HireLakeAI Archives

Yashica Chopra
November 17, 2022
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HireLakeAI – Most Advanced AI-Powered Resume Parser

HireLakeAI is a free resume parsing online tool that processes CVs to gather information and organize it in a structured format. We’ll discuss why HireLakeAI is the leading resume parser in the market. HireLakeAI is a smart resume parser to screen, evaluate, and filter resumes based on thirteen parameters. It assists recruiters in processing thousands of resumes quickly and in identifying potential candidates for the job. The resume parsing software is flexible and scalable. It can be used by SMBs, MSMEs, large enterprises, and recruitment agencies. The software is a complete solution to speed up the initial screening stage when shortlisting candidates for a job. HireLakeAI uses advanced artificial intelligence and machine learning algorithms to deliver accurate parsing results from resumes with all the necessary entities. It is developed by experienced AI engineers and innovators with years of experience. This smart recruitment intelligence tool can assess each job applicant in three categories- communication skills, technical skills, and personality traits. In addition, it can match the resumes with the job description and create rank-wise summaries after the interviews. HireLakeAI is the most advanced AI-powered resume parser that offers end-to-end services to recruiters and HR teams. It assists at each stage of recruitment to streamline the process and make it more effective. Organizations can hugely benefit from using the HireLakeAI resume parsing tool. Our API can seamlessly integrate with the existing HR systems to collect, process, and share data. The tool can also predict the possibility of a candidate accepting the job offer based on behavior analysis. Benefits of HireLakeAI Resume Parser Free to Use HireLakeAI is a free resume parser that works online. It also comes up with a paid API plan with complete flexibility of usage. The free version can be accessed from the website by creating a free account. It takes a couple of minutes to get started. Bulk Resume Parsing Since resume parsing is the process of using software to sort data from resumes based on keywords and user-provided criteria, HireLakeAI can screen numerous resumes in a quick time. It is the best tool for bulk resume parsing using AI and NLP (Natural Language Processing) algorithms. Shortlist with JD Matching Use the JD matching feature to shortlist resumes with qualifications, experience, and skills to identify the right candidates. The tool works based on the input job description details you provide. Communication Skills Assessment HireLakeAI uses seven parameters to assess the communication skills of a candidate based on interview data. The AI algorithm reads their confidence levels to determine if they are suitable for leadership roles. Technical Skills Assessment Similarly, HireLakeAI can be used to evaluate the technical skills of the candidates provided in the resume. It filters resumes that don’t have the necessary technical skills for the job. Personality Traits Assessment The tool helps recruiters identify personality and behavior traits to determine if the candidate can work with the organization. It provides insights about whether the candidate is a good fit for the existing work culture. Clean Interface HireLakeAI has a neat interface that is easy to customize and use. HR teams can automate the process using the tool and stay up to date about the number of candidates on the shortlist, those interviewed, hired, and so on. API Integration Use HireLakeAI resume parser API to integrate it with third-party HR software like ZOHO, BambooHR, etc. It can also be integrated with online job portals like Indeed, Naukri, Monster, Hirist, etc. Save Time and Resources Use HireLakeAI to save time, money, and resources spent on recruiting. Work smart instead of working hard to streamline hiring. You can use the offer acceptance predictor to identify candidates more likely to accept the job offer and spend your resources on them. To Sum Up HireLakeAI is the best and most advanced resume parsing tool that fine-tunes recruitment by offering the latest features and services to simplify the process. It is versatile, flexible, cost-effective, and highly efficient. Try HireLakeAI for free today! Originally published on HireLakeAI

Kavika Roy
October 31, 2022
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HireLakeAI vs. Affinda vs. Sovren: Find the Best Resume Parsing Software

