Magentas Skills Match Solutions Lab to Drive the Recruitment Market

Magenta Technology, provider of multi-agent and semantic web technologies, today launched the Skills Match Solutions Lab for the recruitment and HR sector. The technology of the Skills Match Solutions Lab provides global recruiting organisations with the ability to match the best candidates to the right job by utilising dynamic real-time search and tracking facilities. Available positions are accurately filled more quickly, whilst administration costs are lowered by automating processes and utilising all available information across disparate databases.

The Skills Match Solutions Lab provides a complete end-to-end decision-making process, from defining roles to sourcing candidates to shortlist selection. The process will run in line with company objectives, to find the optimum team mix and comply with industry regulations. The architecture of the system enables CV, referee and feedback tracking, and administration time is reduced by automating the front-end procedure of processing non-structured data from CVs and interviewer notes. The advanced semantic search capability of the Skills Match Solutions Lab integrates with live data feeds and internal databases to react to new events and market trends. Forecasting can also be implemented, for example to ascertain which regions will experience skills shortages.

Magenta’s Skills Match Solutions Lab provides a scalable, robust, future-proofed system which is both easy to maintain and easy to train people to use. Its ability to leverage third party news and data sources allows it to immediately react to changes within a market or a job description during the search process.

Key features include:

*Database management, indexing, data mining, semantic search and navigation

*Intelligent matching

*Dashboards and/or portals

*Integration with third party sources, databases and handheld devices

*Automation of front-end functions such as CV processing

The Skills Match Solutions Lab is based on semantic network technology which stores information and gives users the ability to visualise the candidate network whilst navigating and searching. The time to post job descriptions is reduced by allowing the use of native languages - key in global organisations. The quality of these requests is monitored by editing the request details in a semantic descriptor to ensure that regulations and business objectives are met.

Jonathan Himoff, CEO of Magenta Technology, said: The recruitment market is becoming increasingly competitive and existing internal systems do not provide a competitive edge. Both candidates and clients are fickle in their loyalty to a recruitment company, as it is the end result which matters. Magenta’s Skills Match Solutions Lab not only increases the efficiency of the process, reducing time and costs, but also provides a solid CRM architecture on which to base relationships. The real-time data feeds assist this by providing a trending tool which illustrates knowledge of the wider market. Users of the system are given the ability to automate those processes which are time-consuming, and greater attention can be given to the shortlist selection. Ultimately, we are able to provide the right candidate for the right job and at the right time.