Recruitment is one of the first steps in doing business. You cannot work without people who make hiring an essential element to take into account. Recruitment technology is the latest trend in the HR industry. If you invest in it today, it promises valuable results for tomorrow. Embracing this technology is always beneficial as it reduces the cost of hiring, saves time, and ensures smart hiring.
The resume analysis tool is an excellent innovation of recruiting technology. Managing a large number of resumes is always a cumbersome and time-consuming task. Therefore, automation has become the need of the hour these days. Many companies have started using resume analytics software to automate their hiring process.
What is a Resume Parser and what does it do?
An excellent CV automation tool, the resume parser has made life easier for recruiters by pulling information from the candidate’s resume into data fields. Parses resume of any format (pdf, doc, HTML, DOCX, tiff, txt) and provides results in JSON format.
If you choose a great parser, it will easily integrate into your system. An essential feature of this tool is that you can analyze resumes in bulk from your input sources like desktop folders, databases, etc. It eliminates the need to go through a resume one by one, saving a lot of time and effort.
Email inbox analytics is also provided. Resumes are automatically pulled from emails and information is filtered into required fields.
A parser also provides multilingual and regional support. Regions and languages ​​mentioned in a resume are automatically identified and these details are stored in the required fields.
The biggest advantage of this tool is that it can be customized. You can choose the fields for which you need the lead data. All of the above features speed up the entire hiring process with many additional benefits that every company wants.
Job and Recruitment Exchanges
Employers use many sources to hire candidates. However, job boards are seen to be among the favorites when recruiters need to fill jobs and candidates are looking for a job. This source can be defined as a common place where both recruiters and candidates meet.
Job portals are visited by 42.9% of candidates while looking for a job, while 32.1% visit job sites and referral programs are used by 6.9%. (Source: Capterra)
In addition to helping employers close their jobs, they must also provide candidates with a satisfying user experience. This can be done with the help of analytics technology.
How does Resume Parser help job boards?
The job boards serve two users simultaneously:
Candidates
employers
If there are long pages to fill out, candidates have to spend a lot of time while applying for a job. This will cause them to leave the website and switch to another source. A good resume screener makes resume submission a quick process. If a candidate used to spend 15 minutes completing an application process, her time would now be reduced to just 15 seconds. You just need to upload your resume and the fields will be filled in automatically. This will result in a minimal rate of candidate exit from the website. One advantage of this feature is that you will get more traffic, which strengthens your database.
A good talent pool means there are enough candidates to choose from. More options will have employers recruiting candidates quickly and closing jobs in no time. This means that a simple click can generate quality candidates. Plus, because resumes are scanned in real time, employers gain a competitive advantage by being the first to connect with candidates.
Using a CV analysis technology will not only automate the candidate selection process, but will also eliminate manual staff intervention. As the entire process streamlines, it will inevitably increase team productivity and make business operations more efficient. Plus, you’ll save a lot of time wasted manually sorting and filtering resume information. This helps to invest it in other strategic activities that can generate more productivity.
Analytics is just an initial step in recruiting technology aimed at simplifying the hiring process. Innovations and concepts are introduced every day, and now analysis is followed by semantic matching and curriculum enrichment. Soon, it will be necessary for all companies to adopt this excellent technology.