Parsing resumes using online AI-based software saves time, money, and resources for your business. Here, we’ll discuss the factors to consider when selecting an AI tool for recruiters and compare the features of HireLakeAI, Affinda, and Sovren resuming parsing software applications. Recruiters always have their hands full with tons of resumes. Accessing talent has become easy thanks to several online job postings and professional networking sites. However, the actual task lies in filtering the resumes to identify the best fit for the job. This takes hours and days as the recruiters go through hundreds and thousands of resumes. Close to 70% of recruiters agree that new recruiting technology is necessary to improve the performance of the hiring process. Another report shows that the top candidates are available in the open job market for just ten days. If you don’t reach out to them during this window, chances are high that you lose a potentially good candidate for the job. So how do you further speed up the process? Online resume parsing is the solution. Fortunately, there are more than 50 resume parsing software applications in the market. All tools promise to reduce workload and speed up the process. But unfortunately, not every resume parsing software is efficient or does what it claims. In this article, we compare the top three resume parsing tools- HireLakeAI, Affinda, and Sovren in order to assist you in choosing the best recruiting software for your company. To begin with, let’s take a closer look at the definition of resume parsing and the factors to consider when investing in a resume parser for your business. 📄 What Is Resume Parsing? Resume parsing is the process of using software to extract data from resumes and store it in a structured format. This format is usually in the form of tables and is easily understood by the HR team. It helps recruiters use keywords to search for resumes that match the job description and shortlist the best fit. It speeds up the initial screening process by using automated software. There are many free resume parsing software tools, while the premium ones are available for free and on a subscription basis. Resume parsing is mainly of three types- Statistical Parsing: This method uses numerical phrases like addresses, experience, work timelines, etc., for sorting is considered highly accurate. Grammar-Based Parsing: This method uses grammar rules to identify resumes with certain core characteristics. It may not be accurate as candidates use different writing styles. Keyword-Based Parsing: This is the most common and simplest method, where resumes are sorted based on specific keywords. Recruiters use skills and core competencies as keywords in this method. 💡 What to Look for in a Resume Parser? Resume parsing software has to be fast, accurate, and efficient. But what features sets the best parser at the top of the table? Here’s what you should consider when choosing resume parsing software. Multiple Format Support Resumes are posted in different formats like MS Word, PDF, HTML, RTF, JPEG, etc. Recruiters collect resume datas in CSV sheets or download video resumes from emails or directly from third-party platforms. The software should be compatible with a range of formats and accept input data with different extensions. Make sure to double-check that the resume parser can read the formats used by your HR team. Artificial Intelligence Keyword-based and grammar identification resume parsing methods are not enough. Today’s resume parsing software has to have a human-like understanding to deliver efficient results. Artificial intelligence and NLP (natural language processing) algorithms are fine-tuned to read resumes with greater accuracy and precision. You need software that uses advanced algorithms to deliver the results. Third-Party Integration There’s no point in using a resume parser if it doesn’t work with your existing systems. The software has to be integrated with your HRMS and ATS without issues. The best resume parsing tool is the one that is compatible with integration with all major HRMS. Taxonomies Library Can the software identify multiple versions of the same company name or the short forms of a degree/ course? The library has to be vast and regularly updated to ensure that the latest companies are added to the list and resumes in different word forms are automatically considered and shortlisted. Unbiased and Accurate Diversity and inclusivity are being given additional prominence in the current scenario. Is the software’s algorithm capable of being unbiased based on religion, ethnicity, race, nationality, physical limitations, etc.? Can certain fields be turned off to minimize bias and shortlist resumes based on merit? Processing Speed Since speed is the priority, test the software to determine the duration it takes to automatically collect data from resumes, auto-fill the sheets, and create tables for your recruiter to proceed to the next step. Try the free/ trial versions of different tools to compare speed and accuracy. Pricing and Budget You can find quite a few free resume parser software tools in the market. However, an established business or recruiting agency cannot rely on free software forever. You should choose a resume parser that provides your desired features and fits within your budget. Opt for the ones that offer customized pricing for convenience. 🥊 HireLakeAI vs. Affinda vs. Sovren Let’s compare the features of the top three resume parser software tools and their features. 🔶 Overview Using a resume parser, you can automatically collect data from resumes and present it in an easily readable format. The software can offer additional features and services that further assist recruiters in streamlining the hiring process. HireLakeAI HireLakeAI is a comprehensive solution to screen, evaluate, and filter resumes in bulk. Developed by DataToBiz, it is the latest resume parser tool in the market with an advanced AI algorithm. HireLakeAI offers solutions like Resume Parsing and Job Description Matching. The vision is to add more modules to make it a one-stop solution to handle all stages of recruiting. HireLakeAI aims to create a seamless and hassle-free recruiting system in your business, that too within the budget. Affinda Affinda is developed by a Melbourne-based company with global clients. Affinda resume parser is an

Mayank Wadhwa
September 29, 2022
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50+ Best Resume Parsing Software and APIs

