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Seeking Predictive Talent Recruitment Solution for Banking

Background / Description

About Open Innovation Platform

IMDA has recently launched the Open Innovation Platform (OIP) which is a virtual crowdsourcing platform that will match complex business challenges with innovative ideas and solutions around the world. The aim is to connect businesses to problem solvers like you and expand opportunities for co-innovation, commercialisation and scaling of new digital solutions.

 

Context

OCBC Bank’s Human Resource (HR) department receives thousands of resumes on a daily basis and evaluates them manually to shortlist candidates for a first-round interview. This is done by assessing if candidates have the right skills and experience, as well as the key qualities and traits required for a position.

These various processes are currently very labour-intensive, given the high turnover for certain roles such as sales. Also, it is difficult to accurately predict the potential fit and future conduct of the candidate. OCBC is thus seeking ways to better support its HR team to make the recruitment process more effective with improved accuracy in the matching process.

 

Problem Statement

How might we leverage external data and non-traditional methods to accurately assess and shortlist candidates with the relevant skillsets, experience and psycho-emotional traits, or match them with relevant job openings to drive operational efficiency and improve accuracy in the matching process? 

Technical Specifications

What Are We Looking For?

  • Prototype of an automated solution that is able to leverage external data and emerging technology to assess if candidates have the relevant experience, skillsets and psycho-emotional traits to predict their potential fit and future conduct in the company
  • If candidates do not have the relevant skillsets or experience, it would be useful if the solution could automatically identify and match the candidate to other relevant job openings
  • Designed such that the hiring logic is not apparent to job seekers

 

Eligibility

There are no restrictions on the geographic location of the problem solvers who may choose to apply to this challenge.

 

Further Details:

Technical details of the problem statement as well as information related to the innovation call can be found on the IMDA Open Innovation Platform which you will be redirected to after clicking on the 'Proceed To Details' button below and filling up a short form with your basic information.  Please register an account and login to the Open Innovation Platform to be able to access the problem statement details.

Preferred Business Model

  • R&D Collaboration

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