Creating disruptive technologies for the HR and Recruitment Industry
Author: Recruitment Smart
Posted On: June 10, 2019
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The 2018 HR technology disruptions report by Bersin by Deloitte has highlighted a trend of unprecedented capital investment and user adoption in HR & Recruitment industry. The capabilities of HR technology, by most companies, are being looked at as the conveyor of new business models and as a way to make HR and recruiting teams more strategically efficient. The disruptive technologies have given rise to a massive wave of upgrades with many companies replacing their core systems with cloud-based technologies & infrastructure which would seamlessly accommodate app and data-centric, network-based applications for HR.
Focus on bringing Disruptive technologies in Recruitment Industry
Recruitment Smart, a tech startup company based in the city of London, is on a mission to bring disruptive technology to the recruitment industry. Their key differentiator being the AI and machine learning capabilities to precisely match CV with exact job specification. It also has a capability of auto sourcing the best CV’s from databases like Monster, Dice, etc., which is ideal for corporate talent departments and recruitment companies, saving them endless hours of scanning and shortlisting. Recruitment Smart, by harnessing the capabilities of AI, can streamline and analyze video screens, resulting in a screening multitude of candidates in record time. The in-built evaluation system uses AI and neuroscience technology to analyze video interviews and collect data points, including their body language, intonation & verbal responses. The machine learning algorithms assess these data points and evaluate the candidate’s soft skill percentage and how likely they would be wisely able to use these skills in their jobs. Recruitment Smart’s involvement in designing and developing recruiting chatbots is quite unprecedented. Recruiting chatbots: a conversational agent leverages the capabilities of AI and machine learning to mimic the conversational abilities during the recruitment process without much human intervention. The chatbots can reduce the cost of hire by automating repetitive jobs like scheduling, answering general queries about roles and job application status, and letting the recruiters focus more on branding and candidate engagement. Recruitment Smart’s, since its inception, has forayed into the AI space and has been building software product and applications that could leverage the capabilities of AI’s machine learning algorithms to reduce HR’s operational cost and increase efficiency. The focus has been towards bringing out disruptive technologies. Its customized HR solutions, catering to all sorts of budgets and goals, enabling the development of an intelligent enterprise.