Recruitment & Retention
HireVue | October 09, 2023
A new category for recruiting has been introduced by HireVue, the industry innovator and leader in human potential intelligence. This represents a departure from traditional hiring procedures and the introduction of a cutting-edge paradigm that evaluates candidates based on their expertise. HireVue upends conventional wisdom in order to put the emphasis precisely where it belongs: on human potential.
According to HireVue, conventional hiring practices are ineffective and out of date, a belief shared by employees and job seekers globally. More than 3000 people were surveyed for the recent HireVue Hiring Experience Report 2023, and the results revealed widespread dissatisfaction with the hiring environment. Lack of feedback (40%), reliance on resume evaluations rather than skill and potential assessments (30%), the necessity of more simplified procedures to accommodate changing requirements (37%), and the prevalence of erroneous job descriptions (31%), are all sources of aggravation.
Traditional "Rearview Recruiting," which bases recruiting decisions on resumes and qualifications, is based on outdated procedures. By relying largely on profile scraping and resume screening, Legacy HR Tech exacerbates the problem. Focusing just on a person's past accomplishments rather than their potential causes blind spots and makes it more difficult to identify future skill requirements. The soulless, laborious, opaque, too drawn-out, limited communication, and lack of feedback in this old approach further irritate candidates. A fresh approach is provided by HireVue's Human Potential Intelligence, which goes beyond customary methods and puts fairness and impartiality first.
It eliminates guessing and replaces it with a deep understanding of each candidate by utilizing AI to evaluate individuals based on potential, abilities, and interests. This innovative strategy positions HR as a strategic talent incubator rather than just a cost center, ushering in a new era in which the hiring process is transformed into a human journey of empowerment and progress for all parties.
Founder & Chief Analyst at Aptitude Research, Madeline Laurano, said,
HireVue's introduction of 'Human Potential Intelligence' represents a groundbreaking shift in the traditional landscape of hiring. Relying on the constructs of the past like job descriptions and resumes falls short in identifying potential. Our innovative approach brings together both the art and science of hiring by design. It’s supported by their industry-leading AI and stands out as a beacon of change. By focusing on the potential and skills of the humans in the hiring process, this new category redefines hiring criteria and opens doors for companies to hire for the needs of today and ensure they have the right talent for the future.
[Source: GlobeNewswire]
The introduction of Find My Fit, a pioneering service leveraging HireVue's experience in AI-driven personnel assessment, is at the vanguard of this transformational plan. This program fills the gap between job seekers and openings by enabling them to find positions that match their abilities, passions, and untapped potential. Precision job matching is at the core of the Find My Fit program, ensuring that candidates are not only pointed in the direction of open positions but also to roles that are actually compatible with their individual abilities and potential. This strategy improves candidates' overall job-search experiences while also extending their horizons.
The Find My Fit Application effectively addresses key challenges in today's competitive job market. It empowers job seekers who often struggle to identify suitable roles or doubt their qualifications. With this application, candidates can discover positions that match their skills and potential, expanding their job search possibilities. In a job market marked by frequent career changes, candidates often feel uncertain. The application offers guidance by directing individuals toward roles where they can succeed, even with differing prior experiences.
Conventional hiring methods typically focus on resumes and qualifications, often overlooking candidates' true potential. However, the Find My Fit Application shifts the focus towards matching candidates with jobs based on their skills and interests, breaking free from rigid job title requirements. Additionally, it fosters inclusion by suggesting roles tailored to candidates' interests. This encourages individuals to consider positions they may not have explored otherwise, contributing to increased diversity.
About HireVue
HireVue’s expertise in science, artificial intelligence, and data, helps employers get potential candidates to designations where they can succeed, while also pointing them in the direction of the future. HireVue has hosted more than 70 million video interviews and 200 million chat-based candidate engagements for over 1,150 trailblazing clients throughout the world, including more than 60% Fortune 100 companies.
