Talview: Bridging the Talent Gap

The HR industry has adopted a tremendous amount of technology over the last few years to drive efficiency and intelligence. Despite such massive investments, the time to hire a candidate is going up and the talent gap is increasing. The average time to hire has increased by almost 50% and 83% of employers have had difficulty finding suitable candidates.

At the same time, candidate preferences are changing. More people are working remotely, prefer flexible hours and are more aggressive in looking for new opportunities. Consequently, companies have to interview and assess more and more candidates to address the talent gap and meet their recruiting needs. With the best candidates being available for only 10 days on average, managers are facing increasing pressure to hire quickly without sacrificing efficiency and quality.

As a result, organizations are expanding beyond traditional sources and methods of recruitment while trying to standardize the hiring process. There is a huge demand for tools that can bring intelligence and automation to the HR workflows and drive this shift in the industry.

“As we scale, our organization is looking for new sources of talent. Talview enables us to work with candidates all over the world” — Customer

Instahiring

To drive this transition, Talview has developed an ‘Instahiring’ platform that enables organizations to quickly filter through any number of candidates while maintaining quality, ensuring cultural fit and taking candidate preferences into account.

The platform has a number of components to deliver an ‘Instahiring’ experience to its customers

• Custom Assessments — The platform lets recruiters create and manage detailed video assessments, which are customized for each role, organization, and region. This lets Talview deliver deeper insights and find a better fit than existing solutions. Over the last 2 years, Talview customers have created over 8000 unique assessments.
• Automated and Asynchronous Engagement — The assessments are taken by candidates in a completely automated way and asynchronously without the need for an interviewer. The system supports various communication platforms and even network failures
• Analysis tools — The Talview platform provides tools like cognitive remote proctoring, automated analysis, cognitive assessments, and rich simulations all help in providing an accurate and detailed assessment
• Intelligence — The core of the Talview platform is the intelligence that it delivers. The system uses AI, computer vision and natural language processing to create models for each customer that improve in accuracy as more and more assessments are performed. This enables customers to identify the right candidate at the right time in a very efficient way.

The platform can be used not just for new hires but also for existing employees through training, certifications, performance evaluations and help manage career growth across the organization.

“We are seeing a 60% increase in the quality of applicants and candidates love using the platform.” — Customer

Talview

This Instahiring approach has enabled Talview to show amazing results with customers. The AI has achieved over 95% accuracy compared to human interviewers and reduced time to hire by nearly 60% for organizations such as Cognizant, Enel, ZS Associates, and Unicef.

But what is even more exciting is that the platform has built an incredible data set that tracks the candidates' skills and preferences across jobs irrespective of whether the candidate was hired. The ability to assess remote workers and automate the process has enabled Talview to capture vast amounts of data. This information enables hiring managers to automatically reach out to passive candidates for new roles without the need to reassess them. Such passive candidates represent a huge portion of the workforce and Talview further improves the efficiency and accuracy of the hiring process by intelligently activating this group.

“Talview helps us get to the right candidates faster and more efficiently along with huge cost savings.” — Customer

Team

At Storm, we are thrilled to join Talview on their journey. The Talview team has deep expertise in the space and has built an incredible solution to bridge the gap between demand and supply for talent while increasing efficiency and fit for all parties.

You can learn more at their website. Follow them on Linkedin, and Twitter.