Engenium Creates New HR Industry Standard for Identifying the Best Candidates by Empowering Recruiters with HireReasoning
Engenium, Inc., today announced the release of HireReasoning(TM), its new concept-based intelligent information retrieval software for Human Resource and recruiting professionals.
Powered by Engenium's proven Semetric(TM) technology, HireReasoning sets a new HR industry standard by automatically identifying qualified candidates from unstructured documents alone, such as resumes.
Dave Copps, President and Co-founder of Engenium, Inc. said, ``HireReasoning is setting the standard for searching resumes at many leading recruiting organizations. In an economy where employers cannot afford to make a poor hiring decision, HireReasoning enables them to reduce hiring costs and time by more effectively finding the best candidates out of a reservoir of resumes.'' He added, ``As an embedded solution, HireReasoning enhances the value of existing applications, such as applicant tracking systems.''
``HireReasoning is the only technology that I have seen that can take the entire text of a resume as a query and instantly match it to both job requisitions and even other resumes,'' stated Derek Mercer, President of RecruitMAX.
HireReasoning is being used at such leading executive recruiters as Futurestep (A Korn/Ferry Company), in RecruitMAX's applicant tracking system, by staffing agency Enthusian, a joint venture of Accenture and industry giant Spherion.
Despite the evolution of electronic recruiting, resumes still remain the primary way of communicating information about candidates, such as professional experience and education. But for more than a decade, generations of electronic systems have failed to deliver the performance and results in searching and matching resumes to open jobs that recruiters require.
Engenium's Semetric technology and its first application, HireReasoning, solve those problems by going beyond traditional search and retrieval technologies and can improve productivity in all knowledge-based environments. ``Developed over a three-year period, Semetric derives meaning from documents regardless of their content, structure or language by mapping relationships between words in context, creating connective intelligence,'' said Copps. Semetric uses a unique blend of high-level mathematical models, including Machine Learning and Vector Space Modeling, to map relationships between each word and every single other word in large sets of unstructured documents, such as resumes. As a result, the exact words in a query do not have to appear in a document - only the concept -- to generate a match. In addition, Semetric requires no pre-written or user maintained logic, lists of words or associations since these are all dynamically derived from real-world documents.
HireReasoning is Engenium's first application powered by its Semetric technology. Designed for quick searching and matching of candidate resumes in any volume or format, HireReasoning instantly identifies the most qualified candidates without keyword searches, complex Boolean searches, data extraction or any special query language. HireReasoning matches job descriptions with resumes that share the same concepts and ideas. As a result, recruiters need no knowledge of specific industry jargon or job descriptions to search successfully.
HireReasoning is for corporate recruiters, executive recruiters, job boards, staffing agencies, HRMS vendors and any organization that is seeking a competitive advantage in identifying qualified candidates from the masses of electronic resumes. Engenium's new application is designed to be an embedded solution, and its API dramatically reduces implementation time to hours, rather than weeks.
HireReasoning from Engenium is available now. For pricing information, please contact the company.
About Engenium, Inc.
Engenium, Inc., founded in 1998 and based in Dallas, Texas, is a privately owned software developer specializing in creating connective intelligence solutions for individuals and businesses to extract concepts and knowledge from electronically stored information, and then to share that intelligence throughout an enterprise. Engenium licenses its software to be embedded in existing applications and is building a suite of knowledge management solutions for use in Human Resource systems, messaging and document management systems, portals, and business intelligence applications. The company's first targeted market is Human Resources, where its HireReasoning solution is offered to HR managers, executive recruiters, job applicant tracking services and others. HireReasoning empowers users to better leverage reservoirs of resumes, job profiles and related documents to manage human capital needs more effectively.
For more information, please visit www.engenium.com.
SOURCE: Engenium, Inc.