The human capabilities have never known any boundary, and yet we also haven’t seen anything more significant than our capability of growing under every situation. This unwavering commitment towards growth has enabled the world to clock some huge milestones, with technology appearing as a rather unique member of the group. The reason why technology’s credentials are so anomalous is purposed around its skill-set, which was unprecedented enough to realize all the possibilities for us that we couldn’t have imagined otherwise. Nevertheless, a closer look should be able to reveal how the whole runner was also very much inspired by the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence and made it the ultimate centerpiece of every horizon. Now, having such a powerful tool run the show did expand our experience in many different directions, but even after reaching so far ahead, this prodigious concept called technology will somehow keep on delivering the right goods. The same has grown to become a lot more evident in recent times, and assuming one new HRM-themed development pans out just like we envision, it will only propel that trend towards greater heights over the near future and beyond.
Searchlight, a leading talent intelligence company, has officially launched an updated version of its proprietary platform to achieve greater confidence and efficiency across the hiring process. According to certain reports, the platform will deliver on this promised value proposition through a new AI engine dubbed, TRACY, the Talent Recommendation Agent Customized to You. Trained on hundreds of thousands of data points on candidates and post-hire success in various different roles, alongside five years of product research, TRACY provides recommendations and concise explanations to streamline manual work, thus ensuring that hiring professionals are able to dedicate a bigger chunk of their time towards finding the right talent. On a more granular level, though, TRACY’s excellence is rooted in eliminating the need for screening interviews like the culture interview or recruiter screen. Next up, it helps you identify skills and behaviors of top performers, and from within that prized pool, it helps you spot the most complimentary matches for your organization’s culture. As for what impact TRACY brings for Searchlight in general, it has scaled up the company’s ability in recommending top candidates to an accuracy of 80%, a figure which is, on average, literally four times better than the average structured interview. Furthermore, Searchlight’s proprietary skills ontology and assessment capabilities have expanded to include more skills, attitudes, and behaviors that are critically important for on-the-job performance. The company’s data pipelines are also now significantly enhanced with Large Language Models (LLMs) to create step-function improvements in processing, categorizing, and enriching data.
“The status quo in recruiting is full of time-consuming and manual activities that make it difficult for talent teams to deliver consistent results. Searchlight’s technology is on the cutting edge of leveraging AI to save time, deliver exceptional experiences, and provide intelligence to empower better human decision making,” said Anna Wang, CTO/co-founder of Searchlight. “Searchlight brings together LLMs, machine learning algorithms, and proprietary organizational models that deeply understand candidate working styles, soft skills, qualifications and job requirements to match talent to unique organizations.”
In case you are not aware, Searchlight is best known for embedding artificial intelligence into recruiter and hiring manager workflows and existing tools to analyze candidate data and surface the best-fit candidates. Making such a system an important asset is the fact that, without this technology, recruiters and hiring managers can spend weeks screening resumes, interviewing, and debriefing before making a hire. But can we trust Searchlight AI system to make the right decision in every possible scenario? Well, you can, considering company’s technology is assessed continually through internal data reporting and periodically through independent third-party audits from legal, policy, and technical experts.
“As C-Suite executives are looking to find more efficient ways to grow their business, talent leaders and hiring managers are under increasing pressure to find those who are the best fit for open roles with fewer resources while fielding larger candidate pools,” said Kerry Wang, CEO/co-founder of Searchlight. “Our goal with TRACY is to reinvent the hiring paradigm by combining AI with human expertise, industrial-organizational psychology, and behavioral science to reliably create high-performing teams while doing it as efficiently as possible.”
Founded in 2018, Searchlight has risen up the ranks by delivering a bias-free AI that finds top applicants, assesses candidates, and validates quality of hire. The company’s success in what it does can be understood once you consider it works with more than 100 companies Fortune 500s, including Udemy, GoodRX and Upstart. Another piece of corroboration for Searchlight comes from the fact that the company has helped customers fill open roles 40% faster with a 25% improvement on retention.