Is recruiting still suitable for a digital world, where skills have spread out more than ever?
The Jobful Manifesto – Worldwide, leaders know that competent people drive innovation and that innovation drives performance. So, what is the biggest threat to businesses? 77% of CEOs consider the lack of key skills is a certain path to failure. Hence, complementing technology, talent acquisition and talent retention are the key to success for a digital future. Our topic today represents the essence of your organization: recruitment.
How much does it cost to have poor metrics?
- Application drop-off rates: Fortune 500 company loses 9 out of 10 qualified applicants during processes
- New hire failure rates: the failure rate within 18 months for most new hires cross-levels is close to 50%
- The cost of a bad hire: up to 10 times their annual salary
- Constant noise and siloed process: companies love 95% of candidates, down to 1.2% conversion rate
So yes, a lot. We know these costly metrics look frightening, but we have something to keep them away from you. However, this is not all. Current times amplify the discrepancy between two worlds, one where millions of people are losing their jobs and the other where there is a constant war for the best professionals with certain skill sets. How to create a bridge between these two worlds to make people’s capabilities stand out and to eradicate the talent crisis?
Jobful – Build a candidate smart experience
The Jobful Manifesto – Our expertise of over 3 years stems from running hundreds of experiments on engaging every type of personality. We put a lot of effort into cutting-edge technologies and systems for gamification with the aim of shaping a multigenerational workforce. What we learnt is that everything starts with Candidate Smart Experience. We believe that this holistic solution sets a new standard in recruitment.
Jobful uses gamification techniques, time-saving machine learning, simulative e-learning and interactive assessments to attract, engage, up-skill, test and hire. All these modular pieces define what we call a candidate smart experience, the best candidate experience. Fortunately, we just landed in the US market where we are licensing this technology for a faster and more reliable recruitment process.
Book a demo & join the future of recruitment.
