Enhancing the job-seeking experience, LinkedIn introduces AI-powered tools, Jobs Match, and a recruitment AI agent aimed at small businesses. These advancements put an end to the overwhelming, almost futile job application process that often yielded very little response.
The Jobs Match tool offers immediate counsel on the suitability of job openings for the billion users of LinkedIn, among whom recruitment efforts are intensely ongoing, with a whopping 9,000 applications registered every minute.
The AI agent beneficial to smaller businesses performs functions akin to recruitment managers at more prominent organizations. It formulates job applications, selects fitting candidates, and orchestrates responses. Both tools are accessible at no charge, benefiting even the non-premium users of LinkedIn.
Rohan Rajiv, a product management director, attests that these products were built atop LinkedIn’s in-house AI technology, significantly utilizing LinkedIn’s first-party data. He also indicates the possibility of incorporating other data sources in the future. This approach differs from LinkedIn’s typical method of leaning heavily on Microsoft-owned OpenAI, a leading AI startup.
LinkedIn has a rich background in using AI technology for enhancing connections, developing databases, and boosting algorithm performances. These latest additions further aim to streamline job search and hiring activities on their platform. Rajiv discloses that currently, 5 million users express their availability for work, a substantial 40% increase over the past year. Nearly 67 million users are hunting for jobs each week. On the contrasting side, approximately 2.5 million small businesses utilize LinkedIn to fill their vacancies.
Despite LinkedIn’s massive user base exceeding a billion, the platform’s job-seeking and recruitment metrics are still relatively diminutive. Rajiv highlights the tedious experience faced by both job seekers and recruiters, which LinkedIn hopes to resolve with the launch of these AI-powered tools. The anticipation and effect these tools will have on the regular and premium users of LinkedIn’s platform are worth monitoring in the coming months.
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