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LIFE CARE IS REGISTERED MAGAZINE IN RNI, NO.GUJGUJ/2015/71283
Copyright © 2015 - 2022 Lifecarenews.in
LIFE CARE IS REGISTERED MAGAZINE IN RNI, NO.GUJGUJ/2015/71283
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NEW YORK and DENVER, Feb. 09, 2023 (GLOBE NEWSWIRE) — PandoLogic, a wholly owned subsidiary of Veritone, Inc. (NASDAQ: VERI) and a leading provider of artificial intelligence (AI) hiring solutions, today announced the availability of its latest Labor Markets Insights Report, which analyzes the second half of 2022 and proposes potential trajectories for 2023. Developed in conjunction with the Center for Business and Economic Analysis (CBEA) of the Donald J. Schneider School of Business and Economics at St. Norbert College, the report examines the labor market amid a period of persistent inflationary pressure and negative GDP growth as well as increased layoffs in certain sectors.
PandoLogic’s latest research helps talent acquisition and HR professionals make sense of the changes experienced in the second half of 2022. The study takes a comprehensive look at the factors at play and how an economic slowdown may impact the overall cost of recruitment, including cost-per-click (CPC), conversion rate (CVR) and cost-per-applicant (CPA) metrics.
Select findings from the report include:
On behalf of CBEA, Marc Schaffer, Ph.D., professor of Economics & Data Analytics at St. Norbert College, shared, “While the recession conversation is top of mind in 2023 for the broader economy, the labor market continues to demonstrate its resilience. Though there are signs of cooling, the labor market continues to remain tight into the new year.”
Terry Baker, president and CEO of PandoLogic, stated, “Since introducing our Labor Market Insights Report last year, it’s clear that the market has shifted dramatically. However, in addition to the headline-catching changes, employers still need access to key data and resources to help solve the nuances involved in recruiting, including remote work, pay transparency and the support of DE&I initiatives. What’s happening in one industry isn’t necessarily happening in all industries. The same goes for geography, candidate demographics and other key factors that technologies like PandoLogic understand and account for under various conditions and use to optimize hiring results and reduce costs.”
The PandoLogic Labor Markets Insights Report is complimentary and available for download here.
About PandoLogic
PandoLogic is the leading recruitment marketing and conversational AI platform in North America. Serving the world’s most recognizable brands, PandoLogic utilizes advanced AI technology to transform the future of recruiting. PandoLogic’s flagship product, pandoIQ, is an AI-enabled talent acquisition platform that empowers employers to reach the right candidates on the right sites for the right price. Making more than 7,000 micro-decisions per minute, pandoIQ automates and optimizes the complexities of job placements at scale and precision levels previously unattainable.
PandoLogic is a wholly owned subsidiary of Veritone, Inc. (NASDAQ: VERI), a leader in enterprise artificial intelligence. To learn more, visit PandoLogic.com.
About Veritone
Veritone (NASDAQ: VERI) is a leader in enterprise artificial intelligence (AI) software and solutions. Serving organizations in both commercial and regulated sectors, Veritone’s software, services, and industry applications accelerate and maximize digital migration, empowering the largest and most recognizable brands in the world to run more efficiently, accelerate decision making and increase profitability. Veritone’s hyper-expansive Enterprise AI platform, aiWARE™, orchestrates an ever-growing ecosystem of machine learning models to transform audio, video and other data sources into actionable intelligence. Through professional and managed services, as well as its robust partner ecosystem, Veritone develops and builds AI solutions that solve the problems of today and tomorrow.
Safe Harbor Statement
This news release contains forward-looking statements. Without limiting the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate” or “continue” or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Assumptions relating to the foregoing involve judgments and risks with respect to various matters which are difficult or impossible to predict accurately and many of which are beyond the control of Veritone. Certain of such judgments and risks are discussed in Veritone’s SEC filings. Although Veritone believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by Veritone or any other person that their objectives or plans will be achieved. Veritone undertakes no obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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