Jahnavi– How exactly does TurboHire help in building the recruitment process?
Deepak– TurboHire is a cutting-edge end-to-end recruitment automation solution that harnesses the
power of AI and natural language processing (NLP) to help organizations make faster and
smarter hiring decisions. Our advanced technologies empower recruiters to efficiently screen
candidates using AI-based tools and connect with passive job seekers through targeted
outbound recruiting campaigns on LinkedIn and email.
At TurboHire, we understand the potential of passive candidates who may not be actively
searching for new job opportunities but could still be an excellent fit for the organization. Our
solution allows TA professionals to conduct intelligent interviews, automate various hiring tasks
such as communication and scheduling, and evaluate applicants’ capabilities with ease using
our assessment tools.
Unlike traditional recruitment solutions that rely on the System of Recruitment Execution, we
focus on the System of Recruitment Automation, enabling HR professionals to streamline their
company’s recruitment process with a near-zero margin of error. Our cutting-edge platform
reduces recruitment time and costs while delivering improved candidate experiences and quality
hires. With TurboHire, you can transform your recruitment process and take your organization to
the next level.
Jahnavi– What was the major idea behind the company when it was initially started?
Deepak– TurboHire is the brainchild of Deepak Agrawal, the co-founder, and CEO of the company.
While serving as the Director of Career Advancement Services (Placement) team at the Indian
School of Business, he gained extensive experience and insights into the recruitment process,
including the gaps that existed between recruiter requirements and candidate resumes. His
interactions with recruiters and candidates provided him with a deeper understanding of the pain
points in the recruitment process, leading to the idea of developing a product that could
contextualize the information on a resume quickly, thus accelerating the shortlisting process.
With this vision in mind, Deepak Agrawal was joined by several other industry experts, each
bringing their functional expertise to the table. On March 20, 2019, TurboHire was officially
incorporated, and its headquarters were set up in Hyderabad.
Since its inception, the company has continued to develop innovative solutions to revolutionize
the recruitment process, providing recruiters with an efficient, AI-powered platform to make
faster, data-driven hiring decisions.
Jahnavi– Considering Turbohire focuses a lot on teamwork in general, how do you manage to
create a healthy environment amongst all the employees?
Deepak– TurboHire’s healthy environment is created through its unique leadership model, where its
10-member leadership team works together as a family of ‘TurboHumans’. Unlike the typical
founder-led start-up model, its leadership team, which includes former entrepreneurs and senior
executives from major MNCs, considers itself an equally led team. This collaborative approach
to leadership promotes teamwork, trust, and inclusivity, which creates a healthy environment for
all employees. We also tend to following some of the below listed strategies to get our team
involved in it entirety –
- Clear Communication: Encourage open and transparent communication among team
members to promote trust and respect. - Recognize and appreciate team members: Regularly acknowledging team members
for their contributions and hard work can go a long way in creating a positive and healthy
work environment. - Encourage collaboration: Encourage team members to collaborate and work together
on projects, this can help build strong relationships and promote teamwork. - Set realistic goals: Setting achievable goals and timelines can help reduce stress and
pressure on the team. - Foster a culture of growth and learning: Encourage and provide opportunities for
continuous learning and development to help team members grow and thrive. - Promote work-life balance: Ensure team members have a healthy work-life balance by
offering flexible work arrangements and encouraging them to take breaks and time off
when needed.
In short, creating a healthy work environment requires a conscious effort from the organization’s
leadership and its employees. By following the above strategies, Turbohire has managed to
build a positive and supportive team environment.
Jahnavi– What are the major points which focus on the growth of the business? How do you
manage to form this growth plan for Turbohire in general?
Deepak– In 2023, the technology and business industries will focus on three major areas:
automation, engagement, and intelligence.
Automation will play a critical role in recruiting, as we develop an auto recruiter to assist with
day-to-day tasks such as sourcing, interviewing, and reviewing resumes. By automating these
processes, recruiters can focus on building relationships with candidates and identifying the
best fit for the organization. Additionally, we will create an auto job description assistant that will
help recruiters quickly generate job descriptions based on required skills and work experience.
Engagement will be a top priority as we seek to leverage the power of mobile devices. We will
develop a process that enables candidates to provide all necessary information through
messaging platforms such as WhatsApp, thus streamlining the hiring process and enhancing
candidate experience. By focusing on engagement, we can build stronger relationships with
candidates and create a more positive image for the organization.
Intelligence will also be a critical area of focus as we strive to develop an automated interview
process that leverages the availability of both recruiters and candidates. Additionally, we will
incorporate predictive analytics to help identify which candidates are most likely to accept a job
offer, allowing recruiters to focus their efforts on the most promising candidates. By leveraging
intelligence, we can streamline the recruitment process and make it more efficient and effective.
Overall, the technology and business industries will be focused on developing innovative
solutions to automate, engage, and leverage intelligence to optimize the recruitment process in
2023.
TurboHire is committed to expanding its global reach and generating at least 25% of its total
revenue from outside India over the next six months. With an already established client base in
eight countries, we are focusing our efforts on expanding into North America, Australia, the
Middle East, and APAC markets where we have a strong presence.
