SAN JOSE, Calif., July 6, 2011 /PRNewswire/ -- RiseSmart's cloud-based outplacement solution, Transition Concierge, has emerged as the fastest-growing player in the $3 billion outplacement market – and has earned industry-wide praise in the process of changing the way companies manage and measure their employee transition programs.
In a market that has been dominated by traditional, brick-and-mortar business models, RiseSmart has injected the power of its proprietary, cloud-based technology and service platform to turn the industry on its head and deliver unprecedented results to both employers and their transitioning workers.
RiseSmart's platform utilizes aggregation technology, semantic search and human filtering to provide the best match of jobseekers with open positions. The solution delivers highly personalized job leads as well as other job search tools to eligible employees. Transitioning workers receive one-on-one consultation and support during every step of the job-finding process.
Among the other technological distinctions of RiseSmart's platform:
- Cloud-based delivery model. RiseSmart's robust cloud-based platform enables instant provisioning and rapid scaling to meet customer needs. With Transition Concierge, there is no software to procure, install, configure, maintain or upgrade.
- Extension to mobile devices. Transition Concierge enables job candidates to act on relevant job openings quickly by delivering them to their iPhones and iPads, Android phones, and BlackBerry devices for immediate access and response .
- Social network integration. RiseSmart's platform enables jobseekers to get in front of potential employers through social media channels once a relevant job lead has been identified. Transition Concierge's social integration enables users to tap their LinkedIn networks, Facebook friends and Twitter feeds to mine their networks and get noticed.
On average, Transition Concierge has reduced time-to-placement for transitioning employees by half. According to the Bureau of Labor Statistics, the seasonally adjusted average duration of unemployment in May 2011 was 39.7 weeks. By contrast, workers in the Transition Concierge program find new employment in an average of about 18 weeks.
"This is a win-win for employers and employees," said Sanjay Sathe, founder and CEO of RiseSmart. "By slashing time-to-placement, Transition Concierge has saved U.S. employers millions of dollars in unemployment insurance taxes, COBRA costs, severance fees and more, while delivering better results than its competitors with a more cost-efficient, cloud-based model. We've encouraged employers to measure the ROI of their outplacement programs and have given them the tools to do this."
James Holincheck, research vice president for Gartner specializing in the human capital management (HCM) systems market, says that cloud-based technology promises to have a transformative effect on the U.S. outplacement industry.
"As a growing percentage of leading corporations apply cloud-based solutions to improve their HR processes, many have neglected to upgrade a key component of the talent management lifecycle: effective offboarding," Holincheck said. "By leveraging technologies such as content aggregation, semantic search and cloud-based delivery, employers have the opportunity to accelerate time to placement for their transitioning workers while reducing outplacement program costs."
In the first six months of 2011, RiseSmart has added some of the leading companies in the Fortune 500 as clients. Since April, the company has received a wide range of awards and recognition from organizations including Red Herring, the Stevie Awards, TiE, SiliconIndia, the San Francisco Business Times and the Silicon Valley/San Jose Business Journal.
RiseSmart is a leading provider of next-generation outplacement solutions. The company leverages a cloud-based technology platform, proven methodologies, and one-on-one support to help employers with their workforce strategy, and displaced employees with their career strategy. RiseSmart drives significant ROI to organizations by offering affordable pricing while reducing unemployment insurance taxes and severance costs. RiseSmart has received a wide range of awards and recognition from organizations including Red Herring, TiE, the Stevie Awards, SiliconIndia, the San Francisco Business Times and the Silicon Valley/San Jose Business Journal. For more information, visit http://www.RiseSmart.com.