Talent acquisition is the process of finding the best talent for your organization. It is the ongoing strategy which focuses on long-term human resources planning and finding specialists, leaders, and skilled workforce for the growth of the company.
It includes sourcing candidates, screening resumes, finding a relevant match, till the onboarding process. Recruiters receive numerous resumes each day, and screening those resumes manually takes a lot of time. It takes almost 23 hours to screen a single resume. On average, a job opening receives 250 resumes every day, and around 85% of them are unqualified. Ultimately, manual resume screening will take around a week going through these resumes.
Usually, organizations solve this purpose using HR tech plugins. It plays a vital role in the process of talent acquisition and saves a lot of time for HR professionals.
What are the HR Tech plugins?
1) Resume parser:
It basically helps in automating resume screening process. Resume parsing analyzes resumes in bulk, extracts information into machine-readable output, and stores into segregated fields. It screens thousands of resumes within a few minutes and saves a lot of time so that HR professionals can focus more on interviews rather than screening unqualified resumes.
Features of resume parser:
It parses almost all formats of resumes including Doc, Docx, PDF, RTF, HTML.
It parses multilingual resumes.
It can be easily integrated with any existing recruiting software.
It has a comprehensive library of taxonomies.
It provides an opportunity to switch on or switch off data fields to avoid unconscious bias.
It extracts details into more than 100 data fields.
Benefits of resume parser:
It saves time.
It is easy to integrate.
It creates a valuable database.
It fetches resumes in bulk from desktop or folder.
2) Semantic match:
“45% of employers globally report they can’t find the skills they need to fill open jobs.” Semantic search and match can help them to a great extent.
A semantic match is the ability to find the right applicant by matching CVs/resumes with the job descriptions. It helps to find candidates efficiently, quickly, and effectively. It makes search better and user-friendly to find a better match easily.
Features of semantic matching:
It helps to get similar recommendations for resumes and jobs.
It helps in hiring the best fit through synonym matches.
It scores your results from your own database in milliseconds.
Benefits of semantic matching:
It allows a keyword and synonym-based search results.
It saves time by matching resumes with your job description.
It helps in getting the best talent by extracting talent through skill mapping.
It improves the ability to recognize and rank talent.
3) Enrichment marketplace:
The marketplace has become the most popular concept these days. Enrichment marketplace is the centralized place made for HR tech apps where users can choose their desired apps all together on a single platform.
Features of enrichment marketplace:
It helps to build your white-label marketplace.
It allows enriching user information with verified details such as social media details, contact details, etc.
It enables you to define your own workflows with multiple data providers.
It helps to use the intelligence of various apps at a single platform.
Benefits of enrichment marketplace:
It requires one-time integration with a single endpoint.
It is pre-integrated with multiple data providers.
It provides an opportunity to enrich your data using various sources.
Source: http://bit.ly/2JmXt0N
Lovepreet Dhaliwal works with Rchilli Inc, a leading resume parsing software provider which helps in speeding up your recruitment process. An MBA in HR and marketing, he has over six years of work experience in business development and strategic sales.