- AI startup Uncommon.co hopes to change poor recruiting ROI with the launch of a new platform, Uncommon IQ, which is based on an algorithm that analyzes “career paths, experience, skill level and job interest," according a press release emailed to HR Dive.
- The company has just come out of the beta release of Uncommon IQ. Test runs with Lyft, Gap and Aflac apparently yielded results; candidates selected by Uncommon IQ are 12 times more likely to be invited to an interview, the company said. The process is intended to speed and streamline the recruitment process for candidates and recruiters.
- Uncommon.co says it's the first in the industry to introduce CPIQ pricing — Cost Per Interested and Qualified. The model only charges customers payment for candidates who apply for "specified open position." Fast Company notes the company's pricing structure is $9.95 per qualified candidate.
AI solutions already have a solid footing in the HR space when it comes to recruitment. More companies are hoping to free up their HR professional’s time for retention and development initiatives and are turning to tech to thin the mountains of resumes received for every posting.
But for many, the tech isn’t meeting their needs. A wealth of websites offer solutions to “beat the algorithm,” leaving recruiters with more work verifying skills at the end of the process than in the beginning. Many are hoping blockchain solutions will be able to put an end to resume exaggeration, but by and large, we’re not there yet.
For many HR professionals, the opportunity to spend more time on employee development and retention could be critical as the market continues to tighten. For others, effective talent acquisition could finally mean a seat at the C-suite. Most employers are looking for new strategies to boost their effectiveness in hiring. Uncommon could help recruiters hedge their hiring bets and free up time for other initiatives.