Acquisition is major investment in predictive analytics and artificial intelligence capabilities
Workforce Logiq, a global provider of workforce management software and services to large corporations, has acquired predictive analytics and AI software company ENGAGE Talent. The acquisition will equip Workforce Logiq customers with proprietary benchmarks and real-time intelligence to find, engage, hire, and retain the top candidates in the market faster and more affordably than ever before.
“Problem solving with data science is in our DNA”
“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 analytics give HR 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.
- Recommend and prioritize the most effective channels to source for known roles and create future talent pipelines.
- Create unique and customized candidate-specific messaging to improve recruitment and retention engagement rates.
- Benchmark real-time talent supply and demand analytics, compensation analyses, and industry and competitive profiles, trends, and intelligence.
ENGAGE’s patent-pending Talent Retention Risk (TRR) Score is an employment volatility benchmark that enables real-time predictive recruiting and retention decision making. ENGAGE’s TRR Scores also position organizations to anticipate and plan for future skill supply and demand gaps. The company’s proprietary ENGAGE 5D Profile predicts the optimal candidate-specific workplace attraction characteristics, 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 relied on by global industry leaders, including Allstate, Dell, and Saint Gobain. ENGAGE’s data science model was recently validated in a Harvard Business Review article, which found that the candidates ENGAGE identified as “most likely” to be receptive to new opportunities were twice as responsive to unsolicited recruitment messages and 63% more likely to change jobs, as compared to those who were predicted to be “unlikely” to be receptive.
“Problem solving with data science is in our DNA,” said 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 and ENGAGE: Shaping the Future of Talent Management
Workforce Logiq is owned by global investment firm The Carlyle Group.
Cam Dyer, managing director and co-head of global technology, media, and telecommunications at The Carlyle Group, said, “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.”
With the acquisition of ENGAGE Talent and the recently announced exclusive partnership with Upwork, Workforce Logiq has a universal sourcing solution capable of addressing all elements of clients’ acquisition and retention programs, including full-time (RPO), contingent (MSP), and freelance/”gig” (FMS) workers.
Joseph Hanna, founder and CEO of ENGAGE Talent will join the company’s executive leadership team as Chief Strategy Officer, Workforce Logiq and Managing Director, ENGAGE Talent. Tim Yates, most recently the CEO of Monster Worldwide and current member of ENGAGE’s Board of Directors, will join Workforce Logiq’s Board.
For more information on the acquisition, visit the ENGAGE – Workforce Logiq Welcome Center and check out the interactive infographic – “In-Play or At Risk?” – which showcases ENGAGE’s Talent Retention Risk (TRR) Score and ENGAGE 5D Profile for all US states.