Does your CV match the job? New AI solution from Stepstone helps • News • onvista

EQS Media / October 23, 2024 / 08:44 CET/CEST

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Does your CV match the job? New AI solution from Stepstone helps

• Stepstone tool “CV Match” shows at a glance whether the CV and job advertisement match
• Human resources managers benefit from well-suited candidates
• With the use of the tool, the number of unsuitable applications in tests has already fallen by around 15 percent

DÜSSELDORF, October 23, 2024 — The global recruiting platform The Stepstone Group is using a new tool to help job seekers with the often anxious question of whether their CV matches a job advertisement. Stepstone Resume Match uses artificial intelligence to automatically analyze how well the skills and knowledge specified in the resume match the company’s requirements.

“Anyone who sees an interesting job advertisement on Stepstone.de can determine at a glance whether their CV matches the position.” “With the help of artificial intelligence, talented people can grasp the nuances of a proposed advertisement even more quickly,” says Timo Ungerer, product director at The Stepstone Group. The tool uses an intuitive graphic to show how well your skills match the job.

According to a Stepstone study, it is a major challenge for more than one in two human resources managers to find suitable applicants because the requirements of the advertised position do not match the skills of the candidates. At the same time, 20 percent of job seekers say that they have difficulties finding a job because their qualifications do not match those in the advertisement. The resume match on Stepstone.de gives a quick initial assessment and is particularly helpful for people who have little experience with applications.

“The tool provides applicants with valuable AI-based support in recognizing their own strengths and weaknesses – even if it is of course essential to personally deal with the information in an advertisement,” says Ungerer. “The better the professional experience fits the job, the quicker and easier it is for HR managers and job seekers to come into personal contact – an essential prerequisite for successful recruiting,” summarizes Timo Ungerer. With success: By using the tool, the number of unsuitable applications via Stepstone fell by around 15 percent in the test phase – without affecting the total number of applications to date. Resume matching demonstrably increases the quality of candidates for a job.

About the Stepstone Resume Match

AI captures details and context to precisely analyze free-text documents – such as resumes. The training continues with anonymized insights from hiring processes in order to compare each applicant profile with the job offers available on Stepstone.de and thus ensure an optimal match.

The CV check is now available on Stepstone.de in German and English for registered users whose CV is stored in their profile. It is planned to roll out the tool in other markets in the coming months.

About the study

The Hiring Trends Index study series is a quarterly study by The Stepstone Group. For this purpose, 3,700 German employees and 500 recruiters were surveyed online between June 6 and 18, 2024. Among other things, the willingness of employees to look for a new job was examined, which factors are crucial and how they perceive the application process. Employees were already surveyed about these aspects in 2023 and 2021, which allowed trends to emerge and be interpreted. The results are representative of the German working population according to age, gender and education.

About The Stepstone Group

Stepstone Group is a world-leading digital recruiting platform that connects companies with suitable talent and helps people find the right job. With the help of AI-supported job marketplaces and programmatic marketing solutions, you can reach more than 130 million applications from around 140,000 employers every year. In the 2023 financial year, The Stepstone Group generated sales of around 1 billion euros. The company is active in more than 30 countries – including Stepstone in Germany, Appcast in the USA and Totaljobs in Great Britain. The Stepstone Group, headquartered in Düsseldorf, employs around 4,000 people worldwide. Further information at: www.thestepstonegroup.com/de

contact

The Stepstone Group Press

press@stepstone.com

End of press release

Issuer/Publisher: The Stepstone Group

Keyword(s): Information technology

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