Recruitment Goes Digital

Vikram Wadhawan, Founder & CEO, Vasitum explains how technologies like AI, ML, chatbots are helping recruiters in the changed dynamics during the pandemic

How can AI based recruitment platforms help companies in automated resume screening during COVID-19 pandemic?

Although quite a few organizations are slashing their headcount due to COVID-19, many are sticking to their hiring plans. As the wheel of commerce has started to grind again, companies are witnessing abundant applications against each vacancy, which makes it humanly impossible to scan through every single resume. That is when AI platforms kick in. They do the keyword matching and learn from your hiring patterns to identify the best candidates who fit your needs. This wayRecruiters only spend time screening through qualified candidates.

What are the new dynamics in HR that have emerged in the current pandemic situation and how can Vasitum help take care of these?

Organizations are striving to keep their operations going with a limited set of people in the workforce. Business expansion plans have now become Business continuity plans and people are accelerating the use of automation – something that they previously feared of taking their jobs away! They have realized that remote work is a long-term blueprint and have started to incline towards automation to multitask and handle the demands in a cost-efficient manner. Vasitum thrives on AI and automation. It automates all the mundane hiring tasks and frees up bandwidth for recruiters so that they can focus on what matters more.

What are the skillsets in demand during these times?

This outbreak has left almost every organization high and dry. Hiring Managers and CEOs are now focused at making their company resilient to future pandemic and uncertainties. Thus, technology skills top this virtual list. AI, Big Data, etc. are the most sought-after skills. Besides this, Coronavirus has pushed organizations to go digital. Hence, an applicant with good marketing and digital skills would immensely help products to build a brand and create a loyal customer base.

How do you provide an interface between the recruiting industry and academia?

Campus hirings require aggressive, creative, and comprehensive approach especially when large organizations visit a campus to make bulk hiring. Vasitum comes across as an effective and efficient tool for high volume hiring. It not only offers employers to set up a dedicated career page but also automates resume screening so that they only invest in top of the funnel talent.

How extensively does Vasitum use AI, ML or chatbots in its operating model?

Our platform leverages AI all the way from top of the hiring funnel through to the moment of hire. From the start of the process, our chatbot – Vasi sources ideal profiles and passive candidates for the job and pre-screens them for the role. Furthermore, you can automate your interview scheduling process and champion candidate engagement without even actually interacting with candidates directly. That’s how we empower our recruiters to become super-recruiters.

What are the Vasitum differentiators against other recruitment platforms?

Market is full of reliable technologies, job aggregators, and HR Management Systems to help recruiters but despite these existing solutions, the ecosystem still remains broken. Owing to our decades of experience in the HR industry, we knew the friction points of a recruiter’s job very well. Recruiters jump across emails, spreadsheets, and job boards to manage and track their applications. With Vasitum, we offer a full-stack recruitment solution that is driven by AI. So, you get everything in one place topped with the power of Artificial Intelligence. We automate all recruitment activities and bring transparency in the hiring process to the forefront.

How do you ensure candidates’ privacy?

Candidates’ privacy is massively important for us being ethically responsible as a company and to ensure trust with our users. Our algorithms do not use PII (personally identifiable information), thereby preventing any discrimination or trace of an individual’s identity. On the goal of getting the GDPR compliance, we make sure no data is exposed or shared with any external source. Users get to select what information on their profile they want to share with other verified users.

What is Vasitum’s business model?

Vasitum is a B2B2C business model and provides a SaaS based subscription for organizations looking to hire. The system is designed in a way that you only pay for what you need. We offer customized solutions tailored to a specific employer’s needs.

What are the solutions and services under the Vasitum Portfolio?

Vasitum offers a holistic recruitment solution that automates the entire hiring lifecycle and delights candidates. We provide with tools recruiters need to discover better candidates, sooner.

Some features that we boast of are

• Our AI-chatbot Vasi that pre-screens candidates and engages with them at all the touch points of the hiring process

• AI-powered job and candidate recommendations that match the right talent to the right opportunity and stack rank them weighed by the custom criteria.

• Passive candidate sourcing and engagement

• Automated assessments and interview scheduling

• Bulk resume upload so that you can put your collection of resumes to work and create your own talent pool on Vasitum.