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

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: A few statistics in hiring

: Case study

: About us


The talent war is raging all over the world.

Take a look for yourself:


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/


The tremendous growth in our clients business

(a staffing organisation) required them to

create a robust database of resumes and

deliver timely results


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


Here’s what happened…


The problems they faced


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


How we decoded it


Experts at EdGE networks thought that the

issue could be solved using HIREalchemy’s

iParser feature


How iParser works


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


How we implemented it…


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.


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.


And we achieved great results!


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


Who we are and what we doLearn more about Edge Networks and HIREalchemy


About Edge Networks


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.


About HIREalchemy


HIREalchemy is a combination of Natural Language Processing, Artificial Intelligence, and Predictive Analysis,

Predictive

Analysis

Natural

Language

Processing

Artificial

Intelligence

HIREalchemy


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


Connect with us now!

https://www.facebook.com/edgenetworkspvtltd

https://twitter.com/EdGENet2day

https://www.linkedin.com/company/1761077


Thank you

Case Study: HR Tech helps staffing firm attain efficiency

Recruiting & HR

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