The MyInnerGenius platform from GreatBizTools, an HR technology company with a 40-year history helping enterprises and small businesses improve their hiring and skills programs, was selected by JFFLabs for its Assessments Impact Accelerator initiative. The program is designed for growing technology companies that have high-impact solutions for identifying, selecting and supporting the training and development of talent for entry-level and middle-skill-level jobs, particularly in IT. JFFLabs, a nonprofit subsidiary of JFF, works with mission-aligned entrepreneurs and growth-stage companies to accelerate and scale technology-based solutions.
At the end of 2017, nearly 500,000 IT job postings were unfilled nationally, yet the Bureau of Labor Statistics estimates that employment in computer and IT occupations will grow 13% between 2016 to 2026, creating 557,100 new jobs. That’s greater than the average projected growth rate for all occupations, and these roles have an average annual salary of $112,890 – more than double the average national wage, according to the Computing Technology Industry Association. JFFLabs saw this as an opportunity to help young people and individuals in transition to access high-quality careers that pay family-supporting wages, and they recognized the need to train hundreds of thousands of new workers over the coming years. With this in mind, they partnered with Salesforce.org to develop a program to help scale startups and growth-stage companies who have effective assessment technologies that evaluate talent based on what workers know and can do (their potential), as opposed to inaccurate signals, like degrees or social connections.
“We are thrilled that JFFLabs selected MyInnerGenius for its Impact Accelerator program, and we are excited about our collaboration with them on helping people find careers they will love, careers that will enrich their lives,” said Denise Leaser, CEO, GreatBizTools. “We are on a mission at GreatBizTools to help HR leaders use non-biased science-based tools to diversify the workforce and identify employees’ true potential by connecting them to new roles as the world of work quickly evolves. MyInnerGenius matches people’s skills, abilities and personality traits with the right job, right now and in the future regardless of their educational backgrounds,” said Denise Leaser.
Creating Opportunities
JFFLabs released a market scan to identify the most promising work technologies that are poised to generate significant social impact and are aligned to particular topic areas. JFFLabs partnered with Salesforce.org to identify and organize solutions around social impact and included a full scope of the assessments market and presented impact opportunities, technology trends, market dynamics and impact investment insights. The market scan included over 400 assessment companies in total, with deep dives on 4 innovators to watch, including MyInnerGenius by GreatBizTools.
“The market scan features companies who are either creating significant business-aligned social impact, developing potentially transformative innovations, or led by inspiring founders and teams who we believe in,” said Stephen Yadzinski, managing director, JFF. “Today, we have greater opportunities to leverage assessments in education and training programs – from higher education to apprenticeship to corporate training programs – as well as using assessments to create diverse teams and to achieve superior performance, productivity, and engagement,” Yadzinski added.
The market scan also identified assessments as an essential component of an effective talent pipeline, in hiring and in education and training programs. It estimates that assessments will become an even more important tool in the identification, selection, training and education of individuals across the globe with IT as a particularly vibrant space.
The MyInnerGenius Advantage
According to Manpower, more than a fifth of the world’s population is in the wrong job. The costs are enormous – low productivity, poor customer support, increased attrition and turnover. Career fit assessments, such as MyInnerGenius, save organizations money by putting the right people into the right jobs now. MyInnerGenius can help companies recognize at least a 20 percent reduction in salary costs from turnover, not including the cost of employing poor performers.
MyInnerGenius helps people find future-proof careers that match their innate skills and abilities and reduces time to productivity and delivers revenue and cost savings to organizations:
- Candidates who use MyInnerGenius are more than twice as likely to stay in a job.
- Candidates who use MyInnerGenius are almost 10 times more likely to learn quickly and 3 times more likely to apply that knowledge on the job.
- Candidates who use MyInnerGenius are almost 2.5 times as likely to be more effective on the job.
Available in English, French and German, MyInnerGenius assessments are available for select training programs through IBM and through the company’s website.
About GreatBizTools
Headquartered in Florida, GreatBizTools is an HR technology company with a 40-year history helping enterprises and small businesses improve their hiring and skills programs. GreatBizTools is the developer of WebAssess®, an online pre-hire assessment tool used by many of the leading brands and Fortune 500 companies. MyInnerGenius®, also developed by GreatBizTools, is an HR tech innovation which uses cognitive tools to help match employees and students to careers which complement their innate skills and abilities.
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