RECRUITMENT & RETENTION
Equifax | March 15, 2021
Equifax Inc. announced that it has completed the acquisition of HIREtech, a technology-focused Human Capital Management (HCM) and employer tax incentive firm. With this acquisition HIREtech, Equifax expands the Workforce Solutions' portfolio with fast-tracking offerings for both employers, suite of products, and verification services. As digital efficiency continues to accelerate in the HR space, acquiring HIREtech advances the Equifax pledge to support the HR and Payroll industry with more computerized and better data-centric services that help, simplify complex, manual HR tasks.
Mark W. Begor, Chief Executive Officer, Equifax said, "We are energized by the opportunities we can offer by adding the HIREtech capabilities to our differentiated Workforce Solutions' Work NumberⓇ income and employment verification and HR services. Our cloud-native footprint has enhanced our ability to integrate new alliances and acquisitions and drive synergies more quickly - as we believe only Equifax can. We are reinvesting our strong 2020 financial performance to help continue the expansion of our unique data assets and capabilities, making bolt-on M&A central to our future growth strategy."
HIREtech offers a robust technology platform that suggests businesses access to data and intelligence helps director significant financial and acquisition decisions. Connecting the gap between HR, finance, and tax, the HIREtech will help accelerate innovation within the Workforce Solutions business unit at Equifax.
Joe Muchnick, SVP at Equifax Workforce Solutions said, "This acquisition further reinforces the value that Equifax Workforce Solutions delivers as a provider of innovative, data-driven HR services, which has become critical as workforces shift to meet the evolving needs of employees and new work environments. Together we can accelerate our ability to help provide employers with innovations and actionable insights that better support their workforce."
HIREtech, an Equifax Inc., is now part of the Workforce Solutions business unit at Equifax. The HIREtech leadership team has expected roles with Equifax as part of the new Houston, Texas-based division of Equifax Workforce Solutions.
Brian Cameron CEO HIREtech said, "It is an exciting time to be in the HR technology field. Joining Equifax means we will be collaborating with sophisticated analytics teams and new cloud-based tools to help employers access the nearly real-time data and insights that help support critical financial and hiring decisions."
ThinkWhy LaborIQ | June 24, 2021
ThinkWhy, a Dallas-based SaaS company focused on developing a new generation of AI-driven labor market solutions, has added a new feature to their popular LaborIQ platform that gives talent acquisition experts a strong tool for attracting and retaining workers. The industry-first solution provides instant, market-driven annual salary and variable compensation answers for over 20,000 jobs, allowing users to uniquely customize a compensation package for each job title, add variable compensation details, and create job profiles with skills and responsibilities that reflect their needs.
Every company has different job titles, skill requirements, and compensation packages, including bonuses and varying levels of pay incentives. Moreover, whether recruiting senior executives, in-demand technology roles, sales personnel, or hourly employees, the LaborIQ Total Compensation function provides tailored flexibility for each employer's talent strategy. The technology offers fast market-driven responses and gives HR and talent acquisition professionals a competitive edge in recruitment.
Beyond Salary - Total Compensation Data Is an Unmet Need
Previously, an employer had to sift through numerous sources or depend on outdated techniques of crowd-sourced salary data to build compensation packages. With changing needs in working-age populations and changes in net migration throughout the United States, such sporadic data collecting techniques will be inadequate in today's competitive market. Gallup found that turnover could cost a normal company with 100 workers between $600,000 and $2.5 million per year. With important management, technology, and healthcare positions with unemployment rates of 2.8% or less, companies must take steps to ensure their compensation is competitive as labor demand rises.
Organizations get the opportunity to effectively choose customized compensation elements tailored to their needs, skill and education requirements, industry, business size, and all U.S. metros with LaborIQ Total Compensation. For approximately 20,000 job titles, users get complete calculated values along with market-driven pay expectations.
According to reports, each city and sector in the United States is rebounding at a different pace, and certain professions are seeing substantial increases in pay expectations. Hiring managers can now respond quickly to pay needs in any location, sector, and position in the United States. Users save time by generating job descriptions that are consistent throughout the business for the particular skill requirements that each position requires and obtaining the appropriate total compensation responses to attract competent personnel.
