HONO Resume Parsing - Hire smart and more efficiently

HONO Resume Parsing - Hire smart and more efficiently

>> Recruitment and Hiring Landscape post COVID

COVID 19 instigated lockdowns laid a heavy blow on the labour markets globally, after  which, companies were banking on 2021 and the following years to get back up and make a major recovery. With more people trying to find a way out of employment, a QuikrJobs survey revealed that the rate of applications per job had gone up by 48% compared to the pre-covid period. Recruiters and hiring managers everywhere were heavily burdened.

>> Other challenges which need to be addressed

In general, finding the right fit for the organization has always been a challenge for talent acquisition teams. According to another study, nearly 74% of the employers admit that  they have hired the wrong person for the job. 10% hiring managers attribute the bad hire to ‘lack of adequate tools’ to select the right talent and 30% attributed it to the ‘pressure to fill a particular role quickly’.

So the question now is, how can application management i.e. the entire process of organizing, sorting through and analyzing resumes to find the most appropriate and qualified candidate for the job, be made less time consuming and more efficient for HR professionals?

Enter a much-needed modern solution: Skill based matching using an AI based Tool

Skill based matching uses an AI based software application which eliminates the need for manual data entry and sorting processes to extract the right kind of information intelligently from bulk applications.

>> But my organization has not experienced a sudden increase in applications, why should I go for automation?

Skill based matching is also an integral part of many ATS (Applicant Tracking System) softwares and streamlines the screening process through grammar-based, keywords-based and statistical techniques to match proper skill sets to a job opening, in an accurate manner.

Some of the other major advantages of automation through a resume parser include -

• Consolidated and organized applicant data for quick and easy access
• Custom parsing parameters allow for consistency in the parsed data
• The scope for human errors and biases while screening are eliminated
• The format of parsed data can be standardized across departments
• Other cost, time and process efficiencies

>>Paradigm shift in hiring parameters 

The year 2021 has forced organizations to reassess their hiring parameters and workforce recruitment process. Trends like virtual and social media hiring, working from home, seeking digitally aware candidates, remote hiring etc. are here to stay. The movement from more traditional to digital tools and techniques of hiring is imperative.

If your organization has still not gotten smarter, now is the time!!

Hire the best fit with an AI-based Intelligent Resume Parser and create a strong workforce for your organization.

RECRUIT WITH CONFIDENCE. GO SMART. GO HONO.

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