foundit, the premier talent platform in India boasting over 7000 clients, has unveiled an innovative recruitment solution, heralding a paradigm shift in the future of hiring. Having conducted product previews with nearly 100 companies, foundit's latest offering has demonstrated remarkable outcomes, including an 80% surge in recruiter productivity, a 4.5X decrease in recruitment costs, and a doubling of candidate response rates. The initial triumph of this solution underscores foundit's dedication to fostering efficiency and agility for recruiters while prioritizing an exceptional candidate experience.

Amidst a growing trend in HR departments adopting technology-driven talent acquisition tools to optimize recruitment procedures, foundit has launched an enhanced hiring solution. This revamped approach encompasses a broader talent pool, encompassing both active job seekers and passive candidates. The updated product introduces features such as Super Profiles, offering information beyond traditional resumes, Smart Insights generated by the system, Magic Search powered by AI and personalized with over 35 Smart Filters, an outreach module featuring AI-generated emails and mass personalization, and a seamless collaboration interface.

Speaking about the launch, Sekhar Garisa, CEO, foundit (previously Monster APAC & ME), said, "Recruiters today are grappling with multiple challenges – navigating numerous sourcing platforms, sifting through irrelevant search results and inefficiencies in communication and closing positions. At foundit, the four pillars of our latest tech innovation address these challenges head-on. With access to talent on and off the market, candidate profiles with Smart Insights, and AI-powered Magic Search personalized by the organization, recruiters now have a comprehensive solution to be more agile and efficient. Since rebranding last year, we have been committed to going beyond merely solving problems to anticipating and building for the future".

As part of foundit's brand transformation journey from Monster last year, the recent introduction of this product represents a significant milestone in the company's mission to facilitate connections between the right talent and opportunities through technological innovations that will reshape the future of recruitment. In its commitment to enhance product offerings and expand its market presence, the company secured ₹137.5 crores in funding during 2021, with support from investors such as Akash Bhanshali from Volrado Venture Partners, Mohandas Pai from Meridian Investments, and participation from Quess Corp, its parent company.

Commenting on foundit's role in realizing its parent Quess Corp's future-forward strategy, Ajit Isaac, Chairman, Quess Corp, added, "With India on the path to becoming a $5 trillion economy, there is no doubt that employment will be a key driver across sectors. Increasingly, skills-based jobs have become critical. Hence, technology will need to assist recruiters in enhancing productivity to find the right fit, especially in white-collar jobs. At Quess, we have always been at the forefront of service-led offerings. Through foundit, we aim to redefine the current traditional recruitment norms and usher in a new era of efficiency and precision". As part of its commitment to advancing the recruitment landscape, foundit has strategically invested in developing this solution and taken a giant leap to define the future of recruitment.