Resume Parser: What it is and How to Choose the Best One

August 28, 2024 3 min read

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You didn’t become a recruiter to spend your days sifting through resumes. So, how do you efficiently find the top candidates among hundreds of applicants? This is where resume parsing comes in—it extracts key information from resumes to match candidates with job requirements, helping you quickly narrow down your applicant pool.

A resume parser is software that uses artificial intelligence (AI) and algorithms to efficiently extract data from a candidate’s resume and automatically export it into another hiring tool or software, such as an applicant tracking system (ATS) or a recruitment candidate relationship management (CRM) system. From there, the data can be stored, managed, and organized to compare candidate qualifications.

An efficient and reliable resume parser can reduce the time it takes to complete applicant review, speeding up the hiring process and allowing you to focus your time on what matters most: connecting with top talent.

However, not all resume parsers are created equal. Recruiters who use a subpar resume parser may find themselves dealing with inaccurate data, missed opportunities, and a screening process that’s more frustrating than fruitful.

We’ve outlined our top considerations for choosing the best resume parser to support your candidate screening process and empower shorter hiring times. Keep reading to discover why a resume parser is a valuable investment for the overburdened talent acquisition leader looking to streamline their team’s workload.

Efficiently sort through job application data

Manual resume parsing dates back to the age of the Neanderthals, when the hottest jobs on the market were hunter and gatherer. Much like how the Neanderthals were outlived by us Homo sapiens, the error-prone, inefficient method of manual resume parsing has been steadily made obsolete by its smarter, more evolved relative: automatic resume parsing.

Automatic resume parsing enables recruiters to assess candidate qualifications more accurately and efficiently by streamlining the process using algorithms and machine learning. Instead of spending hours each day searching through hundreds of resumes for keywords (and inevitably missing some top talent), an automatic resume parser will extract the relevant data in seconds and structure it in a digestible format so recruiters can easily understand how applicant resumes match the desired criteria and make more informed talent decisions faster.

Prioritize the top matches for your role

While not true for all parsers, the top resume parsing software can be leveraged to easily determine the top matches for your open position, reducing the time it takes to compare applicant qualifications and fill the role.

For example, recruiters can use a resume parser’s natural language processing (NLP) to target relevant keywords that may appear in a CV or resume for a specific role. Accordingly, the resume parser will highlight submitted documents containing these keywords to bring to the top the applicants with the most relevant qualifications and move those who may be missing essential requirements to the bottom of the list.

By prioritizing top matches, a resume parser can help recruiters significantly reduce candidate screening time and make more strategic hiring decisions.

Offer ease of use

Resume parsing technology may seem complex, but your resume parser’s interface shouldn’t be. The best resume parser will be painless to adopt for even the most tech-illiterate recruiters. An effective resume parser will streamline your talent sourcing and candidate screening process without requiring you to have extensive coding or programming knowledge.

Help you eliminate bias

One of the toughest obstacles to executing successful diversity recruitment strategies is inherent bias. While resume parsing software helps organize and match candidates based on their qualifications, other technologies can assist in reducing bias by anonymizing details such as names and faces, which could lead to unconscious bias.

By implementing these bias prevention measures, hiring teams can focus on selecting candidates for their skills and experiences, ensuring that diversity goals are met for the right reasons.

Integrate securely with your ATS

A secure connection between your ATS and resume parser allows you to make ATS talent data truly actionable while keeping you in compliance with critical data regulations. A seamless integration helps to streamline your recruitment workflow and maximize recruitment efficiency.

Expedite your hiring process with Applicant Match

Recruiting is all about connecting with people to connect them to teams. With hireEZ’s Applicant Match feature, you can expedite your team’s hiring process and dedicate more time to building valuable relationships with qualified talent.

In addition to the benefits of a resume parser listed above, Applicant Match delivers helpful AI-driven insights to concisely summarize candidate qualifications and help you make informed talent decisions.

Our talent acquisition platform integrates securely with your ATS to make talent data actionable, helping you meet diversity recruiting goals, reduce time to fill, and make more strategic hires. With AI Sourcing and essential candidate outreach features included in our talent acquisition platform, hireEZ gives you all the tools you need to streamline your entire recruiting function.

Book a demo today to learn how Applicant Match can transform your recruitment workflow efficiency and help you secure more top talent, faster.

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