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Oracle Corp. and Santa Cruz, Calif.-based Magna Ware, Inc. are promising to help employee recruiters easily manage the steady stream of resumes that flood their mailboxes with software designed to process the information directly into an Oracle database.
Using software called MagnaWare Capture, companies can sort, scan and prioritize resumes, sending them directly into an Oracle database. The MagnaWare software supports documents in PDF, Microsoft Word, RTF and HTML formats and retains the original resume document for free-form searching and HTML presentation, said Claro Villanueva, MagnaWare co-founder and vice president of engineering.
"Companies aren't hiring as fast, but the number of people looking for jobs has risen," Villanueva said. "At first we were worried about the slowdown because companies, for the most part, aren't investing in HR systems. But for the few job openings they have, it's just a nightmare trying to manage all those resumes."
Oracle's iRecruitment is a module within the company's Human Resources Management Systems that automates the entire recruitment process, matching candidates to jobs and ranking candidates for job vacancies. It also initiates and schedules interviews, verifies background information and extends offers to candidates.
When job applicants apply for a position at a large company through online employment services such as Monster.com, recruiters typically receive the information via e-mail, Villanueva said.
"A recruiter needs to find a way to sort all the candidates and we put the information into a consistent format that makes the process easier," he said.
MagnaWare software can read an estimated 117 languages, he said. MagnaWare currently has about 25 customers, mostly large U.S. companies, including Mellon Bank and the popular online merchant Amazon.com. The company's chief competitor is Resumix, owned by Yahoo Inc.