SAP SuccessFactors has announced the latest addition to its cloud-based solution for human experience management (HXM). Provided by Vietnam-based startup JobHopin, this extension is expected to greatly enhance companies’ recruitment efficiency.
As the economy recovers from the COVID blast, the labor market is witnessing robust job seeking and hiring activities. While workers are looking for better opportunities after a long stagnated period, companies are faced with tough competition to attract highly-skilled and digitally savvy employees. Gartner’s 2022 HR Priorities Survey found that 91% of HR leaders are significantly or somewhat concerned about employee turnover and the consequential recruitment needs.
An AI-powered recruitment platform, JobHopin helps talent acquisition managers speed up their recruitment process and cut down on unnecessary hiring costs. The solution, called JobAI-lysis, calculates how much a CV matches up a job requisition and helps shortlist just the right candidates for interviews. The bulk CV upload feature relieves recruiters of tiresome manual parsing.
The AI also gathers talent intelligence from JobHopin’s vast online and offline databases to provide real-time, on-target market insights, including the average salary for the hiring position and a talent profile’s estimated market value. With repetitive and mundane tasks managed by JobAI-lysis, HR executives will have time to focus on other strategic efforts, such as improving candidate experience or optimizing the recruitment pipeline. This complements SAP SuccessFactors’s existing resources and creates a comprehensive HXM solution.
“With the rapid acceleration of technology, innovation, and digital transformation around the world, the need for technology in HR has increased to ensure employees grow with the demands of today’s business,” said Viet Nguyen, Managing Director, SAP Vietnam. “While business aims to accelerate in employee’s retention and attraction rate, millions of companies find themselves needing a more refined and optimized recruitment process that will allow them to secure the very top talents. A centerpiece of JobAI-lysis provides extensive market insights and know-how of SAP’s ecosystem – improving engagement, real-time decision making, and reducing complexity wherever they work.
“It is also the first AI/ML recruitment platform from Vietnam that is successfully integrated into SAP SuccessFactors. We believe that this collaboration will create substantial value to the domestic market and also provide more global opportunities to Vietnamese talents. Partners like JobHopin have been and will always be an invaluable asset for SAP clients from all over the world who are eager to enter a promising market like Vietnam,” Viet added.
This is SAP’s first integrated app in Vietnam. Like other SAP Endorsed Apps, JobAI-lysis is premium-certified by SAP with added security, in-depth testing and measurements against benchmark results. Its outstanding ability to accurately parse both English and Vietnamese CVs and the dedicated support team make this extension a notable component in the SAP network.
“This is a very important announcement as we look to expand our service globally. Being featured on the SAP partner ecosystem is extremely valuable to our business and our customers, as we’ve seen SAP’s commitment to fostering a customer-first approach when it comes to connecting businesses with the solution they’re looking for,” said Kevin Nguyen, CEO & Founder of JobHopin. “We can’t wait to work with the SAP team to promote our AI recruitment service to clients from all over the world.”
For more information, press only:
Wuttinan Thongnuadee, wuttinan.thongnuadee@sap.com