TALENT ACQUISITION

Talenya Launches Automated Talent Sourcing Tool To Help Companies Increase Candidate Engagement

Talenya | September 18, 2021

Talenya, the provider of the world's most advanced, AI-powered talent sourcing and diversity solutions, today announced the release of Engagement AI™: a first-of-its-kind, fully automated talent sourcing solution.

As recruiters and HR teams struggle to find talent in an increasingly competitive market, Engagement AI™ saves hours of work by automatically sourcing and contacting potential candidates, allowing more time for interviews and connection. Talenya's data scientists spent four years developing the GDPR-compliant technology to enable talent acquisition teams to fully automate talent sourcing, with a focus on diverse talent.

Increase Candidate Engagement
Talenya's Engagement AI™ was developed to optimize responses from "passive job seekers" and engage potential candidates at the right place and right time. It takes job descriptions from a company's Applicant Tracking System (ATS) to create an automated search. Once potential candidates are identified, Engagement AI™ automatically reaches out to hundreds of top candidates and invites them to schedule an interview with the company. Interested candidates are pushed into the company's ATS for the recruitment team to follow up.

Create New Candidate Searches Based on Diversity Hiring Goals
Engagement AI™ allows employers to define diversity hiring goals, and Talenya's Diversity AI™ will design the talent search accordingly. Candidates are prioritized by their diversity category, overall match score and propensity to change jobs, which Talenya's algorithms can predict with 83% accuracy by analyzing career patterns, hiring patterns and social signals. Talenya will immediately contact qualified candidates as soon as a high likelihood of changing jobs is identified.

Our clients were telling us loud and clear: we need more interviews!. The only way to improve the recruitment pipeline at scale is to automate the labor-intensive parts of the sourcing process with AI, while optimizing candidates for quality. Today, recruiters manually reach out to candidates for each role only to receive a few responses. About 63% say that talent shortage and engagement from candidates is their biggest problem. Talenya's Engagement AI™ converts "passive" candidates into applicants without the extra work by optimizing and fully automating the process.

- Talenya CEO and Co-founder Gal Almog.

The new solution leverages Talenya's Talent AI technology and includes the following capabilities:
  • Access to a talent pool of close to 1.3 billion professional profiles, curated from multiple public sources
  • AI algorithms that boost diverse talent participation in the hiring pipeline, including Talenya's patented algorithms for adding missing skills to candidate profiles and optimizing job requirements for diversity   
  • The ability to automatically engage with hundreds of potential candidates, with little or no effort from the recruiter, using the most advanced campaign management technologies 
  • Talenya's new product marks a significant milestone in the transformation of the recruitment industry from labor-intensive to AI-driven, allowing recruiters and hiring managers to spend more time on human interactions. 
About Talenya
Founded in 2017 by Gal Almog and Doron Segal, Talenya developed the world's most advanced talent sourcing platform. It enables recruiters to uncover 3X more "passive" talent than any other solution, to engage with them and to turn them into applicants, in a completely automated way. Talenya's Talent AI™ collects fresh data from hundreds of sources to build rich, updated talent profiles. It uses Artificial Intelligence and Machine Learning technologies to eliminate old-school keyword search and intelligently prioritize talent by their quality and propensity to change jobs. It leverages algorithms to run automated and optimized candidate engagement campaigns that boost companies' interview pipelines. Talenya's platform is used by the world's leading employers.

Spotlight

Understanding the basics of Labor Laws is not just important - it is essential knowledge for companies to avoid risking legal liabilities. Regardless of big or small enterprise, timely and proactive compliance with Labor Laws is critical. Monitoring potential impacts and conforming to mandatory changes is an increasingly difficult task. TalentPro’s expertise in Compliance management will help you in mitigating the complexities of Labor Laws and avoiding the high costs of non-compliance.


Other News
WORKFORCE MANAGEMENT

LiveHire and Viventis Announce Strategic Alliance to Deliver solutions for Total Talent Acquisition, Contingent Workforce and Direct Sourcing

