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June 5, 2014

German company develops technology to address job mismatch

, the latest innovation from the German IT provider- ISI Teletrade, was introduced during the press briefing held at the Dohle Haus, Makati City, June 5, 2014.

A new job search engine site created by German and Filipino web developers is offering a cool way to help you land in a job that suits your skills and at the same time, relieves employers from the stress of hunting for the right talents. is launched simultaneously here in Manila and in Germany to address the lingering problems of job mismatch. The Philippine Statistics Authority (PSA) pegged underemployment or those still looking for another job at 7-million while unemployment is at 2.96 million. is the latest innovation from the German IT provider- ISI Teletrade which uses an intelligent software that recognizes suitable talents while blocking those unmatched applications.

ISI Teletrade, a member of the German-Philippine Chamber of Commerce and Industry (GPCCI) has 35 years of experience in marketing and 'sales psychology' and founded in Bochum, Germany. It has 150 competent staff in three offices in the Netherlands, Curacao in the Venezuelan coast and now the Philippines.

Mr. Peter Steinbach, the brains behind His company is one of the first few members of the German-Philippine Chamber of Commerce and Industry. GPCCI has been encouraging German SMEs to invest in the Philippines and ISI Teletrade, the mother company of, is among those who responded.

In a press briefing Thursday morning, ISI Teletrade founder and creator Peter Steinbach said the program will practically reduce by 90 per cent the effort and time of both employers looking for the right talents and applicants looking for the right jobs to match their skills.

How it works

First, employers post a job opening advertisement with content-related categories on the skills requirements.

Applicants will only need to click on keywords to fit their skills qualifications with the requirements of the job opening.

The software program sends 'bidder flags' or the pink colored star to the employers to indicate that there are qualified applicants who have expressed interest.

The bidder flags will remain invisible to the applicants until the employers decide to contact them for additional documents such as Resume' and other requirements.

Job hunters on the other hand, can create profiles where they can indicate their skills and the job they are looking for. The program can detect if there are job openings that match the job hunter’s skills and the would-be employee will then be flagged about the match.

The program is an innovation from the out-dated job search engines where an individualized application letter is sent along with resume, certificates and documents that mostly contain errors from typos, wrong address and incomplete information.

PH as perfect market

The Philippines is a perfect market for owing to the hundreds of thousands of job openings by foreign and local investors now taking advantage of the country's emerging economy.

The latest job search innovation by also addresses the difficulty of new graduates and those who are still looking for jobs that suit their skills to find the right employment. Getting hired in a profession that suits ones skills allows both employee and the company to grow simultaneously.

Figures from the Commission on Higher Education (CHED) show that there are 700,000 new college graduates every year but only 20 per cent of them actually get jobs. The rest remain unemployed or seek jobs abroad.

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