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With the recent launch of Google’s Bard, another tech giant has entered the field of generative artificial intelligence alongside Microsoft’s Bing Chat and OpenAI’s ChatGPT.
But how many business leaders are currently using or planning to use AI technology in their daily work?
Based on many new studies. Half of the businesses ResumeBuilder surveyed in February said they use ChatGPT. 30% said they plan to do so. The data included his 1,000 responses from ResumeBuilder’s network of business leaders.
ResumeBuilder Chief Career Advisor Stacie Haller says the data may be the tip of the iceberg. Since the survey was completed, more professionals have started using generative AI.
Age and Economy Affect Use of AI
Haller said age and current financial status played a role in the results. For example, his 85% of respondents are younger than his 44, making younger workers more likely to adopt new technologies.
“If you’re 38 or 40, you grew up with technology,” she said. “This is second nature to you.”
Haller said the high hiring rate is also related to the post-pandemic job market. After expanding during the pandemic, companies are adapting to the new economy through automation, she said.
“The first people I saw ChatGPT replace HR jobs were people writing job descriptions and dealing with applicants,” says Haller. “I don’t know many people who like writing job descriptions. I’ve been in this world for a long time.”
ResumeBuilder collects recruitment data and allows applicants to write cover letters and resumes during their search.
When companies automate their writing tasks, they free up funds for more strategic areas of the company. According to the data, half of the companies deploying AI said he saved $50,000, and a tenth said it saved $100,000.
Another area where ChatGPT has made an impact is coding. According to Haller, companies are using generative AI to speed up coding tasks and use the time and money saved in retraining and hiring.
“If we can generate enough code to reduce our labor costs, we can use our code budget to pay developers,” she said. “Or better yet, retrain the coders to do the work they need to do.”
She said it’s still hard to find senior developers and that everything counts.
How coders are adding generative AI to their resumes
CEO Praveen Ghanta, who founded Fraction, a professional services startup that helps tech companies find senior developers, said generative AI is part of his company’s strategy. AI as a skillset is already prominent on your resume.
“We saw it first on the demand side,” says Ghanta. “Now it shows up as a skill on developer resumes.”
ResumeBuilder found that 9 out of 10 companies that responded were looking for potential employees with ChatGPT experience. His one version of ChatGPT as a resume skill is what Ghanta called prompt engineering.
“ChatGPT, for example, is bad at math,” he said, but candidates can use their rapid engineering experience to know which inputs produce the best results. “When you prompt and say, ‘Let’s do this step by step,’ you dramatically improve your ability to solve math word problems,” he said.
Ghanta said the idea for Fraction came about when he was recruiting at a previous startup, hiring part-time developers already working at top tech companies to find talent. He realized that a developer with 12 years of experience and his AI nimble skills needed help getting in front of recruiters.
“The current currency in hiring hasn’t changed. It’s the resume,” Ganta said. “Recruiters still want to see that paper, the PDF, but many developers have very bad resumes.”
They are not writers, he said, and have trouble articulating their work experience. His team uses his AI workflow to address this. Clients tell transcription bots like Otter.AI about their responsibilities. ChatGPT boils it down to a job resume. According to Ghanta, rapid know-how has made the use of AI a toolset that companies want.
Employers are increasingly using AI in hopes that job seekers will use it
With the right instructions, ChatGPT can create applications, code, and solve complex math problems. Should employees worry about their jobs? As a founder, Ghanta sees new technology as a tool to engage, and says new skills are always an advantage for employers and employees. increase.
“I encourage developers to get involved and hone their skills. These companies make their APIs easy to use,” he said. “From a company perspective, hiring is competitive because this is a new skill. Not everyone is doing this yet.”
There is growing concern that generative AI could replace jobs, but perhaps not the most anticipated ones. A recent study found that telemarketers top the list of jobs “exposed” to generative AI, but roles like professors and sociologists are also at risk.
When it comes to hiring, 82% of respondents say they’ve used generative AI for hiring in recent ResumeBuilder updates. 63% of respondents said candidates using ChatGPT are more qualified.
“When Photoshop came out, people thought it was going to replace everything, and they thought photography couldn’t be trusted anymore,” says Haller. “Since the industrial revolution, new technologies have changed the way we work. This is just the next step.”