The current competition in the US job market is unprecedented. With the unemployment rate hovering at around 3%, HR managers are overwhelmed with the task of interviewing countless candidates to secure the right fit for their respective organizations. The challenge is not just about the volume but the discerning nature of job seekers pursuing the best employer. This unparalleled situation requires a more enhanced recruitment process in order to keep up with the demand. As the job market evolves and the number of applicants surges, understanding and addressing the daily stresses of HR professionals has never been more crucial.
Huntica leads AI interviews with a human touch
Founded by tech entrepreneur Vasily Kostin and his team at Boson Group Inc., Huntica is a groundbreaking platform that offers AI-powered virtual interviews. Unlike its competitors, Huntica employs real actors to conduct interviews, ensuring that candidates experience genuine interaction. This unique blend streamlines recruitment and ensures candidates feel valued and understood. It operates under one key objective: empowering organizations to make data-driven hiring decisions and reduce unconscious bias.
"We've successfully rolled out a working demo of Huntica, and the response from our global clientele has been overwhelmingly positive. Through AI, machine learning, and video interviewing technology, Huntica is setting new benchmarks in talent acquisition," Kostin proudly shares.
Emphasizing the "human" in HR Tech
Being too tech-driven can be intimidating or off-putting for some. It gives the impression of being impersonal, which may make some candidates feel as if the company is quite out of touch. However, the "tech" aspect is also highly crucial, as it streamlines the process and makes it more efficient. The goal of not having one overpower the other may seem impossible, but Kostin and his team have managed to incorporate it seamlessly into Huntica's platform.
"It's like your typical Zoom meeting but guided by an interactive, prerecorded avatar that can patiently wait for you to finish your responses. At some point, it can even make you feel more at ease through some light-hearted jokes," Kostin shares.
Topping the benefits for job seekers, including smooth-sailing interviews done at their own convenience and availability, is its unique value proposition for recruiters.
Huntica's data reveals that HR managers can save up to 70% of the time traditionally spent on the initial stages of the recruitment process.
Kostin explains, "This isn't merely about efficiency. It's about giving HR professionals the time and tools they need to make the best possible hiring decisions."
The "magic" doesn't stop at the human-feel, avatar-driven virtual interviews. Once that initial process is done, Huntica's AI technology deep-dives into the video to conduct an intricate analysis of the candidate. This state-of-the-art evaluation offers deep insights into a candidate's skills, behavior, and potential fit within a company.
"In essence, Huntica offers a blend of technology and humanity, ensuring both efficiency and a touch of warmth in the recruitment process, making it distinct from any other solution out there," Kostin elaborates.
As the CEO of a group of companies and one who has been an entrepreneur through and through, Kostin has had his fair share of understanding the pain points of any recruitment process. Although powered by artificial intelligence and machine learning, Huntica was undeniably developed with people in mind.
The future of the industry is HR tech
Driven by the continuous rise in demand for efficient recruitment and hiring solutions, the Talent Acquisition software market is also on the rise. In 2020, it was valued at $3.18 billion. It is also expected to grow at a CAGR of 8.6% from 2021 to 2028, according to Grand View Research.
Despite developing Huntica as a comprehensive digital interviewing platform that utilizes video interviews, AI-driven assessments, and unparalleled machine learning technologies, Kostin and his team acknowledge that the work doesn't stop there. As the market continues to grow and evolve, so will Huntica.
"We will need to constantly innovate and adapt to maintain our competitive edge and capitalize on the increasing demand for advanced HR solutions," concludes Vasily Kostin. "We believe Boson Group Inc. is well-positioned to capitalize on this growing market. Our target customers include small to medium-sized enterprises (SMEs), large corporations, and staffing agencies across various industries. Our initial focus will be on the US market, with plans to expand globally in the coming years."