LiveHire | May 18, 2022

LiveHire (LVH:ASX) the global provider of Total Talent and Direct Sourcing Technology & SaaS platform and Viventis Search Asia, a leading executive search and human capital consulting firm in Asia-Pacific (APAC), formally announced a strategic partnership that helps leading and forward-thinking organisations in South East Asia transform their Talent Acquisition strategy and technology stack. Since its founding in 2001, Viventis Search Asia has evolved from providing traditional recruitment services to offering holistic human capital development and career transformation. They continue to build the future of career creation through their full suite of services, including talent acquisition, profiling and assessments, leadership training, talent development consulting, and career technology. The company chose to partner with LiveHire as it seeks to further develop its portfolio of products and services. The alliance will help Viventis Search Asia build strong, insight-driven relationships with both candidates and clients, using LiveHire's advanced Talent Attraction, Engagement and Hiring platform. Viventis will deliver Digital Strategy, Workforce Strategy & Service Design, navigating the implementation, optimisation, and adoption of the technology platform to guide the technology stack & business process transformation for its joint customers. "We are thrilled to announce our partnership with Viventis. LiveHire is committed to empowering the flow of the world's talent and our partnership with Viventis further supports our mission, The Viventis ecosystem, alongside LiveHire, will provide a holistic approach for organisations in South East Asia to transform the workforce." -Christy Forest, CEO of LiveHire. "The Great Resignation remains to be a challenge but it's just the tip of the iceberg. To combat this, we must emphasize creating great candidate & employee experiences, facilitating workplace flexibility, and enhancing talent mobility Our partnership with LiveHire comes at an opportune time, as their holistic approach and total talent and contingent solution brings a new perspective in empowering the workforce to new heights. Together with LiveHire, we look forward to enabling more people to power their own futures and fostering business opportunities in APAC and beyond." -Yu Ming Chin, Executive Director of Viventis. LiveHire and Viventis customers can reach their goals for recruitment, retention and diversity by leveraging the comprehensive features of LiveHire's system, including: Candidate Engagement, Experience Employer Branding Unique 2-way Text Messaging Total Talent Visibility & Mobility Private and Curated Talent Cloud AI-powered Talent Pooling and Matching About LiveHire LiveHire is a globally-leading recruitment and contingent direct sourcing platform - enabling clients to attract and engage both permanent employees and contingent workers to deliver Total Talent and Direct Sourcing solutions. LiveHire offers an award-winning candidate experience and provides talent-on-demand through its unique talent pooling and 2-way text messaging functionality, having successfully enabled end-to-end recruitment from sourcing through to hire of diverse workforces for over 150 clients across 20 verticals globally. For more information, visit www.livehire.com/us. About Viventis Search Asia Viventis Search Asia is the leading career consulting and human capital solutions firm in the Philippines. It provides holistic talent management and people development services to local and multinational companies across all industries. It is the provider of choice for HR services such as executive search, recruitment outsourcing, employee assessment, leadership training, talent development consulting, and career technology. It operates in key areas in the Asia Pacific region such as Indonesia, Malaysia, and Singapore.

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WORKFORCE MANAGEMENT

NewCo Capital Group Pays Special Bonuses having maintained full salaries and benefits packages through the difficult and ongoing pandemic.

NewCo Capital Group, LLC | January 17, 2022

NewCo Capital Group ("NewCo" or the "Company"), a leading provider of services, tools and capital to the SMB ecosystem that fosters growth for small-medium business across the United States, announced it completed paying special bonuses while increasing existing compensation packages to current employees all of whom are greatly appreciated and valued within the organization. Over the last 18 months, no employees were asked to take temporary pay reductions as NewCo Capital Group understands that its employees and contractors are the core competencies that define the exceptionalism for which the organization is known. Unlike some of its lesser counterparts, at no time did NewCo need to furlough any employees during the pandemic. Furthermore, the organization believes that it had a responsibility to assist its employees during this difficult time. The Company believes that its action to pay special bonuses and increase compensation packages are consistent with the organization's values and culture. The organization believes that it had a responsibility to assist its employees during this difficult time. In December 2020, CNBC reported that a MagnifyMoney survey revealed that roughly 1 in 3 full-time workers experienced a pay cut due to the coronavirus pandemic. NewCo believes that not only did most companies not pay any special bonuses to their employees, some providers of capital unfortunately forced pay reductions of at least 10 percent on their already underpaid staff. "We founded NewCo to promote a sustainable-funding solution for small business owners while providing greater opportunities for our employees and contractors alike. Newco's delivery on that promise is consistent with that mission and we're proud to be a citadel during these difficult times. Our values and corporate culture continues to guide us and NewCo will continue to deliver an exceptional product and retain its position and influence as a Preferred Merchant Cash Advance provider within the industry." - Albert Gahfi, CEO of NewCo About NewCo Capital Group, LLC NewCo Capital Group is an Alternative Finance company specializing in MCA Bridge-Capital. As a Preferred Provider, the company is focused on fostering growth within the Small and Midsize Business (SMB) ecosystem. We are passionate about providing fast and easy access to capital for small businesses to help them grow, scale and create jobs. Our technology, proprietary methods and extensive experience is what differentiates us allowing us to maintain our competitive edge and continue to provide value to our Merchants and employees alike.

