This month, four organizations launched branded portals of the RealTime Talent Exchange. Ranging from trade and employer associations to local economic development corporations and chambers of commerce, these additions to our network of platforms signal that Minnesota businesses have a big interest recruiting talent differently.
The RealTime Talent Exchange is a cutting-edge web-based job platform that away from resumes, position descriptions, and traditional recruiting practices toward a new matching technology that leapfrogs other online tools. The Exchange uses statistically-validated questions for specific positions and sophisticated matching to create high quality connections and increase the diversity of candidate pools. It surveys candidates and employers about needs, interests, abilities, and preferences and then uses WorkFountain’s patent-pending matching algorithms to create matches, instantly connecting job and internship-seekers to opportunities. By matching candidates to employers based not only on skills and requirements, but also on job interests and workplace preferences, the Exchange ensures that candidates are well-suited for positions and provides employers with access to candidates who are the best possible fit. It was developed by Michigan-based process engineering company Digerati (under the name WorkFountain) to help create a more efficient labor market and reduce bias in the hiring process. The Exchange also:
- Cuts the time and cost of recruiting and job searching
- Provides rapid and high quality matches
- Serves the unique needs of small, mid-sized, and large employers
- Delivers integrated resources to support recruitment goals and compliance reporting
- Provides customer-centered tools for employers, job-seekers, educators, industry organizations, economic developers and others
The first portal to launch in Minnesota belongs to the Vadnais Heights Economic Development Corporation, titled the VHEDC Talent Exchange. Within a few hours of launching the site, three employers had jumped at the opportunity to leverage the unique matching technology.
Second to launch was the AgriGrowth Job Exchange. AgriGrowth immediately saw the benefit of a talent matching platform that would help ag employers more effectively and efficiently find the talent they needed. The volume of job posts on their portal has been growing at the trade association’s network of employers experience the platform and see how powerful it can be.
Launching within 24 hours of each other, the MHTA Talent Exchange of the Minnesota High Tech Association and the Minnesota Chamber of Commerce’s MN Job Match platform have already created a lot of buzz. With more hosted portals preparing for launch in March, the RealTime Talent Exchange continues to grow. If you have questions about the Exchange or becoming a host, please contact RealTime Talent’s Executive Director, Sandee Joppa or the Exchange Director, Jess Niebuhr.
