HR ANALYTICS, HR STRATEGY
Wisq | October 07, 2022
Wisq, the first platform designed for the social connection needs of employees, announced the launch of two new plans to help businesses foster personal connections and belonging in their organizations. With the new Free and Plus plans, Wisq enables more organizations to help their remote and in-office employees connect, discover and share interests, and create a greater sense of belonging.
As hybrid, remote and distributed work structures grow more popular, companies and teams of all sizes face the challenge of building personal connections. Wisq is creating a space in which employees can connect, discover common interests, create employee-led groups like employee resource groups (ERGs) and share experiences.
The tiered pricing model with two new plans, in addition to the current Wisq Enterprise plan for teams of more than 500, makes Wisq accessible to everyone:
Wisq Free:Designed for core groups just getting started, this no-cost offering supports a single administrator and up to 50 team members with unlimited groups, posts and messages. This option is ideally suited for small companies or divisions of larger employers that would like to try Wisq before a broader deployment.
Wisq Plus: For growing teams that want more functionality, this option supports up to five administrators and teams of up to 500 people while offering more robust administrative tools and reporting at a cost of $5 per individual each month.
These new plans are in addition to the core Wisq Enterprise version, which offers greater functionality tailored to companies' unique needs, including advanced admin and reporting capabilities, security assertion markup language (SAML)-based single sign-on for added security, priority inbox support, and dedicated customer success and account management teams.
"With this announcement, Wisq is responding to a clear market need for personal connection at work, Any team, big or small, can greatly benefit from the kind of connection that Wisq makes possible. Our customers' experiences have shown us that offering employees a distinct space for connection can deepen ties, enrich relationships and support a sense of belonging, community and happiness."
-Wisq co-founder and CEO Jim Barnett
The Importance of Belonging and Connection in the Workplace
As companies seek to retain and hire workers in a competitive job market, a sense of belonging to an organization is equally as important as pay and benefits. Happier employees are not only less likely to leave a company, but also are healthier, have lower rates of absenteeism, are highly motivated to succeed and have better relationships with their peers, according to MIT Sloan. Additionally, by increasing the feeling of belonging at work, companies have seen a 56% increase in job performance, a 50% drop in turnover risk and a 75% reduction in sick days, Harvard Business Review reported.
Companies that thrive socially and support a sense of belonging build resilience to disengagement. Trends like quiet-quitting, or choosing to not go above and beyond in a role, reflect a low sense of connection and belonging in an organization.
The day-to-day relationships that individuals establish with their co-workers play an important role in belonging, which is why Wisq has built its platform to support employee-driven communication. By carving out a specific space for belonging and connection in the workplace, Wisq is strengthening personal development and interpersonal relationships, which help individuals grow and thrive, and play a role in building a healthy, vibrant organization.
Hear what companies using Wisq have to say:
While we have a great culture, Torch employees have voiced difficulties connecting with people outside of their immediate team. Wisq helps us bring the amazing and unique stories of all our employees together to build a stronger foundation for our culture, as well as our individual and collective success, said Amy Lavoie, vice president of People Success, Torch.
FICO uses Wisq to strengthen relationships throughout our 3,500-person, globally distributed company. Our team was looking for a way to recreate in-person water cooler conversation and casual, fun moments of socialization. Through Wisq, we're meeting this need and getting to know colleagues across teams, departments and time zones like never before, Richard Deal, executive vice president, chief human resources officer, FICO
By utilizing Wisq, our team can get to know each other without the pressure or stress of getting a task done or trying to solve a problem. Even the smallest moments of connection can move mountains for our relationships, helping our team get to know each other on a more personal level, Alex Jones, vice president for Institutional Advancement, Roberts Wesleyan University
Wisq is a space for life at work. The Wisq platform helps employees improve social well-being by enabling them to connect, share and build relationships at work. Organizations increase employee engagement, improve belonging and retention and build happy work cultures. Wisq enables smart profiles, intuitive sharing, community building and audio lounges for informal hangouts. Based in Redwood City, CA, the company was founded by three former Glint executives: Jim Barnett, chief executive officer; Goutham Kurra, chief product officer; and Chih-Po Wen, chief technology officer. Wisq has raised more than $40 million and is backed by True Ventures, Norwest Venture Partners and Shasta Ventures.
SkyHive | September 05, 2022
SkyHive®, the first company to map and sequence the global labor market in real-time for workforce intelligence, strategy, and architecture, as well as the rapid reskilling of workers and communities around the world, today announced the launch of SkyHive Platform, a Platform-as-a-Service (PaaS) skills-first solution for private and public sector organizations.
