Albamon Launches AI-Powered 'SmartPick' to Match Applicants
AI selects and recommends job seekers most likely to apply.
Albamon, a part-time job platform, said Tuesday that it has launched “Albamon SmartPick,” a recruitment solution that uses artificial intelligence (AI) to quickly connect employers with suitable applicants.
Albamon SmartPick uses AI to predict job seekers’ likelihood of applying and recommend suitable job postings. Unlike existing products that charge for exposure over a set period, the recruitment budget is deducted only when a job seeker clicks on a posting. Employers set their recruitment budgets themselves.
AI selects which job seekers see the postings. The AI algorithm calculates the similarity between job seekers and postings based on their data, predicts the likelihood that job seekers will apply, and recommends postings accordingly. The company said the solution improves recommendation accuracy by taking into account a broader range of job seeker behavior data than JobKorea SmartPick, which has been in operation since October last year.
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The launch expands to the part-time job market a performance-based recruitment model first introduced by JobKorea. JobKorea has continued to enhance its “SmartPick” recruitment solution, which charges employers per click, since launching it last year. In just over a year since its launch in October last year, the service has been used by a cumulative total of around 10,000 companies. Advertising spending in the third quarter this year was 2.6 times the level in the first quarter, and the service has taken hold in the market as word of mouth spread among corporate clients, with new customers accounting for 66% of companies using it in the third quarter.
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