RANNANA, Israel, March 6, 2012 /PRNewswire/ -- At the press conference, serial entrepreneur Arik Filstein commented that many resources have been invested in the company to explore the reasons why keyword searches fail to successfully match talent with potential employers.
"In the global market, any jobseeker can define himself as he sees fit by utilizing keywords through which he characterizes who he is and what type of job he seeks. The potential talent sits on the other side with the exact list of requirements and parameters," indicated Filstein.
"In many cases the employer cannot find a talent or the talent can't find an employer. The reason is simply due to the fact that the match between employers and talents in most cases was initiated by keywords or tags."
Filstein noted that the following example illustrates such: "When a software developer searches for a job he describes himself simply as what he is, a "software developer." The first problem is that when an employer seeks a "software engineer with knowledge of SQL and NET," our software developer will never be found due to the lack of a keyword match even though there is a perfect semantic fit between them. Another example is an attorney listed as specializing in medical malpractice who is not found when an employer will look for an attorney with experience in cases dealing with emergency room negligence."
"With our development of the world's largest semantic engine, we have alleviated the most painful problem in the online recruitment industry. The engine is the result of the hard work of our algorithms team over the course of several years. The multilingual engine can find tens of millions of links and values for each position or skill in the job market." Filstein mentioned that by using the engine with the world's largest database of title and skills it is possible to reach search results in less than a second that contain a large number of characters that match the candidate the employer is looking for.
The engine provides interpretation services to EXACTME.com and other top sites and will be available to leading sites and placement companies on royalty basis.
Jobookit Technologies, among other achievements, is also behind EXACTME.com a sophisticated talent search which has become an internet success study in South America in less than two months following its Buenos Aires launch event. It further seeks to gain a significant market share in Latin America which is home to some 590 million people.
SOURCE Jobookit Technologies