Project Report For Internship
Project Report For Internship
Project Report For Internship
Education
(Deemed-to-be University under Section 3 of the UGC Act, 1956)
A REPORT ON
“Optimizing Resume Screening for Recruitment Success”
Submitted by
Ankita M Sharma
(22BSOCBL0561)
Hridtech Pvt Ltd.
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AUTHORIZATION
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ACKNOWLEDGEMENT
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TABLE OF CONTENTS
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Executive Summary
Name – Ankita M Sharma
Enrollment no. – 22BSOCBL0561
Email ID – ankitamsharma04@gmail.com
Name of Organization – Hridtech Pvt Ltd
City – Bangalore
To make it easier to find excellent talent, hire them, and boost economic
performance, the report advises businesses to build the best resume
screening procedures. Companies may create a screening process that
efficiently identifies the most qualified candidates while minimising
the risk of bias and fostering diversity and inclusion by understanding
the economic, industry, and corporate factors that drive recruiting
needs and beliefs.
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ABSTRACT
The report also cites the expansion of the HR consulting sector in India
as a result of the growing demand for trained employees across many
industries. Traditional methods have given way to a more modern and
strategic strategy that incorporates artificial intelligence and data
analytics. Staffing, talent management, HR outsourcing, and training
and development are just a few of the services provided by the HR
consulting industry.
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Chapter 1: ABOUT THE COMPANY:
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The business Hridtech Pvt. Ltd. uses unofficial job sites to find
candidates for its clients. One of the strategies the company does for
talent acquisition is the initial phone call a recruiter has with candidates
to find out if the application is searching for a career change or any
other necessity.
Hridtech helps employers hire full-time employees by locating
applicants who meet the essential technical requirements, soft skills,
relevant experience, location, salary, and other requirements that fit the
job description provided by the organization. They offer technical
assessments, interviews, terms and conditions for the employer and the
employee, as well as counselling up until the candidate accepts the
position.
In terms of contract staffing, Hridtech offers businesses a variety of
adaptable people to lower total labor costs. According to their staff, the
given applicants will be just as productive as full-time employees.
Hridtech has a knowledgeable payroll administration team, and we
manage their entire payroll process. We offer organized payroll
services that are perfect for SMEs and start-up organizations, regardless
of the size of the company.
Mission
“We aim at achieving the right person for the right need and help
companies zero down on catalysts for taking their business forward”.
Vision
“We believe in working together with our client’s vision and focus
on engaging in ways that are authentic and meaningful”.
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1.2: Overall Organizational Structure of Hridtech Pvt.
Ltd.:
CEO/ Founder(
Sanket Anil
Joshi)
Admin Business
Ashwin
Veena
(Accountant)
Anuhya
(Company Roshni
Secretary)
Upasana (Admin
Executive)
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CEO Profile
Sanket Joshi
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Business Model:
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1.3: COMPETITORS ANALYSIS
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3. IKYA Human Capital: IKYA is a well-known provider of
comprehensive HR solutions, with over 500 clients from a variety
of industries. Magna InfoTech, an IT employment firm with
headquarters in Hyderabad, was purchased by IKYA in 2011 for
a 100 Cr enterprise value.
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5. KellyOCG India: Kelly OCG, the leading expert in human supply
chain strategies and workforce solutions, is a strong supporter of
breaking the law. Your personnel strategy should no longer be
conceived in the same manner as before. We consistently
anticipate new developments in the quickly evolving workplace,
combining talent management with business goals and providing
the greatest talent, personalised care, and insights to support the
success of organisations and careers. We take great satisfaction in
having the ability to provide talent solutions that advance the best
organisations in the world.
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Chapter 2: SWOT ANALYSIS
Strengths
Weakness
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Opportunity
• Due to the fact that so many job searchers use LinkedIn, it was
discovered when Naukri was introduced that LinkedIn could also
be utilised.
Threats
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2.1: Market Share:
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Chapter 3: PORTERS 5 FACE MODEL
Competitive rivalry
An evaluation of the ease with which providers can raise prices This is
affected by variables such as the quantity of providers for each crucial
input, the distinctiveness of the supplier's good or service, the supplier's
relative size and power, and the expense of switching suppliers.
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compensation package the client is willing to offer candidates will be
sent to the recruiter if a candidate is acquired through cold calling. A
recruiter must be able to sell their product by gathering a qualified
applicant profile that is prepared to proceed using the following
recruitment approach for certain clients in order to conduct a successful
cold call.
This task force examines consumer power and its impact on price and
quality. If there are fewer consumers, they have more weight, but there
are many sellers and switching is easy. If customers buy in small
quantities and the seller's product is significantly different from a
competitor's product, purchasing power is low. The purchasing power
of the buyer remains quite low, as many recruiters regularly make cold
calls in search of job candidates. Many recruiters in many industries
cold call and land a large number of career seekers in one day.
