FORMCEPT transforms Recruitment using Big Data

FORMCEPT transforms Recruitment using Big Data

More than 500 years ago, the first CV was prepared by Leonardo Da Vinci 1. Since then there has been a significant transition; from traditional paper resumes to electronic resumes and of late, video resumes. Resumes have been moulded into different forms to appear more conspicuous.

In this innovation driven era, even with rapid technological advancements, human capital remains the most precious resource for any organization. Right from recruitment of the right candidate to training, development and retention of the best employees has become increasingly cumbersome for HR managers across organizations. It has come to the fore that lack of visibility rather than lack of talent is proving to be the hindrance for the recruitment industry that has the market size of $400 billion globally 2.

FORMCEPT has developed a first-of-its-kind product HR Intent that will enable recruiters to optimize their hiring process. It helps the recruiters to find the ‘Best-Fit’ for a particular job description from a large pool of candidates. The product can also be used by the candidates to generate an eye-catching resume Infographic that can be shared with the recruiters and friends.

HR Intent is built on top of FORMCEPT’s Big Data Analysis platform – MECBOT. Listed below are some of the key features-

Resume Infographic
Figure-1: Resume Infographic highlighting Experience, Education, Skills, Location and Event Line

1. Extract information from a variety of file formats
2. Event-line representation of various events in the area of Education, Experience, etc.
3. Profile enrichment using state-of-the-art extensible KnowledgeBase
4. Generate Resume Infographic
5. Job Description based Search
6. Side-by-side comparison of more than one resume
7. Search for candidates using simple plain English

HR Intent automates all the steps involved right from the collection of resume to its delivery to the right team within the organization. A recruiter needs to do just upload the Job Description through the Intent and specify the pool of resume. The system then identifies the right candidate and also provides a mechanism to compare the candidate side-by-side using the event-line [Figure-2]. The automated extraction and filtering of the resume based on the job description, not only saves cost, time and effort but also expedites the entire recruitment process resulting in faster go-to-market for target products.

Resume Comparison
Figure-2: Event-line with different sections, like Education, Experience, Projects, Achievements etc.
(shown with different colors) and blocks representing an event for the corresponding section

HR Intent also generates an Infographic for each resume that contains an event-line highlighting the major events under education, experience, projects and achievements giving a bird’s eye view of a candidate’s profile. In addition to the event-line, HR Intent can easily scan and categorize “keywords” and “buzzwords” to specific domains like Finance, Business, Agriculture and more using FORMCEPT’s Knowledge Base.

Candidates too can utilize the HR Intent to make their resume visually appealing [Figure-3]. They can upload their existing resume and generate an Infographic for the same. The built-in analysis tool also provides an instant feedback to the candidate by citing the gaps and skills to be focused on.

Candidate Infographic
Figure-3: Compact overview of resume displaying Event-Line on the left, Event-Distribution on top and Profile-Distribution across different sections at the bottom

By utilizing the patent-pending analysis technology underneath, HR Intent empowers the recruiters to perform their tasks efficiently by simplifying the entire recruitment process. To know more about HR Intent, please visit: www.formcept.com/hr

References

  1. The 500-Year Evolution Of The Resume, http://www.businessinsider.com/how-resumes-have-evolved-since-their-first-creation-in-1482-2011-2, February, 2011
  2. The Turning Point: A promising outlook for the Indian HR industry, http://www.peoplematters.in/articles/learning-curve/the-turning-point-a-promising-outlook-for-the-indian-hr-industry, January, 2013

Disclaimer: The blog uses the public profile of Pranav, Kaustubh, Guhesh and Deepa only for demonstration purpose. Other than this blog, the names are not being used for any other purpose except inspiration