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.
About Reejig
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.
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TALENT ACQUISITION, RECRUITMENT & RETENTION
PRweb | April 03, 2023
Jobma has announced a significant update that will leverage the power of Artificial Intelligence to provide recruiters and Hiring Managers with more meaningful information for making better hiring decisions. This update includes innovative features that streamline the interview and screening process using video interview software.
One of the most exciting new features is AI Transcription, which automatically transcribes video interviews into text format. With AI Transcription, recruiters can quickly review and analyse candidates' responses, saving valuable time and making more informed hiring decisions. These transcriptions can also be shared along with the interview videos with other stakeholders.
Jobma’s AI Interview transcriptions can be an invaluable tool for hiring candidates. Transcribing interviews taken by Jobma’s video recruiting software can help keep accurate interview records. To Jobma’s users, this can be helpful in situations where they need to revisit the interview notes to make informed hiring decisions.
Another critical feature is AI Emotional Analysis, which enables Jobma's users to analyse a candidate's emotions during a video interview using the power of Artificial Intelligence. This gives recruiters valuable insights into the candidate's emotional state, which can help make informed hiring decisions.
Jobma’s AI emotional analysis will help its users improve the interview process by providing additional insights into a candidate's emotional responses and thereby reducing the potential for bias. By leveraging this technology, Jobma hopes organizations can make the interview process more effective, efficient, and fair.
Jobma has also introduced Live Proctoring, an advanced feature that enables recruiters to monitor and control online interviews or exams in real time. This feature helps ensure the hiring process is fair, unbiased, and transparent by detecting and preventing cheating or other forms of misconduct.
Live Proctoring provided by Jobma can be incredibly flexible. Just like its Video interview software suite, it can fit any specific use case - recruitment or non-recruitment- perfectly without changing how Jobma’s users hire or evaluate candidates. It also creates a fairer interview process, leading to better-quality candidates coming through the interview pipeline. And lastly, Live Proctoring can also help users judge a candidate based on their actual performance in a Live environment.
In addition to these new features, Jobma has also improved its existing branding features based on user feedback. Interview branding has been revamped, enabling users to set up interviews with multiple branding options. This is particularly useful for Staffing and Recruitment firms that need to set up interviews for numerous clients.
"It is our pleasure to present Jobma's latest features, including AI Transcription, AI Emotional Analysis, and Live Proctoring, which have been meticulously crafted over several years to provide our clients with ethical AI solutions. We are optimistic that these new features and improvements will completely transform the hiring process for our clients by offering them the valuable advantages of AI technology, helping them to hire more efficiently, effectively, and economically."– said Krishna Kant, Jobma’s Managing Partner.
Jobma is an award-winning Digital Interview Software used by companies of all sizes to hire better candidates in a shorter period. These new features and improvements, Jobma continues to be the leading Video Interview software solution in its category.
These new features are available immediately to all Jobma users. Current users can contact the Jobma support team to upgrade and use these new features and improvements.
About Jobma
Jobma is a Digital Interview Software company specialising in providing software solutions for recruitment and the HR industry. With over a decade of industry experience, Jobma has become a trusted provider of Video recruiting software solutions. Its mission is to help democratise access to cutting-edge recruitment technology.
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HR ANALYTICS, TALENT MANAGEMENT
PRnewswire | April 13, 2023
Factorial, an HR software company that streamlines people management, is thrilled to announce that it has chosen Miami, Florida as the location for its new US headquarters. The announcement comes on the heels of a $120M C round and $1B valuation.
The move for Factorial, a newly minted tech unicorn, comes on the heels of its unprecedented growth in the HR tech sector. The new office will serve as the company's regional headquarters for the North American region, providing support to its growing customer base in the area. Spearheading the growth as Head of North America is Peter Santis, seasoned sales executive and go-to-market expert. With the team's recent growth and its ongoing recruitment efforts, Factorial is well-positioned to continue its rapid expansion in the region.
"Factorial is placing a big bet on Miami as its North American hub and with that, we are thrilled to support the fast-growing tech ecosystem in Miami," said Jordi Romero, co-founder and CEO of Factorial. "This facility will allow us to better serve our customers and partners in the region, and to provide a great work environment for our employees."
"Factorial's decision to open their headquarters in Miami is a testament to the work we have done to build an ecosystem that brings high-paying careers to Miami," said Mayor Francis Suarez. "We are enthusiastic to see how their success continues to unfold from the Magic City, and to witness their positive impact within our community."
The 5,000-square-foot Factorial Miami hub will be located in the Latitude One space. The location provides easy access to the city's major transportation hubs and key business and residential areas. Factorial will be kicking off their Miami arrival by attending eMerge Americas April 20-21 2023 at Miami Beach Convention Center.
About Factorial
Founded in 2016, Factorial offers people-centric solutions for HR teams, automating processes so they have more time to dedicate to the people within their organization. With over 75,000 users across 65+ countries, Factorial serves clients such as KFC, Booking.com, and Whisbi. Factorial became Europe's newest Unicorn in 2022 following a Series C investment round. For more information, please visit FactorialHR.com.
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