Cangrade today announced the launch of its newly patented Resume Ranker (U.S. Patent No. 12,287,833), an AI feature that enables recruiters to quickly and effectively narrow down high-fit candidates from just a job description. With the ability to assess hundreds of resumes in minutes, Resume Ranker significantly expedites the process of finding top candidates and screening out those who may not meet the specific job requirements for a given role.
Born out of customer need, Resume Ranker goes a step beyond resume scanning tools and parsers, applying generative AI-powered technology to uncover the most relevant job requisites and subsequently screen for them. Using existing or new job descriptions, the AI then compares them to current candidate pools to uncover the highest fits for a role, based on rankings for both required and desired skills for the job.
With the ability to identify and edit required skills, users can create and adjust the parameters to find the best candidates. For example, a person applying for a data analyst role without SQL experience would be eliminated. More mundane skills like “record keeping” or “basic computer skills” can be removed or deprioritized. This ensures anyone in the hiring process is aligned based on the scope of the actual job.
Payscale Inc., the leading compensation data technology company, today announced the availability of two new data sets and two new integrated AI solutions to empower organizations to make strategic pay decisions with confidence, as part of its new approach to compensation intelligence.
To help organizations address these challenges and make more confident compensation decisions, Payscale’s innovative new data approach goes beyond traditional compensation data sets to combine trusted data with advanced AI modelling for the highest level of accuracy, depth, and transparency. The two datasets leveraging this approach are Payscale Verse and Payscale Pulse.
- Payscale Verse: Now available as part of Payscale Payfactors, the company’s scalable compensation management platform, Payscale Verse is one of the most innovative datasets on the market. Verse merges Payscale Peer data, a revolutionary approach to the compensation survey, with advanced AI modeling to enable organizations to price any job across any level, industry, size, or location.
- Payscale Pulse: Industry surveys for business services, colleges and universities, construction, healthcare, and retail have been added to AI-enhanced dataset, Payscale Pulse. This dataset is updated quarterly with fresh data and new jobs, that includes industry and international surveys.
“Raw compensation data is not enough. Businesses need true compensation intelligence to make confident and strategic pay decisions,” said Payscale Chief Product Officer, Peh Teh. “By combining trusted, real-world data with industry-leading AI, organizations can make decisions with unmatched transparency and unparalleled insights. This is different than anything else in the market today.”
