These Are the Benefits of Resume Parsing -

A business is only as good as its employees. Hiring the best people helps to drive your business forward within the hyper-competitive marketplace. Ensuring that the best candidates are selected for interviews and positions within your business is key to your growth.

Equipping your hiring staff with invaluable technology like a resume parser, which extracts information from a resume or CV. This benefits your business in a myriad of ways. In this post, we’ll take a closer look at what is resume parsing, its uses, and its benefits.

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What Is Resume Parsing?

Resume parsing is a technology used to extract and sort relevant information from a candidate’s resume. The hiring divisions of many companies use Applicant Tracking Systems (ATS) as part of their work. A resume parser helps to ensure that the information lodged into an ATS is both 100% correct as well as a much simpler and faster process.

A modern resume parser uses data science and AI to extract structured data from a resume, across a wide range of fields (more on that below). Once the relevant data has been extracted from a resume, it can be used for a variety of purposes. These include assessing the best candidates for a position, to adding a candidate to a business’s database.

Why Is It Useful?

With a resume parser, recruitment teams will able to easily populate candidates’ profiles and determine their suitability for particular roles. Candidates can be screened for positions based on pre-determined criteria. These include qualifications, experience, or skills. A recruitment team will also be able to search their applicant database efficiently to locate the best possible candidates for different positions.

Adding a resume parser to your business’s arsenal speeds up the hiring process. It also reduces the time it takes to contact a candidate about their application. This not only improves candidate and client experience but ensures that the best candidates are interviewed for a position at your company, rather than at another.

Benefits of Resume Parsing

Let’s look at three benefits of adding resume parsing to your recruitment process. Firstly, you can extract information from a huge range of fields per resume. Everything from a candidate’s personal details, work history, education, skills, languages, references, certifications, and much more can be easily extracted.

Secondly, as an automated process, you will save both time and resources with a resume parser. Extracting the data and storing it in an easy to navigate manner speeds up both current and future recruitment processes.

Thirdly, the data extracted from candidates’ resumes will be more accurate than with manual entry by employees. One error might result in the perfect candidate being missed and instead hired by a rival company.