Talent Nexus is a innovative platform designed to address the evolving challenges of the recruitment industry. Traditional hiring methods are increasingly ineffective in a competitive job market where both recruiters and job seekers face numerous obstacles. Talent Nexus bridges this gap by leveraging AI-driven technology, community engagement, and a comprehensive approach to career development.

Problem Description

Recruiter Challenges:

  • High volume of applications: Average corporate job opening attracts 250 resumes (Source: Glassdoor).

  • Quality of hires: 95% of companies make bad hiring decisions annually (Source: Brandon Hall Group).

  • Time-to-hire: Average is 24 days; top candidates are gone in 10 days (Source: Glassdoor).

Job Seekers Challenge:

  • Lack of feedback: 75% of candidates never hear back after applying (Source: CareerArc).

  • Overwhelming job listings: Millions of postings across platforms (Source: Indeed).

  • Uncertainty about job fit: 43% of job seekers worry about cultural fit (Source: Jobvite).

Our Solution

AI-Driven Matching Engine:

  • Personalizes job matches based on skills, experience, and cultural fit.

Virtual Cultural Fit Assessments:

  • Provides detailed insights into company culture.

Automated Feedback and Insights:

  • Delivers personalized feedback and data analytics.

Skill Gap Analysis and Development:

  • Recommends courses and certifications.

Real-Time Job Alerts and Market Trends:

  • Keeps users informed about relevant opportunities.

Mentorship and Networking:

  • Connects jobseekers with industry mentors.

Automated Service:

  • Automate the generation of professional, standardized CVs that highlight skills and experience, match these CVs with suitable job postings, and send applications automatically.

Market Opportunity

Total Addressable Market (TAM):

  • $200 billion.

  • Global recruitment industry.

Serviceable Addressable Market (SAM):

  • $30 billion.

  • Focusing on AI-driven recruitment solutions

Serviceable Obtainable Market (SOM):

  • $3 billion.

  • Targeting early adopters in tech and remote work industries.

Growth Drivers:

  • Rise of remote work: 74% of organizations shifting towards remote work (Source: Gartner).

  • Increasing emphasis on cultural fit: 77% of jobseekers consider company culture (Source: Glassdoor).

  • Demand for skill development: 87% of executives foresee skill gaps (Source: McKinsey).

Competitors

LinkedIn:

  • Strong networking and professional branding.

Indeed:

  • Comprehensive job search but lacks deep personalization.

Glassdoor:

  • Focus on company reviews but fewer job listings.

Monster:

  • Established brand but outdated user experience.

Talent Nexus Differentiation:

  • Holistic approach combining job matching, cultural fit, feedback, and mentorship.

  • AI-driven personalization for both recruiters and jobseekers.

Business Model

Freemium Model:

  • Free access to basic features for jobseekers and recruiters.

  • Premium subscriptions: Advanced analytics, priority listings, enhanced candidate search.

Partnerships:

  • Educational institutions and online course providers for skill development.

  • Industry experts for mentorship programs.

Talent Analytics and Insights:

  • Advanced data analytics services for companies.

Funding Requirements

  • Funding needed: $850,000

  • For the 12 months

Our Team

Dr. Davit Sahakyan


Founder and CEO, 25+ years experience in Management, 30+ years experience in Math and Data Science.

Liana Khachatryan


Founder and CPO.

Garry Nazaryan


Founder and CTO, 25+ years experience in Fullstack and Mobile Development.

Diana Khachatryan


Founder and CMO.