TurboHire: Solving Talent Industry Riddle with Core AI Solution
CIO Review|June 2020
TurboHire: Solving Talent Industry Riddle with Core AI Solution
According to a recent study, a medium-sized 3000 employee organization typically hires for 500 jobs annually. A Job Post receives 300 or more candidate application, thereby a medium organization receives whopping 150,000 annually.

Study further elaborates that about 80 percent of these CVs, i.e. 120,000 remain unopened by recruiters because of time constraints or urgency, whereas 70 percent of the jobs in the organization are repeat jobs. Meaning, organizations in 70 percent of the cases hire for new job which is same as previous job. However, organizations ignore 120,000 candidate CVs now lying inhouse and keep posting every position to Job Boards for sourcing candidate.

The question is ‘Why these 120,000 are not analysed before posting every job to Job-Boards?’. This is because candidate CVs hold unstructured data, and therefore reviewing the in-house CVs in short time is humanly infeasible.

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June 2020