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Workers Compensation
Paycor | September 18, 2023
LaborIQ, an emerging tech firm specializing in market compensation software, and Paycor, a prominent supplier of human capital management (HCM) software, have unveiled a referral partnership aimed at assisting HR leaders in talent recruitment, management, compensation, and professional development with market-competitive salary insights for all job roles across the US.
The strategic referral alliance is geared towards equipping Paycor clients with the most competitive salary recommendations tailored to today's job market demands. Additionally, it offers solutions for employee retention, fostering growth within their organizations. Claudine Zachara, President & COO of LaborIQ, expressed her delight in partnering with Paycor, acknowledging their dominant position in HCM solutions for HR teams.
She stated,
LaborIQ’s compensation software, together with Paycor, creates an advantage for companies who need today’s answers for reducing pay gaps and hiring. Technology, methodology and speed have significantly evolved in the HR tech space.
[Source: BusinessWire]
Paycor clients will now enjoy exclusive advantages from LaborIQ's software. This collaboration offers unrestricted access to salary recommendations and pay benchmarks for a vast database of over 20,000 job positions.
About LaborIQ
LaborIQ is at the forefront of modernizing how US organizations access market-competitive compensation recommendations. The company believes that to compete for talent and achieve success, organizations must have access to unparalleled salary data quality, supported by rigorous labor market research, analysis, and validation. LaborIQ empowers HR teams to expedite hiring processes, reduce turnover, and ensure precise compensation decisions, earning the trust of thousands of users who rely on them for salary recommendations, pay gap closure, and streamlined pay transparency strategies.
About Paycor
With over three decades of experience, Paycor has established itself as a leader in human capital management. The entity’s HCM platform revolutionizes all facets of people management, encompassing recruitment, onboarding, payroll processing, career development, and talent retention. What truly distinguishes Paycor is its unwavering focus on leaders, stemming from more than 30 years of listening to and collaborating with leadership teams. This extensive experience has equipped Paycor to understand leaders' unique needs, resulting in a unified HR platform with seamless integration capabilities, robust analytics, talent development resources, and adaptable technology tailored to meet specific industry requirements. Trusted by a community of over 30,000 customers, Paycor is the preferred partner for addressing HR challenges and achieving organizational goals.
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Employee Benefits
PR Newswire | September 29, 2023
HiBob, the company behind Bob, the HR platform transforming how organizations operate in the modern world of work, is pleased to announce the integration of notable benefits administration provider bswift, into its versatile Payroll Hub. This much anticipated collaboration marks a significant advancement in the HR landscape, offering US customers flowing and efficient solutions to manage all their benefits administration needs.
The eagerly awaited feature - Payroll and BenAdmin - allows HR professionals to unify all benefits administration activities in one convenient place. This includes monitoring ongoing staff or policy changes, updating vendors with employee data, and ensuring that all employee details are up-to-date. Customers will benefit from having a single source of truth that easily and quickly connects to other essential systems used for administration. By eliminating duplication and reducing human error, these solutions promise to increase efficiency and enhance accuracy for HR professionals and organizations alike.
bswift is thrilled to partner with HiBob to enhance the experience for our shared customers. We value the seamless integration that allows data to move swiftly between our platforms, streamlining processes and reducing manual tasks. This collaboration exemplifies the commitment of both companies to prioritize our customers, says Don Garlitz, Senior Vice President of Partnerships at bswift.
The benefits administration integration marks a significant step towards HiBob's overarching goal of enhancing the overall function and value of its Payroll Hub. By incorporating benefits administration solutions into the platform, HiBob aims to provide HR professionals with comprehensive and coherent experience particularly for those managing multi-site or global workforces.
"The importance of a comprehensive benefits administration solution cannot be overstated, particularly in the United States, where managing employee benefits is crucial for companies to attract and retain top talent. The integration allows for quicker payroll processing, reducing manual work, and guaranteeing data accuracy," says Ronni Zehavi, CEO at HiBob.
"Just like running a payroll hub pay cycle, our integration simplifies the process of bringing in demographic information to expedite enrollments including medical insurance and many other employee benefits. It provides quick and automated access to select people data, providing a hassle-free and secure experience for end users and employees," Zehavi concluded.
