Scout Uses AI to Make Hiring Faster and Cheaper

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Feb 21, 2017, 08:00 ET

NEW YORK, Feb. 21, 2017 /PRNewswire/ -- Today Scout announced the launch of its AI-enabled, virtual recruiting assistant to help hiring managers and HR teams fill open positions at a fraction of the time and cost of traditional recruiting tools. The cost to hire with Scout is approximately 20 times less expensive than the average recruiting agency.

Scout combines artificial intelligence and human intuition to fill open positions at a fraction of the time and cost of traditional recruiting tools.

"While hiring great people is critical to most organizations, sourcing talent is usually not a core competency," said Scout CEO, Andres Blank. "Moreover, the vast majority of people you want to hire are usually employed, so they often cannot be found on job boards or in hiring marketplaces. To find the people you want to hire, you historically had to spend countless hours scouring the web to identify and connect with desirable passive candidates. When I was leading recruiting at my last company, I learned firsthand how the lack of smart sourcing tools resulted in unnecessary frustration and a misuse of time during critical periods. Our mission in building Scout is to equip managers with the tools they need build a talented and diverse pipeline of candidates for every role. We want to level the playing field in hiring and automate the most time-consuming and frustrating parts of hiring."

The company's team of Talent Scouts leverages AI to unearth candidates whose skills and experience best match the needs of the job, saving the hiring manager dozens of hours in online candidate sourcing. Scout shares the best candidate profiles in batches of 10, and uses feedback on each candidate to refine the AI so that the matching improves with each batch. Scout's platform makes it seamless and easy to connect directly with candidates in one click. To keep teams organized, Scout integrates with most applicant tracking systems as well as Slack.

Scout started quietly 10 months ago, and has amassed a customer base of over 60 clients ranging from stealth startups to Fortune 500 companies, including Sony Music, Lyft, DigitalOcean, AppNexus, and many more high growth organizations. To date the company has sourced candidates for over 450 roles, ranging from Android Engineers to Sous Chefs to Chief Marketing Officers.

The company is headquartered in Manhattan and raised early funds from Foundation Capital, Beta Angels, Balmoral Fund, Paul English, Amol Sarva, Inaki Berenguer, Ed Roberts and James Joaquin.

If you are hiring and would like to learn more, please visit www.usescout.com.

SOURCE Scout