Recruitment becomes smarter & easier with Blockchain Intervention
To be successful, earn loads and be independent is a universal thought. Over the years, with new developments came new jobs, posts, domains, responsibilities, etc. Gone are the days when people flipped through the newspapers and checked the bulletin boards to make note of vacant jobs to apply. Today we have come all the way where anything and everything is done via phones.
Taking things digital solved numerous difficulties in a lot of areas. For instance, excel sheets replacing records, banking via the Internet, food and medicine delivery to the doorstep and the list can go on. Despite taking the recruitment process digital, a few complications and hurdles remained.
What are the current challenges and how to make it better?
A large pool of resumes to skim through:
52% of the hiring managers feel the hardest part of recruiting is screening candidates from a large applicant pool. Many a time, the candidates are passive job lookers or not even suitable for the job role. Manually going through the resumes and segregating them is wearisome, yet an important task in the recruitment process.
Feedback:
Communication between the job seeker and the employer must be instant. Having a conversation to be updated about the status of the candidacy or to get feedback is crucial. However, in the current system, there is no communication indeed when it is required the most. 80% of the candidates say they wouldn't reapply to the company which failed to update them about their candidature.
Bias:
Someone snitched your chance? Or you got favoured? It is heart-wrenching to miss something that you really want because of bias. It is intolerable to have any type of bias which pushes eligible and skillful candidates behind.
Prime Talent Chain intends to exclude the major challenges in the HR tech industry by providing an ecosystem that is automated. Using technologies like Blockchain, AI, Big data and Machine Learning to support their tools, they put forth a fast, cost-efficient, and an unbiased recruitment process.
The Prime screen tool of PTC is backed by AI / Machine learning for automated resume screening. It is one of the best innovations because it promises to drastically reduce the time spent on screening resumes. Not only that, PrimeScreen is programmed to ignore demography-related information, such as the candidate’s gender, race, and age, that may be contributing to unconscious bias during hiring.
Statistics’ source: Ideal, Lever
Follow Us:
Telegram : https://t.me/joinchat/Ij6yrkU2EnWDDQ1GgL83YA
Twitter: https://twitter.com/primetalentcoin
FaceBook: https://www.facebook.com/PTCprimetalentchain/
Instagram: https://www.instagram.com/primetalentchain/
Linkedin: https://www.linkedin.com/company/prime-talent-coin/