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Compute and recruit: Why AI will be your next recruiter

January 09, 2019 / Caitlin Stanway-Williams

If you have been on the job market or are searching for the right candidate for your company, you have probably heard some version of the ever-so-clever phrase: "Looking for a job is a job in itself!" Recruitment can be a slow, laborious and expensive process; according to Glassdoor, the average US company spends almost two months and $4,000 hiring a new employee. Aida Fazylova believes she has found the solution: Get AI to do the legwork and cut inefficiency across the board. This was her goal when she co-founded XOR, an AI-powered recruitment chatbot, in 2016. In the last 18 months it has grown to work with 121 customers in 15 countries, including McDonald's, Ikea and a number of luxury retailers, serving 2.5 million candidates so far. XOR's chatbot works all day, every day and can handle basic questions such as: "What is your benefits package?" or "is there a dress code?" It pre-screens candidates by checking whether they have the correct qualif...