Imagine being a hiring manager or recruiter who is juggling multiple projects while urgently trying to fill a critical role on the team. Within hours of posting the job, a flood of resumes are submitted, as the potential candidates are clicking a simple 'apply here' button or other. It is like searching for a needle in a haystack, each resume blending into the next. How does one identify the most promising candidates amongst hundreds, even thousands, who are now the norm in the market, particularly in tech?
As they review each submission, they can't help but worry about the potential for unconscious biases creeping into the decision-making process. Despite their best efforts, it's nearly impossible to remain completely objective, and they know this could impact the diversity and inclusivity of their hiring choices, putting future team innovation at potential risk. The clock is ticking, and the need to find the right candidate grows more urgent by the minute.
When hiring managers and recruiters run out of time, they often settle for less optimal candidates, perpetuate their biases, and compromise the overall recruitment process. This can result in a misaligned workforce, decreased productivity, and a damaged employer reputation. None of us have time for this in today's margin-pressured market.
There is a clear need for advanced technologies to streamline the process further, mitigate partialities, and enhance the overall quality of hires, and that is where MHAYA.ai comes in. "Our goal is to achieve the best fit rather than just the first fit," co-founder Mary Ruiz shares. "Who wouldn't want that, especially if it's in less time than before while choosing from a more diverse pool?"
MHAYA's approach addresses the numerous challenges faced by recruiters and hiring managers by applying their patented technologies at the very top of the hiring funnel. This ensures that only candidates who genuinely fit the job requirements and are interested in the position move forward in the process. By focusing on the initial stages of recruitment, MHAYA enhances precision in matching candidates and opportunities. So, then one can move faster toward validation of qualitative and quantitative assessment and interviewing, feeling confident that, when the process is Powered by MHAYA.ai, it is transparent and verifiable.
The global market for HR and recruiting is immense, valued at $554.5 billion, with the US market alone accounting for $327 billion. There are approximately one billion active job seekers globally, so efficient and effective hiring solutions are critical. Ruiz explains, "Companies face increasing pressure to do more with less, making every hire crucial. Our solution ensures that companies can identify the best talent from the outset, which helps them reduce turnover and enhance productivity."
During a recent TA Tech Conference, Ruiz heard the former Chief Information Officer of the CIA present. "She emphasized the importance of eliminating bias in hiring and implored people to look for resilience as a key trait over traditional metrics like a person's GPA." MHAYA's technology aligns with this philosophy and can incorporate soft skills, even 'cultural add,' which are increasingly valued in modern workplaces. While MHAYA.ai is not a formal assessment and verification of certifications tool, it makes sure that the best pool of candidates gets to that stage faster.
MHAYA's inventor and co-founder, Hari Sivaraman, leveraged generative AI (Gen AI) to create their patented solution that facilitates better matches between candidates and job requirements. The SaaS solution further incorporates Diversity, Equity, and Inclusion (DEI) principles and employs patented capabilities to mask identifiable information, such as pictures, GPA, and university names, to address systemic biases and create a more varied candidate pool. This approach mitigates the systemic risk of bias in candidate sourcing and selection.
MHAYA.ai's future is bright.
Looking ahead, MHAYA aims to continue refining its technology and its "Human + AI" approach, to expand to direct hiring companies, to staffing firms and agencies, and to ATS/CRM/HCM players who are likewise committed to ensuring the best-fit talent is identified and expanding its market presence with the ultimate goal that more than a billion people get jobs Powered by MHAYA.ai. "Hari and I discovered that we had the same philosophy and vision that employment is a human right; we've now built and patented a solution that can help make that a possibility," Ruiz asserts.
MHAYA's founders, driven by that shared vision, are committed to creating solutions that address the fundamental challenges facing efficient and equitable talent acquisition. This includes ongoing improvements to their GenAI capabilities and continued demonstration of using Responsible AI development practices.
MHAYA's innovative approach to talent acquisition addresses critical pain points in the hiring process. By leveraging advanced technology and promoting responsible AI, MHAYA ensures that companies can efficiently find the best-fit candidates while fostering diversity and inclusion. This not only benefits employers but also helps job seekers find meaningful and fulfilling employment.
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