Workforce management platform provider Workforce Logiq has acquired ENGAGE Talent, which delivers predictive analytics and AI software. Through the acquisition, Workforce Logiq customers will gain access to proprietary benchmarks and real-time intelligence to use in their recruiting efforts.
Workforce Logiq CEO Jim Burke said ENGAGE’s products will give customers “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 are designed to help employers identify and shortlist promising candidates, recommend and prioritize channels for filling different roles and create customized messaging to help improve engagement rates. The company’s benchmarks cover compensation, talent supply and demand, and profiles, trends and intelligence for industries and competitors.By acquiring @ENGAGE_Talent, @WorkforceLogiq will provide customers with benchmarks and real-time intelligence to use in their recruiting efforts. #HR #HRTech Click To Tweet
In September, Workforce Logiq and freelance marketplace Upwork announced an integration that allows the workforce management platform’s customers to source and hire freelance workers through its MSP program. By adding access to talent to its offerings, which combine managed services with vendor management solutions, Workforce Logiq expanded the breadth of its contingent-workforce solution.
Today the company said that the acquisition of ENGAGE Talent, combined with the Upwork integration, allows it to offer “a universal sourcing solution” that addresses all elements of acquisition and retention programs, including those involving full-time, contingent and gig workers.
Contingent Trends are Workforce Trends
“Problem-solving with data science is in our DNA. That makes us a great fit for Workforce Logiq,” said Joseph Hanna, ENGAGE Talent’s CEO. “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.”
Hanna will become Workforce Logiq’s chief strategy officer and ENGAGE Talent’s managing director. The procurement web site Spend Matters believes giving Hanna the strategic role was a smart move. “Having a CSO with data analytics chops as a member of the executive team will definitely be a bonus as Workforce Logiq continues to navigate the rapidly evolving contingent workforce landscape, driven by changing customer demands and advanced technology,” it said.
In a blog post, Burke said conversations with parties throughout the industry made it clear to him that employers have “a consistent need” to be less reactive in their workforce management. In sum, they need solutions that help them anticipate developments more accurately and respond to them more quickly. “Addressing these issues requires something that the workforce management industry has lacked until now: predictive data and analytics that illuminate important insights for better recruiting and retention decision making in the current—and future—talent landscape,” he wrote.
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Image: ENGAGE Talent