The battle to secure talent poses a real threat for businesses, regardless of their size or sector. In the iCIMS 2022 Workforce Report, 92% of C-Suite leaders said that without the right talent, they would fail to meet their goals. The Great Resignation, which many saw as a temporary post-pandemic trend, has already negatively impacted more than 80%.
The last two years have seen many people rethink their lifestyles and career choices, while those who delayed their plans to move jobs because of the economic uncertainty are now doing so en masse. In a fiercely competitive market, many employers are using recruitment technology to get to the front of the line for top talent.
Managing global talent
In today’s global business environment, it’s unlikely that the best talent will be based within 10 miles of a business location. Recruitment platform Omnipresent makes it easy for organizations of all sizes to hire the best talent from across 160 countries, widening the talent pool and helping them to grow.
The platform was founded by Matt Wilson and Guenther Eisinger, entrepreneurs with a shared belief that the priority should be on growing a business and accessing the best global talent, not focusing on the admin required to make that possible.
Omnipresent takes care of payroll, benefits, compliance, taxes, and administrative work and automates repetitive manual tasks, such as drafting local employment contracts, payroll calculations and filings.
Managers can view operations and data for all international and remote employees in one place and employees can use the platform to manage all aspects of their employment relationship, from onboarding to off-boarding, benefits to expenses. It also acts as an Employer of Record for global employees to help minimize complexities and costs associated with hiring someone globally.
Hidden talent pools
One of the biggest challenges for hiring companies is gaining access to untapped talent pools, including veterans and refugees. WithYouWithMe is a social impact firm that bridges that talent gap by helping these underrepresented groups access the labor market and fill the chronic tech skills gap.
Founded by military veteran Tom Moore to address the digital skills shortage, the business has two core offerings. The first, ‘Squads’, deploys new talent into the labor market after a 16-week ‘incubation’ period where they learn core skills and competencies. It has 36 career pathways, including data analysis and cyber security, leading to certification from organizations such as GCHQ. The second, a SaaS offering, helps large organizations unlock internal talent, reducing their hiring costs by as much as 90%.
WithYouWithMe incorporates an AI platform that uses psychometric and aptitude testing to identify individuals with optimum characteristics for various digital roles. It has helped more than 20,000 marginalized people enter or re-enter the workforce by matching them on core competencies rather than their CVs.
Opportunities for flexible working practices can be a deal-breaker for job candidates in the recruitment process. Founded in 2020, Flexa provides a search engine for truly flexible roles by enabling companies to showcase their working environments to candidates who want to know how they operate and how transparent their working policies are around flexibility and benefits before applying for a role.
The platform is available to employers across all sectors. To register, companies undergo accreditation to ensure they meet a certain threshold of flexibility in their offering. Companies can advertise available roles on the platform, which candidates can search and apply for directly. Flexa currently has over 450,000 users, while more than 150 global companies have been approved to feature on the platform.
Better hiring decisions
Hiring the wrong person is one of the costliest mistakes that a business can make. Research has shown that a bad hire for a position with a salary of £42,000 ($50,000) can incur a cost of £132,015 ($157,000) for the company.
Screenloop is a hiring intelligence platform that helps companies build the best teams by avoiding costly bad hires and removing unconscious biases from the recruitment process. The business was founded in 2021 and was born from its founding team’s shared frustrations and poor hiring experiences while working as senior operators at high-growth tech businesses.
Screenloop uses data and AI to identify gaps in the recruitment process, leverage candidate feedback, and provide real-time coaching for interviewers to conduct better interviews and remove unconscious bias from decision-making.