Using SkyHive’s real-time Labor Market Intelligence and artificial intelligence to analyze global labor markets at the skill level, SkyHive Platform employers gain outside-in intelligence as well as immediate insights on their talent, such as emerging and skill gaps which can be leveraged to future-proof their workforces, retain talent, and understand evolving labor market needs.
SkyHive Platform enriches existing Human Capital Management (HCM) systems using scalable Application Programming Interfaces (APIs) to integrate with core HR systems such as Workday, Microsoft, and SAP SuccessFactors, as well as custom applications. In doing so, SkyHive Platform enables companies and communities to derive maximum value from their HCM investments while improving performance and cost efficiency across talent procurement, retention, and workforce training. Companies and governments seeking insights into the state of their workforce’s business critical skills, skills gaps, attrition, sourcing, benchmarks, future talent needs, and recommendations for reskilling can harness SkyHive to power applications with or without the SkyHive Enterprise software application.
“Skills are the talent ‘currency’ of the modern age, so it’s natural that leaders are eager to get comprehensive, comparative, and real-time visibility into skills profiles of their workforce, We’ve built SkyHive Platform and opened our APIs in response to customer requests around the world who want to customize applications and modernize their existing HCM platforms with the most in-depth workforce and labor market intelligence available.”
-Sean Hinton, Founder and CEO of SkyHive
Recognized by Forbes and the World Economic Forum for its positive impact on labor economies, SkyHive processes more than 20 TB of raw data every day, including anonymized worker profiles and job descriptions from over 160 countries. Its findings have reduced enterprise clients’ time-to-hire by 30% and time to source by 90%, while also increasing workforce learning and development efficiency by 70% and gender diversity by 10%. SkyHive data is fully encrypted, and its systems are compliant with GDPR, SOC2 Type II, ISO 27001, Ethical AI and other regulatory frameworks.
SkyHive is a Certified B Corporation and software provider of global workforce intelligence technology, optimizing labor market efficiencies in real-time for companies, communities, and national economies. Leading enterprises use SkyHive’s cloud-based applications and platforms to power the future of work at its most granular level: skills. SkyHive’s Quantum Labor Analysis™ has been recognized by the World Economic Forum and Forbes for leading efforts in ethical AI and its positive impact on labor economies worldwide.
RECRUITMENT & RETENTION
Indeed | September 22, 2022
Indeed, the world’s #1 jobs site has unveiled a new campaign, ‘Don't just hire, HIRE BETTER’. Through a series of humorous videos, Indeed’s new campaign highlights the issues that companies face if one does not rely on proper recruitment tools to hire employees.
The ad campaign goes live in 6 key cities - Delhi NCR, Bangalore, Ahmedabad, Indore, Patna, Lucknow and multiple local languages. The series consists of three ads and showcases hilarious goof-ups when hiring through referrals in three different scenarios. The concept pulls from the insight that while there’s a shift in online recruitment for SMBs, oftentimes SMBs still rely on their 1st party sources to hire. In fact, data from Indeed’s survey showcased that 7 out of 10 SMBs in India prefer hiring employees through personal references. The videos and print ads show a humorous approach to workplace scenarios gone wrong when hiring outside of Indeed.
Conceptualized and created by DDB Mudra the ad campaign is directed by Vivek Kakkad. The ad films and creatives will be spread across various digital and print platforms that employers and job seekers choose to watch such as YouTube and physical press across regional and national newspapers.
The need to hire better
Though the past couple of years have been challenging for SMBs, many of them have used the pandemic as an opportunity to lay the foundation for a strong digital future. Traditionally, SMBs have been competing continuously with not just other small businesses but also large enterprises for talent. They tend to have an attitude of choosing resources based on personal relationships such as ‘Chacha ka ladka bahut hoshiyaar hai’ which is showcased in this ad campaign. To compete successfully in the era of digitization, a skilled workforce is the need of the hour, making it all the more important for SMBs to hire the right talent to aid in their transformative growth journey.
Indeed for SMBs bring hiring solutions within reach of Indian entrepreneurs. SMBs can access Indeed’s vast pool of job seekers and use Indeed’s unique products and features to find the right fit for their business.
Indeed, the world’s #1 job site is set to transform the recruitment process for small and medium businesses in India. In its bid to connect emerging companies with the right talent, Indeed India offers its unique platform, attracting over 250 million job seekers, to budding entrepreneurs, in order to address their hiring needs.
The Small and Medium Business sector forms an integral part of the economy, making a significant contribution toward integral economic indicators such as the nation’s GDP and employment, to name a few. The rapid growth of the sector has resulted in job creation across various sectors.
