Joberate featured at MIT Solve, Sparking a New Era of Business Innovation, as a company that's making a real difference in enabling frictionless employment for a new technology-based economy
Boston, MA (PRWEB) October 06, 2015
Joberate™, the world’s first and only technology platform that monitors and measures live job seeking activities of the global workforce by leveraging publicly available Social Media data, announces today that Michael Beygelman, CEO, has been selected as one of six CEOs to present at MIT Solve, Sparking a New Era of Business Innovation, Startup Showcase, to be held On Wednesday, October 7, 2015, at MIT Media Lab in Cambridge, Massachusetts.
Solve is part of a week-long, city-wide festival celebrating ideas and innovation in the Boston area hosted by MIT, Harvard University, The Boston Globe, and Mass General Hospital. Attendance at the Solve conference is by invitation only, but the Solve Daily Digest is available online for all to view.
The Startup Showcase portion of the Sparking a New Era of Business Innovation session will feature startups in the Boston ecosystem that are making a real difference in developing talent, recognizing skill, enabling employment for the disadvantaged, and changing education for a new technology-based economy. Erik Brynjolfsson, MIT Sloan School of Business, will be the overall session moderator for the Sparking a New Era of Business Innovation session, with other sub-session moderators including Eric Schmidt, Executive Chairman, Alphabet; Andrew McAfee, Cofounder, MIT Initiative on the Digital Economy and Principal Research Scientist, MIT; and David Verrill, Executive Director, MIT Initiative on the Digital Economy.
Social Media has enabled job seekers in the global economy to identify and apply for new opportunities nearly effortlessly, which presents both challenges and opportunities for talent acquisition and HR teams that are charged with retaining and recruiting top talent; voluntary employee turnover, time to hire, quality of hire, and cost per hire are typical key performance metrics.
Joberate’s platform measures a person’s job-seeking activities by extracting relevant information about the person from global Social Media data, and applying data science and machine learning to convert the information into a patent-pending, job seeking activity metric called J-Score™. Blue chip companies have already started using Joberate to power a whole new generation of real-world business applications in recruitment and retention of talent, while emerging applications are developing for sales and account management, alternative credit scoring, financial hedging and risk management, succession planning and M&A integration, and social and economic research.
“Joberate’s platform will perform analysis of job seeking activities of more than 1.8 billion people globally over the next three years, which represents nearly half of the world’s employable population that will have a unique J-Score™,” said Michael Beygelman, CEO of Joberate. “Our technology demonstrates the power and the capability of leveraging social “big” data and machine learning, to provide real-time insights about observable job seeking behaviors of the global workforce; helping companies know more about their employee engagement, do a better job retaining their key people, and hire top talent quickly and cost-effectively.”
For additional information about Joberate, please visit http://www.joberate.com.
Joberate’s mission is to help society better understand job-seeking behaviors of the global workforce, while organizations will leverage Joberate’s global platform to power a whole new generation of real-world business applications. Organizations are using the Joberate platform to help with retention and recruitment of talent, as an alternative credit scoring methodology, in financial hedging and risk management, succession planning and M&A integration, to gather market data and perform research, and sales and account management. Joberate’s technology platform is available to API partners for integration into leading CRM, HRIS, ERP, Talent Management, ATS, and Financial applications.
Joberate won the 2014 iTalent technology competition, hosted by HRO Today Forum, from a prominent field of finalists including Glassdoor, Jibe, Smashfly, and 1-Page. In 2013 the company was named a finalist at the UK National Online Recruitment Awards competition in the category of Best Innovations in Online Recruitment along with prominent companies like LinkedIn, and Joberate was recently shortlisted by SAP for the “Big Data Startup of the Year” award.