What companies hiring talent need, are highly qualified candidates applying to their job openings, ultimately resulting in successful hires to fill vacancies.
However, many companies find themselves swamped with irrelevant traffic and an excess of unqualified applicants. This situation leads to inefficiencies, wasted time, and a loss of return on investment. This challenge is becoming even more pronounced due to the rapid adoption of GenAI by job seekers.
The GenAI Wave of Unqualified Candidates
The rapid adoption of GenAI by job seekers is creating a thin borderline between qualified and unqualified candidates:
Rise of Gen AI in Job Applications: a growing number of job seekers are utilizing AI tools to streamline their application process. This has led to the submission of CVs that appear nearly identical and flawless, creating challenges related to authenticity.
Integrity in Assessments and Applications: cheating in the application process and during assessments using Gen AI has emerged as a significant concern. Major financial institutions are forming collaborative task forces to address this issue.
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