“Our campaign is focused on reaching out to SMBs - the high-growth market in India. This campaign will address their concerns regarding hiring employees, through a series of relatable films which resonate with them. Indeed provides easy hiring solutions for SMBs and aims to constantly innovate to help these companies find the right talent through its platform,” said Nishita Lalvani, Director, Indeed India and SEA.
“Hiring in small and medium businesses in India gets done through word of mouth over legitimate channels. And this may turn out to be a problem since the owners appoint employees with mediocre aptitude, causing potential losses for the businesses. The objective of this campaign was to target SMB owners specifically and encourage them to subscribe to the platform. Thus, changing their typical approach towards hiring and their standard practice of appointing someone they know instead of hiring someone who knows what to do,” said Sooraj R Pillai, Senior Creative Director, DDB Mudra
According to Indeed’s survey data, SMBs are expected to create 2 million jobs in the next 5 years. The Indian hiring ecosystem also is undergoing positive growth with employers increasing hiring by 29% in April to June 2022 in the face of global inflation. The campaign aims to solidify the need for SMBs to hire right to continue the positive growth trajectory.
The duration of the ad films are: 20 seconds and can be viewed below:
What happens when you rely on hiring practices that do not evaluate the fitment between the candidate’s skills with the requirements of the job? Watch the film to know more:
The creatives are also live on Indeed’s social media: https://www.instagram.com/indeedindia_1/?hl=en
Agency - DDB Mudra
Creative - Sooraj R Pillai, Rahul Mathew, Vishnu Srivatsav, Sudhira Mendon
Business - Nahum Jacob, Shweta Goyal
Production House - Pack Films
Director - Vivek Kakkad
More people find jobs on Indeed than anywhere else. Indeed is the #1 job site in the world and allows job seekers to search for millions of jobs on the web or mobile in over 60 countries and 28 languages. More than 250 million people each month search for jobs, post resumes, and research companies on Indeed.
For more information please contact -
Saumitra R Chand | Saumitra@indeed.com | +91-9535044316
RECRUITMENT & RETENTION
Compete and Globalization Partners | September 21, 2022
Compete, developers of the leading SaaS platform for real-time compensation and benefits benchmarking, has announced that it will be partnering with (G-P), the leading Global Employment Platform™ that makes it fast, simple, and compliant for companies to hire anyone, anywhere. Together, they will enable companies to hire talent in over 187 countries smartly and competitively.
This announcement follows the launch earlier this year of G-P Recruit by Globalization Partners. G-P Recruit provides G-P Customers with exclusive access to an unrivaled network of global recruiting specialists to find the perfect talent based on their unique requirements, including industry, location, prior roles, and more. Given how benchmarking salaries and benefits is one of the most significant components of the hiring process, Globalization Partners was looking for an organization capable of integrating this data into its global employment platform. This is essential to enable companies to quickly identify and hire new team members in key locations globally.
Compete provides immediate insights into complete compensation package data and enables organizations to develop more effective workforce management strategies. Compete empowers leaders with analysis of over 50 types of benefits, real-time benchmarking data, advanced analytics, and tailored insights to support hiring decisions, identify risks, improve retention, and develop informed compensation policies.
"Companies are trying to navigate the challenges of hiring talent as employee motivations have shifted beyond monetary benefits to include things such as more flexible remote working environments, more accommodating leave policies, and the like, We are excited about this integration with Compete to empower customers worldwide with insights on the compensation packages unique to each region and to support their ability to hire talent with just a few clicks via our platform.”
-Nick Adams, Director EMEA at Globalization Partners
The real-time benchmarking of compensation data provided by Compete reflects a dynamic talent environment. This is one where organizations are reliant on accessing the right data to make smart decisions around talent acquisition to reduce the pay and equity gap many organizations are experiencing.
Partnering with an industry leader like Globalization Partners reinforces our value proposition of providing organizations with a 360-degree understanding of real-time compensation benchmarking data, Our data, when combined with the global footprint of Globalization Partners, enable any organization regardless of location to gain a competitive advantage in the job market,said Amit Rapaport, CEO and Co-Founder of Compete.
Visibility into common compensation and benefits practices is a must for developing workforce management strategies. Taking the guess out of guesswork, Compete gives an unfair advantage with immediate insights into complete compensation package data, including parental leave, work from home policies, and health benefits. An easy-to-use SaaS solution, Compete provides real-time data and instant analysis with advanced filtering capabilities perfectly tailored for tech companies. Founded in 2020 and headquartered in Israel, Compete is trusted by hundreds of leading tech companies around the world.
About Globalization Partners
Hire international talent quickly and easily. Use our AI-driven, automated, Global Employment Platform™ supported by our in-house, worldwide HR experts. Trust the named industry leader that consistently attains 98% customer satisfaction ratings. Globalization Partners: Succeed Faster.