The world doesn’t really understand job seeking behaviors, and Joberate provides the only commercially viable approach to addressing this problem.
New York, NY (PRWEB) June 22, 2016
Joberate®, a unique analytics platform that scores people’s job seeking activities by analyzing their Social Media metadata, announced today that it has been selected as a 2016 Red Herring Top 100 North America award winner from a field of approximately 1,200 privately financed companies in the U.S. and Canada.
Since 1996, Red Herring editors have been in an enviable position of being among the first to recognize that companies such as Facebook, Twitter, Google, YouTube and eBay would change the way we live and work. This long-standing tradition, of tracking up-and-comers and game changers like Joberate, has placed Red Herring at the epicenter of innovation.
Red Herring’s editorial staff evaluates companies on both quantitative and qualitative criteria, such as financial performance, technological innovation and intellectual property, DNA of the founders, business model, customer footprint and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in North America.
Proliferation of Social Media has created both challenges and opportunities for organizations globally. Joberate’s platform utilizes the power of Social Media metadata, machine learning, and scientific data analytics, to convert the myriad disparate pieces of information into a unique metric called J-Score™. Joberate clients leverage J-Score for insights about their internal employees, and also passive job seekers, which facilitates meaningful lines of communication that were previously closed.
“In 2016, selecting the top achievers was extremely difficult,” said Alex Vieux, publisher and CEO of Red Herring. “The variety, depth, disruption and traction we saw from the early stage companies to those with significant scale made it one of the toughest vintages to judge. The North America winners are representative of the amazing ecosystem that never ceases to astound, with new and experienced entrepreneurs continuing to push the barriers of innovation. As one of the winners, Joberate should be proud of its accomplishment under such strong competition.”
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 in financial hedging and risk management, sales and account management, alternative credit scoring, succession planning and M&A integration, and social and economic research. Joberate also aggregates J-Score information about companies to create indexes that serve as leading indicators of companies’ financial performance.
“The world doesn’t really understand job seeking behaviors. Today, organizations still rationalize talent-related decisions by using anecdotal evidence or intuition, and most of the time people are either wrong or lucky,“ said Michael Beygelman, Joberate co-founder and CEO. He continued, “Joberate provides the only commercially viable approach to addressing this problem, by harnessing the power of Social Media metadata, and applying data science and machine learning, to help companies make evidence-based recruiting and talent retention decisions.”
Winners of the Red Herring Top 100 North America awards were announced at the Red Herring North America Forum in Newport Beach, CA., on June 8, 2016.
For additional information about Joberate, please visit http://www.joberate.com.
Joberate is a unique analytics platform that scores people’s job seeking activities by analyzing their Social Media metadata, which helps organizations better understand the job seeking activities of their own employees, passive job seekers, and key executives at publicly traded companies. Joberate fuels evidence-based recruiting and talent retention decisions, and delivers a more accurate picture of how employee engagement correlates to a company’s financial performance. J-Score™, which is a simple objective analytic of job seeking activities, opens up an entirely new labor market paradigm in the same way that FICO® reinvented financial services.
Joberate is one of the most innovative and positively disruptive technology platforms to come to market in the last decade. Joberate was a winner of the Red Herring Top 100 North America award in 2016, and also won the 2014 iTalent technology competition 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.