348: CareerBuilder Talent Discovery – A Machine-Learning, Automation Driven Platform
When thinking about CareerBuilder, you could be forgiven for automatically thinking of the company as an online employment website present in the United States, Canada, Europe and Asia. But this only tells half the story, the company has since transitioned to an end-to-end human capital solution.
When I heard how the firm is bringing high tech such as data science, machine-learning and AI into recruitment/HR, I had to get them on the show. CareerBuilder recently launched a first-of-its-kind talent discovery platform that is an expansion of its end-to-end solutions.
As HR turns to tech, this latest addition is reducing the time it takes to source job candidates from hours/days to a matter of minutes and providing an unprecedented level of speed and efficiency to recruiters. Talent Discovery is bringing data science, machine learning and AI to recruitment/HR, helping to get new employees in the door faster. CareerBuilder is also adding a new, robust onboarding offering via a strategic partnership with SilkRoad too.
CareerBuilder Talent Discovery is launching at a time when companies are facing an increasingly competitive hiring environment. A low unemployment rate and low labor force participation rate paired with a growing skills gap has created a significant talent deficit with severe implications for how a business will perform.
We designed Talent Discovery to solve real problems recruiters face every day so they can make better hires much faster. The idea of removing complexity, improving efficiencies and outcomes and providing an easy, intuitive user experience for all parties drives all of our solutions for the candidate and employee lifecycle. Matt Ferguson, CEO of CareerBuilder and co-author of The Talent Equation.
Half of the employers have jobs they cannot fill because they cannot find qualified candidates. Nearly 60 percent of employers have jobs that stay vacant for 12 weeks or longer, and the average cost HR managers say they incur for having extended job vacancies is more than $800,000 annually, according to CareerBuilder research.
I invited Scott Helmes SVP of Product Development at CareerBuilder onto the show to find out more about how technology is revolutionizing HR and recruitment.