AI simplifies the remote recruiting process

Payroll, HR and benefits company Simpeo has teamed up with hiring platform GoodJob on a new talent acquisition tool designed to utilize AI technology to navigate remote recruiting.

A bad hire can end up costing employers about five times the employee’s annual salary, according to the Society for Human Resource Management. This includes the cost to replace the worker, training time for new staff, expenses and lost revenue. It is estimated that 80% of turnover is due to bad hires, according to theHarvard Business Review.

Read More: Doctor on Demand and Grand Rounds want to solve telehealth inefficiencies

Simpeo and GoodJob created software called Simpeo On-Demand Talent. Companies can utilize this technology to find and hire the most qualified talent earlier in the job search process while managing costs.

“Our clients are passionate about their employees and want to hire [people] who contribute to the culture of their organizations and have long, successful careers in their roles," Blake Patterson, founder and CEO of Simpeo said in a release. "The GoodJob platform gives our clients a competitive advantage by helping them find the best talent to create those long-term relationships.”

Read More: Workday to acquire Peakon as remote work demands greater connectivity

In 2020, GoodJob launched a platform that assesses the quality of a candidate through algorithms. The technology copies the traits of other top performers in similar jobs to help predict whether a candidate will be successful. The platform makes it simpler and faster for employers to identify candidates at the start of the hiring process who have the best chance of succeeding in the role they are trying to fill.

Simpeo currently offers small and medium-size businesses a range of administrative services including payroll, benefits, HR and compliance. Working with GoodJob will allow Simpeo to expand further into the talent services market with this unique technology.

"Our partnership with Simpeo will enable the GoodJob platform to reach hundreds of companies and thousands of candidates in the near term," Stephen Johnston, CEO of GoodJob, said in a release. "We're excited to help Simpeo expand their service offering and help their clients immediately benefit from our technology.”