NEW YORK, NY--(Marketwired - Sep 12, 2017) - Crowded today announced the launch of Crowded Refresh™, a new SaaS platform designed to ensure that employers can maximize the value of the candidate data in their Applicant Tracking Systems (ATS).
Companies store their potential new hire candidates in their ATS, but usually fail to leverage this valuable, yet aging data when filling open positions. The Crowded Refresh solution allows employers to tap this valuable resource and surface qualified candidates who otherwise would go undiscovered.
Crowded CEO Howard Schwartz observed, "Applicant Tracking Systems are full of outdated candidate information. Enormous investments have been made to attract these candidates to job postings; yet, if not hired for the specific position, the candidate data languishes in the ATS. Crowded Refresh enables recruiters and talent acquisition professionals to update resumes from candidates who have previously engaged with the employer brand."
With "Crowded Refresh," using machine learning and proprietary AI algorithms, the strongest candidates are updated, contacted via the Crowded chatbot, matched and ranked for each open job position. This saves employers thousands of dollars and substantial time and effort per hire, and provides valuable employer branding as dormant candidate relationships are re-ignited.
Schwartz continued, "The average company spends thousands of dollars per new hire and during this process they can acquire over 100 candidate resumes for each open position. That means over the course of a few years, a company can add tens of thousands of candidates to their ATS. Yet, when a new position opens, the process starts over again with acquiring new candidates. What about all of the candidates that were previously acquired? That data is old and out of date, and those candidates are not considered for new positions. Crowded solves this problem and allows companies to update and leverage this tremendous investment in their candidate database like never before."
Madeline Laurano, co-founder and Chief Research Officer at Aptitude Research, shared, "Crowded Refresh is an innovative approach to maximizing the investment in candidate acquisition. Not only does it help recruiters rediscover passive candidates, it enables recruiters to easily manage the workflows once a candidate has been reactivated. It's a practical solution to a long-term talent acquisition challenge experienced by every company."
Crowded Refresh is available now. It integrates with major ATS such as Greenhouse, iCIMS, Compas, Workable and Bullhorn with others to be announced shortly. It will be demonstrated at the upcoming SourceCon event and the 20th Annual HR Technology Conference.
About Crowded
Based in New York City, Crowded enables employers to leverage their existing talent pool buried in their candidate database/ATS. By using machine learning and proprietary AI algorithms, the best candidates are updated, contacted via the Crowded chatbot, matched, and ranked for each open job position. Crowded Refresh saves employers thousands of dollars and substantial time and effort per hire, and provides valuable employer branding as dormant candidate relationships are re-ignited.
Crowded was founded by three successful serial entrepreneurs: Howard Schwartz, Mark Roth and Joe Rubin. The company is backed by Tokalon Ventures, Elevate Innovation Partners, ARC Angel Fund, Gambit Ventures, Early-Stage.NYC, and several Angel Investors. For more information, visit www.crowded.com.