During the past two decades, the advancements and breakthroughs in technology, the accelerated innovation and extensive economic growth had led to the emergence of novel business sectors, new opportunities and shifts in consumer behavior and demand for goods and services. What’s more, the utilization of digital technologies and digitized data has impacted and transformed the ways in which the work gets done. As a result, the labor market is rapidly changing and numerous new career opportunities and professions are appearing on the forefront. Yet there are plenty of shortcomings and bottlenecks that organizations experience while trying to find the right candidates for their business:
- Finding qualified personnel is one of the most pressing challenges
- Recruitment is time consuming, cumbersome and expensive process
- CV screening requires long hours of manual work
- There’s huge number of staffing agencies that charge hefty fees
- Candidates dissatisfaction caused by lack of feedback and poor job seeking experience
- Obsolete practices and failure to employ new technologies
- The unemployment rates are going through the roof
We are witnessing how the global economy is entering into the biggest downturn since the financial crisis since 2008. The economic activities and production outputs are shrinking, many SMEs are going bankrupt, the overall consumption is plummeting due to the economic and societal crisis caused by the COVID-19 pandemic. Millions of people worldwide are losing their occupations and income.
According to ABCNEWS, the U.S. economy lost a staggering 20.5 million jobs in April, pushing the unemployment rate to 14.7% according to data released Friday by the U.S. Bureau of Labor Statistics.
The First Job Platform Leveraging Blockcahin & AI
In order to address one of the fundamental challenges that businesses encounter these days — finding qualified employees, Ispolink is introducing a a full cycle matchmaking job platform that simplifies and enhances the hiring processes, harnessing cutting edge technologies — Blockchain and AI to enable cost and time efficient in-house recruitment.
We aim to empower businesses that operate in the blockchain and IT Industry to source and attract top talents by offering them a comprehensive set of tools to manage in-house the whole recruitment process efficiently — including screening and selection, carrying out different stages of interviews, assessments and evaluations which can be executed within the platform. All of this can be seamlessly managed in the company dashboard panel, that ensures smooth transition between the stages, improved visibility for the internal stakeholders, streamlining of the hiring process and automation. In this way, organizations would be able to take full control over their hiring processes and greatly improve their flow of information, the assessment and selection of prospects without outsourcing this crucial job to third parties.
Ispolink’s Solution
We believe that it is of paramount importance to allocate and attract human resources efficiently as they constitute the biggest asset that companies may have.
- We streamline recruitment processes by automation
- We aid you to source candidates on your own via AI
- We save you money and help you hire faster
- We enhance your brand image by ensuring 100% feedback to candidates
- Decentralized blockchain payment system
What does make Ispolink Stand Out?
Competitive Advantages
Ispolink is the world’s first job platform to integrate built-in blockchain payment system to ensure immutable, instant and robust of purchases services and exchange of value in the platform. The decentralized payment system is based on the Ethereum protocol, powered by a native ERC20 stanrd token — Ispolink (ISP).
Verified Education on the Blockchain
Nowadays, another vital problem is the increasing number of individuals that are falsifying their resumes in order to impress the potential employer and get the job.
Ispolink is offering a perfect solution by verifying the authenticity of degrees on the blockchain. Essentially, Ispolink is going to collaborate with educational institutions to confirm the issuance of degrees by putting them on the public blockchain ledger, which is going to serve as an ultimate proof of truth. Ispolink will pass the given degree to the given education instituions, and the particular University will cryptographically sign whether the given claim/degree is valid or invalid. The output of this verification is stored on the public blockchain. 3rd parties will be able to verify whether the claim was originally signed by the institution by checking the public key of the University.
Machine Learning matchmaking algorithm
We utilize ML to source and match suitable candidates with unparalleled efficiency. We use NLP which stands for Natural language processing. We’re going to train our models to extract information from the CVs of candidates using Lexical semantics and Grammar induction that gets matched against the existing pool of job seekers, suggesting the candidates that best correspond to the required skills and experience. In other words, we are redefining the established model — companies will be able to apply directly to candidates.
Automated CV Screening
On average a recruiter spends about 14 hours to screen resumes. In order to save valuable resources to companies, Ispolink is automating the screening process. For instance, when individuals apply for particular vacancies, our algorithm will perform the screening and determine the percentage of match rate relevant to the vacant role. On the flip side, when the person searches for job vacancies on the platform, they will be sorted out in relevance to the individual’s competencies — a percentage of match rate would be displayed in order to aid the jobs seeker to identify suitable roles. This feature would further enhance the quality of applicants as users are unlikely to apply to positions ranked with a low percentage of match rate.
Referral based system
Referral based system will be used to scale and grow the platform globally — for each successful referral that has been registered and hired — a commission is being paid out.
Video resumes
This feature will provide job seekers a unique opportunity to stand out and impress their potential employers. Instead of proceeding with a standard resume, each user could record a short video and share one’s qualifications, passions and professional goals. In addition, the video resume enables the job seekers to demonstrate their strengths, communication skills and personality that would provide a better overview and assessment criteria to the employers
Instant Feedback — we ensure 100% feedback to candidates which means no more stress and no poor experience.
Ispolink is developed for the job seekers in mind as it’s designed to enhance their overall experience by reducing the prolonged job searching, the endless waiting for feedback, coupled with convenience to receive the best offers with only a few clicks.
Important Links:
Website: https://ispolink.com/
Whitepaper: https://ispolink.com/Ispolink_Whitepaper_v1.pdf
Linkedin: https://www.linkedin.com/company/42473350
Twitter: https://twitter.com/ispolink
Email: contact@ispolink.com
