Hiretual (https://www.hiretual.com), the AI-driven technology company currently used by more than 100K global recruiters from more than 250 companies, including Fortune 500 and globally-recognized brands, today introduced new Market Insights and Candidate Persona functionality to its AI-powered sourcing platform.
Creating augmented intelligence between human and machine, the new features give recruiters deeper insight into how Hiretual’s AI interprets their candidate sourcing search requests, enabling them to build a stronger talent pipeline and find the candidates they seek faster.
Market Insights immediately starts to populate a talent pool as a recruiter enters information and selects details about that talent pool, such as common job titles, skills, industries, locations, experience, and more. It also allows recruiters to build and export a report on the talent pool for a specific job search, helping them communicate the availability of talent to hiring managers. The new Candidate Persona functionality offers recruiters real-time insight into how the Hiretual AI is interpreting their candidate search request by revealing how the talent pool increases or decreases in real time depending on the titles, skill sets, and other search criteria the recruiter enters. Hiretual goes far beyond Boolean search, utilizing Natural Language Processing to understand the intent of each candidate search and then extending the search to include appropriate terminology associated with the intent. As a result, recruiters gain a greater understanding of how the AI is performing and how the inputs they enter impact the talent pool size for a specific candidate search.
“Hiretual’s new Market Insights and Candidate Personas enables a type of ‘augmented intelligence’ between human and machine,” said Steven Jiang, CEO and co-founder of Hiretual. “This level of transparency will help recruiters better understand how AI-powered search operates and also empower them to create more successful candidate searches faster than ever before.”
The Market Insights and Candidate Persona functionality also displays context and terminology relationships to recruiters as they develop their AI sourcing task. This feature is particularly beneficial for recruiters who are new to the profession or a specific talent niche, as it aids in their training and development within the industry/profession in which they are searching, and decreases the amount of assistance they need from other recruiters and Talent Acquisition (TA) leaders.
How Hiretual works.
Hiretual’s AI-powered search functionality taps into the ‘dark matter’ of undiscovered talent and professional data on the web as it converts unstructured data from more than 700M profiles across 30+ platforms and the open web into rich, holistic professional profiles. Using this data, Hiretual ranks candidates by how well they match the requirements of a job, and automatically adjusts rankings for the next round of candidates based on user interactions – creating a Proactive Talent Pipeline that grows more precise over time. As a result, recruiters engage the strongest candidates first, improve hiring conversion rates, and save dozens of hours on every hire. Hiretual seamlessly integrates with a recruiter’s existing ATS (Applicant Tracking System) and CRM (Candidate Relationship Management), to refresh, enrich and re-discover candidate data, and also provides candidate contact information, email automation, and tracking to make the next step instant and measurable. Recruiters can easily keep track of their talent pipeline using projects, hiring stages, and also invite team members or hiring managers to participate in candidate selection.
Glassdoor reports the number one obstacle in the hiring process is a shortage of candidates, while GetAppLab’s 2017 survey revealed that more than 40 percent of recruiters report the biggest challenge they face is a shortage of candidates. Enterprises of all sizes are seeking passive candidates to fill open positions due to low unemployment rates and a drastic shortage of qualified candidates across a variety of industries, including AI, blockchain, healthcare, and others. According to the U.S. Department of Labor’s Bureau of Statistics October 2018 report, the current U.S. unemployment rate is 3.7% or 6.1 million, with seven million job openings.
Learn more about Hiretual’s new Market Insights and Candidate Persona functionality at https://www.hiretual.com.
AI-driven technology company, Hiretual is a Proactive Talent Pipeline and a recruiter’s best friend. Powered by a proprietary AI-matching engine, Hiretual enables recruiters to source and engage the strongest and most relevant candidates with the right skill sets up to 10 times faster, significantly reducing time to hire. Hiretual’s AI-powered platform converts unstructured data from more than 700M profiles across 30+ platforms and the open web into rich, holistic professional profiles. Using this data, Hiretual ranks candidates by how well they match the requirements of a job, and automatically adjusts rankings for the next round of candidates based on user input – creating a Proactive Talent Pipeline that grows more precise over time.
Currently trusted and used by more than 100K recruiters from more than 250 companies including Fortune 500 and globally recognized brands, Hiretual is a privately held company headquartered in Mountain View, California and backed by Northern Light Venture Capital. Follow us on Facebook, Twitter and LinkedIn, or learn more at https://www.hiretual.com.