SAN FRANCISCO, CA--(Marketwired - Oct 1, 2013) - Findly, the leader in talent innovation and a Symphony Technology Group (STG) company, announced today that Swarm, its innovative employee referral solution that empowers employees to be their organizations' top source of hires, has been named a Top HR Product of 2013 by Human Resource Executive® magazine. Findly will be honored on Monday, October 7, 2013 at the 16th Annual HR Technology Conference & Expo's Top HR Products of 2013 Awards Luncheon at the Mandalay Bay Resort in Las Vegas.
The Top HR Products of 2013 Awards acknowledge the best and most cutting-edge human resources products released this year. In making their selections, the editors of Human Resource Executive® assessed submissions and product demonstrations from leading HR technology companies to identify the most groundbreaking, impactful solutions. Products were evaluated on their ease of use, level of innovation and the value they bring to the entire HR profession.
"Human Resource Executive® has been evaluating HR products through this competition for 25 years," explained David Shadovitz, editor of Human Resource Executive. "Our goal has always been to identify products and services that clearly offer value to the HR community while demonstrating innovation. With Swarm, Findly has shown organizations a better way to enhance their referral programs by fully leveraging the personal and professional connections of their employees."
"Findly developed Swarm to revolutionize the employee referral process with a fun and engaging experience that helps employers to improve their culture, hire better people faster, and grow their bottom line," said Jeff Russakow, CEO of Findly. "Employee referrals have always been a leading source of high quality candidates for organizations, but employee referral programs have traditionally been ad hoc and under-tap the full networking potential of engaged employees. We are extremely proud that our efforts to reimagine the referral process to make it more transparent, more engaging and, ultimately, more effective have been recognized."
Findly's Swarm was named a Top HR Product for revolutionizing the employee referral process, increasing employee participation and improving the quality and frequency of referral-based hires. Typical employee referral programs fail to provide adequate and timely visibility to employees as to the state of their referrals in the recruiting process. In addition, they often involve numerous systems that are cumbersome and usually non-mobile. Research shows that the likelihood of employees to refer colleagues is more correlated to employee engagement with the company than to the types of incentive programs that are commonly offered.
Moreover, senior employees, who often have the best networks due to their time in their industry, typically under-participate in referral programs because of the perception they are pursuing rewards versus serving their team. Swarm enables employers to overcome these challenges with an engaging, mobile-enabled and easy-to-use process that better leverages existing employee social networks, enables recognition of employees who refer colleagues and offers the option of alternative incentive or social competition structures.
"With Swarm, Findly has transformed the referral program into a collaborative social activity that fully leverages the power of gamification and social media," said Jason Kerr, Findly's Founder and Chief Technology Officer. "Swarm enables teams of employees to compete against each other to fill positions and gain social rewards for each successful hire, encouraging regular participation and keeping both employees and managers more engaged in the program. In addition, Swarm facilitates a transparent process that ensures all parties can see the current status of the referral, a key factor in gaining employee participation."
Attendees of the 2013 HR Technology Conference and Expo can learn more about Swarm and Findly's entire suite of On Demand Talent Acquisition solutions at Booth No. 127.
Findly leads the world in talent innovation as the creator of On Demand Talent, the ability for employers to instantly get the right talent. Findly's award-winning solutions combine unrivaled mobile and social capabilities, employer branding, applicant tracking and assessments to address the challenge of finding the right talent at the push of a button. Built for today's digitally savvy and highly mobile workforce, Findly delivers a compelling automated talent platform that uses a hierarchical methodology with focused employer branding campaigns to acquire, manage, screen and engage only warm candidates. The result is a more strategic use of talent and enhanced competitive advantage. Learn more at http://www.findly.com.
About Symphony Technology Group
Symphony Technology Group (STG) is a strategic private equity firm with the mission of investing in and being a partner in building great software and services companies. In addition to capital, STG provides transformation expertise to enable its portfolio companies to deliver more value to clients to retain and attract the best talent and to achieve best-in-class business performance. All STG portfolio companies are expected to grow through innovation. STG's current portfolio consists of 12 global companies with combined revenue of approximately $2.5 billion and thousands of employees spread across North America, Europe and Asia. For more information, please visit www.symphonytg.com.