The process is as follows:
- Resume sourcing algorithm to collect resumes
- The AI, blockchain and Big Data enables for preliminary background check
- Pair the resume to the right skill pool
- Hire from the cesspool of resume according the needed specifications
Current challenges in recruitment industry
- Large pool of resumes to search through
- Lengthy hiring cycles
- High cost of Hiring
- Lack of high-quality profiles set for the specific job
Current challenges faced by job seekers
- No feedback from employers
- Incorrect job descriptions
- Incomplete information about the organization
- Lengthy interview process
PTC is considered to be a game changer for the recruitment industry and plans to reduce hiring costs and time by more than 75%.