The new tool will help employers find the right talent from a database drawn from candidates’ activity on social websites.
Monster India has launched a new analytics tool, TalentBin. It facilitates recruiters to access candidate profiles aggregated from social sources across the Web.
Through this platform, the job portal claims to be able to find the ‘unfindable’ talent using a storehouse of actionable information and Web-based recruiting tools.
The new tool not only automates and streamlines the talent discovery process via automated site monitoring, interpretation and matching, but also simplifies and automates the recruiting workflow, allowing recruiters to do more in less time.
“The platform has an intuitive and specialised communication template assembling candidate profiles from publicly available online sources, limited to professionally relevant information. It is going to surely make the ‘unfindable’, found,” Sanjay Modi, managing director, Monster.com.
By harnessing the vast amount of professionally relevant information that people share across the social web, TalentBin makes potential job candidates surface by assembling profiles using current professional activities from relevant sites. By making sense of candidates’ social activities, and compiling those details into a rich professional profile, complete with contact information, recruiters can now find many previously undiscoverable candidates, including those not actively seeking new jobs.
Monster.com recently conducted a survey, in which 68 per cent of the respondents felt that it is extremely difficult or at least not easy to hire talent for niche skills (technology), and only 17 per cent said that it was either not that difficult or easy to find such talent.
Around 55 per cent of the respondents said their recruitment department needs 5 –10 man hours to hire a technology professional. To make it even more challenging, 72 per cent said that only 2 out of 10 of their correspondences with job seekers actually convert into hiring.
The company says that this prompted the launch of TalentBin, a platform that not only saves recruitment time but also offers a powerful pipeline and candidate interaction tracking.
Modi says, “Technical talent is notoriously difficult to access and recruit. Many are not active job seekers, and therefore, are unlikely to have uploaded a resume to a database or created a Web profile, which makes them ‘unfindable’. However, relevant talent is spending time online and leaving their footprints, demonstrating the professional skills that make them desirable candidates.”
“This makes way for recruiters to find the ‘unfindable’ in time and at the right place. Interestingly, our survey finds 87 per cent agreeing that there is a need for disruptive technology to find relevant talent. We need to look at augmenting the manner in which recruitment is approached”