The Hiring Revolution
LinkedIn + TikTok + Tinder = Revvy.
We have reimagined hiring and are on a mission to revolutionize an industry! We are currently in the final phase of developing an HR tech solution, whose mission is to disrupt the hiring process’ disjointed and outdated methods. Given the recent conditions, VC/PE firms have been flocking in droves to find the latest and greatest in HR tech. The current market is prime, and we see our solution changing some of the fundamentals of how the industry works.
Revvy is intended to revolutionize the hiring process, catering to the paradigm shift in how users now engage with technology. The platform eliminates the antiquated resume and job posting experience, replacing them with on demand bite sized video technology, powered by AI via Neural Networks for accurate matching. This will connect every user in the Revvy ecosystem seamlessly and its core architecture addresses the world’s desire for frictionless solutions. Revvy will deliver on its mission to drive ROI and enable employers to stop wasting time, resources, and capital by providing better matches and insights into candidates like never before. The team understands NextGen Tech which is heavily video based and the requirement for people to showcase themselves authentically given the current challenging environment. It is our intention to foster a behavior in our members to mentor and help each other to learn new skills and find new opportunities, while allowing employers to make better determinations about fit regarding company values, mission, and culture. Revvy is also addressing unconscious bias by encompassing ethical algorithms throughout the hiring lifecycle to promote diversity and inclusion at a macro level!
All current platforms are heavily gated around ATS and CRM models. While they are robust in features, we feel there are key components missing. It has long been known that ATS systems are rifled with issues, they cannot identify anything other than keywords, filtering out highly desirable candidates who did not properly ‘fluff’ or fill their resume with the right terms. It becomes a game, the resume is not written to be a representation of the candidate, it is written to match the job post. This leads to wasted time and dollars on the wrong candidates and potentially bad hires.
Stripping out the noise. Revvy removes the traditional resume replacing it with a digital journey of the career, skills, and accomplishments of the candidates, which allows for accurately matching for recruiters. We use AI/ML to map the skills associated with job titles across 148 industries. This also eliminates the need for the job application process. A candidate creates a profile through the mobile app, then they are automatically matched with job opportunities that match their experience and skills, like dating apps.
Additional screening. Once candidates have been matched with opportunities, a pool of candidates is created that possess the level of skill necessary to perform a job. These candidates are then automatically screened by the AI enabled chatbot to understand specifically about their skills and abilities in relation to the role. This saves the recruiter time in wasted interviews/conversations or messages trying to identify quality candidates.
Video. Candidates create two types of 45 second videos used for additional screening in their profile creation. Spotlight videos are answers to the top 20 interview questions giving the recruiter in depth insights into the persona of the candidate. Journey videos are attached the career timeline and give the recruiter more context about specific roles. Recruiters can utilize these videos to make the decision to schedule an interview with a candidate.
ROI. When compared to Greenhouse, for every 900 jobs filled we can save 4.5 full time recruiter’s salaries. By providing the employer/recruiter the correct matches from the start by analyzing skills and experience, they can then focus their time on learning more about the candidate through videos before any time has been wasted on screening interviews. We believe this could fit into an existing platform to further enhance their capabilities, roll up into a current enterprise solution, or be taken to market by a strategic partner.
Modularity. We have built this platform with easy integration in mind, each major component can be a standalone feature, allowing companies to also supplement their current offerings. We also have a dedicated mobile app and web platform which is not seen in HR tech even though 70% of job seekers use their mobile device to apply for positions.
For more information please contact Matthew Sheridan at Matthew@SpotlightFamilyOffice.com.