Human resources (HR) processes, including hiring, managing, interviewing, selection, etc., can be time-consuming and costly for businesses, and technology disruptions are required in this segment. Artificial intelligence (AI) has changed our lives for decades, but today it matters more than ever. Sometimes, we do not even realize it when a new system, a new tool or a new product fuelled by AI appears and surpasses us, humans.
Founded in 2019 by Dr Gaurav Hirey, Swati Hirey and Manish Menon, GoEvals are an Analysis Driven, AI-Enabled, Digital HR Tools platform that focuses on Employee Selection, Sensing and Success. Dr Gaurav Hirey, who has over twenty years of HR experience believes that most of the available HR technology solutions tend to be IT-oriented, making them difficult to implement for businesses in other vertical sectors. Swati has been an entrepreneur for more than 15 years and Manish brings more than 22 years of experience in the human resources sector.
Explaining about the operations, Dr Gaurav explains that the startup is developing nine tools to support businesses in selecting candidates, detecting employees and monitoring organisational performance. He further added that GoEvals collects data points shared by a job applicant during the interview or selection process. The platform uses ML to match candidates with hiring managers if their data is compatible with the parameters established by the hiring firm and predicts a result.
According to a 2020 report by Grand View Research, the HR management market is expected to reach $38.17 billion by 2027, with a CAGR of 11.7% between 2020 and 2027. Some notable players, including Trabaajo Inc, EdGE Networks, Darwinbox and Dockabl, are using artificial intelligence to fill gaps in the recruiting process.