Tired of manually going through hundreds of resumes each time you post a job on social media or job boards? Well, you’re not alone. Recruiters across the globe face this problem. However, there is a solution: a resume parser or a resume parsing software! But what is resume parsing, and how can it help? Read along to find out. This blog talks about everything from what resume parsing is, how it works and how it can help recruiters. In addition, you’ll find a curated list of the 50 most reliable resume parser APIs and resume parsing software. This way, you can compare different tools and choose the best based on your needs. What is Resume Parsing? Resume parsing is a process of extracting a candidate’s crucial information (name, email, experience, technical proficiency, etc.) from resumes using a resume parsing software or API. This extracted information is then displayed in a structured and more readable format which helps recruiters choose the right candidate for the job. How does Resume Parsing Work? Basically, the resumes are uploaded or automatically picked from job boards or emails by the resume parsing software. The tool then processes one or multiple resumes, extracting all the information you specified and presenting it in a readable format. Usually, resume parser API or software can be linked to your existing ATS, which puts all the information you need in one place. Why do you Need Resume Parsing Software? Here’s why: Saves Time If you have 5-10 resumes, you can quickly cycle through them and choose the one you see fit. But what if you have hundreds or thousands of resumes? Well, that’s when resume parsing software comes in. Using resume parsing software, you can bulk upload hundreds or even thousands of resumes and get all the information in a structured form. And some tools, such as HireLakeAI, match the most suitable resume with the job description, making hiring easy and time-saving. Better Candidate Experience Manually dealing with hundreds of resumes takes time. And this is equally inconvenient for the recruiters and candidates. Because recruiters have to deal with hundreds of resumes manually, candidates have to wait for quite a long time. And some candidates end up getting no response at all. However, resume parsing software allows you to process hundreds of resumes almost instantly. This helps candidates get prompt responses all the time, improving the overall candidate experience. Better Fit Hiring It can be an overwhelming experience for recruiters when they must go through several hundred resumes for a job role. And because of this, deserving and best-fit candidates are often ignored. However, with automated resume parsing, you can make sure every resume or candidate is considered. This way, you won’t miss any worthy candidate, and the likeliness of hiring a talented or better-fitting employee increases significantly. Best Resume Parsing Software and APIs 1. Sovren Sovren is a resume parsing software that’s not only fast but highly accurate. Compared to its competitors, it’s 10X more accurate and 5-25x faster. You can upload the resume in any format, and you’ll get structured candidate summaries on the other side pretty fast. Sovren comes with an API and complete SDK that you can integrate into your application or your website and enjoy its accurate and fast resume parsing. Pricing: There’s a free trial you can enjoy, but the paid plans start from $99/month (for 500 documents). And the price increases as the documents you parse increase. 2. HireLakeAI HireLakeAI is an AI-based one-stop solution for all your hiring needs, from screening candidates and evaluating them to finding the best candidates. Using HireLakeAI’s resume parser, you can extract the desired information from videos or documents and convert it into a more readable and structured format. HireLakeAI’s JD Matching helps you find and match the most relevant resumes for a particular job posting. This way, you can choose the right talent more efficiently. Pricing: You can try resume parsing and the job description matching solution for free before making the right decision. So, you have nothing to lose. For custom pricing, you can connect with the team. 3. HireXpert HireXpert is an amazing resume parsing software solution that makes hiring smarter, faster, and fairer. You can bulk upload CVs in different formats such as pdf, zip, doc, Docx, etc. And within seconds, the tool will extract the necessary information and display the job-match score streamlining the hiring process. Pricing: HireXpert offers free resume parsing. 4. TurboHire TurboHire is a complete ATS or applicant tracking system that offers numerous features such as job management, email management, scheduling interviews, and, most importantly, resume parsing. With just a few clicks, you can extract email, phone number, educational background, skills, and experience. What’s more, TurboHire allows you access to AI-enhanced information that helps you understand the candidates’ competencies. Pricing: While there’s a free trial, the paid version starts at $45/user/per month. 5. Inda.ai Inda.ai is a dedicated and advanced resume parsing software that uses document layout analysis (computer vision), language detection, and OCR to ensure accurate resume parsing or information extraction. This tool can extract information from resumes as well as other types of documents. Inda.ai supports formats such as doc, pdf, Docx, txt, odt, pptx, HTML, JPG, RTF, JPEG, TIF, PNG, TIFF, etc., and is easy to integrate. Pricing: You can schedule a demo to learn more about this tool and determine the pricing. 6. Freshteam Freshteam, developed by Freshworks, is an HR automation software that can make resume parsing pretty easy. Once you set it up, the tool automatically sources applications from different channels, parses the resumes, and populates the data into an easily readable candidate profile. You can then score or rank the candidates and proceed further with your hiring process. Freshteam also allows you to streamline onboarding, and off-boarding, manage employee data, and human resources workflows. Pricing: Freshteam has a 21-day free trial. And the paid version starts at a $71 platform fee/month plus $1.20/employee/month. 7. Zoho Recruit Zoho Recruit is an applicant tracking system that’s cloud-based. You can create job postings across

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