WORKFORCE MANAGEMENT, HR STRATEGY
PRweb | May 02, 2023
Today at the UNLEASH America conference, Reejig, the global leader in workforce intelligence, announced its new Work Ontology™, which unbundles traditional job architectures to atomized components such as skills required, tasks and task adjacency, requirements, and time allocated. Reejig customers can now achieve their workforce optimization goals with personalized, actionable, real-time insights that support the redistribution of work to the most efficient and innovative resources, embrace emerging work technologies and automation, and match their employees, candidates and contractors to meaningful careers.
“The world is going through an enormous paradigm shift in the way that we traditionally have organized around jobs and employees. Not only are employers having to respond and adjust to new ways of working since the pandemic, but they also must consider how to integrate rapidly-evolving technologies like artificial intelligence into their workforce strategies,” Reejig CEO and co-founder Siobhan Savage said.
As work evolves into a combination of jobs, projects, and gigs, companies must have the tools to unbundle work and optimize the allocation of tasks to workers, including full-time, part-time, gig, internal and external talent, and bots powered by generative AI.
In a new report, Goldman Sachs’ economists estimate that roughly two-thirds of U.S. occupations are exposed to some degree of automation by AI. Of those occupations that are exposed, roughly a quarter to as much as half of their workload could be replaced. But not all that automated work will translate into layoffs. According to the report, “Although the impact of AI on the labor market is likely to be significant, most jobs and industries are only partially exposed to automation and are thus more likely to be complemented rather than substituted by AI.”
The Reejig Work Ontology addresses the limitations of traditional workforce operating systems, which have long been based on job titles and jobholders, lacking visibility into the true skills and potential of their employees. It is responsive and dynamic by nature, continuously extracting and inferring from the most comprehensive set of data in the industry to create highly intelligent common language and insights around each unique organization’s work.
“The power of a dynamic, three-dimensional skills ontology has empowered our customers to do some amazing things,” said Reejig Chief Customer Officer and Founder Mike Reed. “But now that we can support organizations to break down and decode jobs into atom-like tasks and molecule-like projects, matched with a similar understanding of their peoples’ skills we have closed a cumbersome gap on the journey to organizational agility.”
The Reejig Work Ontology, when used alongside the Reejig Skills Ontology, enables organizations to:
Gain 100% visibility of their workforce's skills and potential
Understand all the work that exist within the organization and the requirements for success
Break down work into skills required, tasks, requirements, and time allocated
Efficiently allocate work to alternative workers, contractors, alumni, or bots
Embrace workforce automation and unlock workforce agility and optimization at scale
By understanding the relationships between detailed job components and people’s competences, experience, education, passions and preferences, Reejig’s central nervous system empowers organizations to achieve groundbreaking business results, including:
Greater workforce agility: Deconstructing jobs allows for more flexible and adaptive work arrangements, enabling organizations to quickly adjust to changing market conditions and take advantage of new opportunities.
Increased productivity: Having a detailed view of complex tasks into smaller, more manageable pieces, workers can focus on the areas where they excel, leading to higher-quality output and faster completion times.
Enhanced employee engagement: Giving employees more control over their work and providing them with the opportunity to work on a wider variety of tasks can increase their engagement and job satisfaction, and, in turn, reduces turnover rates and builds company loyalty.
Cost savings: A detailed and relational view of work and skills across the organization helps eliminate unnecessary roles or functions and reduce inefficiencies and redundancies.
The Reejig central nervous system is powered by the world's first independently audited Ethical AI. Its algorithms and models are compliant with global regulations on equal opportunity, anti-discrimination, anti-bias, and human rights — meaning all recommendations are based solely on skills and potential — not personal characteristics. Each customer's unique workforce intelligence delivers gender-balanced shortlists, diversity signals on candidates so you can hire and mobilize talent inclusively and fairly.
“We really saw a need from business leaders to have a actionable and achievable pathway into this future way of thinking — one that not only reduced administrative burden for their operations and people teams, but also one that they can trust will help make the most ethically sound decisions and build a world-class experience for their people.” Savage said.
Reejig is the leading global provider of workforce intelligence solutions. Using audited Ethical Talent AI, the company helps organizations manage their talent more effectively and create a world with Zero Wasted Potential™ in people, business, and society. Reejig's proprietary Talent Intent™ model uses artificial intelligence to analyze and predict an individual's career goals, potential, and preferences. Reejig's workforce intelligence platform drives value across an organization's full HR technology stack, seamlessly integrating with other HCM systems and nudging employees to action in the flow of work. Reejig is trusted by some of the world's leading global enterprises, including KPMG, Lendlease, Reckitt, Grab, AWS, Allianz and more.
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.
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.