Israel is a know innovation leader in the world, so much so that it is sometimes referred to as “Start-up” nation”. Israeli technology is the core of many industries like Agritech, Fintech, Cyber, and AI. Being a small country Israel’s IT industry counts about 6.5K companies and 180K personnel. With that being said – this tiny but nonetheless innovative, technology leading eco-system – HR is still faced with outdated methodologies, slow practices and inefficient matching process when trying to find the best qualified candidates.
Understanding the magnitude of this problem and the industry’s need for a solution, it became obvious to us that the biggest obstacle HR departments are facing is high volume of CVs for each open position and inability to objectively compare them. Even in an environment of innovation and technology pioneering, there was no technology solution for this problem to be found, and HR remained behind of the curve.
ICV aims to take HR to the next level- and we’ve done just that.
Our marketplace solution was built using new-generation technologies, such as AI, NLP, ML to name a few. The ICV mission is to assist HR departments of the Tech industry to re-approach and transform the way they recruit and hire talent by redefining the IT recruiting marketplace making it faster, more accurate and highly more intuitive. With the click of a button companies are able to find the best candidates. Through a user friendly platform and customizable filters HR is able to asses candidates by level of compatibility- highest to lowest, and post open positions seamlessly. Job seekers, on the other hand, browse all open positions, and see their compatibility level for each position prior to applying – helping them apply to the most relevant positions to them and deterring them from applying to one that don’t match their experience – unburdening HR of irrelevant job applications. The mobile app has a user friendly, easy to use interface – as easy as “swapping right”. Through the ICVapp platform, companies are able to actively update in-the-running applicants throughout the employment process- so you always know where you stand with each company.
CHANGING THE METRICS
Working with leading local and global companies, we quickly gained the attention and interest of more than half of the IT industry in Israel, effectively dominating the Israeli market – providing companies with a quick and simple way to find the best matching, talented, leading candidates for them. Marketplace results have been unprecedented. Using the old system HR personal go through an average of 100 candidates to fill one single position [1/100], a process that ranges anywhere between 30 to 45 work days. Using the ICVapp – Companies narrowed their interviewing pool by cutting straight to the top 3 applicants shortlist provided by out technology – [1/3] hiring and filling positions in fractions on the time – reducing their Time-to-Hire to less than 14 days.
Within a single year, the ICVapp helped hundreds of companies attract and recruit top talent, establishing its role as the leading recruiting platform in Israel. In an evolving era of digital transformation, we are constantly changing, offering a broader line of talent acquisition solutions and broadening our reach. Today, ICV is the HR, talent acquisition and job search backbone of some of the biggest brands in the world.
The HR industry is reshaping constantly, and we keep investigating the future to try and answer the needs of tomorrow, today.