The basic definition of a resume parsing software is an application program that converts a human readable format of a resume into a machine-readable format so that it can be processed according to various requirements of a company.
Several resume parsers work in line with top applicant tracking systems, and it’s a good idea to look for ways to analyze such software and figure out which one will best suit your business requirements.
How do you choose a resume parser?
1. Test it out: Begin by asking for access to the resume parsers you’re considering to test/buy. They will readily give you access to test out about 100 resumes. You can build a simple equation with the attributes you want to test or that are most relevant to the resumes you want to process and then add up the number. Compare the number with the number you got out of the other resume parsing software. Whichever gives you a higher number is certainly better for your business. That’s how you can verify the claim for accuracy.
2. Check how fast it is: While you have the precise data on how accurate the parser is, now, you need to test how fast it can process multiple resumes. A similar kind of analysis with the focus on time taken for the task will give you an answer.
3. Which company are you buying from: There are considerably few choices in the market available for you, and that shouldn’t deter you from doing your research about the enterprise. How long have they been in business? What clients have they served before? What are their old clients saying about them?
Also Read: Essential Features of a Resume Parsing Software
Next, think about how suitable their tool is for your business. Would it be easy to implement the solution for the kind of business you have or for your recruitment process, to be precise? Does the software work well for your business?
4. Cost: While comparing different providers, you must also focus on the cost of implementing the solution. At the same time, lifetime cost is significant. Moreover, various software vendors offer different pricing models like cost per resume or one-time cost per year.
5. Additional features: Look how the resume parser will integrate with other essentials of an applicant tracking system. It’s very likely that you may want to get the entire setup rather than just the parsing software. Most of the times, it comes packaged with an applicant tracking system already. Choose what you need and analyze.
Comparing different vendors is a great way to help yourself choose a good parsing software that can produce great results for your organization. To begin with, you can get in touch with Talentrackr team and test out their resume parsing software.
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