Thinking inside the box

By now quantitative investing, where computers screen stocks without human intervention, has taken its place among institutional investors. But how about quants for human resources at asset management firms?

Franklin Templeton Investments in San Mateo, Calif., is using a quant screen for applicants, where computers, not people, read and sort resumes, looking for the next … uh … Sir John Templeton.

Under “resume tips” for careers at the firm, its website notes:

“We utilize the latest technology in electronic applicant tracking, to assist in identifying and hiring the best candidates for our openings. Once we receive your resume, it will be scanned into a database where it will be matched to open positions for which you possess the appropriate qualifications.

“Tips to maximize the computer’s ability to read your resume …

“Use a font size of 10 to 14 points. Avoid italics, underlines, shadows, reverses, boxes, graphics and vertical and horizontal lines …

“Place your name at the top of the page on its own line. Use a standard address format below your name. List each phone number on its own line …

“Use terms and acronyms specific to your industry. Use key words to describe your skills, experience, professional affiliations, etc.”

The tips leave no room for creativity, or experience paths outside the grasp of the computer. In other words, as one might construe the tips, don’t think outside this box, and forget the cover letter.