Exact Answer: Around a week
JP Morgan is a financial organization. It is one of the four big banks in America. Also, it is a dream of a lot of people to have a good position in JP Morgan.
In recent times, JP Morgan has started to use Hirevue to shortlist candidates for them. Hirevue uses Artificial Intelligence and takes interviews of the shortlisted candidate and sends the selected list of candidates to JP Morgan. According to the shortlisted candidates, JP Morgan approaches candidates to proceed further in the hiring process. In such a case, a candidate may wonder about how long it will take to hear back from JP Morgan after giving an interview on Hirevue.
How Long Does It Take To Hear Back From JP Morgan After Hirevue?
In these times, everything becoming dependent on Artificial Intelligence. The advanced technologies have reduced the requirements of the efforts by the humans themselves. Artificial Intelligence is becoming more and more capable and it is not programmed to have any prejudices, unlike humans.
Most organizations are still using their human resource to take interviews. They are using the traditional ways of hiring. They are asking for resumes, shortlisting resumes, taking interviews in person or on calls, and so on. However, some organizations are relying on Artificial Intelligence to take interviews and shortlist candidates for them. One of them is JP Morgan. JP Morgan is using Hirevue software to take interviews through artificial intelligence.
There are several reasons for an organization to rely on Artificial Intelligence rather than Human Resources to be a part of hiring process rounds. When a human takes an interview of a candidate, they may have some prejudices. A human may favor one person and oppose another candidate with or without being conscious of his prejudices. Artificial Intelligence eliminates such prejudices.
When a person applies for a post for JP Morgan, they have to go through a round of interviews. This interview is taken by Hireview software. Artificial intelligence creates questions for the candidate and the candidate has to reply accordingly. Usually, a candidate who has cleared the interview for JP Morgan with Hireview, receives a mail of them clearing the level within a week. However, in some cases, they may hear a response in around 2 weeks.
Why Does It Take That Long To Hear Back From JP Morgan After Hirevue?
The hiring process is long. When it is done physically, the management makes a call for applications and resumes, after that, the resumes of the candidates who applied for the vacant job are reviewed and selected candidates are called for interview in person or through video calls depending on the situation. After this, more candidates are shortlisted and sent for the next round. The process usually takes weeks or sometimes months depending on the post and number of applications received by the management.
The Artificial Intelligence software reduces the time taken. They use some hiring algorithms, which is a way of using mathematical analysis to determine whether the candidate is suitable for the job or not. The software reduces the time 0f the hiring process and helps in saving hiring costs for the organization.
Other than that, the use of Artificial Intelligence may help in reducing workload from the human resource management as well. As it shortlists the suitable candidates on its own, a lot of workloads are reduced from the management which also improves their efficiency.
Anyhow, receiving all the applications, taking interviews, asking questions, is a lot of work, even for Artificial intelligence. Not just that, Artificial Intelligence also classifies all the data and sends it to the organization, in this case, JP Morgan. Afterward, it is up to the management of JP Morgan when to approach the candidate. They may do it within a day, or they may evaluate the results of the interviews taken by Hireview and decide.
The hiring process is long, costly, and tiring. Most organizations do it through traditional methods of hiring i.e., person to person interviews. However, some organizations like JP Morgan are relying on artificial intelligence to get a helping hand in the hiring process.
Hireview takes interviews of the interested candidates and asks questions. If a candidate applies for JP Morgan, they have to give an interview to Hireview. If they clear the interview they receive a mail from JP Morgan. On average, a candidate who clears the round with Hireview gets the mail in a week and two weeks at max.