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When done right, hiring provides companies with a sustained competitive advantage. However, when done wrong, it can cost up to 30% of the employee’s first-year salary (US Department of Labor). Historically, CVs have been the first source of truth recruiters relied on to make the right hiring decisions. Even today, hiring decisions are heavily influenced by credentials such as four-year college degrees, target school attendance, specific work experiences, and MBAs. This creates a de-facto credential barrier to many professions, with the risk that more skilled but less credentialed candidates may fall through the cracks as their resumes don't make the initial cut.
Credentials do and will continue to have their place as they act as a signal in the labor market, which is known to be full of information asymmetries between job seekers and employers. However, credentials should not be the sole criterion for assessing candidates. Ultimately, a Tier 1 school degree does not automatically translate to how great someone will be at their job.
Obviously, companies cannot afford to have 250 people (the average number of applicants per posting) try out a job before hiring one person, but their skills can be tested in advance. Evidence shows that skills, in fact, are 5 times more predictive of job performance than education and 2.5 times more predictive than previous work experience.
Although the business case is strong, testing skills is not an easy feat. There are over 1,900 occupations with more than 75,000 job titles worldwide, each requiring its own specific combinations of skills and competencies.
The wide variety of jobs, combined with the increased pressure to meet ambitious time-to-hire and talent quality goals, means many recruiters view skill testing as a luxury that only a few companies can afford for specific roles.
Creating ad-hoc skill tests for every job opening is simply too onerous for busy talent acquisition professionals. As a result, recruiters rely on CV-based screenings as a quick and "efficient enough" method to shortlist candidates. However, this approach heightens the risk of bias, makes it more challenging for firms to achieve their diversity goals, and ultimately hinders companies' abilities to maximize the potential of one of their most important assets: their people.
Qualiphire aims to help recruiters get hiring right by leveraging GenAI to automate candidate skill assessments and place them at the beginning of the recruitment funnel. This approach mitigates the human bias inherent in CV screening, allowing recruiters to efficiently engage with a broader pool of candidates without sacrificing the precision of candidate assessment or placing significant demands on their expertise.
The Qualiphire platform assists recruiters in generating skill-based job descriptions and evaluation criteria, transforming those specific job descriptions into actionable skill assessment tests and bespoke interview questions.
"We are tackling the core challenges of recruitment: missing the right candidates and dealing with limited talent pools. Qualiphire broadens the talent pool beyond traditional brand biases, creating more talent matches and tapping into diverse talent. This approach makes hiring faster, more efficient, and cost-effective while addressing societal employment imbalances." Tanya Thorpe-Evans, Founder
Over time, Qualiphire will leverage user data to continuously enhance its assessment accuracy and peer benchmarking while maintaining an updated repository of organizational skills. This data-driven approach ensures that recruitment decisions are informed by comprehensive and current insights, fostering a more effective and equitable hiring process.
Moving assessments earlier in the workflow allows recruiters to keep the talent funnel wider at all stages of the selection process replacing the CV data point with a more accurate skills & competency assessment data point. This approach saves recruiters time, ensures a more competent pipeline of skills-qualified candidates, and mitigates biases introduced during the pre-screening of CVs .
50% Faster Recruitment Process and 10x Increase in Hires
Qualiphire generates job descriptions, automatically builds assessments and interview questions within minutes cutting recruitment time by 50%, freeing up recruiters bandwidth to let them focus more on recruiting and less on the labor intensive and low-value add tasks of the recruiting process.
Boosted Quality & Diversity
By providing an alternative to resume screening, Qualiphire improves the quality and diversity of hires by focusing on skills and competencies rather than traditional credentials, ensuring a more inclusive and capable workforce.
Revamped Candidate Experience
Qualiphire transforms the recruitment journey into a swift and efficient process, reducing the likelihood of candidate drop-outs due to protracted recruiting process and ensuring a satisfying candidate experience. This approach keeps the best talent engaged throughout the recruitment funnel.
Continuous Improvement
Qualiphire continuously enhances assessment accuracy through data accumulation, thereby improving performance predictability and creating a robust database of organizational benchmarks. This approach saves time, energy, and resources, fostering a more diverse and resilient workforce—an asset that is particularly valuable in the post-COVID era.
Bain brings decades of expertise in talent acquisition and is globally renowned for its ability to attract and retain the best talent. This provides a solid foundation for the growth of Qualiphire. Our extensive knowledge in applying GenAI to business challenges, combined with a vast client and alumni network, makes the Founder’s Studio the ideal launchpad for building Qualiphire.
Tanya brings 10+ year of experience in building exceptional teams and we couldn't be more excited to welcome her and the Qualiphire team to the Founder’s Studio to revolutionize skill-based recruiting once and for all.
To learn more about Qualiphire visit qualiphire.com or reach out to Tanya here.
A special thanks to Philipp Peters, Dhruv Prasad and Kilian Re for their support in writing this content.
Qualiphire is an AI-powered recruitment platform for companies that want to get hiring right, designed to streamline the talent acquisition process and enable rapid, unbiased, and efficient candidate assessments at scale.
Associate Product Manager, Milan