For more information about HiBob's Payroll Hub and the new BenAdmin Hub feature, please click on here.
About HiBob
HiBob is at the forefront of HR innovation, transforming the way organizations operate in the modern world of work with its award-winning HCM 'Bob'. Its modular approach caters to the needs of multinational companies seeking agile technology and robust analytics to support operations across distributed workforces in the ever-evolving economic and workplace landscape. Companies using Bob are able to accelerate hiring, retain the best talent, upskill and elevate employee experience.
More than 3,400 global businesses serving hundreds of thousands employees worldwide - including Uala, SugarCRM, The Josh Bersin Company Fiverr, The&Partnership, and VaynerMedia - appreciate its ease of use, high configurability and the ability to customize based on business requirements. The platform's high adaptability and focus on people engagement and community creation are seen in its consumer-grade user interface, providing easy access to HR processes while fostering engagement.
Awarded one of the best places to work in 2023, HiBob's global team of "Bobbers"come together to build the exceptional in an inclusive and empowering culture.
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HR Strategy
Newswire | October 20, 2023
Arcoro®, a proven provider of human resources (HR) management solutions for the construction industry, announced several exciting new partner relationships as well as the launching of its own payroll solution. The announcements occurred at the 2023 Partner Conference and Arizona Construction Workforce Management Summit held in Phoenix, AZ, on Oct. 17.
Arcoro is adding HCSS and ABC Insurance Trust to its trusted partner network as well as expanding its partnership with Aktion & Associates. Arcoro is also launching its own payroll solution to complement the company’s Core HR module, simplifying the payroll process even more for current and prospective customers. The solution has been made for construction, which includes payroll processing, the filing of taxes, and, if needed, providing certified payroll reporting to maintain compliance.
Arcoro is extremely excited to announce our very own Construction Certified Payroll Module and our partnership with HCSS and the ABC Insurance Trust. In addition, we are excited to expand our relationship with Aktion & Associates in being our first true reseller within the Sage and Acumatica eco-systems, says Chad Mathias, Senior Vice President of Sales & Strategy. These four key announcements reflect Arcoro’s commitment to our clients and the construction industry. We anticipate a warm reception from the construction marketplace and look forward to an exciting 2024.
About Arcoro’s newest partners:
HCSS is the trusted leader in construction software for estimating, field entry, project management, safety, digital plans, fleet management and telematics. For 35 years, the company has used annual user group meetings to listen to customers resulting in innovative software to manage every part of the project lifecycle. With 24/7 instant support and a proven implementation process, HCSS has helped improve operations for over 3,500 companies ranging from $1M to billions in revenue across the United States and Canada.
ABC Insurance Trust and its subsidiary ABC Insurance Services, Inc. provide employee benefits, plans and services to ABC (Associated Builders and Contractors) member companies and chapters. The Trust has more than 60 years of experience helping construction companies navigate the ever-changing benefits landscape. The Trust staff includes noted experts on employee benefit design, compliance, prevailing wage regulations and other benefits issues that impact the construction industry. The Trust is well known for its unique proprietary plans, top-shelf customer service and commitment to helping ABC members improve their benefits offerings.
Aktion Associates, Inc. is a national software reseller and IT infrastructure provider focused on the architectural, engineering & construction and distribution and manufacturing industries. Aktion Associates delivers industry-specific and market-leading application solutions coupled with application solutions with proven business process transformation skills that deliver the best Net Promoter Scores in the ERP industry for small and medium-sized businesses.
About Arcoro
A rapidly growing SaaS company, Arcoro offers proven modular HR solutions for the construction and contracting industries. The company’s leading product suite and software platform offer end-to-end HR functionality to help drive business outcomes. With Arcoro’s flexible solutions, customers select the modules that meet their needs for talent acquisition, talent management, core HR, benefits administration, time, and attendance tracking and more. Learn more at arcoro.com.
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