- Workforce management software provider announced recently that it is buying ENGAGE Talent. These are the details about the deal.
Workforce Logiq — a global provider of workforce management software and services for large corporations — announced recently that it acquired predictive analytics and AI software company ENGAGE Talent.
This acquisition will equip Workforce Logiq customers with proprietary benchmarks and real-time intelligence for finding, engaging, hiring, and retaining top candidates in the market faster and more affordably than ever before.
“Employers want an edge in hiring and retaining the best talent. In today’s hyper-competitive market, that requires taking a more proactive and intelligence-based approach to workforce management,” said Jim Burke, CEO of Workforce Logiq. “ENGAGE’s data science expertise and proprietary benchmarks provide our customers with an analytical advantage to make better and faster decisions, and a predictive head start to attract and keep the market’s best talent.”
ENGAGE’s analytics platform gives human resources and procurement leaders useful, validated, and actionable intelligence to accurately identify and shortlist candidates most willing and likely to engage with recruiters, apply for and accept jobs. And it can recommend and prioritize the most effective channels for sourcing known roles and creating future talent pipelines. Plus it can create unique and customized candidate-specific messaging to improve recruitment and retention engagement rates. You can also benchmark real-time talent supply and demand analytics, compensation analyses, and industry and competitive profiles, trends, and intelligence.
ENGAGE’s Talent Retention Risk (TRR) ScoreSM platform is an employment volatility benchmark that enables real-time predictive recruiting and retention decision making. And ENGAGE’s TRR Scores also position organizations to anticipate and plan for future skill supply and demand gaps.
And ENGAGE also offers a useful tool called ENGAGE 5D ProfileSM that predicts the optimal candidate-specific workplace attraction characteristics thus enabling organizations to tailor recruitment and retention messaging based on the unique attributes most likely to optimize job appeal, including company environment, organizational stability, strength of leadership, and opportunities for growth.
The ENGAGE Talent platform is used by global industry leaders such as Allstate, Dell, and Saint Gobain.
“Problem-solving with data science is in our DNA,” added Joseph Hanna, founder and CEO of ENGAGE Talent. “That makes us a great fit for Workforce Logiq. Their team thinks differently about how to prepare clients for today’s challenges. The combination of our expert advisors, AI capabilities, and proven platforms give us the freedom and responsibility to innovate, disrupt, and solve problems for more organizations and their broader full-time and contingent talent challenges – globally.”
Workforce Logiq is owned by the global investment company The Carlyle Group.
“As a result of this acquisition, Workforce Logiq will make ENGAGE’s proven recruitment and retention data science capabilities available to the talent supply chain, creating exciting possibilities to impact and reshape the future of global talent management. We look forward to continuing to leverage our global platform and expertise to support Workforce Logiq in its continued growth,” explained The Carlyle Group managing director and co-head of global technology, media, and telecommunications Cam Dyer.
Through the acquisition of ENGAGE Talent and the recently announced exclusive partnership with Upwork, Workforce Logiq now has a universal sourcing solution capable of addressing all elements of clients’ acquisition and retention programs, including full-time (RPO), contingent (MSP), and freelance workers.
Going forward, Hanna is going to be joining the company’s executive leadership team as Chief Strategy Officer of Workforce Logiq and Managing Director of ENGAGE Talent. And former Monster Worldwide CEO Tim Yates and current member of ENGAGE’s Board of Directors will join Workforce Logiq’s Board.