Why did we enter?
Coronavirus has caused the biggest spike in unemployment since the great depression of 1929… employment in certain industries have completely ceased and many SME’s are being put out of business. SME’s account for > 74% of employment across the EU. Currently there are 2.9 million active jobs on the EURES ( European job mobility platform) website with only 206,000 job seekers CVs on the site and 15,000 companies. The biggest pain for jobseekers is the difficulty of the CV build process for anyone accessing EURES – this is a very difficult process CURRENTLY this is a 10 STEP Process.. Using Allsorter.com – we can convert this to a 1 step process making it simpler and faster to create a profile that can be searched by hiring companies and jobseekers in a simple to use platform.
Our Solution
A dramatically improved jobs and people marketplace for Europeans using the work Allsorter.com has done to create the world’s most advanced resume transformation system.
Impact of Talentmatix
Post Covid-19, Job applications will flood organisations, making for a labour-intensive detection of suitable candidates; often left to search further afield, outside the EU, for what they need; leaving a massive challenge for both EU citizens & organisations. Present technology is not serving the market effectively. Our innovative approach to solving the bottleneck between jobseekers & job vacancies sets us apart. Our disruptive platform uses AI & Machine Learning to accurately & without bias, match candidates to roles, and build CVs that are easily matched by automated systems in hiring companies. Our vision will create a scalable solution to empower EU citizens to maximise their career potential. Talentmatix will lower current & future unemployment, initially in Europe, and Globally.
Our company Allsorter specializes in extracting information from resumes independent of the format of the supplied resume. We utilize a combination of NLP and Artificial Intelligence to correctly identify skills of all types (technical, soft skills, languages and hard skills) and can use this information to match an individual to a job and even rank candidates by suitability.
More information on Allsorter can be found at http://allsorter.com
Our Solution Approach:
Show the world the simple and easy to use CV uploader and transformer into the Europass CV used on EURES available in the world 1) Businesses
a) Market to companies to easily upload jobs with immediate match and ranking of suitable candidates b) No fees to enter
2) Jobseekers
a) Every jobseeker needs an impressive CV that can be easily matched by companies using parsing technology. We will give our CV transformation service free of charge so they will join EURES and get immediate value. Viral marketing through social media and the world’s largest staffing CRMs partnered with
Talentmatix Users?
• Jobseekers looking to have a new resume for applying to job adverts
• Companies hiring in the EU to match skills to open jobs
• The EU through the EURES platform which will be improved if Talentmatix is adopted
Scalability There are only 206,000 jobseekers on EURES with 2.9 million open jobs currently, post Corona the numbers of unemployed in some states will peak at 25% and are expected to halve by Q2 2021 creating a massive supply and demand swing. Unemployment in Europe could nearly double in the coming months, with up to 59 million jobs at risk from permanent cutbacks as well as reductions in pay and hours because of the coronavirus pandemic, estimates from consultancy McKinsey said. Half of all jobs at risk are in customer service and sales, food service and builder occupations. In Europe’s wholesale and retail sector, 14.6 millions jobs could be threatened, 8.4 million jobs in accommodation and food and 1.7 million in arts and entertainment.
How have we built our solution?
Our platform is already built and being used by companies all over the world. We have leveraged our platform to create a customer friendly interface to reduce the bottleneck between hiring and being hired. Our platform is constructed using: Java, Lucene, PostgreSQL, HTML5, JavaScript, CSS3
Our approach was:
1. Identify a real problem affecting businesses and jobseekers access jobs and experience across the EU
2. Show the complexity and difficulty creating the Europass CV required to be searched on EURES
3. Demonstrate how Allsorter.com can help, speed up and enhance the process for all EU Citizens
4. Add value for businesses with search and match capabilities in real time
5. Promote the simplicity of our approach
6. Seek follow on support to implement for the greater good
Our MVP (MVP):
TALENTMATIX 1 (CV Transformation), has been successfully commercialised, marketed under the trade name Allsorter.com. We have added value to recruiters and jobseekers with our CV Optimisation. This aspect of the solution extracts, annotates, and optimises CV data, using our machine learning and natural language processing algorithms. Data is presented in a customer- defined template which indexes all skill data while maximising the presentation of their skills.. We have changed the game already in Phase 1 of this digital transformation project.
This product relates to the following two phases of development, TALENTMATIX Phase 2 (Search, match and rank) and TALENTMATIX Phase 3 (Skills GAP Analytics) as well as continuing to work on the full integration of all features
TALENTMATIX 2 (Search, match and rank) – TRL 7 TALENTMATIX searches and ranks candidates by closest fit (historical searches) An engine which can generate a ranked shortlist of candidates from a pool of CVs.
Our current status: • Business Concept for MVP completely defined • Frontend of the MVP almost finished • First contact with the European Commission has been made • Social media channels opened • Channel partner identified • Branding concept has been created • Plan for the rollout ready
What did we achieve during the Hackathon? Design • Refinement of the design and stucture of the POC
Development: • ESCO taxonomy utilised • Lucene indexation for maximum search capability • Business model and organisation:
• Conducting initial tests of the prototype with users
• Completion of the development team
• Filling the social media channels with initial content
What's next:
• Completion of the front-end • Adaptation of the back-end (decide on E-Commerce Backend Framework to integrate) • Completion of the mobile-App • Refinement of the marketing strategy • Clarification of legal issues, GDPR and data protection • Create guidelines for users
Aim of the Team from this collaboration
• Creation of a Europe where Decent work and economic growth is available and accessible to all, with future proofed planning around Industry, innovation, and infrastructure- ultimately leading to Good health and well-being for all citizens
Best wishes,
The Allsorter.com Team
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