This AI can guess how much a company is paying by analyzing the text of its job offers.

Oscar Almarza

Artificial intelligence systems have become differential alternative when doing multiple jobs. Improvements in technology have made it possible to use several solutions so that robotics can perform actions completely autonomously. Similarly, programs based on deep learning are undoubtedly becoming more innovative. The best example of this is Google’s technology, which is able to request the services of a lawyer.

In the market we can find software based on AI of all kinds. Today we want to show you to what extent these digital applications can be practically developed. A team of professionals from the IT field managed to create an artificial intelligence system, the purpose of which is to detect what is the salary at work simply by reviewing the job offer. This is an interesting tool that can help you find out the salary mass of competitors.

So, let’s see what this curious technology consists of. what practical application it can have in the medium term and, of course, how far the app can go in the future. Will this system be used by HR departments to recruit staff? Here are some of the keys to this artificial intelligence.

AI for getting paid for a given job offer

The first thing to note about this curious technology is that an incredible amount of data supporting their predictions. This artificial intelligence offers information after analyzing over a million job offers, which means that its database can perfectly legitimize the results. Greenwich.HR, a well-known job aggregator in some countries, was used to obtain this information. The data collected is consistent with pre-pandemic proposals.

After the accumulation of all proposals and the establishment of a number of parameters, the effectiveness of this solution was 87%. According to Venture Beat, the words were connected at the first stage by colors, suggesting more reddish tones for terms associated with low wages and greenish tones for those that define higher wages. Likewise, wage shares were associated with some conditional phrases.

Online data gives us a great opportunity to measure what matters. Sarah Bana, Research Fellow, Stanford Digital Economics Lab

According to the terms of Stanford University, such tools can help potential employees know in advance which offers may be of interest to them, as well as offer information of interest to companies that study the labor market before placing an ad on the platform. Be that as it may, this is an interesting alternative that helps to reveal where the labor market is at the moment.