Although it is tough to choose applicants since the job needs, they offer
come from the same clients, recruiters can find and like people easily
because so many people are looking for new jobs. As a result, the
products they offer are relatively limited.
The threat of substitute products or services
This capability investigates how simple it is for consumers to transition
from one business's good or service to another. To ascertain whether
they can further reduce expenses, it looks at the number of competitors,
how much they cost, and how well they perform in comparison to the
company under review. Both the short- and long-term switching costs,
as well as the willingness of customers to switch, have an impact on
how risky alternatives are.
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Hridtech Pvt. Ltd. is worried about cold calling since, when a recruiter
discovers a candidate through a cold call, the majority of the candidates
are from a different industry or a substitute firm. Even if the cold calling
method is successful, the product is ineffective due to the client's
regulations and guidelines since the candidate's profile is irrelevant or,
occasionally, duplicated because another alternative company has
previously accepted the candidate.
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Chapter 4: About the industry:
Due to the rising demand for competent workers across several
industries, India's HR consultancy industry has experienced impressive
growth in recent years. With the use of artificial intelligence and data
analytics, the recruiting industry has moved away from old approaches
and towards a more sophisticated and strategic approach. The growth
of huge international firms and the advent of startups in India have
fueled this boom. A wide range of services, including staffing, talent
management, HR outsourcing, and training and development, are
provided by the HR consulting industry. In the upcoming years, it is
anticipated that the HR consulting industry will continue to grow as
businesses prioritise hiring a competent and diverse workforce.
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In India's talent acquisition industry, technology is essential.
Recruiters can now find and attract the right personnel more quickly
thanks to automation, machine learning, and artificial intelligence.
Additionally, the use of application monitoring systems, video
interviews, and online tests is becoming more commonplace.
1. Skill India Mission: By 2022, the Skill India Mission, which was
started in 2015, hopes to have trained over 40 crore individuals in
India in diverse skills. In more than 250 career roles across a
range of industries, including healthcare, construction, and retail,
the programme offers training and certification.
2. National Career Service: The National Career Service, a
government-run online platform, was established in 2015 and
provides job seekers with skill evaluations, career counselling,
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and job matching services. The portal links employers and
training providers with job seekers.
3. National Skill Development Corporation: In order to encourage skill
development in India, the National Skill Development
Corporation (NSDC) is a public-private collaboration. In a
number of industries, including manufacturing, construction, and
hospitality, the organisation provides training and certification
programmes.
4. Startup India: A government programme called Startup India was
started in 2016 with the goal of encouraging entrepreneurship in
India. In addition to tax breaks and investment opportunities, the
programme provides businesses with a number of advantages.
5. Make in India: Make in India is a government project that was
started in 2014 with the goal of promoting manufacturing in India.
The programme provides a range of benefits, including tax breaks
and subsidies, to enterprises setting up manufacturing facilities in
India.
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Chapter 5: Market Growth and Market Share of the
Industry
In India, the market for human resource consulting has been expanding
significantly over the past few years. The Indian human resource
consulting market was estimated to be worth USD 2.7 billion in 2020,
and it is projected to expand at a compound annual growth rate (CAGR)
of 10.6% from 2021 to 2028. Several causes, including the rising
demand for human resource consulting services, the uptake of
technology, and the growing emphasis on talent acquisition and skill
development, are responsible for this growth.
The demand for trained individuals and the use of technology are
projected to fuel the overall growth of the human resource consulting
sector in India over the next several years. Revenue, profitability, and
growth potential are just a few of the variables that may have an impact
on the market share prices of the main companies in the sector.
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Chapter 6: My roles and responsibilities included:
• Skills worked on: Cisco ASA, Palo Alto, Citrix, Oracle Exadata,
Project Management, SailPoint developer with Java combination,
IOT full stack, Mainframe Batch Monitoring, DB2 UDB
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Administration, BCP/DR, GRC Pre Sales, SAP MM, Python,
JavaScript etc.
• Clients: HCL Technologies, KPMS, Infosys.
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Chapter 7: INTRODUCTION OF THE TOPIC
Recruiting and selecting people have become time-consuming
operations for businesses. Businesses must adapt to avoid unforeseen
outcomes by incorporating talent acquisition and human resources into
corporate strategy conversations. Most business plans are built around
the personnel of the organisation. The best strategies are created when
a thorough awareness of existing talent is combined with a clear
understanding of the skill required to advance the strategy.
The current situation does not precisely align with the traditional cold
calling method because potential applicants are actively exploring
other opportunities. Nonetheless, because there is no prior link between
the caller and the candidate, there is some degree of unfamiliarity or
novelty involved. As a result, some of the ideas of cold calling are being
applied to the talent acquisition process in order to improve its efficacy
and precision. To ensure accuracy, the term "cold calling" will be used
to refer to the initial outreach undertaken by Hridtech PVT. Ltd. to
source job applications.
