HR technology company Phenom, for example, sells an AI-enabled hiring platform that creates a shortlist of job candidates for recruiters and hiring managers. Its technology, which the company claims is used by 200,000 hiring managers, creates a candidate list based on skills, experience, and location using “fit” scores, an assessment to evaluate a candidate’s suitability for a specific role and company.
“It streamlines interview scheduling for hiring teams, interviewers, and candidates through automation. It additionally enables hyper-personalized interactions with candidates, employees, and alumni through generative,” said John Harrington, senior director of product marketing at Phenom.
For job seekers, Phenom’s tool uses a semantic search engine that scans career websites to help candidates identify relevant job opportunities through context-driven algorithms, according to Harrington.
Startup Eightfold AI recently announced its AI-powered applicant tracking system (ATS) that handles the recruitment process for companies from end-to-end. The tool is also aimed at streamlining the recruitment process, enabling organizations to quickly identify and secure top talent through AI-powered recommendations. The Eightfold Talent Tracking tool also generates job descriptions, recommends job-posting platforms, and handles pre-onboarding integrations.
