HR ANALYTICS, WORKFORCE MANAGEMENT
PRnewswire | June 02, 2023
Eightfold AI, the leader in AI-powered talent intelligence, today announced their live implementation with Faurecia, a FORVIA Group company. Faurecia leverages Eightfold AI's Talent Acquisition and Talent Management offerings to further modernize its hiring programs leveraging the most advanced technology and employee experience.
Additionally, Faurecia is leveraging Eightfold AI's Talent Intelligence Platform to source more candidates from their existing Applicant Tracking System (ATS). Through Eightfold AI's skills database, Faurecia projects measurable improvements to the effectiveness and efficiency of its entire talent operation. Moreover, Eightfold's bias-reduction capabilities are key to Faurecia's ongoing commitment to make diversity, equity, and inclusion (DE&I) a core component of its workforce.
"We're a great company, and that means recruiting great talent, and enabling them to continue growing once they've joined our organization is our priority." said Jean-Pierre Sounillac, Faurecia Executive Vice President Group Human Resources.
"Faurecia is up-leveling their talent operation by creating a consistent global experience and connecting its talent acquisition with the upskilling of their employees," said Ashutosh Garg, CEO and Co-founder at Eightfold AI. "Their strategy to become a skills-based organization will serve as the model for future-ready organizations going forward."
Eightfold AI offers a single Talent Intelligence Platform that provides a consistent experience for recruiters, hiring managers, and employees. As a result, companies can consolidate the capabilities of their existing HR technology investments into one cohesive offering that can be leveraged globally, furthering a company's digital transformation.
By analyzing anonymized data points, the Eightfold Talent Intelligence Platform improves hiring, engagement, retention, and DE&I processes. Enterprise customers have achieved results for talent acquisition including 35 percent faster time-to-fill across all positions, 50 percent greater recruiter efficiency, 60 percent higher qualified candidate volume, 88 percent increase in employee referrals, and 19 percent increase in hiring of female candidates, among other verified outcomes.
About Eightfold AI
Eightfold AI's market-leading Talent Intelligence Platform™ helps organizations retain top performers, upskill and reskill their workforce, recruit talent efficiently, and reach diversity goals. Eightfold's patented deep learning artificial intelligence platform is available in more than 155 countries and 24 languages, enabling cutting-edge enterprises to transform their talent into a competitive advantage. For more information, visit www.eightfold.ai.
Faurecia, company of the Group FORVIA, is a global automotive technology leader. With 257 industrial sites, 39 R&D centers and 111,000 employees in 33 countries, Faurecia operates through four areas of business: Seating, Interiors, Clarion Electronics and Clean Mobility. In 2021, the Group reported total turnover of €15.6 billion. Faurecia is listed on the Euronext Paris market and is a component of the CAC Next 20 index. www.faurecia.com
FORVIA, the world's seventh largest automotive technology player, comprises the complementary technology and industrial strengths of Faurecia and HELLA. With over 300 industrial sites and 66 R&D centers, 150,000 people, including more than 35,000 engineers across 40+ countries, FORVIA provides a unique and comprehensive approach to the automotive challenges of today and tomorrow. Composed of 6 business groups with 24 product lines, FORVIA is focused on becoming the preferred innovation and integration partner for OEMs worldwide. The Group provides solutions for a safe, sustainable, advanced and customized mobility, FORVIA aims to be a change maker committed to foreseeing and making the mobility transformation happen.
EMPLOYEE BENEFITS, PAYROLL
Businesswire | May 04, 2023
Strongpoint Partners (“Strongpoint” or the “Company”), a tech-enabled financial services platform focused on third-party administration of retirement plans, recordkeeping, payroll and HR solutions for SMBs, today announced a new partnership with Retirement Planners and Administrators (“RPA”), a leading retirement third-party administrator (TPA) headquartered in Falls Church, Virginia.
Backed by Shore Capital Partners (“Shore” or “Shore Capital”), a Chicago-based private equity firm focused on microcap investing, Strongpoint combines an integrated software platform for outsourced retirement services alongside a relentless passion for service and innovation. The partnership with RPA comes on the heels of Strongpoint’s recently-announced partnership with Retirement Strategies Group, an independent, TPA firm headquartered in New Orleans, and an exceptional year of business performance and growth in 2022.
Founded in 1969 by Hans Banziger, RPA provides cost-effective, accurate and hassle-free retirement plan compliance administration and open-architecture valuation daily recordkeeping. With the addition of RPA to its family of brands, Strongpoint now has over 3,200 plans under administration, serves clients in more than 35 states, and manages more than $6B in total assets under administration, making the company one of the leading, fully U.S.-based TPA firms in the industry.
“My father, our talented team and I have spent the past 54 years putting our all into building this business, and joining the Strongpoint family is a monumental step for us,” said Richard Banziger, Principal at RPA. “We are proud to be solidifying the legacy of RPA, and it was important to us to partner with an organization committed to building upon that legacy, not replacing it. Strongpoint has already established an incredibly strong foundation with early success and the backing of an experienced capital partner such as Shore, and we are very excited to be invested in the future success of the business.”
