Resume Parsing Tools in 2024- The Secret AI Weapon for Recruiters

hellobharadwaj

• 3 min read
Resume Parsing Tools 2023

If you were to ask any recruiter what is the biggest pain point in the recruitment process – most will probably answer with two words – “resume parsing”. However this is no longer a pain point with advancements in HR & Recruitment technology. Companies who have adopted resume parsing software tools have increased their performance by 20% and increased their revenue per hire by 4% according to Select Software Reviews. 

In this blog, Tobu will outline the following – 

  • Resume Parsing – Meaning 
  • Resume Parsing & Automation
  • Top 5 Resume Parsing Tools of 2024

Resume Parsing – Meaning

Resume parsing is a fundamental activity undertaken by recruiters, talent acquisition personnel, and HR professionals. Resume parsing is a process that can be explained step by step as follows – 

  1. Recruiters will extract resumes from their mailbox, 
  2. The resumes will be collected in a common recruiter’s candidate database, 
  3. Resumes will be analyzed and categorised according to various data fields (industry, experience, skills, salary etc.) 

Resume parsing is the first step in finding the right set of candidates for the targeted vacancies. Without this step it is impossible to find quality candidates for the client. 

Resume Parsing & Automation

If done manually resume parsing can be an extremely tedious mundane job with a high probability of human error. Resume parsing is not just data collection but also running analytics and understanding what the data represents. 

Thankfully in 2024, resume parsing is no longer a manual process. Automation and AI technologies have built smart resume parsing tools. These tools extract the unstructured or free form candidate data and transform it into a structured database with data-driven analytical features. 

Resume parsing recruitment tools have become a popular choice tech addition in the recruitment arsenal. 

Top 5 Resume Parsing Tools of 2024

  • Tobu

Tobu is the world’s first email resume extraction tool. It is an AI powered recruitment tool that extracts resumes directly from your inbox automatically with a simple one-click integration. The resumes are imported and undergo extensive parsing immediately. They are then classified and the recruiter gets access to a structured, easy-to-manage candidate database within minutes. 

Tobu’s strong tech features also include consolidating all the resumes from desktops across your recruitment team, de-duplicating them and searching through your own database to reach out and place candidates. 

Take a look https://tobu.ai for more

  • Sovren 

Sovren Group, the company behind Sovren resume parser, was founded in 1996 in the United States. It started as a provider of recruitment and staffing software solutions and gradually expanded to offer a range of AI-powered products and services for the HR and recruiting industry.

Today, Sovren resume parser serves markets across the globe, including North America, Europe, Asia-Pacific, and the Middle East. The tool is used by recruitment agencies, HR departments, and job boards in various industries, including finance, healthcare, technology, manufacturing, and more. Sovren’s products and services are known for their high accuracy, speed, and scalability, making them a popular choice for businesses of all sizes.

  • Textkernel

Textkernel is an AI-powered HR and recruitment tool that offers solutions for resume parsing, semantic search, and matching technology. It was founded in the Netherlands in 2001 and now serves global markets across Europe, Asia, and North America. Its products are used by recruitment agencies, HR departments, and job boards in various industries. Textkernel’s tools help streamline workflows, reduce time-to-hire, and improve the quality of hires.

  • Affinda

Affinda is an AI First company. The idea behind Affinda is building a software that is smart, automated and analytical. Using this software will free up time for the recruiter to focus on the real talent acquisition tasks. 

Affinda’s intelligent data collection tool is called VEGA. VEGA is in charge of resume parsing, classification and database building. It uses NLP, combines human understanding with machine accuracy for best results. 

  • RChilli 

RChilli is a pure resume parsing HR recruitment tool of 2024. It is multi lingual platform that focuses on resume extraction and parsing. Resume parsing on RChilli has over 140 data fields that enrich the candidate database in multiple ways. 

This deep learning technology is well known for its easy to use interface and an excellent user experience. It works well with your existing ATS and CRM too. 

Final Thoughts

Resume parsing is a monumental process that every recruiter must do in order to source the best candidates for their clients. When a recruiters inbox is flooded with thousands of resumes every day parsing through so much data may not be easy. Hence Tobu recommends trying out smart recruitment tools for resume parsing.

About Tobu

Tobu.ai is revolutionizing the way companies build their own resume databases. As the world’s first email and desktop resume extractor, Tobu.ai automatically identifies and backs up all resumes from your emails and desktop, making it the fastest, easiest and cheapest way to create a searchable resume database for your organization. Sign up for free here.