[DigitalToday reporter Chi-gyu Hwang] AI- and data-based HR tech platform JobKorea, operated by Worksphere, said on Monday its AI-based recruitment solution SmartPick delivered results such as cutting client companies' application acquisition costs by an average of 41 percent in its first year after launch.

JobKorea said the number of companies using SmartPick in the third quarter rose more than 150 percent from the fourth quarter of last year, when the product was first launched, and cumulative users over a year topped 10,000 companies.

Key indicators such as participating companies, job postings and applications grew every quarter over the year after launch, JobKorea said. Compared with the early period, postings rose 2.9 times and applications increased 2.6 times, it added.

The company analysed that improved matching efficiency led to a broader user base. Comparing three months before and after first using the solution among SmartPick client companies, the cost of securing one application fell 41 percent on average, JobKorea said.

Worksphere has been upgrading SmartPick's AI recommendation algorithm over the past year. In September it also launched SmartPick on its family brand AlbaMon, and it is now working to transplant the upgraded AI algorithm from AlbaMon SmartPick to JobKorea SmartPick.

A Worksphere official said corporate focus was shifting from how long a posting is displayed to how quickly and efficiently it can meet suitable applicants. The past year's data shows that a hiring approach that prioritises matching with "High-fit" applicants has become an option in the field, the official said. The company will upgrade the SmartPick AI algorithm to connect companies and job seekers more precisely across both regular and part-time hiring, the official added.