Afternoon News
Cognavi India and SRM Group Launch AI-Powered Job Portal to Transform Recruitment for 9 Million Fresh Graduates
JULY 13, 2023
Cognavi India, a subsidiary of Forum Engineering, is partnering with India's leading Education and Consulting Group, SRM, to launch an Artificial Intelligence-powered Job Portal in India. The platform aims to redefine the recruitment process by connecting job seekers directly with companies based on their skills and characteristics. The partnership is a tripartite investment collaboration between Forum Engineering Inc.,CRESCO Ltd., and SRM Global Consulting Private Ltd. The platform aims to connect 90 lakh freshers annually in India, addressing the challenges of the Indian market, where approximately 9 million job opportunities are minted annually. Cognavi India is targeting a burgeoning job market with government programs like 'Atmanirbhar Bharat' and 'Make in India.' The platform will connect job seekers with recruiters, fostering a 'Design India' vision and bridging the supply-demand gap forentrepreneurs and multinationals. Cognavi India plans to launch operations from the State of Tamil Nadu, which has a population of around 8 crores and more than 500 institutions.
With the collaboration with SRM Group, Cognavi will have access to over 40,000 students and attract over 1.2 million (12 Lakh) students over a period of 4 years. The platform will operate a fully localized website in India and gradually expand its services to the rest of India.
The Cognavi platform features a Resume Builder, Job Position Matching capability, and a unique 'Human AI' Personality Assessment tool, which transcends traditional academic achievement norms and evaluates basic personality aspects like BIG5 and OCEAN in a simple 20-question evaluation process.