Sense Talent Labs Stock

Sense Talent Labs has developed an AI-powered talent engagement app that uses GenAI to boost recruitment efficiency. The app reportedly reduces the time to hire by 30% and cost per hire by 35% while increasing the number of qualified applications by 55%. The tool uses both traditional machine learning and GenAI models to automate recruitment tasks, including creating job descriptions and screening candidates.

"The rise of ""quiet quitting"" among employees is challenging companies to improve talent retention. A survey by Deloitte and Workplace Intelligence revealed 84% of respondents prioritized improving mental, physical, and financial health. Strategies to enhance employee retention include fostering meaningful work alignment, cultivating trusting relationships through communication, nurturing a sense of belonging, and staying current with AI technology. Joblist's survey found the most common reason for leaving a job in 2023 will be better pay or benefits, underlining employees' growing prioritization of financial security and advancement. "

Boston Consulting Group (BCG), in collaboration with Harvard’s Digital Reskilling Lab, identified five essential factors organizations should address for effective workforce reskilling in the era of AI and automation. These factors include recognizing reskilling as a strategic imperative, ensuring it's a shared responsibility among leaders and managers, treating it as a change management initiative, understanding employees' willingness to reskill and acknowledging that reskilling requires partnerships. BCG suggests that systematic, experimental, and rigorous learning methods are essential for scaling up reskilling programs.