NEW YORK, N.Y., Aug. 7, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Joberate announces today that it has launched J-index, which is a real-time predictive analytic that measures the percentage of companies' employees considering new jobs outside of their current employer. Joberate J-index is a leading indicator of voluntary employee attrition, employee satisfaction and engagement, and is an integral predictive analytic of global employment sentiment. Currently J-index measures employees of Fortune 100 companies, but Joberate plans are already in place to expand J-index to measure all Global 2000 companies.
Joberate technology measures job seeking behaviors of the global workforce, and feeds this information as training data into a proprietary machine learning predictive analytics engine. The engine quantifies how likely a person is to seek a new employment opportunity outside of their current employer. Joberate technology leverages up to 6,000 data points about each individual, making it unique in its functionality and application.
Joberate has emerged as a disruptive technology that helps employers tackle Big Data, offering a digital information service that helps companies gain actionable insights by understanding job seeking behaviors of their employees and the global workforce.
Commercial applications of Joberate technology include reducing employee attrition and comprehensive workforce planning, which collectively represent a $350 billion challenge for companies globally. Another application of Joberate technology is to enable companies to follow interesting people for the purpose of recruitment, disrupting the paradigm of traditional recruitment advertising, which can be expensive and less effective at attracting knowledge workers.
"Launching J-index is aligned with our vision of a more transparent employment market, and our mission of helping society better understand job seeking behaviors of the global workforce," said Michael Beygelman, Joberate CEO. Beygelman continued, "Even though we are living in the information age, companies rely on incomplete data to understand what is happening with their workforce, how to capture opportunities, and how to avoid risk. Launching J-index is our contribution to society, so that what is happening in the workplace can become more transparent and actionable."
J-index is real time information that can be accessed for free by visiting the Joberate website. We also encourage visitors to subscribe to free alerts when the index changes. Companies interested in leveraging Joberate technology to measure their own workforce, or as a recruitment tool, can fill out a form at the Joberate website to request additional information.
About Joberate:
Joberate's mission is to help society better understand job seeking behaviors of the global workforce, fostering a more transparent employment market. The company has invented a machine learning technology platform that measures changes in job seeking behaviors, their causality, timing, locations, and myriad of actionable analytics. The technology platform helps companies gain actionable insights by tapping the digital footprint of the global workforce, to help them reduce employee attrition, help with workforce planning, and talent attraction. Joberate's technology is available as a standalone, web-based SaaS application, as well as an API that can be integrated into leading Talent Management, ATS, CRM, and HRMS 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.
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