Armed with AI, workers are applying to more jobs
As we slowly fade out on 2023, it can be fun to think about some of the biggest headlines from the past year. From Barbenheimer dominating the summer box office to Sam Altman’s ouster from and quick return to OpenAI, there’s plenty to think back on before we close out the year.
Artificial intelligence had its moment in 2023, and it made a big impact on how we work and find work. Apps like ChatGPT will undoubtedly continue to shape how the average office worker does their job, and AI tools are already changing how people search for and apply to new jobs.
We’ve talked a lot in this newsletter about how to utilize AI tools to help you find success. Today, we’re going to take a step back and look at the impact—both positive and negative—that these tools have had on the job market. Then, we’ll showcase a video interview with Tamira Chapman, the entrepreneur behind Storehouse In A Box, as she shares her thoughts on building generational wealth. And finally, I’ve got a list of stories at the bottom of the newsletter you won’t want to miss, including one on a new study that shows that the fastest-growing segment of workers is those older than 75.
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Featured story of the week: Armed with AI, workers are applying to more jobs. It’s upping the competition.
Earlier this year, 26-year-old data scientist Anshita Verma was submitting a few job applications each day. Now, thanks to artificial intelligence tools, she’s sending out 10 to 15 on a daily basis.
“Instead of taking 30 minutes to fill out an application, it might take me 10,” says Verma. Plug-in AI browser tools that autofill the fields in job postings have sped up the time she spends on applications, letting her apply to more jobs more quickly.
Generative AI can also be used to craft résumés to better fit the job descriptions and qualifications of particular listings. Some applicants are using job search automation tools such as LazyApply and SimplifyJobs to apply to jobs en masse.
These tools are one of the reasons that recruiters are being inundated with more applicants than before. Workers in the U.S. and the U.K. are applying to about 15% more roles compared to a year ago, according to recent data from LinkedIn.
In Her Words: “There’s a whole energy around AI right now, and if you have these tools that are going to help you craft that perfect message with personalized suggestions, it really gives you a little bit more confidence in applying," says LinkedIn’s chief economist Karin Kimbrough.
Experts say the increase in applications, due in part to AI, is swamping recruiters, leaving companies to sort through a flood of résumés. It’s causing “this really big need in the recruiting department to use AI to sort, filter, search and source résumés,” says Josh Bersin, a human resources industry analyst, who said he recently posted a job for an editor and got 300 responses in the first hour.
AI could also be making it harder for job seekers, as AI-assisted applications raise the bar for getting noticed and increase chances of getting missed amid the deluge. “People aren't finding a job as quickly as they might like, so they might feel the need to cover more bases and apply to more roles,” Kimbrough says.
Still, experts say that these AI tools aren’t the only reason that people are applying for more jobs. Read more about the trend in the full story from Forbes’ Emmy Lucas.
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Thank you for reading! We'll be back Thursday with another edition of Forbes Edge.
This edition of Forbes Edge was written and curated by associate editor Chris Dobstaff.
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5moWwa
Ai Fashion Designer at Karusel Consulting with expertise in Artistic Direction
6moThe 2023 surge in AI's influence on job applications, as highlighted in Forbes' recent article, underscores a transformative shift in the job market. Fascinating to see how AI tools like ChatGPT are reshaping the job application process, allowing candidates like Anshita Verma to apply to more roles efficiently. While this AI-assisted strategy raises competition, it also poses challenges for recruiters, inundated with applications. It’s a compelling scenario that balances AI's efficiency with the need for human discernment in recruitment. As AI continues to evolve, its integration into job search strategies exemplifies a critical blend of technology and human insights. Karusel® aligns with this trend, embracing AI to enhance creativity and efficiency in fashion design, a testament to the multifaceted influence of AI across industries.
Awarded Honory Membership at National Association of Jewellers
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CEO @ DeepMate | Helping Recruiters to Boost Job Interviewing and Candidate Screening Performance with AI-powered SaaS Platform
6moAs AI reshapes job applications, candidates should focus on showcasing unique human qualities that transcend algorithms—creativity, empathy, adaptability. It's about complementing AI's efficiency with our irreplaceable human touch.
Experienced Event Planner, Marketer, Promoter and Event Services Professional seeking a new opportunity
6moForbes AI is becoming the new norm and is being used more and more to mostly benefit what we can do and how fast we can do it. Obviously, you need to read and review what you ask it to write or help you with, but in general, I am still skeptical of it BUT am attending more webinars to see and hear how its used and how it can benefit me in applying for work.