Finding a job is not always simple.
You could invest weeks in your job hunt and still not find the perfect opportunity. One that’s in line with your skill set, offers compelling pay and is also an excellent cultural fit.
Job seekers are not the only ones facing this problem. Employers also find it extremely challenging to find good people. Companies have substantial resources at their disposal for recruitment – in-house talent acquisition teams, external recruiters, talent search software. And yet, according to SHRM’s Human Capital Benchmarking Report 2016, it takes companies an average of 42 days to fill an open position. Moreover, hiring is an expensive process and according to the same SHRM Report, the average cost of hiring one employee is $4,129.
Despite all the resources job seekers and companies have at their disposal, why is finding the perfect job so complicated? That’s because the job search process has several challenges – for both parties.
Finding a Job is a Full-Time Job
How do you begin your job search? You sign up for a few job sites, type in a few keywords about your role or domain and go through the search results. You also sign up for job alerts that get delivered to your inbox.
Sure, you come across thousands of listings. However, as you know, most of them are completely irrelevant for you and a large number are a poor match for your skill set. They are for roles that you have limited exposure to, are not interested in, are a few notches above or below your level of seniority, and so on. Job descriptions are also less than ideal, many of them containing too little information about exactly what the role entails.
Consequently, it takes an excessive amount of time to shortlist jobs that are a good fit.
Applicants then have to spend a lot of time and patience to go through dozens of listings and determine which ones are the best fit. Unfortunately, they can end up applying for as many roles as they can – including the wrong jobs.
This poses a substantial problem for recruiters. They get flooded with applications, most of which have zero relevance to their requirements.
The best tech employers get thousands of jobs applications a week! Since no team has the capacity to go through all those resumes, companies use Applicant Tracking Systems (ATS) – software that use keywords to screen resumes.
And what if your resume doesn’t have the right set of keywords?
No one even sets eyes on it! This reduces your chances of getting shortlisted for roles that would have been a great fit. And it also means that recruiters often overlook talent that could have been fantastic additions to their companies.
The Solution – Paysa Job Sense
Paysa Job Sense is a new tool that uses proprietary data science, machine learning, and artificial intelligence to help job seekers find the most relevant jobs quickly. Here’s how it works.
Job Sense Creates Your Career Signature
Head over to Paysa Job Sense and upload your resume to the platform. It’s free!
Job Sense scans your resume and identifies your key skills and generates a Career Signature.
Paysa Career Signature is a holistic picture of different attributes of your career – skills, roles, departments and more. These are represented as bubbles. The Career Signature uses percentages to depict the relative importance of each skill attribute.
Here is an example of a Career Signature of a Product Manager:
“We use our proprietary technology and algorithms that we’ve developed over the past 2 years here at Paysa to decompose a user’s resume into these occupational attributes and key skills,” says Zach Poley, Co-Founder & CTO of Paysa.
Job Sense Automatically Identifies Keywords
ATSs use keywords to screen applicants. Therefore, job seekers try using word cloud tools to identify keywords to include in their resume. The trouble with this approach is that you would have to customize your resume for every application – which is certainly not scalable. Besides, word cloud tools also generate a substantial number of irrelevant keywords and trying to include them can make your resume sound rather strange.
Job Sense uses AI to scan existing keywords in your resume to identify your key skills and create a signature.
Job Sense Shows you the Most Relevant Jobs
Job Sense shows you a list of jobs based on your Career Signature. There are a number of search refinement filters such as company size, years of experience required, salary and more.
Job Sense Provides Insights about Pay
Job salary ranges are provided for each job from our database of salaries across numerous companies and job titles, so that you don’t have to look elsewhere.
Job Sense Analyzes Job Descriptions
Job Sense doesn’t just use AI to analyze your CV. It also analyzes job descriptions to determine the nature of the role and other requirements. Our algorithm matches your resume to jobs, and jobs to resumes to display far more relevant opportunities than a traditional keyword-based search function in job sites.
We are working closely with ATS companies to make Job Sense more powerful. In fact, we have a tool for recruiters called Paysa Talent. This tool also leverages Job Signatures to identify the most suitable candidates for a particular role.
Job Sense Finds Hidden Opportunities
As you browse through listed jobs that match your Career Signature, Job Sense displays similar jobs. Clicking on ‘See more like this’ is an excellent way to discover relevant jobs that would have been tough to find through a legacy keyword-based search.
Job Sense Helps Create Better Resumes
How well does your resume represent your current skills and career goals? Certain aspects of your work history might be overshadowing your most recent experience and your intended career path.
For example, after using Job Sense, a user realized that her resume was skewed more towards her former sales background than her more recent experience in project management. Consequently, ATSs would pick up her sales background and she used to get more emails about sales job opportunities than for project management ones.
Job Sense can therefore reveal weaknesses in your CV. Rewriting your CV will help you get matched for far more relevant opportunities.
Find Better Jobs – Faster
This is future of job search – where AI does the heavy lifting and finds the most relevant jobs for you. You don’t need to spend weeks looking for the best opportunities any more. Head over to Paysa Job Sense to find the best jobs for you.