Talent Acquisition, RECRUITMENT & RETENTION
Business Wire | August 04, 2023
HireRight Holdings Corporation (NYSE: HRT), a leading provider of global background screening services and workforce solutions, today announced the launch of its new background screening analytics solution, HireRight Insights. Through its modern data visualization and reporting tools, HireRight Insights provides users with actionable insights into their company’s screening activity to help them optimize program performance, monitor program health, and diagnose potential warning signs.
HireRight’s 2023 Global Benchmark Report – based on more than 2,000 survey responses from human resource, risk, and talent acquisition professionals earlier this year – found that 27% of global respondents expect applying analytics to recruiting to be a major challenge between 2024-2026, and 28% reported understaffing in their HR/recruitment teams last year. HireRight Insights can help businesses directly address these challenges, driving productivity by replacing manual – and often time-consuming – data analysis with intuitive analytics dashboards and rich data visualizations, providing presentation-ready graphs and charts at the users’ fingertips.
“HireRight Insights is a powerful analytics solution that empowers customers to better understand the effectiveness of their background screening program,” said Jim Daxner, Chief Digital Officer at HireRight. “It offers businesses a simple, cost-effective way to manage their screening program reporting needs, saving time and internal resources by reducing the administrative burden of manually creating reports and enabling users to focus on tracking key metrics against their business goals.”
HireRight Insights can help tell the story of a customer’s background screening program, with analytics dashboards presenting a program overview, turnaround time, adjudication status, and orders in progress. Additionally, customers can use several filters, including region, country, package, and date, to further refine their results.
HireRight is a leading global provider of technology-driven workforce risk management and compliance solutions. We provide comprehensive background screening, verification, identification, monitoring, and drug and health screening services for approximately 38,000 customers across the globe. We offer our services via a unified global software and data platform that tightly integrates into our customers’ human capital management systems enabling highly effective and efficient workflows for workforce hiring, onboarding, and monitoring. In 2022, we screened over 24 million job applicants, employees and contractors for our customers and processed over 107 million screens.
Oracle | September 22, 2023
Oracle introduces new employee recognition and rewards capabilities within Oracle ME, enhancing the employee experience in Oracle Fusion Cloud Human Capital Management.
Oracle Celebrate, a unique recognition and rewards offering, aims to improve performance, engagement, and retention by personalizing the employee experience.
Features of Oracle Celebrate include peer-to-peer recognition, AI assistance, nomination and event-based awards, redeemable points, recognition insights, real-time data, and a recognition-based social feed.
Oracle has unveiled its latest enhancement to the Oracle ME employee experience platform, embedded within Oracle Fusion Cloud Human Capital Management (HCM). This development, Oracle Celebrate, stands out as a groundbreaking recognition and rewards solution designed to elevate performance, engagement, and staff retention by delivering a more customized and meaningful experience for employees.
Yvette Cameron, Senior Vice President of Product Strategy at Oracle Cloud HCM, emphasized the significance of acknowledging employees and said,
Employees are the foundation of any successful organization, and leaders need to ensure that their people feel celebrated and valued or risk losing both talent and productivity.
[Source - Cision PR Newswire]
Cameron stated that with Oracle Celebrate, organizations could now utilize a comprehensive and unified employee experience platform. She explained that this platform aligned recognition with company values to nurture a culture of appreciation and acknowledgment. Furthermore, she emphasized that it encouraged more impactful peer-to-peer interactions. Cameron highlighted that these newly introduced capabilities simplified employee recognition, made it meaningful and inclusive, and empowered HR and business leaders to give precedence to employee appreciation. She added that it also served to enhance engagement and motivation within the workforce.
Key features of Oracle Celebrate include:
Peer-to-peer recognition: This feature enables employees and leaders to acknowledge their colleagues across the organization in real time, with personalized recognition linked to business values. It seamlessly incorporates peer recognition into an employee's daily routine and work processes.
Generative AI assistant: Employees can enhance peer-to-peer recognition by receiving suggested improvements for their submissions, facilitating the creation of more impactful recognition notes for peers.
Recognition insights dashboard: Managers can access detailed insights about the recognition patterns within their teams, highlight individuals who may require additional support, and identify top contributors.
Nomination and event-based awards: This feature permits employees to recognize their peers for significant events such as promotions and work anniversaries, as well as nominations made by managers and peers, such as the ‘Employee of the Month’. These recognitions are initiated by updates to employee profiles in Oracle Cloud HCM.
Real-time recognition and engagement data: Organizations can continually update and monitor recognition programs with precise data, enabling administrators to measure their effectiveness and correlate recognition efforts with business outcomes.
Redeemable points: Employees can accumulate points when recognized by team members, which can later be exchanged for rewards integrated into the system by the organization.
Recognition-based social feed: Employers can create a real-time stream of organization-wide and team-wide awards and accolades, promoting camaraderie and increasing visibility for daily accomplishments.
