According to a report by Goldman Sachs, ChatGPT could lead to the elimination of around 300 million full-time jobs globally. The popular artificial intelligence technology may also cost job seekers a job before they even have it if they use it to write their resume or cover letter. The report found that 47% of college seniors are interested in using ChatGPT to create these documents, while 25% of Gen Z have already used it. However, 39% of HR professionals wouldn’t offer a job to someone who uses AI tech to create their application.
Despite this, many job seekers continue to use ChatGPT, with seven out of ten applicants who used it reporting a higher response rate from companies. Additionally, almost eight in ten candidates who used ChatGPT got to the interview stage, according to a survey from Resume Builder.
However, the report suggests that recruiters could also benefit from using ChatGPT. Al Smith, iCIMS chief technology officer, highlights that generative AI bots like ChatGPT have the potential to help both employers and candidates to communicate more effectively and be more productive.
Goldman Sachs is a multinational investment bank and financial services company headquartered in New York City.
Al Smith is the chief technology officer of iCIMS, a cloud-based talent acquisition software company located in New Jersey, USA.
