Top 5 New AI Resume Screening Tools in 2024
Resume screening is one of the most crucial and painstakingly time consuming tasks in the life of a recruiter. As per some crucial reports, recruiters spend an average of 23 hours screening resumes for a single hire. Can you imagine the amount of productive hours wasted by talent acquisition professionals on such a mundane task? How can AI be used to improve the Resume Screening Process?
This sad reality is finally changing – thanks to the intervention of Artificial Intelligence (AI) and Machine Learning (ML) technologies. AI in recruitment is here and it is here to stay. Analysts say that AI in recruitment will grow at a Compounded Annual Growth Rate (CAGR) of 7% upto 2025.
The best part as far as experts at Tobu are concerned, is the massive amount of AI tools available in the market for resume screening. In this blog, we are going to explore the 5 best AI tools for resume screening.
Before we discuss AI Resume Screening Tech, lets see a brief overview of the process of screening resumes of potential candidates.
Resume Screening Process – An Overview
Resume screening is one of the earliest stages in the recruitment process. It essentially eliminates candidates who don’t even show fulfillment of certain basic criteria. While screening resumes, recruiters gather up information about the candidate based on the data shared by the candidates in their resumes.
During the resume screening process, recruiters match the job profile requirements with the candidates. Majorly, following are the points of evaluation in resume screening:
- Relevant Work Experience
- Qualifications
- Skills & Practical Application
- Personality Type
If a candidate’s resume matches up to these basic expectations his/her resume moves forward in the recruitment pipeline. If not, they are eliminated at this point itself.
This process narrows the pool to interested as well as qualified candidates. Without resume screening recruiters might end up wasting hours on interviewing candidates who are not qualified for the job. Hence, this process is crucial and cannot be skipped.
Let’s take a look at the top 5 new AI Resume Screening Tools in the market.
#1 XOR
XOR is a powerful AI software that covers the entire pre-qualification process through its ever-evolving algorithm. XOR AI has developed Smart Candidate Screening technology that delivers only qualified candidates in the recruiters’ hiring pipeline. Thus, resume screening is taken care of by their AI algorithm.
#2 Ideal
Ideal as an incredible AI-driven offering for recruiters. It has multiple products best suited for talent acquisition personnel. One of its marquee products is Screening. Ideal vouches by the product and explains that using Ideal’s Screening, the hiring pipeline moves 70% faster and recruiters gain 4 productive hours per hire when the software is in charge of screening.
#3 Humanly
Humanly is a unique addition to this list, since it not only screens resumes but also proceeds with a qualificational conversation with the candidates through its chatbot. The chatbot asks all the qualification questions to the candidates and can schedule interviews with the qualified candidates. Recruiters can thus focus on interactions with qualified candidates only and don’t need to partake in resume screening.
#4 Vervoe
Vervoe is not just an AI recruitment tool it is the entire toolkit! Vervoe has developed an AI algorithm that can be customised according to hiring size, hiring type and clients’ industry. It screens resumes and then moves forward with assessments and skill tests. Recruiters can set assessment test that candidates who have passed the resume screening can undertake. Vervoe grades them and gives recruiters insights on each qualifying candidate. This software is a boon for staffing firms worldwide.
#5 MosaicTrack
MosaicTrack is another off-beat addition to our AI resume screening tools list. It is more focused on keyword matching and predicts candidates that will be called in for an interview. The base algorithm revolves around matching the job description with resumes of candidates. It thus effectively screens all resumes and comes back with a list of qualified candidates for the recruiter to focus on.
Final Thoughts
Tobu has been at the forefront of the AI recruitment revolution. Our software is also powered by AI tech. At Tobu, we have built the world’s first email resume extractor. Tobu extracts all resumes in your inbox, parses them and sends them to Tobu’s central searchable private database for your team. Our software also creates a candidate database which is categorized by qualifications, job role, experience etc. While we do exclude ourselves from the list of best tools for screening to avoid bias, we have been researched the market extensively and I would recommend you check out tobu.ai right away. Check out our video demo to learn more.