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Cold calling assists in gaining insight into candidate needs prior to
moving on with recruiting and selection. Cold calling is one of Hridtech
strategies and first moves, especially on Naukri.com and Monster. Each
candidate is contacted immediately to tell them of the job posting
opportunity and to provide opportunities for them to further explore
their career options. Candidates who identify themselves must
demonstrate their curiosity, passion, and desire to choose or change
careers. However, because not all applicants seek a job change, we
discovered that applicants are afraid of being rejected during a cold call.
Finding a profile for a certain job profile is not the most challenging
step due to a number of factors, including the most difficult element of
the procedure is not gaining a profile for a certain job profile due to a
number of factors such as unwillingness to change jobs, a poor offer,
incorrect data, and so on.
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7.1: Screening Resumes while Talent Hunting Using
cold calling method
Companies employ the strategy of cold calling to locate and hire
talented people who may not be actively looking for work. The
establishment of effective resume screening procedures for businesses
that primarily source candidates through cold calling will be covered in
this study. These procedures are designed to quickly and effectively
filter resumes in order to find the most qualified applicants for a
position.
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4. Conduct initial phone screenings: Companies should do phone
screenings after performing initial screenings using automated
technologies to evaluate the candidate's communication abilities
and determine whether they are a good fit for the position. This
makes it easier to find applicants who fit the job and the
company's culture.
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3. Be polite and professional:Always be courteous and
professional when speaking with potential applicants while
we are calling them on the phone without their consent. Ask
for a few minutes of their time, introduce yourself, and state
your call's purpose.
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Chapter 8: Literature Review
The term "human resource" was first used by John R. Commons in his
book "The Distribution of Wealth," which was released in 1893. In his
ground-breaking 1954 book "The Practise of Management," Peter F.
Drucker further highlighted the individuality of people as a resource
and offered several reasons for the phrase (Vitor M. Marciano, 1995).
Initially, the goal of human resources management (HRM) was to make
workplaces better for workers. The Equal Pay Act and the Civil Rights
Act of 1963 and 1964, respectively, impose obligations on
organisations to emphasise compliance issues. psychological studies on
the factors that contribute to job satisfaction, like the Two-Factor
Theory and Frederick Herzberg's concept of dissatisfaction (Ewen et
al., 1966) and the Self-Determination Theory, which examines the
various intrinsic and extrinsic sources of motivational impulses (Deci
& Ryan, 1980), forced organisations to finally turn their attention away
from risky business strategies and towards their most valuable
resource, the employees.
Job boards like Monster Board (1994) and Netstat Inc. (1995), later to
become CareerBuilder, were created as a result. Numerous additional
job boards, such as Craigslist, Career Path, and AOL, came after these.
On job boards, employers posted job openings in an effort to identify
competent candidates. An ATS in its most basic form came into
existence in 1996 when Marin Ouelelett created the Via website. It was
renamed Recruitsoft Inc., and in 1999, Recruiter WebTop, a respectable
recruitment management system (RMS), was released. In the interim,
the Online Career Centre (OCC) and the Monster Board amalgamated
to form Monster.com (1999). Then, a lot of ATSs started to appear on
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the market with enhanced Boolean searching and resume parsing
capabilities. With so many technological developments taking place in
the recruiting industry, it was determined that resume parsing was the
most important factor in selecting a qualified applicant. The first thing
a potential employer sees when considering a job applicant is their
résumé, so all HR departments had serious concerns about the
effectiveness of ATSs without resume parsing. This prompted an in-
depth study in the area of resume parsing.
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Chapter 9: Economy Industry & Company Analysis
Economic Analysis:
The establishment of efficient resume screening procedures throughout
the hiring process can significantly affect the financial success of a
company. The organisation may improve productivity, lower turnover,
and ultimately produce better financial results by selecting the best
candidates for open positions. In this economic analysis, we'll look at
the expenses and gains associated with creating efficient methods for
screening resumes during the hiring process.
• Costs:
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2. Increased Productivity: The proper candidate can result in
greater output and productivity, which could improve a
business's bottom line.
3. Reduced Turnover: By ensuring that candidates are a suitable
fit for the role and the corporate culture, effective screening
procedures can help lower turnover rates.
Industry Analysis:
Creating the best resume screening procedures during recruiting is
crucial for businesses to entice and keep top talent in the highly
competitive job market of today. The utilisation of resume screening
procedures across various industries will be examined in this industry
analysis, along with trends and best practises in the field.
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1. Technology Industry: Companies in the IT sector are
analysing and matching candidates' qualifications and
experience with job requirements using AI-powered resume
screening tools. By increasing the effectiveness of resume
screening, this technology has helped to conserve time and
money. Companies in this sector are also using social
networking sites to vet applicants, going beyond resumes to
find relevant work experience and qualifications.
