Workable is strengthening its position as Europe’s leading contender in the fast-growing hiring tools market with a fresh investment round of €600,000 led by Jeremie Openfund II. A cloud-based applicant tracking software, Workable is a new way to collect, review and hire people that buries the resume in favour of candidates’ online profiles.
Workable enables employers to look at candidates in the full context of their online presence. “We pull together context from candidates’ social media footprint, information about past employers, education and skills and deliver it in a form that’s easy to review and decide on,” says Workable’s CEO, Nikos Moraitakis. “It’s no longer about the impression the candidate wants to make with their resume, it’s about the information the company needs to make the right hiring choice.”
Business to Business (B2B) Software as a Service (SaaS) is growing and companies are switching to cloud software for hiring. Applicant tracking systems are the interface they use to manage everything from sourcing, job adverts, candidate screening, testing, internal workflow and collaboration. Candidate information and interaction is moving online.
“As a team of product designers and developers, discovering Workable was a magical day for us. Not only is this product beautifully designed, the effort that has gone into crafting such a great user experience really shines through. It has streamlined our hiring process, improved our ability to screen candidates, and kept feedback and hiring status altogether. The most exciting thing? It’s just the beginning of what’s possible with this product… We can’t wait.” says Sam Mathews, CEO of Neverbland and a noted authority on business software design.
“Cloud players with a fresh approach will contest a multi-billion euro space,” says George Tziralis, partner at Jeremie Openfund II, an Athens-based seed fund for technology companies, like Workable, that serve the global market. “An innovative European contender for this space is both welcome and overdue.”
The United States’ nearly 6 million small to medium-size enterprises (SMEs) have already spurred the creation of SaaS ventures including JobVite, SmartRecruiters and The Resumator. While Workable is already competing for American clients with these firms, it also has a 24 million SME market in its own backyard, the European Union.
It’s time to move on from the car crash of PDF resumes and long mail threads. Workable recognizes that the people you want to hire have structured, honest, readable profiles on Linkedin and other professional networks. It’s an applicant management, screening and collaboration tool designed for a world of contextual candidate profiles, natural workflow and online communication between the candidate and the hiring team that you may actually want to use.