better hiring selections. Improve your recruitment process with Hirize Resume Parser Today!