We all know about the problems that exist in the staffing industry. Right from posting a job vacancy to hiring a candidate, the money involved is huge. Yet, 95% of companies admit that they recruit wrong people each year. So why aren’t the companies getting the best-fit even after spending lavishly? What are the loopholes?
Prime Talent Chain speculates the problem is not investing in the right candidates. There are always shortcomings, the candidates can be indecisive, can have a change of mind, an unfavourable environment etc. However, there are a few factors that can be noted during a recruitment process to avoid hiring the candidates who are not the best of all or someone who will potentially shift the job. The chances of recruiters missing out on the better candidates are high because of the tedious manual process. The current recruitment process is so sleazy that it risks the careers for job seekers.
Job consultancies add fuel to the fire by acting as an intermediate and slowing down the entire process. Over time, the number of these agencies increased and with that also increased the fees. The intermediaries, a slow and manual process are the major loopholes. So what is Prime Talent Chain doing about this?
Making the fullest use of the available advanced technologies like Blockchain, Machine Learning, Artificial Intelligence and Big Data, PTC envisions a fast, automated and cost-efficient recruitment system. Sourcing resumes from various platforms to screening the resumes for credibility, all the functions are automated. In addition, PTC introduces skill communities, a curated and immutable database. Once the vetting is completed, based on the skill set and location majorly and other parameters, the resumes are segregated to fr skill communities. This ultimately eliminates intermediaries and time taking processes. Recruiters can access the skill communities required, example, Research Analyst - Egypt, and recruit the best fit in no time.
The company will be starting crowdfunding very soon. Keep an eye on their website.
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