Case Study: HR Tech helps staffing firm attain efficiency
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Transcript of Case Study: HR Tech helps staffing firm attain efficiency
Increasing possibilities with HR Tech
A case study on how HIREalchemy’s iParser helped a staffing firm attain efficiency through process automation
© 2016 EdGE Networks 2
Find your way through the presentation
Slide 3
Slide 5
Slide 19
: A few statistics in hiring
: Case study
: About us
© 2016 EdGE Networks 3
The talent war is raging all over the world.
Take a look for yourself:
© 2016 EdGE Networks 4
Staffing services supply about
8.6 million workers every
year each year
Demographic shifts are creating a diverse, multigenerational
workforce
91 percent of staffing firms
expect to see at least 10%
growth in 2016
Source: http://www.bullhorn.com/blog/2016/02/staffing-industry-trends-2016/, https://enlightenme.com/staffing-services/
http://thehiringsite.careerbuilder.com/2015/03/03/top-staffing-industry-trends-2015/
© 2016 EdGE Networks 5
The tremendous growth in our clients business
(a staffing organisation) required them to
create a robust database of resumes and
deliver timely results
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This meant that we had to develop a method
to read unstructured information found in
resumes online and do it in an efficient and
quick manner
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Here’s what happened…
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The problems they faced
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Downloading resumes received from various sources such as email,
job portal into a centralized repository.
Extracting candidate’s information such as Name, Email, Mobile, Work
Experience, etc. from unstructured resumes.
Parsing and matching the right candidate with relevant skills (external
candidates and internal profiles) to the client’s requirement
Delivering best-fit matches within the stipulated time.
Saving time and effort in allocating resources
© 2016 EdGE Networks 10
How we decoded it
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Experts at EdGE networks thought that the
issue could be solved using HIREalchemy’s
iParser feature
© 2016 EdGE Networks 12
How iParser works
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Reads resumes that
are in unstructured
formats
S.No Name Age Edu.
1. XX X P
2. YY Y P
3. ZZ Z Q
S.No Name Age Edu.
1. XX X P
2. YY Y P
1
Transforms them into
structured fields in a
database
2
Filters resumes based
on pre-defined
criteria
3
© 2016 EdGE Networks 14
How we implemented it…
© 2016 EdGE Networks 15
Steps Taken
The product was seamlessly
integrated into the client’s
existing system
How they helped
Email ids of all recruiters were
registered with an app powered
by iParser
The product was implemented
using an API which did not
require the existing systems to
be modified
Recruiters continued working
on a system they were
comfortable with
Attachments from emails were
automatically downloaded and
updated in the relevant fields in
the resume database,
The data resided within the
customer’s corporate
network, shielded from the
World Wide Web.
© 2016 EdGE Networks 16
HIREalchemy possesses self–learning intelligence
which means that the engine learnt from every job
adding to the accuracy of resume matches the
engine throws up.
© 2016 EdGE Networks 17
And we achieved great results!
© 2016 EdGE Networks 18
Resume database grew from
50000 to 1mn in 4 months
Increased Staff Productivity
58%reduction in hiring cost
All resumes received or sent by
email were downloaded, parsed
and uploaded automatically to
internal database.
Resumes downloaded from job
portals were parsed at proxy
level and added to the database
Resume matches
expanded by 4-5 times
Wider resume database and
automation
Better resume matches,
reduced cycle time and cost of
hiring.
Automations of
processes saved time
and increased
productivity
Better Search Result
© 2016 EdGE Networks 19
Who we are and what we doLearn more about Edge Networks and HIREalchemy
© 2016 EdGE Networks 20
About Edge Networks
© 2016 EdGE Networks 21
We are the Workforce Warriors.We believe in using the steel of data science to wield our influence in battling your toughest talent acquisition and
workforce optimization challenges.
To reengineer human resource management, we harness NLP algorithms and a powerful skill repository built as an
Artificial Neural Network.
Insights and predictions are our forte; we add an intelligence layer to HR systems that transform your
workforce.
© 2016 EdGE Networks 22
About HIREalchemy
© 2016 EdGE Networks 23
HIREalchemy is a combination of Natural Language Processing, Artificial Intelligence, and Predictive Analysis,
Predictive
Analysis
Natural
Language
Processing
Artificial
Intelligence
HIREalchemy
© 2016 EdGE Networks 24
HIREalchemy is a single platform for Talent Acquisition and Workforce
Optimization. Here are some of the features it offers:
Skill Analysis
Position Management
Geolocation
Powerful Search
Resume Analysis
Fitment Score
Learning Path
Wide Job Site Integration
© 2016 EdGE Networks 25
Connect with us now!
© 2016 EdGE Networks 26
Thank you