Recruiting firm Maven Workforce has recently launched their latest recruitment platform entitled Vasitum.
The heart of Vasitum's creation is an AI bot, Vasi, which manifests as an effort to bridge the gap between those scouting for talent and the ones looking for the best-suited jobs.
In the era of advanced technology, AI and machine learning (ML) has taken over all the industries. But in the HR industry, recruiters are still juggling over tons of resume and complicated hiring process thus losing productivity.
Annually, 6 million graduates enter the Indian job market, alongside 397 million employees.
The average open position receives more than 150 resumes
83 percent of candidates rate their job search experience is bad and poor, while 23 percent of employers report a loss of productivity due to wrong selection.
Moreover, 27 percent of companies say a bad hiring decision cost them three times over.
"Vasitum will bring about a tremendous increase in recruiter's productivity at the same time ensuring much better control and transparency for the job seekers. With 18 years in the industry, I was extremely familiar with the pain areas and knew that there could be a better solution for the recruitment lifecycle," said Vikram Wadhawan, Founder and CEO, Maven Workforce.
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