7 Ways Intelligent Resume Parsing Benefits Recruiters

To any business, recruitment is a critical aspect of its success, as it sets the foundation for a strong workforce. With the right people, a business can make great strides towards achieving its goals.

Undoubtedly, this responsibility is not just confined to filling up seats — it’s also about finding the right person for the role, with the right skills, experience, and importantly, drive to contribute to the organization’s growth.

However, recruitment can be a time-consuming and complex process, especially when it comes to sorting through resumes. In today’s competitive job market, recruiters receive an overwhelming number of applications, making manual resume screening a laborious and inefficient task.

But what if there was a way to streamline this process and make it more effective? This is where intelligent resume parsing comes in.

Intelligent resume parsing is widely seen as a cutting-edge technology that relies on artificial intelligence (AI) to speed up and enhance the process of extracting data from resumes. This efficient and cost-effective technology has the potential to transform the recruitment process, saving recruiters and hiring managers time and effort while improving the accuracy of candidate data.

The benefits of intelligent resume parsing are numerous and far-reaching — from reducing manual data entry to facilitating faster candidate screening.

In this article, we’ll explore seven reasons why intelligent resume parsing is a game-changer for recruiters. Whether you’re a seasoned recruiter or new to the industry, this technology offers numerous advantages that can help streamline your recruitment process, making it more efficient and effective.

We’ll delve into the benefits of intelligent resume parsing, such as improved candidate matching, enhanced data management and organization, and increased productivity.

We’ll also look at how intelligent resume parsing can support diversity and inclusion efforts and provide valuable insights to inform future recruitment strategies.

1.Automatically Extracts Relevant Information

Manual data entry and editing not only eat up productive hours but also often require more hands on the deck as well.

Intelligent resume parsing automatically extracts relevant information from resumes.

Moreover, with recent strides in AI, the relevant information is automatically extracted, sorted, and often fixed if there are any small errors, eliminating the need for manual editing.

Simply put, intelligent resume parsing is a great way to save time, resources, energy, and money that could be productively spent elsewhere.

RELATED: 5 ways a resume management software increases productivity

2.Fast-track Candidates Screening and Shortlisting

Resume parsing has proven its mantle by improving efficiency in several ways. It allows recruiters to search through resumes more efficiently, using keywords and specific criteria to find the most qualified candidates.

One of the most significant advantages of intelligent resume parsing is that it automates the manual data entry process. With traditional resume screening methods, recruiters would have to manually copy and paste information from each resume into their database.

This process can be time-consuming and prone to errors, but with intelligent resume parsing, this data is automatically extracted and organized, saving recruiters hours of manual labor.

Given that intelligent resume parsing uses AI algorithms to analyze and extract essential information from resumes, such as job titles, skills, experience, and education, this feature improves the selection of candidates matched to a job requirement (see point below).

3.Helps Identify Top Candidates More Accurately

When employers screen resumes, the chances of biased judgments and errors increase significantly because of subjective judgments and unconscious bias.

An easy way to reduce human error is to analyze resumes for key skills, experiences, and required behavioral traits.

Therefore, AI-powered resume parsing is a great tool to add to any recruiter’s kit. It allows for easy and effective analysis of a number of resumes, enabling recruiters to identify top candidates more accurately based on key skills and experience rather than relying on a gut feeling.

4.Narrows Down Candidates Who May Be a Good Fit For Multiple Job Openings

There is a limit to how much a human mind can process. Thus, it is difficult for recruiters to consider one application for multiple job posts.

Wouldn’t it be ideal to have software that can consider each application for every vacant position?

The ideal scenario is not a fantasy anymore, especially with artificial intelligence’s leaps that have made resume parsing a reliable method for scanning all applications and matching them with any relevant matches.

Resume parsing can help recruiters identify candidates who may be a good fit for multiple job openings, saving time and effort in the hiring process.

*First published on Manatal.com.

*To read the full article, click here.

Manatal is an end-to-end recruitment and onboarding SaaS platform trusted by thousands of brands in over 135 countries worldwide. It is an AI-powered Applicant Tracking System (ATS) and Customer Relationship Management (CRM) tool that allows companies to hire faster, better and save costs.