“Strongpoint could not be more pleased to welcome RPA into our family,” said Danny Hest, Chief Executive Officer of Strongpoint. “When building Strongpoint, we knew the importance of identifying and partnering with firms that prioritize client service and serving the small and medium-sized business community. Richard shares our passion for bringing the best firms in the industry together to create an unrivaled experience that our clients and partners can rely on. As the industry continues to adapt to constant regulatory change, including upcoming changes to state retirement mandates in RPA’s home state of Virginia, our reach, size, and concentration of experience will ensure we’re better prepared than anyone to serve the needs of small and medium-sized businesses through a continuously evolving regulatory environment.
About Strongpoint Partners
Strongpoint Partners is a fast-growing, tech-enabled financial services platform that provides third party retirement administration (“TPA”), recordkeeping, and integrated payroll and HR technology solutions for small-and-medium businesses. Strongpoint’s suite of services prioritizes accuracy, compliance, and reduction of regulatory risk for its clients, delivered by local client success teams that understand the nuances of the markets they serve. With a coast-to-coast network of leading firms including HowardSimon, Jocelyn Pension Consulting, Retirement Strategies Group (“RSG”), and Retirement Planners and Administrators (“RPA”), Strongpoint Partners combines a relentless passion for service and innovation with the experience and expertise required to make retirement work for everyone. For more information, please visit: www.strongpointpartners.com
About Retirement Planners and Administrators
RPA has proudly served the employee benefits market since its founding in 1969, leading with a customer-centric approach that helped simplify the complicated and made retirement benefits accessible to a traditionally underserved segment of the small and medium-sized business community. Located in Falls Church, Virginia, RPA works with clients across the continental US with a focus on serving the local DMV community. Having navigated the introduction of defined contribution plans such as 401(k) solutions and near-constant regulatory change for over 50 years, RPA is our community’s partner in ensuring everyone has a plan for their financial future. For more information on how we keep our clients compliant while maximizing the benefits of their retirement strategies, please visit us at www.retirementplanners.com.
About Shore Capital Partners
Shore Capital Partners, a Chicago-based private equity firm with offices in Nashville, is focused on microcap investments within the Healthcare, Food and Beverage, Business Services and Real Estate industries. Shore supports management partners with capital, business development expertise and industry knowledge to accelerate growth, fund acquisitions and generate value for shareholders. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow and significant growth potential, including organic growth and growth through industry consolidation. Shore has approximately $3 billion of cumulative capital commitments through various investment vehicles. For more information, please visit: www.shorecp.com.
TALENT ACQUISITION, RECRUITMENT & RETENTION
PRnewswire | June 02, 2023
GoToro, a leading provider of digital job advertising solutions, is proud to announce its official launch as a unified platform, combining the expertise of Fusion RL, Find a Trucker Job (FATj), Find A Nursing Job (FANj), and Talenize. With a decade of experience in the industry, GoToro has purpose-built proprietary technology to streamline and enhance the hiring process for HR and Talent Acquisition departments.
In today's fast-paced and competitive job market, it is crucial for companies to ensure their job posts reach the right audience at the right time. With numerous job sites and boards available, organizations often face the challenge of effectively promoting their job openings while minimizing unnecessary spending on advertisements. GoToro recognizes these pain points and addresses them with its Leading Edge Optimization (L.E.O.) platform.
L.E.O. is a cutting-edge solution that alleviates the stress and headaches associated with sourcing qualified candidates quickly and efficiently. By leveraging advanced algorithms and data-driven insights, L.E.O. optimizes job postings to reach the most relevant and qualified candidates across a vast network of job sites and online platforms. This ensures maximum visibility for job openings while minimizing overspending on ads that do not yield desired results.
GoToro offers a comprehensive range of products and services tailored to meet the diverse needs of HR professionals. The platform enables recruiters and hiring managers to target specific candidate demographics, industries, and regions, allowing them to attract top talent for their organizations effectively. By providing detailed analytics and reporting, GoToro empowers HR teams to make data-driven decisions, monitor campaign performance, and refine their recruitment strategies.
"We are thrilled to introduce GoToro to the market and combine the expertise of Fusion RL, FATj, FANj, and Talenize under one unified platform," said Bruno Stanziale, CEO of GoToro. "Our goal is to revolutionize the hiring process by leveraging our proprietary technology and deep industry knowledge. With GoToro, HR professionals can source qualified candidates faster, more efficiently, and with greater confidence."
As part of the transition, the experienced members of Fusion RL, FATj, FANj, and Talenize have joined forces with the GoToro team. Their collective knowledge and understanding of the digital job advertising industry will be instrumental in enhancing the platform's capabilities and delivering exceptional service to clients.
For HR professionals seeking a seamless and effective hiring process, GoToro offers the ideal solution. By leveraging innovative technology, unparalleled expertise, and a commitment to customer success, GoToro aims to become the go-to platform for talent acquisition and recruitment.
GoToro is a leading provider of digital job advertising solutions, revolutionizing the hiring process for HR professionals. With a decade of experience in the industry, GoToro has developed proprietary technology and a unified platform to streamline and optimize the recruitment process. By delivering targeted and data-driven job postings, GoToro helps organizations attract top talent efficiently and cost-effectively.