Sixty-two million people in the U.S. say they are not satisfied with their jobs. But 96 percent stay with that job. Why? Daniel Schaffeld, co-founder and managing director of HiJob in Germany, thinks he has some answers.
“The first reason is fear that their next job will be even worse,” he told the AIM Group’s RecPlus conference in Barcelona. “And second, it’s not very fun to apply for a job.”
That’s led to a problem where workers take sick leave (“because they hate their job”), generating a loss of some €407 million ($6 billion U.S.) a year. “That’s nearly the GDP of Austria,” Schaffeld pointed out.
HiJob was created to gently persuade passive job-seekers to consider their options. The company’s software uses machine learning to understand a job-seeker’s CV in a matter of minutes. All the job-seeker has to do is upload his or her resume. No other information is required.
HiJob’s algorithm then matches the skills it recognizes with jobs on its database. Job-seekers aren’t obligated to apply for the positions, but at least they know there’s more to work than his or her current job.
Just one problem we see: If job-seekers have to post a CV to a website, they’re no longer exactly passive, are they? But it’s certainly not as interactive or intense as tapping onto a job board and proactively scrolling through the listings.
HiJob’s AI-lite has only been trained on German CVs so far. The company expects to add Spanish and English later this year.