How Artificial Intelligence Is Helping Enrich The Job Finding Experience
Opportunity is a platform designed to make the interview process less time consuming for employees and employers
Finding a job can often prove to be a full-time responsibility in and of itself. Whether you’re seeking employment or recruiting workers to join your ranks, the time lost finding the ideal candidate can often translate to reduced productivity, which can also mean less money in your pocket and more stress. To level the playing field in a time when virtually everything else is already being automated, startup Opportunity has become the first networking site to integrate artificial intelligence into its platform. Utilizing the advanced technology to streamline many filters companies often search for, the hiring platform screens for personality, previous work, skill sets, location and other such requirements, refining the way companies and prospective employees connect. To understand how radically new hiring practices might emerge due to these powerful algorithms, PSFK sat down in an exclusive interview with the company’s CEO and Co-founder Janis Krums.
When someone signs up for an account with Opportunity, the ‘Match.com of professional networking’ will then scour the web and social profiles to verify the aforementioned metrics. Once it has a good sense of who you are and what areas you particularly excel in, you’ll proceed to be paired with companies that fit what you’re looking for—assuming you fit their search terms as well.
“Our goal with the integration of AI into our platform is to cut the interview process down and make it less time-consuming for both the candidate and the employer. For now, it can be used to whittle down candidate searches—instead of a hiring manager looking at 100 resumes, they can look at 10 or 20. It shouldn’t be the sole tool for hiring someone, but it will certainly save time,” explains Krums.
By eliminating as many steps from the manual process as possible, Krums posits that the multi-interview hiring process will ultimately become irrelevant. Though he asserts that human-to-human interaction can help build a deeper profile of potential candidates, he also warrants that the interview process is less necessary for smaller roles within the corporate hierarchy. If you’re someone who tanks in one-on-ones with potential supervisors, this may be welcome news.
“The elimination of the [common] job interview will mean time saved. Those who are considered to be introverts, who get stressed about interviews will most definitely benefit. They are not good at first impressions, which can often win or lose an interview. It tends to take a while for introverts to get comfortable, and until they do, it can be noticeably uncomfortable,” says Krums. “Secondly, introverts often take their time to digest questions and formulate their response, whereas hiring managers expect immediate, articulate and well-formed responses.”
For HR, AI will prove to be an especially potent tool that’ll enable this workforce to focus less on acquisition and more on corporate trainings and building a proper work atmosphere for employees to thrive in. In middle-manning the process through an automated yet incredibly personalized approach, the business networking platform will prove a win-win situation both for employers or employees.
Still in its early stages with the revamped job/talent search, Opportunity has big ambitions to compete in the crowded job search market. Somewhere between LinkedIn (as a professional network) and Indeed (as a job search function), the startup wants to quantify its matchmaking software so as to optimize its matchmaking capabilities. When you really think about it, the startup’s AI is predicting how workers will fare in new office cultures and potentially different roles than what they’re used to, without ever having to meet someone from that office first. While that may sound too good to be true, over time the company will be sitting on enough data to make that dream a reality. It may possibly even be enough data to make a significant dent in unemployment rates.
“We’re in the process of rolling out our first AI integration, which we’ll launch under Beta in Q1 of this year. We’re first going to be looking at user interaction data from the past and start making suggestions from those actions. The other part that we’re working on is identifying good leads vs. bad leads, and our data from the past interactions will help in identifying the users that have a high chance on being successful within Opportunity.“