LaborIQ provides current, market-driven compensation solutions using proprietary ATILA Technology, which uses 18 trillion data points verified against more than 8.6 million U.S. paystubs. The multi-tiered data intake process verifies and provides accurate pay recommendations, talent supply, and projections for over 20,000 jobs, guaranteeing accuracy at all job levels and specialties.
About LaborIQ by ThinkWhy
ThinkWhy's LaborIQ talent intelligence platform assists companies in driving people and business development plans by providing answers to today's pay, employee retention, and job market forecasts. The platform, powered by advanced AI technology, provided excellent accuracy and unrestricted access to all U.S. cities and over 20,000 jobs.
RGP | October 19, 2021
RGP (Nasdaq: RGP), a next-generation global human capital firm, has launched a new digital staffing platform that offers accounting and finance professionals greater flexibility with the safety net of employee benefits – HUGO by RGP.
HUGO by RGP is the first omni-channel platform to offer professional workers the protection, certainty and service benefits of RGP’s employee-based model while retaining the freedom and flexibility inherent in the new gig economy. Available exclusively to clients and professionals in the New York Tristate Region, the new platform empowers users with unprecedented transparency, speed and control, as well as the support of RGP’s expert client service team.
RGP is changing the employment paradigm by helping businesses efficiently and effectively match and deploy the right professional talent with skills needed to tackle the clients’ critical initiatives with the perfect mixture of high-tech meets high-touch.
“HUGO by RGP illustrates our commitment to the ‘Now of Work’ and the reality of how clients and professionals want to engage in this environment, With in-demand skill sets growing faster than employers can keep pace, many of our clients are looking to ‘rent’ talent to fill those skills gaps. At the same time, business leaders shouldn’t have to choose between speed and fit. HUGO delivers both as well as transparency and choice to help companies meet their immediate short-term needs in this rapidly evolving ‘Now of Work’ environment—the right candidate, the right skills, the right time and the right rate.”
- RGP CEO Kate Duchene.
For employers, HUGO allows hiring managers to accelerate projects and timelines through a curated pool of accounting and finance consultants with in-demand skill sets—accessible in just a few clicks. The platform provides access to fully automated digital workflows from hiring to onboarding, time reporting and billing, as well as full visibility into candidates’ credentials, experience and rates. RGP’s unique W-2 based employee model also relieves businesses of the costly burdens of HR, payroll and tax requirements.
For candidates, HUGO offers a customized user experience helping them match and land gigs with companies ranging from the Fortune 100 to start-ups. Meanwhile, the W-2 based model offers candidates benefits and membership of traditional employment such as earned paid time off, healthcare coverage, access to development and training, as well as RGP’s community of nearly 5,000 professionals around the globe.
“Greater flexibility is the key to success in the changing employment landscape and we’re proud to be pioneering a high-tech meets high-touch model that truly represents the state of how flexible work is being done, HUGO represents the next digital evolution of RGP’s agile business model by matching borderless talent with borderless business needs. HUGO’s professionals are all W-2 employees of RGP, creating a workplace environment that embraces flexibility, collaboration and human connection, while promoting a sense of community and belonging.”
- Stephen DelVecchia, Head of Digital Engagement/HUGO by RGP.
Led by industry veteran Stephen DelVecchia, the HUGO team is supported by Head of Platform Success Marcie Levy, and Head of Technology Gary Lee.
HUGO is now available to accounting and finance professionals in the New York Tristate region and will be introduced in other markets and industry sectors as the platform continues to roll out.
RGP (Nasdaq: RGP) is a next gen global human capital firm helping clients match the right professional talent needed to tackle change and transformational initiatives. Disrupting the professional services industry since 1996, RGP is the now of work—attracting the best talent in an increasingly fluid gig-oriented environment. Based in Irvine, CA., with offices worldwide, RGP’s agile human capital model attracts top-caliber professionals with in-demand skill sets who seek a workplace environment that embraces flexibility, collaboration, and human connection. The company’s winning value proposition has made them the leading provider of agile professional services to help clients transform their businesses and workplaces. With more than 5,000 professionals, RGP annually engages over 2,100 clients internationally, including over 85% of the Fortune 100.