Claro (News - Alert) Workforce Analytics, a platform of unique workforce insights that
helps organizations improve employee engagement, reduce voluntary
attrition, and discover diverse talent faster, today announces that it
has raised $1.1 million in new funding led by Beta Bayview LLC, with
participation from Kline Hill Partners and G-Bar Ventures. The proceeds
from the financing will be used to accelerate product development and
client expansion. In addition, Jim Feuille of Beta Bayview will join
Claro's Board of Directors.
The Internet and Social Media continue to change the way that people
communicate and think about their careers. From talent acquisition to
employee engagement, this shifting paradigm has paved the way for
workforce insights to be propelled to the forefront of all Human
Resources strategy. Recent research also validates this trend; according
to Transparency Market Research, the Workforce Analytics market is
projected to grow at a CAGR 10.8% and reach $2.4 billion by 2026.
In order to capitalize on this trend, Claro has expanded sales and
marketing efforts and has made key new hires including Craig
Katz to the positions of Senior Vice President, Sales, and Jarrell
Chalmers to the position of Marketing Manager.
Claro's unique technology platform enables organizations to combine
internal and external workforce insights to fully harness the power of
integrated workforce analytics, to help attract diverse talent and
retain their valuable employees. According to a recent PWC
survey, "63% of CEOs said availability of skills was a serious
concern" while "93% of CEOs say that they recognize the need to change
their strategy for attracting and retaining talent."
John Wilson, CEO of WilsonHCG commented, "To stay competitive in today's
global employment market, the C-Suite and HR leadership should be
aligned on a shared vision about the company's talent strategy." He
continued, "Claro technology enables us to help our clients make
data-driven decisions about identifying and retaining diverse talent,
improving employee engagement, and doing workforce supply and demand
planning. With Claro, we extract relevant and actionable talent market
insights for our clients."
Claro uses Machine Learning algorithms to align and enrich disparate
information with proprietary metadata, including patent-pending J-Score®,
which has become the standard in measuring online job seeking behavior.
Leading organizations increasingly rely on Claro's unique talent
insights to help support elevated decision making.
"Claro clients are leveraging our sophisticated talent market mapping
and analytics tools to help them identify and retain top talent in this
tight labor market," said Michael Beygelman, Claro CEO. Beygelman
continued, "We are also seeing growth in clients using Claro technology
to augment traditional employee engagement surveys, and to help identify
potential talent retention risk and early warning of potential workplace
"Claro is developing unique technology that helps organizations make
better decisions about talent market availability and their own
employees," said Daniel Frawley, Managing Director of Falmouth Ventures
LP and Claro Chairman of the Board. Frawley continued, "Data
storytelling is quickly becoming the preferred way to develop and
communicate business strategy, with the Workforce Analytics category
leading the way, and Claro is positioned as leader in this emerging
Organizations that are interested in learning more about Claro's
award-winning workforce analytics platform are encouraged to visit http://claro.hr.
About Claro Workforce Analytics
Claro's mission is to create unique talent insights to support elevated
decision making. Organizations leverage Claro's workforce analytics
technology to help identify and attract more diverse talent faster,
improve employee engagement and reduce voluntary attrition. Claro was
named a top ten Workforce Management technology platform in 2018 by HR
Tech Outlook, and was a winner of the Red Herring (News - Alert) Top 100 North America
award in 2016.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190227005073/en/
[ Back To Workforce Management Homepage ]
CALL FOR CONTENT