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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
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Say goodbye to the 1-page résumé—most recruiters say that 2 pages is the new normal

Emma Burleigh
By
Emma Burleigh
Emma Burleigh
Reporter, Success
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Emma Burleigh
By
Emma Burleigh
Emma Burleigh
Reporter, Success
Down Arrow Button Icon
September 24, 2024, 8:28 AM ET
Hiring manager sits with job candidate.
A majority of recruiters expect two page resumes from candidates. Getty Images
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Many workers around the U.S. have gone through life with an unspoken understanding about résumés: They’re supposed to be one page long. Anything more is testing the patience of a busy recruiter or hiring manager. But AI may be changing that. 

About 53% of recruiters now expect candidate résumés to be two pages long, according to a new report from Criteria, a job applicant testing company. Meanwhile, 43% of hiring professionals still want the standard of one page, while 4% want more than two pages from applicants. 

Josh Millet, the CEO of Criteria, tells Fortune that the fact that more than half of surveyed recruiters expect two-page résumés is a tacit confirmation that the industry as a whole is using AI to sift through applications. Candidates now know that they need to list the skills a bot is searching for, and hiring managers are using the tech to wade through a pile of thicker applications. 

“There’s just no way that collectively HR people are saying: ‘I need to read longer résumés,’” he says. “So the overwhelming interpretation of that is an admission on all sides that machines are reading their résumés.”

Businesses are increasingly leaning on technology to bolster their talent acquisition process—about 42% of companies say they use AI screening “to improve recruiting and human resources,” according to a 2023 report from IBM. This allows them to filter out strong applicant matches within a fraction of the time it would take them to analyze candidates individually. 

And as for job seekers, they’re using the technology to apply to more jobs than ever. The sweet spot for job hunters is sending out between 21 and 80 applications, according to 2023 data from the U.S. Bureau of Labor Statistics. But that number is far lower than what many job seekers feel forced to do in such a tough market—candidates publicly leveraging ChatGPT and other AI models to optimize their materials are sending out hundreds, if not thousands of applications. 

The fact that AI is radically changing the hiring process, however, it isn’t necessarily a bad thing.  Millet says that new technology offers the chance for talent acquisition teams to be more efficient, screening a larger and more diverse group of candidates at a faster pace. But he adds that people need to stay central to the process while working alongside AI. 

“We’re very strong believers that hiring decisions should ultimately be human ones,” he says. “But technology can help prioritize certain people in your applicant pool, or help surface people that you wouldn’t have looked at otherwise. So I think that’s an important dynamic.”

Emma Burleigh
emma.burleigh@fortune.com

Around the Table

A round-up of the most important HR headlines.

The Washington Post is cutting a quarter of its standalone software unit a year after the publisher rolled out voluntary buyouts to trim its workforce by 240 employees. WSJ

Southwest Airlines has told staffers it will make “difficult decisions” in order to boost profits amid pressure from an activist investor. NBC News

The U.S. may be attempting to ban TikTok, but an employee at the social media company says that they’re not panicking and the atmosphere is “business as usual.” Business Insider

Watercooler

Everything you need to know from Fortune.

Bothered. Jamie Dimon says that he’d “make Washington, D.C. go back to work,” airing his frustration at federal employees who are not in the office five days a week. —Orianna Rosa Royle

Optimistic. Nearly all Goldman Sachs interns use AI on the job, and most have positive perceptions that the tool will enhance their capabilities but not take over their roles. —Luisa Beltran 

Bottoms up. Nike employees popped bottles of prosecco when they found out the company hired a new CEO. —Kim Bhasin, Lily Meier, Bloomberg

This is the web version of Fortune CHRO, a newsletter focusing on helping HR executives navigate the needs of the workplace. Sign up to get it delivered free to your inbox.
About the Author
Emma Burleigh
By Emma BurleighReporter, Success

Emma Burleigh is a reporter at Fortune, covering success, careers, entrepreneurship, and personal finance. Before joining the Success desk, she co-authored Fortune’s CHRO Daily newsletter, extensively covering the workplace and the future of jobs. Emma has also written for publications including the Observer and The China Project, publishing long-form stories on culture, entertainment, and geopolitics. She has a joint-master’s degree from New York University in Global Journalism and East Asian Studies.

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