Employee Benefits,Workers Compensation

Innovation Minds announces a holistic Rewards-as-a-Service model for managing Rewards, Recognition and Redemption Programs

Innovation Minds | November 23, 2022 | Read time : 04:00 min

Innovation Minds announces a holistic Rewards-as-a-Service model
Innovation Minds, a Silicon Valley-based company, announced today the launch of their new Rewards-as-a-Service solution. With this solution, Innovation Minds is enabling companies to offer their employees tailored reward options in order to increase talent retention and satisfaction.

Motivating and rewarding employees is one of the top challenges facing organizations today. In fact, according to a recent survey, more than 60% of respondents say their company struggles to motivate and retain top talents. The Innovation Minds team is uniquely positioned to help companies with this challenge by providing personalized rewards service that creates experiences where employees are engaged and motivated throughout the day.

With this solution, companies can customize rewards based on data insights, such as reward preferences and demographics. It offers a self-service platform to let companies update or make changes to their rewards program for their employees. It also allows employees to get real-time notifications when they earn a reward and they can redeem it on their device with just a click, creating a seamless and enjoyable experience for employees.

"We believe this is an important step forward in helping employers create a more elevating work environment, Innovation Minds is focused on helping businesses create positive and engaging employee experiences. By making the rewards experience easier and more enjoyable, we are helping our customers deliver more value faster."

- Innovation Minds CEO Bala Balasubramaniam

The Innovation Minds team integrated their patented concept ‘Earn-Your-Pride-To-Reward-Your-Peers’, an innovative framework that allows employees to exchange appreciation for each other’s contribution, encouraging employees to make deep, personal connections with their team members and see how their position affects the work of others. Mike Lella, Head of Business Development added, The idea of receiving reward from an accomplished peer is much more meaningful than simply receiving recognition from management alone. Simultaneously, this notion is also encouraging a self-sustainable culture of engagement because the awardees get to enjoy the privilege of earning AND giving.

The solution features a wide range of reward options that supports 594 global brands, 45 countries and 28 currencies, customizable for each company's specific needs while being aligned with their company values. It also provides HR teams and managers with tools to measure the success of their campaign and track results.

We understand that rewards are often not enough to keep your employees motivated at work. It's about more than just giving out candy it's about creating an environment that makes work rewarding in itself. This latest upgrade will allow us to support even more companies in their efforts to drive employee engagement and retention, said Maria Bolo, Head of Customer Success at Innovation Minds.


In this insightful video, Anequim tackles the challenge of holding remote employees accountable. Drawing from expert advice and proven strategies, Anequim shares valuable tips on how to set clear expectations and goals for remote teams. Discover how regular check-ins, effective communication, and providing feedback can foster accountability in a virtual work environment. Anequim emphasizes the importance of building trust and maintaining human contact to keep remote employees engaged and motivated. Unlock the secrets to successfully holding remote employees accountable with Anequim's practical insights.


In this insightful video, Anequim tackles the challenge of holding remote employees accountable. Drawing from expert advice and proven strategies, Anequim shares valuable tips on how to set clear expectations and goals for remote teams. Discover how regular check-ins, effective communication, and providing feedback can foster accountability in a virtual work environment. Anequim emphasizes the importance of building trust and maintaining human contact to keep remote employees engaged and motivated. Unlock the secrets to successfully holding remote employees accountable with Anequim's practical insights.

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Recruiter.com and millionways Forge Partnership to Apply AI-Powered Personality Evaluation to Hiring

Accesswire | June 26, 2023

Recruiter.com Group, Inc. (NASDAQ:RCRT, RCRTW), a provider of on-demand recruiting solutions, and millionways Inc., a trailblazer in emotionally-intelligent AI technology, are pleased to unveil a partnership to develop an AI-Powered Personality Evaluation Tool for recruiters and human resource professionals. The alliance is poised to redefine the HR landscape by utilizing millionways' cutting-edge AI, which is exceptionally skilled in generating an empathetic and nuanced understanding of individuals. By integrating this sophisticated technology, Recruiter.com will give HR professionals crucial insights into candidates' personalities, values, and motivations, paving the way for astute and informed hiring decisions. The partnership between millionways and Recruiter.com involves both a revenue-sharing agreement and a mutual equity investment strategy. In detail, both entities are in the process of discussing mutual equity grants, where each company could potentially receive up to $500,000 in value in the other through an exchange of equity. Additionally, Recruiter.com has agreed to pay millionways a licensing fee based on a revenue-sharing model. Under this agreement, millionways will receive fifty percent of the net revenue that stems from the product sales. Martin Cordsmeier, Founder and CEO of millionways, expressed his enthusiasm: "Our partnership with Recruiter.com epitomizes millionways' dedication to augmenting human potential through technology. By incorporating our AI into the HR process, we optimize recruitment and revolutionize how companies comprehend and engage with talent. This innovative use of AI heralds a transformative leap toward cultivating more harmonious and productive workplaces." Miles Jennings, CEO of Recruiter.com, added, "We are exceedingly excited to join forces with millionways. Their emotionally-intelligent AI will empower HR professionals with valuable insights. This tool is set to revolutionize talent acquisition and hiring, assuring that the right individuals are assigned to the right roles, fueling success and innovation." Diving into the technical aspect, millionways' AI system is founded on scientific and psychological principles. It employs a machine learning categorizer based on the Naive Bayes Natural Language Processing (NLP) Classifier. The AI can engage users in a conversation through a chat-based or voice-based interaction or analyze user-generated texts that are already available such as emails or messages. Utilizing between 3,000 and 5,000 words and leveraging the PSI theory psychological model, it predicts various personality traits, such as the person's motivation, behavior, and compatibility with other people. The system constantly learns and evolves through statistical analysis and feedback loops, making it incredibly accurate and reliable. This partnership marries millionways' technological prowess in AI with Recruiter.com's expertise in recruiting solutions. Together, they are set to usher in an era of intelligent, data-driven recruitment that harmonizes talent acquisition with the evolving needs of businesses and candidates alike. About Recruiter.com Group, Inc. Recruiter.com is an on-demand recruiting platform providing flexible talent acquisition solutions that scale from startups to the Fortune 100. With an on-tap network of thousands of recruiting professionals and recruitment marketing automation, Recruiter.com helps businesses solve today's complex hiring challenges. About millionways, Inc. millionways created the world's first emotionally-intelligent A.I. assessment tools, providing next-gen personality insights. Founded in New York, NY in 2021, millionways' disruptive technology is based on first time-digitalized PSI theory, natural language processing, meets several "zeitgeist topics" and can be utilized for B2B and B2C, which makes it a potential - currently untouched - billion dollar market opportunity. millionways was developed, and is continually evolving, through its team of renowned scientists, developers, psychologists, philosophers, deep thinkers, and people who use it.

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CareerBuilder Launches Pay Per Resume: Say Goodbye to Traditional Hiring Costs

PR Newswire | August 22, 2023

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Talent Acquisition, Employee Benefits

Harver Launches AI-powered Harver CHAT™ Solution to Optimize Candidate Engagement in Hiring

PR Newswire | August 14, 2023

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