Talent Acquisition, RECRUITMENT & RETENTION
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.
Hr Analytics, Workforce Management
Businesswire | July 07, 2023
GoCo.io, the leading provider of flexible software solutions for HR, benefits, and payroll, today announced the integration of advanced artificial intelligence (AI) capabilities into the platform. With this groundbreaking development, GoCo is revolutionizing how organizations manage their human resources, empowering clients to streamline operations and maximize efficiency.
The first AI capability that was recently introduced in GoCo's Spring Product Release has already garnered immense praise from clients. This cutting-edge feature, built into GoCo’s documents management, enables users to get started faster and draft new documents with AI. By typing a request, clients witness firsthand how AI transforms the document creation process.
Building upon this success, GoCo is set to unveil its highly anticipated AI Knowledge Base later this year. Specifically designed to answer employees’ repetitive frequently asked questions, GoCo’s AI Knowledge Base acts like ChatGPT for HR policies. Employees can type their questions directly into the HRIS and receive prompt and accurate responses as the AI searches through their company’s specific policies and documents. The AI Knowledge Base ensures employees get answers to critical HR questions quickly and accurately.
"At GoCo, we strive to provide our clients with state-of-the-art solutions to revolutionize HR management," says Nir Leibovich, CEO & Co-Founder. "With the addition of our advanced AI capabilities, we are empowering organizations to elevate their HRIS experience to unprecedented levels. This is just the beginning of our AI journey, and we are thrilled to witness the transformative impact it will have on our clients' HR processes."
The integration of AI into GoCo's HRIS platform underscores the company's commitment to leveraging cutting-edge technologies to drive innovation and meet the evolving needs of modern businesses. By harnessing the power of AI, organizations can unlock new levels of productivity and efficiency, allowing HR teams to focus on strategic initiatives and employee engagement.
Founded in 2015, GoCo.io is modernizing HR, benefits, and payroll with its flexible, easy-to-use, and industry-leading solutions for SMBs. Headquartered in Houston, Texas, and serving customers nationwide, its mission is to automate manual HR tasks and empower HR professionals to make work a better place. Unlike other HR platforms, GoCo is built to be flexible enough to support existing processes, policies, and providers so that SMBs don’t have to change the way they work in order to adopt a modern HR system.
Hr Analytics, Employee Experience
PR Newswire | August 25, 2023
Paycor HCM, Inc. ("Paycor") (Nasdaq: PYCR), a leading provider of human capital management (HCM) software, announced today nine minority-owned enterprises were selected from Paycor's newly launched Empowerment Program to join the company's Marketplace as partners.
The Paycor Empowerment Program was started with the goal to support minority-owned business leaders in growing their organizations through Paycor's vast Marketplace network and provide equitable opportunities for all. This program enhances Paycor's technology partner eco-system, offering a diverse network of partners with differentiated solutions. The program kicked off locally in collaboration with the Cincinnati Minority Business Accelerator (MBA) with plans to expand nationally.
Entrants were evaluated on a series of criteria by both the Cincinnati MBA and Paycor teams, including strategic alignment, customer focus, capacity for growth, culture, employee experience, and diversity, equity, and inclusion (DE&I). The nine winners will be added as partners in Paycor's Marketplace and three were selected to have deeper integrations as part of Paycor's product suite. The winning businesses are:
Kurensē provides technology-enabled payment solutions for employees, vendors, and customers that streamline delivery of payments and integrate with payroll systems.
Liona Enterprises provides full-service information technology solutions.
The MCS Agency is a digital communications agency with a special focus on immigrant business and non-profits who delivers integrated marketing solutions.
Orchestrate provides subscription-based managed services solutions through automated business IT support.
Peero is employee engagement technology that allows for enhanced peer to peer engagement.
RiskVersity provides expert risk management services to help clients identify, embrace and transfer risk for modern organizations across a variety of industries.
StaffUp is Innovative Labor and Cleaning Services Staffing Agencies mobile application that allows customers to find staffing companies and gain access to labor.
Taxley provides career training and access to apprenticeships in tax law and consulting while preparing students for corporate, government, and small business Enrolled Agent careers.
TechSoft provides high quality managed IT services, support and security solutions.
"We are proud of this program and our partnership with the Cincinnati MBA to empower local minority business owners to expand their businesses," said Tim Ruge, Senior Vice President, Strategic Partnerships of Paycor. "Paycor is committed to creating a culture that supports and embraces diversity in our associates, customers and partners. We are passionate about supporting our customers with a diverse partnership portfolio and working with businesses that align with our mission and values."
"We simply could not be more excited about this transformational and burgeoning partnership with Paycor," said Darrin Redus, Chief Executive Officer of the Minority Business Accelerator. "Paycor is demonstrating an extraordinary commitment to support the growth and development of high potential minority-owned business, and this new initiative, with its direct alignment with our mission and purpose, truly exemplifies the types of game-changing efforts that will absolutely move the needle."
Paycor's human capital management (HCM) platform modernizes every aspect of people management, from recruiting, onboarding, and payroll to career development and retention, but what really sets us apart is our focus on leaders. For more than 30 years, we've been listening to and partnering with leaders, so we know what they need; a unified HR platform, easy integration with third party apps, powerful analytics, talent development tools, and configurable technology that supports specific industry needs. That's why more than 30,000 customers trust Paycor to help them solve problems and achieve their goals. Learn more at paycor.com.
About The Minority Business Accelerator, LLC.
The Minority Business Accelerator is a nationally recognized best-practice initiative for developing larger-scale, job-creating, minority business enterprises. Now in its 20th year, its founding mission is to accelerate the development of sizeable minority business enterprises, and strengthen and expand the regional entrepreneurial community. From its founding in 2003, the MBA has maintained a specific and dedicated focus on preparing African American and Hispanic owned businesses to grow the types of scalable and competitive enterprises that deliver jobs, wealth, and economic impact for communities of color and the broader region as a whole. Since its inception, over 75 larger scale minority-owned businesses have been directly supported by the MBA, which today represents approximately $2 billion in aggregate annual revenues and over 3,500 sustainable jobs.