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    Date submitted
  • 28-Jan-2016

Yobs Technologies, Inc

Abstract

Yobs transforms the enterprise's unstructured data about candidates and employees (video, text, audio) in beautiful, simple and actionable reports, enabling companies to build and coach teams more effectively.

According to Forbes, 89% of failed hires stem from lack of motivation, EQ and coachability; only 11% are due to lack of technical skills. Yobs'‚Äč Artificial Emotional Intelligence analyzes large amounts of unstructured data to understand the soft skills of applicants and talent 3-4x better and in 1/10 the average time. Yobs extracts traits that affect job performance from video, text and audio data and delivers the most important insights in actionable reports directly in your HR system, enabling companies to build and coach teams more effectively.

Through machine learning, its compliant technology also learns from employees and candidates to optimize the top of the funnel for every different company.

Sign up for a free demo on our website: www.yobs.io

Yobs Technologies, Inc. is a California Corporation based out of Los Angeles, CA.

Video

Additional Questions

Who is your customer?

Yobs conducts direct sales to global fortune enterprises or operates via HR platforms and staffing firms. It currently operates in North America, EU and plans to expand to Asia by the end of 2018. The budget for Enterprise AI applications globally is $1.3B for 2018, and spending in enterprise AI is expected to sustain its high growth to reach $31B in 2025. More generally, Yobs operates in the global recruitment market is worth $400 billion.

What problem does this idea/product solve or what market need does it serve?

According to Forbes, 89% of failed hires stem from lack of motivation, EQ and coachability; only 11% are due to lack of technical skills. This translates into a concerning 25% rate of good hires in enterprises. Yet, companies spend hundreds of headcount and millions of dollars on recruitment, training, coaching and internal mobility with uncertain results.

What attributes will make this idea/product successful? Why do you believe that those features will create success?

Our solution uses artificial intelligence in video analytics (audio, speech, facial expressions) to measure soft skills 4x better and in 1/10 the time as an HR employee, enabling better building and coaching of teams. Companies can use our technology directly in their HRIT system to understand in detail and with certainty which soft skills lead to higher performance and lower turnover across positions. These insights can be used for training and coaching, as well as recommending the best position for the employee, but our AI mainly enables HR to re-discover applicants lost in the ATS by finding matches that have similar soft skills as top performers, increasing speed and quality of hiring and reducing risk.

Explain how you (your team) will execute to make this idea/product successful? What gives you (your team) an advantage over others already in the market or new to this market?

We work with top AI researchers from Silicon Valley and the world's best organizational psychologists, who have helped Yobs build defensible technology. Thanks to major partnerships with IBM Watson and the world's largest recruitment players, Yobs has been growing 88% MoM for the past 7 months and is quickly expanding worldwide. Intervyo and Hirevue are our two main competitors. Intervyo is a small company in Israel, which has challenged us on a couple of accounts and lost the accounts both times on criterias like team experience and technology performance. HireVue is a large company in the video interviewing space. Their license prices are the highest in the industry yet their AI technology is replicable because they use off-the-shelf API's like Affectiva for their analysis. Many large accounts like Adecco Group have stopped using their service due to mitigated ROI, going for cheaper competitors.