RiseKit, a recruitment tech startup, has received a grant from the GitLab Foundation to address the challenges faced by both employers and employees in the labor market. While major tech companies have been cutting positions during the current labor shortage, many industries across the US are still struggling to recruit and retain staff. RiseKit aims to connect these industries with overlooked talent through its innovative software platform.
In the US, millions of individuals face barriers to employment due to factors such as lack of credentials or bias against their zip code. Modern candidate screening tools often exacerbate these issues by automatically rejecting applicants who don’t meet specific criteria. This has led to a perception that AI tools used in recruitment are more biased than humans. To combat this, community-based nonprofits and workforce development organizations are supporting low-wage workers and unemployed individuals in improving their job prospects.
With the support of the GitLab Foundation grant, RiseKit plans to place 1,000 job seekers into training programs or higher-earning jobs. The company aims to streamline local hiring initiatives for corporations by underwriting the cost of employer licenses to its software platform. This platform connects employers’ applicant tracking systems with the client management systems of community-based organizations, thereby linking overlooked candidates with unfilled job positions.
By utilizing RiseKit’s software, companies can access a diverse pool of talent that may have otherwise been missed through traditional recruitment methods. The integration with employers’ applicant tracking systems allows for a significant increase in the candidate pool, easy selection of relevant community organization networks, and an automated applicant-facing interface with feedback loops. These features contribute to better employee retention once individuals are hired.
The current labor market dynamic presents an opportunity for all parties involved if employers can discover untapped talent and help nonprofits and the workers they support find relevant job opportunities. The grant from the GitLab Foundation will enable corporations and large-scale nonprofits and workforce organizations to pilot RiseKit’s innovative approach and technology at a reduced cost and risk.
RiseKit’s innovative solution aims to bridge the gap between employers and overlooked talent in the labor market. By addressing the barriers that individuals face and connecting them with in-demand job opportunities, RiseKit seeks to provide a more inclusive and efficient recruitment process. With the support of the GitLab Foundation, RiseKit is set to make a positive impact on the labor market by empowering both employers and employees to thrive in a challenging landscape.
Frequently Asked Questions (FAQs) Related to the Above News
What is RiseKit?
RiseKit is a recruitment tech startup that aims to address the challenges faced by employers and employees in the labor market. They have developed an innovative software platform to connect industries with overlooked talent.
Why is there a need for RiseKit's solution?
Many industries across the US are struggling to recruit and retain staff, while major tech companies have been cutting positions during the current labor shortage. RiseKit aims to bridge this gap by connecting industries with talent that may have been overlooked due to factors such as lack of credentials or bias against their zip code.
How does RiseKit's software platform work?
RiseKit's software platform integrates employers' applicant tracking systems with the client management systems of community-based organizations. This allows employers to access a diverse pool of talent, select relevant community organization networks, and provide an automated applicant-facing interface with feedback loops.
How will RiseKit help job seekers?
With the support of the GitLab Foundation grant, RiseKit plans to place 1,000 job seekers into training programs or higher-earning jobs. By connecting job seekers with relevant job opportunities and providing support through community-based organizations, RiseKit aims to improve their job prospects.
How will RiseKit benefit employers?
RiseKit's software platform allows employers to access a larger candidate pool and discover untapped talent that may have been missed through traditional recruitment methods. This can lead to better employee retention and a more diverse workforce.
Who is supporting RiseKit's initiative?
RiseKit has received a grant from the GitLab Foundation, which enables corporations and large-scale nonprofits and workforce organizations to pilot RiseKit's innovative approach and technology at a reduced cost and risk.
Is there a concern about bias in RiseKit's recruitment process?
RiseKit is aware of the bias issues that can arise in the recruitment process and aims to combat them. By leveraging community-based nonprofits and workforce development organizations, RiseKit seeks to address the barriers individuals face and provide a more inclusive and efficient recruitment process.
How can employers get involved with RiseKit's initiative?
Employers interested in utilizing RiseKit's software platform can explore options to underwrite the cost of employer licenses. This will allow them to participate in local hiring initiatives and connect with overlooked talent in the labor market.
How can job seekers access RiseKit's services?
Job seekers can reach out to community-based organizations and workforce development organizations that are partnering with RiseKit. These organizations will provide support and help connect job seekers with relevant job opportunities through RiseKit's software platform.
Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.