As we pursue global expansion, our objective is to maintain a steady 20% month-over-month
growth rate. We will prioritize enterprise-level clients with 1000+ employees, offering them the
highest level of service and support.
TurboHire’s mission is to provide innovative recruitment solutions to companies around the
world, and we are confident that our expansion plans will enable us to reach and serve more
clients. We will continue to invest in technology, research, and development, and work closely
with our clients to deliver the best possible recruitment experience.
Jahnavi– How do you tend to form strategies for the company?
Deepak– We are thrilled to share that our team has achieved remarkable progress in the last year,
growing to a team of 65 members and expanding our operations across eight countries. With
immense gratitude, we announce that we have recently secured $2 million in funding, which will
fuel our efforts to further scale our international presence in key regions such as APAC,
Australia, the Middle East, and North America. Our goal is to increase revenue from global
clients to at least 25% of our overall revenue by 2023.
As we strive to continuously improve our services, we have identified automation as a top
priority. We aim to increase our automation capabilities from 85% to 95%, streamlining our
hiring process by incorporating an auto-recruiter with a ‘TurboMode’ feature for recruiters. With
these upgrades, we anticipate significant efficiency gains, enabling us to deliver even better
results for our clients.
Looking forward, we remain committed to our impressive 20% month-over-month growth rate
and expanding our client base to include more large enterprises with 1000+ employees. Our
team is deeply passionate about delivering the highest quality services to our clients, and we
are confident that our continued efforts to improve and innovate will propel us towards even
greater success in the future.
Jahnavi– How does Turbohire provide candidate filtering and selection with nearly 100%
accuracy?
Deepak– Recruitment today involves a total of 39 different activities across 5 different stages of
recruitment:
● Candidate Sourcing (10 Activities)
● Pre-Screening (9 Activities)
● Skill Assessment & Interviews (9 Activities)
● Offer & Onboarding (7 Activities)
● HR Operations (4 Activities)
TurboHire offers an innovative recruitment automation solution that seamlessly integrates with a
company’s existing HRMS or HCM platform, allowing for automatic data feed upon candidate
selection and informed hiring decisions. With TurboHire’s intelligent AI and machine learning
technology, organizations can revolutionize their recruitment process, catalyzing hiring
decisions, and reducing the cost of bad hires, a crucial metric that correlates to a company’s
profitability. By introducing efficiency and automation into the recruitment process, TurboHire
streamlines workflows and improves the quality of hires.
TurboHire’s competitive edge lies in two key features. Firstly, its AI technology utilizes data-
driven insights to match the perfect talent to a role while ensuring that human-like insights are
curated. This approach takes into account specific details such as academic backgrounds, alma
mater, business experience, and other relevant factors, leading to a 15% better outcome and
helping to prevent bias in the recruitment process. With TurboHire, organizations can rest
assured that they are hiring the best talent for the job.
Secondly, TurboHire provides 85% automation in the recruitment process, with a significant
focus on AI-based screening. This feature is unique to TurboHire, making it the go-to platform
for precision recruitment. With the goal of achieving 95% automation by the end of 2023, the
company is committed to empowering recruiters through the “TurboMode” feature. This feature
leverages recruiter bots for operational tasks, enabling recruiters to concentrate on more
significant tasks and make informed hiring decisions quickly.
TurboHire offers a cutting-edge recruitment automation solution that combines AI and machine
learning technology with human-like insights to revolutionize the recruitment process. With
TurboHire, organizations can achieve efficiency, accuracy, and cost-effectiveness in their
recruitment efforts, resulting in high-quality hires and increased profitability.
Q.7 What according to you are the expected trends in the HR tech industry in 2023?
Ans: Based on current industry scenario, we anticipate that the following HR trends will
dominate in 2023:
● Technological Developments 2.0 – The HR technology market is expected to grow to
$35.68 billion by 2028, driven by the increased use of analytics tools powered by AI.
These tools will leverage data-driven analytics and predictive analysis to uncover
opportunities for informed decision-making, benefitting both HR managers and business
leaders alike. New HR technology will continue to evolve, making HR processes more
efficient and effective.
● Focus on Total Quality Management (TQM) – In 2023, total quality management will
evolve to include employee satisfaction as a critical component of long-term success.
TQM strategies will use data, effective communication, and employee well-being to link
people-centeredness and company culture. Businesses will develop their strategies,
communication, and preparedness policies with employee well-being as a guiding
principle.
● Automated Talent Acquisition – Technology will increasingly replace human interaction in
talent acquisition. Virtual assistants will schedule interviews, chatbots will automate
physical tasks, and other automation tools will perform redundant tasks. Blockchain
technology will enhance HR strategies by providing data encryption and process
transparency, making hiring rules clearer and ensuring fair hiring practices.
The HR landscape in 2023 will be shaped by advancements in technology, increased focus on
employee well-being, and automation of HR processes. Businesses that embrace these trends
will be well-positioned to attract and retain top talent while staying competitive in their industries.