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WORKFORCE MANAGEMENT

CrossCountry Consulting Announces Spin-Off of Workday Practice into Standalone Technology Company CrossVue

CrossCountry Consulting | April 27, 2022

CrossCountry Consulting, a leading business advisory firm, announced a spin-off of its Workday practice into a standalone company, CrossVue, dedicated exclusively to the Workday ecosystem. As a full-service Workday deployment partner, CrossVue will remain committed to providing exceptional Workday services and solutions to drive business transformation. CrossCountry will continue to deliver business advisory and technology solutions that enable companies to transform operations, minimize risks, and achieve future growth. Backed by RLH Equity Partners, CrossVue will further develop its position in the industry with a powerful go-to-market strategy led by CEO Jill Jones, CrossCountry's former Workday Practice Lead. As a contemporary consulting firm that provides the blueprint for modernizing client operations and processes through Workday, CrossVue will continue to provide advisory, deployment, and post-production support to clients throughout a wide range of industries including medium to large enterprise, healthcare, financial services, private equity, and nonprofit. "Over the past 11 years, we've built a strong reputation for being fast and nimble in order to reach our goals and to serve our customers, Today's announcement clearly marks another significant accomplishment in our firm's history, and we look forward to continued growth and success across our advisory services and technology solutions. Both CrossCountry and CrossVue will continue our strategic relationship and partnership as we utilize the complementary strengths of both firms to support our clients." -Erik Linn, Co-Founder and Managing Partner of CrossCountry Consulting. CrossCountry's Advisory business has a demonstrated record of excellence and performance over the past 11-years. The strategic focus on advisory and technology-enabled solutions will position CrossCountry to continue to capitalize on favorable industry trends, better serve its clients, and enhance its growth. CrossCountry Consulting is a trusted business advisory firm that provides comprehensive solutions encompassing business transformation, technology, accounting, risk, and cybersecurity. We partner with our clients to help them navigate complex business challenges and achieve goals related to improving operations, minimizing risks, and enabling future growth. AboutCrossVue CrossVue is a contemporary consulting firm providing the blueprint for modernizing client operations and processes through Workday. As a leading Workday advisory, deployment, and post-production support firm, we drive critical results for our clients and help them reach their transformation goals through the Workday platform.

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HR STRATEGY

Littlejohn Capital Announces Acquisition of Alto Healthcare Staffing Buoyed by Industry Tailwinds, Alto Poised for Geographic Expansion

Littlejohn Capital | January 11, 2022

LJC Investments V, LLC, an investment vehicle controlled by Littlejohn Capital, LLC ("Littlejohn Capital"), today announced the acquisition of Alto Healthcare Staffing ("Alto"), a diversified healthcare staffing firm. Alto was established in 2003 in line with the personal values and mission of Founder and RN Leslie Kahn. Alto's three key business lines include providing clinical temporary staffing primarily for nursing homes and long-term care facilities on a per diem or short-term contract basis; travel nurses primarily to hospitals; and medical assistants to doctors' offices. Alto is headquartered in Dayton, OH. "Littlejohn took the time to really get to know our business and our management team, and we were greatly impressed with their relevant experience in the staffing sector. With their partnership, we believe we can grow while remaining true to our mission. Littlejohn will provide valuable resources to help us accelerate our growth and build on our relationships with healthcare facilities, hospitals and doctors. Our goal is to provide industry leading services to more customers and provide the right healthcare professionals to patients wherever they are needed most." -Leslie Kahn, President of Alto "Over the past several months, we have gotten to know Leslie and her team and were very impressed by the company she has built and the differentiated approach Alto's talented healthcare professionals provide to long-standing clients. The healthcare staffing industry is experiencing dynamic growth, and Alto's services have become a more viable and easily accessible option for healthcare facilities across the country. We look forward to working with Leslie to help achieve her vision of expanding Alto's compassionate care and leveraging the experience from our successful investment in Hospitality Staffing Solutions as we further diversify the business geographically." -Angus C. Littlejohn III, President of Littlejohn Capital Staffing industry veteran Timothy McPherson, who served as CEO of former Littlejohn Capital portfolio company Hospitality Staffing Solutions, will join the Alto Board of Managers, in addition to Mr. Littlejohn III and Littlejohn Capital Chairman, Angus Littlejohn, Jr. UHY Corporate Finance served as financial adviser to Alto and Morrison Cohen LLP provided legal counsel to Littlejohn Capital on the transaction. About Littlejohn Capital Littlejohn Capital is the family office of Angus C. Littlejohn Jr., co-founder of Littlejohn & Co., where he currently serves as Chairman. The platform seeks to make control investments in small to mid-sized private companies that are undergoing strategic, operational or generational transition.

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Spotlight

Understanding the basics of Labor Laws is not just important - it is essential knowledge for companies to avoid risking legal liabilities. Regardless of big or small enterprise, timely and proactive compliance with Labor Laws is critical. Monitoring potential impacts and conforming to mandatory changes is an increasingly difficult task. TalentPro’s expertise in Compliance management will help you in mitigating the complexities of Labor Laws and avoiding the high costs of non-compliance.

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