Online recruitment uses the power of the internet to match people to jobs. Fundamentally, it is about advertising vacancies on either job sites or corporate websites. At this very basic level it is particularly effective at getting a high level of response. While it may generate hundreds more applications than traditional print advertising, simply attracting more candidates is only part of the job. The current view is that truly effective online recruitment could be as low as 10% of the top blue-chip corporate companies. The real strength and power of online recruitment, when done properly, lie in harnessing internet technology to not just attract candidates but to deal with them too. In this sense it is also about streamlining the recruitment process -so busy HR departments can give a better recruitment service to their colleagues in finance, marketing, sales and manufacturing. Plus, it frees up more of their time for more value-added tasks.
However, because anybody in the world with Internet access could potentially see your job posting, you may be inundated with responses, many of them from unqualified candidates, and even worse, the achievements, qualifications, experience and aspirations that the candidates provide cannot be verified. You’ll have to take extra time that you may not really have to wade through each application. To avoid unwanted applications, you’ll need to be careful as to how you word your job posting and be as specific as possible about the job duties and the qualifications you’re seeking. Therefore, the verification of the information in CV is necessary.
The blockchain technology ensures that the verification activity only happens once and is stored securely and permanently for any recruiters that wishes to view it as long as they pay CVH to the applicants before they ask the permission of the applicants. The technology also eradicates double handling and processing by multiple verification providers.
Blockchain is a magnificent change agent for recruitment industry, a broker based industry. Blockchain can be put to great use in the recruiting sector because, after all, it is a broker industry. Now, Curriculum Vitae Chain, a blockchain based application, can assist in expediting the recruiting process undertaken by intermediaries unlocking valuable fund and time to be put to better use by employers in growing their business.
The whole team of Curriculum Vitae Chain believe that finding a dream role with your dream employer should be quick and easy. Equally, finding top talent should be quick and inexpensive. However, it is challenging, time consuming, and costly finding top talent, and the recruitment process is often frustrating for candidates and recruiters. And what’s more, having the credentials of an individual’s CV verified by educators or accreditors and former employers is of enormous benefit. Also, providing unbounded access to candidates or open roles reduces the time to find talent and employers, significantly reducing hiring costs, and increasing productivity. We will build an ecosystem based on Curriculum Vitae Chain, covering all fields in recruiting sector.