NEW YORK (Fortune) -- Al Campa, chief marketing officer of Taleo, recently received about 250 resumes for an open VP of Product Marketing position. A year ago when the job market wasn't as frantic, he says he would have received around 50 for the job at the talent management software company.
But while the applicant pool may have more than quadrupled, the time he spent on reviewing candidates didn't have to. Using the candidate-screening program made by his company, he narrowed the pool down to 20.
"The whole automated system just makes it easier to go through resumes pretty painlessly," he says.
Great for Campa. Not so great for the 230-odd applicants who didn't make the cut. But with more and more people flooding the job market, companies are increasingly turning to software like Taleo's to help them wade through masses of resumes.
For a sense of scale, consider that Taleo (TLEO) has 3,900 customers, including 48 of the Fortune 100 companies. Every quarter, 10 million new candidates apply to companies such as Starbucks (SBUX, Fortune 500), IBM (IBM, Fortune 500) and JPMorgan (JPM, Fortune 500) through Taleo software, Campa says. |
