A HireLabs Inc. research report
August 2009

Increasing Returns by understanding Talent

The VCs must ask themselves if their companies are run by management teams¹ that capable of driving companies as the recession bottoms. Studying the shift in the current unemployment rates in the US, HireLabs can forecast a recovery in the international labor market – lead by the US – sometime around Feb 2010. Very few CEOs of venture-backed companies have the experience of riding a company out of a recession successfully.

The first sign that a management team is not performing at optimum is when market conditions are blamed for loss of productivity. The questions that investors should ask their management team is whether the competition was able to monetize on the opportunities in the given market conditions. Read more…

In his interview with Jehan Ara on “In the Line of Wire” Saleem Qureshi, President & COO HireLabs Inc., talks about the need for employment assessment so that people are placed in the right professions, in the right departments and at the right level of competency.

Saleem and his company work mainly with large organizations to ensure that all employees and potential employees are assessed to determine that they are right for the jobs they are being placed in. I asked him if similar assessments could be used to determine which disciplines kids should select when entering university and what kind of professions they were suitable for.

Saleem answers this and many other questions in this episode of ITLoW.

What is HireLabs? According to Saleem, HireLabs is the leading innovator of pre-employment assessment services. Their goal is to streamline and simplify the HR decision-making process to maximize talent alignment while minimizing company costs. HireLabs works in collaboration with data collected from the US Department of Labor and Stanford University to create the next generation in employment assessments. Read more…

Do you remember that guy who got a funding of $3million in his the series A round, he had an impressive business plan, he displayed rapid growth and claimed he was 12 months from breaking even?

Do you remember how he delivered his commitments during the first 6 months, which was followed by a series of losses? This situation is all too common, we have all seen this, but now instead of ignoring this Read more…

Over the past few years, we’ve seen new and traditional private equity firms slowly gain interest in the HR technology space.  Private equity investment isn’t actually new to the HR vendor market.  General Atlantic Partners has been one firm that has take interest in HR over the years. humancapitalist.com, The Human Capitalist » How Important is Private Equity in Human Capital and Talent Management?, Jul 2009

You should read the whole article.

One of the most beneficial aspects of an evidence based talent assessment tool is to identify a candidate’s talent gap in a specific job role. With the range of assessment diagnostic techniques developed at Hirelabs Inc., and experience in internal development processes at our clients’ base, HireLabs can work in a consultative position with your organization to help you identify where talent exists in your organization, and then put in place effective measures to support the rapid development of your employees. Read more…