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| HRSMART
CHOOSES BURNING GLASS TECHNOLOGIES TO
SUPERCHARGE ITS ATSMART SOLUTION
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HRsmart Customers to Gain Access to Leading-Edge
Resume Processing and Searching
FOR
IMMEDIATE RELEASE
San
Diego, California (May 10, 2004)
Burning
Glass Technologies, the leading provider
of resume processing, screening, and search
automation, and HRsmart, a global provider
of web-based talent management solutions,
announced a strategic partnership today
to enhance the power of HRsmart's ATSmart
applicant tracking system platform.
"We
reviewed a number of possible technologies,"
said Don Chapman, Vice President of Marketing
at HRsmart. "We went with Burning Glass
because its solutions go far beyond anything
else that is out there in parsing resumes
and in matching candidates to jobs. I am
confident that our ATSmart customers will
find that these new features represent outstanding
value."
Through
HRsmart's partnership with Burning Glass,
ATSmart customers will now have access to
the world's most advanced technologies for
reading and extracting data from resumes
and for finding the most suitable resumes
for a job. As a result, companies deploying
ATSmart will be able to reduce dramatically
the time and cost of handling inbound applications
as well as the effort of screening through
unviable resumes.
"Companies
are receiving more resumes today than they
ever have before," said Matt Sigelman, Chief
Executive Officer of Burning Glass. "The
Burning Glass parsing and matching engines
will ensure that HRsmart's customers have
the tools they need to focus in quickly
on the best candidates for the job."
HRsmart
will deploy Burning Glass's leading-edge
ResumeXRay™ parsing tools to allow customers
to capture automatically the widest range
of resume facts with the highest levels
of accuracy in the industry. ResumeXRay™
processes resumes in a variety of major
document formats, including MS Word, HTML,
RTF, and plain text, so no matter how job
seekers send their resumes, there's never
any need for manual data entry. Unlike other
tools, Burning Glass captures far more than
just contact information, extracting employers,
positions, start and end dates, job descriptions,
skills used, education, and certifications,
among dozens of others. Resumes are then
returned to the user instantaneously in
a consistent order and format.
Through
its strategic alliance with Burning Glass,
HRsmart will also begin offering ATSmart
users unprecedented focus in searching for
relevant resumes. All applications are automatically
ranked according to their fit with the job
description. More than just a keyword-matching
engine, Burning Glass actually reads and
understands the job description so that
it can make matches based on inference and
context. These new Burning Glass tools also
put powerful search tools at users' fingertips
so they can derive greater value out of
their candidate databanks. Search based
on a job description written in plain English,
find more candidates who look like someone
you're keen on, or search for a term within
a targeted part of the resume. Burning Glass
ResumeSearch™ is remarkable in that it applies
patented predictive matching technology
to its scoring and search functions, enabling
ATSmart users to control what candidates
they see, using levers like distance from
job site, years of experience in a specific
job, level of education, or other defining
information.
In
client tests, ResumeSearch™ has proven up
to 4.5 times more likely to find the right
candidate for the job than other solutions.
And when the U.S. Department of Labor recently
evaluated technologies for reading job descriptions,
it determined that the Burning Glass solution
was nearly 50% more accurate than the next
best offering.
About
Burning Glass Technologies
Burning
Glass develops the world's most advanced
and effective solutions for resume processing,
screening, and search. Quickly deployed
and scalable, Burning Glass applications
have demonstrated an 80% reduction in cost
to screen resumes and are up to 4.5 times
more likely to find the right candidate
for the job than existing solutions - resulting
in faster time-to-hire and higher quality
matches. Built atop pioneering statistical
natural language processing technology,
Burning Glass data extraction tools operate
at the highest level of accuracy and detail
in the industry. Burning Glass controls
several patents in the fields of data extraction,
information interpretation, behavioral profile
generation, entity matching, and machine
learning.
Since
1999, Burning Glass solutions have been
used by major employers, recruiting agencies,
applicant tracking systems, and job boards
throughout North America, Europe, Asia,
and Australia.
About
HRsmart
Founded
in 1994, with offices in the US and Latin
America, HRsmart is a B2B Application Service
Provider (ASP) for the rapidly growing Internet
talent management industry. HRsmart provides
a fully hosted, network-delivered suite
of talent management software solutions
including applicant tracking, online recruiting,
performance management, learning management,
career development, succession planning,
employee referral, and job distribution.
HRsmart
supports a wide range of clients including
but not limited to the medical, retail,
manufacturing, financial, government, petrochemical,
and telecommunications industries. Many
companies, including Fortune 500 companies,
commercial public career boards and recruiting
firms turn to HRsmart for their talent management
needs. HRsmart is an IBM certified e-business
on demand (ebod) solution provider.
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