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5. Consulting Industry: Companies in the consulting sector
scrutinise applicants' analytical prowess, problem-solving
capabilities, and consulting experience. Case studies and
behavioural interviews are frequently used to gauge a
candidate's capacity for analysis and consultation.
Company Analysis:
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5. Procter & Gamble: Procter & Gamble evaluates candidates'
technical skills, leadership potential, and cultural fit using a
combination of automated screening methods and in-person
interviews. The organisation also places a high priority on
diversity and inclusion, using targeted outreach to draw
applicants from disadvantaged groups and providing hiring
managers with training on unconscious bias.
Thus, it is critical for businesses to find and recruit the finest candidates
for their open positions by employing the best resume screening
techniques during the recruiting process. Employing a combination of
automated screening technology, organised interviews, and focused
outreach, businesses from a variety of industries evaluate candidates'
skills, experience, and cultural fit. By prioritising diversity and
inclusion and using a data-driven methodology, businesses may
improve the effectiveness and efficiency of their hiring processes,
which will improve their financial performance and productivity.
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Chapter 10: Statement of Problems:
The possibility of unconscious bias in the screening process might be
an issue while developing the best practises for reviewing resumes
during recruitment. Unintentional preferences or prejudices that
people have that can affect their decision-making without their being
aware of it are referred to as "conscious bias.
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Chapter 11: Research Questions:
I created a Google Form with the following questions to build
appropriate screening procedures for resume needs:
A. Daily
B. Once a Week
C. Once a Month
D. Rarely
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C. Skills and competencies
D. Job titles and responsibilities
E. All Of the Above
A. Very Satisfied
B. Somewhat Satisfied
C. Neutral
D. Somewhat dissatisfied
E. Very dissatisfied
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9. Do you think that the current resume screening process helps
in identifying the best candidates for the job opening?
A. Yes
B. No
C. Maybe
A. Yes
B. No
C. Maybe
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Chapter 13: RESEARCH METHODOLOGY
The present study is an exploratory and descriptive type of research
study. The study aims to find out best resume screening practices for
recruitment. Research methodology is the specific procedures or
techniques used to identify, select, process, and analyze information
about a topic. It is an instrument that is used to accomplish the goals
and attributes of conducting a research process.
Methodology: -
PRIMARY DATA:
Quess Corp. gives information on the client's company's
requirements. Email is used to communicate both the structure of the
ability tracker and the information the candidate must provide.
SECONDARY DATA:
We use Naukri.com and Foundit, formerly known as Monster, to
discover profiles based on the skills required. The resumes that are
submitted through these websites are filtered according to the client's
criteria, and if the candidate's qualifications match those
requirements, further action is taken. A call is sent to the candidate,
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and information is gathered in an Excel document with the specifics
requested by the clients. The compiled Excel data is subsequently
transferred to the third-party provider, Quess Corp. A tracker is
maintained to compare the demographics of applicants who are open
to changing occupations in order to screen applications.
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Chapter 15: FINDINGS ON BASIS OF GOOGLE FORM
qualifications.
▪ Volume of Resumes
▪ Quality of hire
▪ Unrelated Experience
▪ Gaps in Employment.
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▪ 18.8% recruiters review resume once a week during the
process.
process.
• Manual screening
• Combination of both
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4. According to the survey the following is the criteria used to
screen resumes
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▪ 31.3% of the candidates think that the current resume
screening process helps in identifying the best candidates
for job opening.
▪ 18.8% of the candidates think that maybe the current
resume screening process helps in identifying the best
candidates for job opening.
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Chapter 16: RECOMMENDATIONS
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credentials, or previous employment. This will ensure that all
pertinent qualifications are taken into consideration and make it
easier to rapidly pick resumes that are most relevant to the
vacancy.
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Chapter 17: CONCLUSION
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Chapter 18: REFERENCES
https://docs.google.com/forms/d/1bHrPU73GRt8-
4MQDNMHqeiYLl0p3b9NAEUSr0xcSJrU/edit#res
ponses
https://assets.researchsquare.com/files/rs-
570370/v1/9da1a6e1-437f-4f6d-a021-
743ea3ee268e.pdf?c=1631885646
https://talentculture.com/hr-still-needs-to-solve-its-
resume-
problem/#:~:text=HR%20Still%20Needs%20to%20
Solve%20Its%20Resume%20Problem,...%204%20
Looking%20Forward%3A%20Reworking%20the
%20Resume%20
https://ideal.com/resume-screening/
https://www.researchgate.net/publication/313789115
_The_Resume_Research_Literature_Where_Have_
We_Been_and_Where_Should_We_Go_Next
https://chat.openai.com/c/2b68892e-5b3a-44c1-8cce-
dade405c0871
https://quillbot.com/
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