Importance of Resume Parsing in Candidate Screening Stage of Hiring

Resume parsing is a tool that analyzes a CV or a resume document and converts it into structured information for reporting, storing, analyzing, and screening. For a long time now, resumes have been screened and shortlisted manually. Recruiters would have to look through each resume separately and screen them based on skills, experience, education, etc. This process of shortlisting candidates took an immense amount of time and increased the cost of hire. This method also makes the company lose quality candidates as recruiters usually go through thousands of resumes and then shortlist until one is selected.