WorkSynx

Worksynx

JobTech Development

We transform CVs into careers

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Do you want to help improve job market matching?

WorkSynX JobTech develops digital services to create a more data-driven and inclusive job market. Through advanced technology and innovative matching algorithms, we connect talents with opportunities and enable employers, job seekers, and other stakeholders to collaborate effectively. Our goal is to enhance the job-seeking process and create synergies for more business opportunities in the labor market. Would you like to join us on this journey?

Problem definition

The job market is often fragmented and difficult to navigate. Many job seekers struggle to find relevant opportunities nearby, and employers face challenges in reaching the right candidates. Traditional platforms often fail to match the company's culture with the candidates' values.

Long Lead Times:

Delays between job postings and the hiring of the right candidate. Lead times in the job market refer to the period from decision to execution and effect, such as recruitment, training, or adaptation to technological changes. They impact how quickly the job market can respond to changes in demand. Shorter lead times increase flexibility and efficiency.

Lack of transparency:

Employers and candidates lack access to real-time data to make informed decisions. The lack of transparency in the job market can lead to inefficient matching, inequality, and misunderstandings. Workers may be limited in their choices and career opportunities, while employers risk high employee turnover. This reduces trust in the job market and negatively impacts the economy.

Inefficient matching:

Mis-hiring resulting in high costs and resource wastage. Inefficient matching in the job market occurs when workers' skills do not meet employers' needs, often due to a lack of training or poor information. This leads to unemployment despite job vacancies and economic losses. Solutions include better education, career counseling, and more effective matching services.

Consequences

Increased unemployment and social costs. Deteriorated candidate experience affecting the brand's reputation and future recruitment. Lost productivity for companies.

Market potential

Sweden

1.2 million job seekers and 900,000 active recruitments annually. Mis-hirings cost employers up to 300,000 SEK per instance.

Globally

77 million job seekers and 22 million mis-hirings cost companies billions annually.

Economic benefits

An effective solution like WorkSynX can save Swedish employers over 2 billion SEK annually through reduced mis-hirings and improved processes.

Target market

Our target market includes both job seekers, particularly young professionals and students, as well as small and medium-sized businesses looking for efficient recruitment solutions.

Vision

En framtid där:

The job market matching takes place in real-time, digitally, simply, efficiently, and reliably. Recruitment tools are transparent, fair, competency-based, and data-driven. Candidates receive an engaging and personalized experience, tailored and seamless.