COVID-19 is the main cause of mass layoffs owning to businesses' downsizing, dissolution, and staff reduction. In the US, just 1 month after the outbreak, more than 400 startups have announced to let go of more than 50,000 jobs. This number is just a tip of the iceberg since it only counts tech startups in Silicon Valley (Source: https://layoffs.fyi).
In Vietnam, according to a recent survey by TopDev (https://topdev.vn/Eng_TopDevReportHR2020_Covid19.pdf), up to 34% of businesses are downsizing, costs- and staff-cutting to survive the risk of bankruptcy until the vaccine is invented. There is never been a better time need to have solutions helping the jobless with the most common one is to publicly list the employees who have lost their jobs so that other businesses can recruit. However, this leads to the disclosure of personal information like phone number or email address, and obviously, a bait for cybercriminals. Besides, insufficient information about education, skills, experience and others often shown in candidates CVs, also causes obstacles for businesses to choose the right one.
With a different approach, using AI to automatically hide the contact information in candidates' CVs helps ensure personal information privacy while still maintaining the aesthetic features and other candidates' distinctive details. Also, with an automated connection platform, businesses will be able to evaluate as well as find the right candidates. AI technology which scans and hides personal information in PDF files was developed by CEO Nguyen Huu Binh from a hobby project (project based on personal interest) that he has pursued for 3 years, and the outcome is the exact identification ability whether the CV was created from any tool or service. Mr. Binh said: "We have used the latest advances in recognition technology so this solution can function correctly with myriad CVs designs. Because it is extremely complicated to ensure the original design and to locate the information, using new technology helps them best express what they have while ensuring personal information security in the process of finding new jobs".
The solution was created with an aim of helping unemployed people find a new job as quickly as possible, while candidates are guaranteed with the standards of content, format, personal information security, opening a new era of finding jobs many times faster than before. Currently, this CV-publicized system is in its most advanced security conditions within the recruiting technology sector in Vietnam and the world. Additionally, employers from organizations/businesses also can benefit as well. When looking for candidates, they want a list arranged in a clear, logical order and easy-to-use format. From TopDev's solution, it not only helps job seekers reach employers faster, but employers also have a new platform to easily search for professional and potential candidates.
However, this project is considered as a risky move. "Because this solution is completely free, there are potential risks affecting the company's revenue, however, when facing the fact that 34% of enterprises are cutting costs, downsizing and laying off employees, also with the desire to support the society and the community, I received encouragement from the board of directors as well as from my subordinates to deploy this project devotedly", Mr. Nguyen Huu Binh said. Besides those worries, even during the peak of covid-19 outbreak this Vietnam-based IT recruiting startup TopDev still got a seven-digit deal investment from Korean recruiting company SaraminHR earlier this February.
Aware of her elements, Neha writes the best articles across industries including electronics & semiconductors, automotive & transportation and food & beverages. Being from the finance background she has the ability to understand the dynamics of every industry and analyze the news updates to form insightful articles. Neha is an energetic person interested in music, travel, and entertainment. Since past 5 years, she written extensively on sectors like technology, finance and healthcare.
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