The job market is changing rapidly, with the increasing use of artificial intelligence (AI) in various aspects of hiring. One area where AI is making a significant impact is in resume and cover letter writing. With the rise of AI-powered tools like EarnBetter, it’s possible that resumes and cover letters may become even less useful than they were before.
The Rise of EarnBetter
EarnBetter is a startup founded by former Credit Karma employees that uses AI to help users create professional-looking resumes and cover letters. The platform allows users to upload their existing resume or cover letter and have it reformatted and rewritten for a specific job listing in minutes. EarnBetter also provides a job search tool and an editing suite that automatically highlights skills and experiences relevant to available roles.
CEO Tuck Hauptfuhrer’s Vision
According to Hauptfuhrer, the CEO of EarnBetter, the platform aims to "level the playing field for job seekers." He believes that traditional job boards, staffing companies, and other tools often favor those who have the means to invest in expensive resume-writing services or have extensive experience in crafting resumes and cover letters. EarnBetter’s AI-powered tool is designed to provide a free, fast, and easy-to-use solution for job seekers.
How EarnBetter Works
EarnBetter makes money by charging employers when people find and send job applications through the platform. During its beta period, users created over 100,000 resumes and cover letters using EarnBetter’s tool. Hauptfuhrer claims that the platform helps both job seekers and employers by providing professionally written, cleanly formatted, and tailored resumes and cover letters.
The Impact on Traditional Resumes and Cover Letters
With the increasing use of AI-powered tools like EarnBetter, it’s possible that traditional resume and cover letter writing may become less relevant. According to a recent poll from Resume Builder, nearly half of current and recent job seekers are using OpenAI’s AI-powered chatbot, ChatGPT, to write their resumes or cover letters.
The Decline of Cover Letters
Only around 2% of millions of listings on the job-finding platform Indeed mentioned a cover letter as of March 2023. Many hiring managers report not actually reading cover letters – only checking to see whether they’re included if specified in the job listing. This trend suggests that traditional cover letters may become less necessary in the future.
The Future of Resume and Cover Letter Writing
As AI-powered tools like EarnBetter continue to gain popularity, it’s likely that resume and cover letter writing will undergo significant changes. While traditional resumes and cover letters may not become obsolete entirely, they may evolve to incorporate more AI-generated content or use AI as a supplement to human creativity.
The Benefits of AI-Powered Resume Writing
AI-powered tools like EarnBetter offer several benefits over traditional resume-writing services:
- Speed: EarnBetter’s tool allows users to create professional-looking resumes and cover letters in minutes.
- Accuracy: AI-generated content is less prone to errors and inconsistencies than human-written content.
- Cost-effectiveness: EarnBetter offers a free, no-cost solution for job seekers.
Conclusion
The rise of AI-powered tools like EarnBetter has the potential to revolutionize the way we approach resume and cover letter writing. While traditional resumes and cover letters may become less necessary, they will likely evolve to incorporate more AI-generated content or use AI as a supplement to human creativity.