Zachary Chertok, the research manager for employee experience at IDC, mentioned that the applications and value of recognition are expanding and evolving as organizations rethink how they connect into and uplevel employee success. He also noted that building an ecosystem for recognition assists in sourcing the roots of achievement, moving the needle on best practices as success occurs, stimulating cultural acceptance around process innovation, and fostering belonging through community acknowledgement and appreciation.
Ushaan Abeywickrema, the director of human resources at MAS Capital, noted that many organizations find it challenging to establish a straightforward system for ensuring that employees receive the praise and recognition they deserve. He pointed out that this represents a significant gap in the HR software market, especially considering the well-known importance of fostering a strong sense of value and accomplishment to enhance employee engagement and workforce efficiency.
Abeywickrema also conveyed excitement about Oracle Celebrate and its potential to introduce innovative capabilities that could revolutionize how they personalize the employee journey. He expressed hope that Oracle Celebrate would make it easier to acknowledge the dedication and hard work of their team members, all while reinforcing their commitment to their organizational culture and productivity. He believed that by recognizing their contributions, their employees would feel more seen, supported, and empowered to perform at their best and deliver their finest work.
Oracle Cloud HCM, a cloud-native solution, offers a comprehensive platform connecting all HR processes from hiring to retirement. It provides HR teams with a unified source of truth and leverages built-in AI to analyze workforce data, offering recommendations to enhance business operations.
HR Practice, HR Strategy
PR Newswire | August 23, 2023
hrtech, the Singapore-headquartered HR Technology Analyst firm, recently announced the launch of an HR Guide titled "Conversational AI in Recruitment" to address the need for automation that simplifies and streamlines the candidate experience, while saving hours of repetitive work for recruiters every day. The guide was produced in partnership with Paradox, the conversational hiring platform helping global employers like Unilever, Nestle, McDonald's, and General Motors transform hiring with mobile-first automation.
The idea behind the HR guide stems from the fact that there has been a drastic change in the way organizations and employees approach business processes. Digital transformation has been the topmost priority for organizations wanting to enhance business proficiency and candidate experience. Today, candidates want a consumer-grade experience at their workplace and expect the hire-to-retire journey to be digitally seamless and efficient. Candidates also expect multi-channel accessibility to connect with recruiters — and instant access to information throughout the hiring process. This is where Conversational AI proves to be a great aid for recruiters.
The HR guide intelligently brings rest to all the myths surrounding Conversational AI and maps out the differences between traditional recruitment techniques and Conversational AI-led recruitment. To harness the full potential of Conversational AI, the HR guide validates that organizations can integrate this technology into their recruitment tech stack, including Applicant Tracking System (ATS), job boards, CRM, assessments, recruitment marketing tools, and more.
The HR guide brings to light the success stories of global organizations that have deployed Conversational AI to enhance their recruitment function. The detailed case studies about the United Overseas Bank Limited (UOB), McDonald's, and a non-profit healthcare organization will help you understand how Paradox helped them improve their recruitment function and enhance the candidate experience using Conversational AI.
"At Paradox, we've always imagined a future where boring, repetitive recruiting work is replaced by conversational experiences that dramatically simplify and streamline the entire hiring process. Our goal is to give recruiters hours back in their day to spend more time with people, not software — and to create experiences candidates love. The hrtech.sg team has truly captured the essence of Conversational AI in this HR guide — specifically, the business value it creates by stripping away inefficiency and time stealers in the hiring process" said Paradox Client Success Director Zhenlin Ong, who supports clients like UOB, Scoot, and Starhub in Singapore.
"hrtech has always been a strong advocate of using smart technology to not just simplify HR processes but to elevate HR into a business growth function. Conversational AI is, indeed, a significant breakthrough that will completely transform the way organizations approach hiring. This technology focuses on the two most crucial expectations of the modern-day candidate - Personalization and Easy Accessibility. This HR guide covers all the aspects of Conversational AI, right from the need to the applications in recruitment function." Sriram Iyer, Founder & CEO, hrtech believes that Conversational AI is the only way ahead for organizations that want to stay ahead of the curve.
Launched in 2016, Paradox is the conversational recruiting platform that automates repetitive tasks in the hiring process with next-gen solutions that automate screening, interview scheduling, onboarding, and more — creating world-class, mobile-first candidate experiences that save recruiters countless hours every day. Among Paradox's solutions is the world's first Conversational ATS and Conversational Career Sites, which are transforming hiring for hundreds of global clients like McDonald's, Nestle, General Motors, and Pfizer. To learn more, visit their website at: https://www.paradox.ai/
hrtech, a HRTech Analyst firm, dedicated to facilitating Workplace and Workforce Transformations that drive robust Business and HR outcomes for enterprises across Asia and the Middle East. Our unwavering vision has been to create a TECH-DRIVEN and DATA-CENTRIC HR ECOSYSTEM, enabling successful Workplace and Talent Transformations that fuel organizational growth and empower HR teams to become Strategic Business Partners. To guide HR teams through this transformational journey, we operate through four distinct verticals: Academy, Advisory & Consulting, Marketplace Solutions, and Talent On-Demand. For more details: https://www.hrtech.sg