How Does CV Parsing Work and How Can It Improve Your Bottom Line?

Obviously, our partners at DaXtra have a vested interest in writing about this topic, but I like their simple but informative overview of how CV Parsing works and how it can improve your bottom line?

CV parsing is a crucial part of the recruitment process for agencies. It can help you:

• load more candidate CVs into your database
• free up your recruiters’ time
• power further automation in your recruitment tech stack
• place more candidates from your recruitment database

Understandably, if you’re looking to know what CV parsing is and how it can help your agency you’ll have numerous questions on the topic. Here are some answers to the most frequently asked questions we get about CV parsing and how it can help your bottom line.

What is CV parsing?

CV parsing is the process of software analysing and converting resumes and job descriptions from formats such as PDF or Microsoft Word into structured XML or JSON data. This ensures incoming documents are ready to load into your ATS or CRM.

How do CV parsers work?

CV parsers extract information such as a candidate’s professional skills, work experience, education history, contact details, and achievements from their resume. CV parsing software can also extract data from job descriptions such as the job title, job type, position location, salary details, contact information, required qualifications, and skills.

Why do recruitment agencies use CV parsing?

Typically recruitment agencies work with CV parsing tools to automate the storage and analysis of resume data. This saves recruiters hours of work by eliminating the manual processing of each job application and CV they receive.

How can CV parsing improve your recruitment agency’s bottom line?

If your agency isn’t getting all of the CVs you receive into your database then you’re missing out on valuable candidates that could be a good fit for your open positions.

The right CV parser will convert all of the CVs that you receive into structured data ready to be loaded into a new or existing candidate profile in your CRM. This gives you a database of candidates with up-to-date information, ready for you to contact.

With your recruiters no longer having to process CVs manually, they have more time to spend on revenue-generating activities such as building relationships with clients and placing candidates.

Looking for more information about CV parsing?

If you’re looking for more information about how CV parsing can help your recruitment business, we have two essential resources to help you.

The Ultimate Guide to CV/Resume parsing covers everything you need to know about CV parsing, including what different types of parsers are on the market today and takes a deeper look at the benefits a high-quality parsing solution can bring to your business.

The second resource How to Choose a CV/Resume Parser takes you through what you need to consider when selecting a parser. You can download the guide here.

All copyrights for this article are reserved to UK Recruiter