Edge brochure solutions
- 1. Today, intangible capital such as knowledge and human talent form a significant chunk of a company’s valuation. This has led to companies viewing their employees as value creators rather than as cost. However, organizations are grappling with challenges of sourcing and attracting the right talent and retaining them owing to acute competition in the recruitment market. Long hiring cycle time, ever increasing hiring cost, inaccurate matches, low ROI from Job Portals, attrition and offer drop outs, productivity loss, inaccurate demand forecasting, widening skill gap are some of the issues that impact revenue and profits. At EdGE Networks, our strength is in harnessing artificial intelligence and data science to solve the toughest talent acquisition and workforce optimization challenges faced by organizations. An efficient workforce management approach combines demand generation, skills repository, talent acquisition, allocation, learning and analytics to deliver robust talent connect. This is what we deliver in EdGE – an end-to-end AI driven solution for workforce transformation. We cater to a wide array of clients from large IT conglomerates to leading staffing firm. Our clients include Wipro, TeamLease, HCL and more. 2016 © EdGE Networks. All Rights Reserved. www.edgenetworks.in | 2016 NEXT-GEN SOLUTIONS FOR WORKFORCE TRANSFORMATION
- 2. 300% Increase in portal utilization through Auto-Sourcing 28% Conversion rate from recommendation to actual joinees 51% Reduction in allocation failures 58% Reduction in time taken to shortlist candidates 2016 © EdGE Networks. All Rights Reserved. www.edgenetworks.in | 2016 Our Offerings: Talent Acquisition: Our flagship platform, HIREalchemy, is a cutting-edge talent acquisition platform powered by artificial intelligence and data science that transforms the hiring experience. Using our comprehensive skills repository and machine learning algorithms (NLP and ANN), we create sharp job descriptions armed with pertinent keywords resulting in accurate resume matches. The platform auto-sources the right fit by parsing and analyzing both structured and unstructured information from internal database as well as external portals. It eases the process of selection as the platform throws up resume matches by scoring and stack ranking them based on business rules set by the client. The platform scans around 2,000 job descriptions and 50,000 profiles for external hiring, monthly. And, internally we process over 20,000 job descriptions and 150,000 profile scans on a monthly basis which not only enhances the intelligence of our self-learning systems but also enhances our skills repository for better pattern matching. This exponentially enhances the speed and accuracy of job fulfillment. What takes organizations over 15-16 days to fulfill leading to a loss of nearly $800,000-1.5 million is done in 8-9 days, saving millions of dollars for large businesses. Auto-source the right fit Score & Stack rank resumes Intelligent JD Profile Enrichment
- 3. Talent allocation Search & Match Custom business logic Intelligent learning path WorkforceOptimization:OurInternalWorkforceOptimization (IWO) solution, enabled by Data Science and Artificial Intelligence, helps transform workforce. It lets HR assess skills, train, and keep talent ready for deployment. With advanced semantic Natural Language Processing algorithms, our weighted search-and-match mechanism scores candidates, ranks them, and brings up the most relevant profiles from multiple databases. Using advanced analytics and machine learning algorithms, we profile resources, identify skills gap and chalk out Intelligent Learning path for each employee. Additionally, our system studies contextual information about critical talent and predicts behavior thereby allowing HR to determine necessary interventions. 4 Times increase in internal supply visibility 36% Increase in allocation via Hiring Manager 58% Reduction inDemand Cancellation 100% Profile coverage 2016 © EdGE Networks. All Rights Reserved. www.edgenetworks.in | 2016
- 4. ABOUT EDGE: TALENT ANALYTICS EdGE Networks is a next-gen HR technology solutions provider focused on helping organizations address their talent-related challenges. Our strength is in harnessing data science to enable HR functions lead with data and intelligence. A product innovation partner with National Skill Development Corporation (NSDC), our mantra is to make ‘Right person for the Right job’ a reality. For more details, write to us at [email protected] Our advanced analytics algorithms with predictive capabilities empower you with real time data topped with actionable insights that accelerates business decision making. Our statistical models provide in-depth relational and contextual analysis derived from rich data. 2016 © EdGE Networks. All Rights Reserved. www.edgenetworks.in | 2016 Flight risk: By co-relating reasons for attrition to employee engagement, performance and other data, we could help you predict staff attrition. Our analytics and insights saves you millions of dollars spent on retention and attrition by helping you identify timely interventions, plan replacement and manage cost. Demand Optimization: We apply advanced mathematical models on large sets of historical data to study patterns and know the likelihood of a job requirement getting fulfilled internally. Our models help the hiring manager determine the probability of cancellation, marked to external or overdue based on past trends. Additionally, the model throws up related job/skill requirement options with probability scores allowing the hiring manager to choose the best option based on his/her need. Demand and Supply Forecasting: Our robust predictive models encompassing business plans, pipeline, resource pool, productivity, attrition, demand and supply volatility provide you with accurate forecasts. This improves resource management, bench optimization and utilization thereby impacting the balance sheet. Joining probability analysis: With demand far exceeding supply, offer drop outs has become a business menace. With our accurate analysis, we build a probability score for every candidate as an indicator of joining probability. We also help you identify the characteristics of candidates who are likely to renege. Resource Optimization Increased RevenueBusiness Agility