SBAM launches new ground-breaking talent system that connects businesses and candidates with cutting-edge recruiting technology
February 12, 2015
SBAM today announced a partnership with WorkFountain to implement the SBAM Talent Exchange, a cutting-edge job matching technology that is transforming the recruitment process and streamlining how employers and candidates connect with each other during the job/internship search process.
Talent attraction is a key challenge facing the business community and SBAM is pleased to offer this state of the art technology platform to its stakeholders. The SBAM Talent Exchange uses sophisticated matching algorithms to connect employers to candidates based on skills, interests and requirements. Using correlated question-sets directed to both employers and candidates, the platform systematically aligns talent with opportunity. “Our research tells us that connecting quality talent with open positions is a significant challenge for our members,” said Scott Lyon, Senior Vice President of SBAM. “In SBAM’s latest Barometer survey, nearly half of all small businesses reported having difficulty filling open jobs. We are excited to provide small business owners with cutting-edge technology to streamline the recruitment process.”
The SBAM Talent Exchange is focused on the small to mid-sized businesses employer community because they are precisely the companies that are hiring. Just over half of the private sector jobs, and nearly two-thirds of the nation’s net new jobs over the past decade-and-a-half, have been created by small to mid-sized business. While these companies create the majority of new jobs, they often lack human resource departments and relationships with emerging talent pools required to find the talent that they need to grow. “Locating and hiring quality talent is a significant issue for any growing business. We are pleased to provide a resource to our members that makes this process more efficient and provides a better outcome,” said Lyon.
The SBAM Talent Exchange ensures that employers are connected to the most qualified applicants while candidates get matched to opportunities that best fit their unique profiles. Because the system provides unbiased, correlated matches, the playing field is leveled and candidates and employers are exposed to each other in ways that they historically would not have been. Consequently, the SBAM Talent Exchange, powered by WorkFountain, maximizes employers’ ability to reach a large and diverse candidate pool while ensuring equal access to opportunities for all candidates. The system expertly collects and reports on powerful data analytics regarding employer needs and candidates’ career interests and how they align with real-time market needs and trends.
Although only recently launched, the system is already in use by thousands of employers and tens of thousands of candidates from across the country, and is growing rapidly.