How AI is Transforming the Hiring Process
Artificial intelligence (AI) is increasingly woven into every stage of recruiting. Nearly 99% of Fortune 500 companies now use automated Applicant Tracking Systems (ATS) to sift through resumes, and roughly 87% of recruiters report using AI-powered tools in hiring. These systems promise to speed up hiring—eliminating low-fit applicants, highlighting top candidates, and even analyzing video interviews—all with minimal human intervention. In practice, the benefits can include dramatically faster time-to-hire and lower costs: for example, one ATS report found an effective AI system can cut the hiring cycle by up to 60% and reduce screening costs by 75% by filtering out about 88% of unqualified applicants. On the other hand, AI in hiring raises fresh concerns about fairness, transparency, and privacy.
