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	<title>VentureBeat &#187; job matching</title>
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		<title>Evolv and The Wharton School use &#8216;big data&#8217; to predict when you will quit your job (exclusive)</title>
		<link>http://venturebeat.com/2012/11/19/evolv/</link>
		<comments>http://venturebeat.com/2012/11/19/evolv/#comments</comments>
		<pubDate>Mon, 19 Nov 2012 17:51:41 +0000</pubDate>
		<dc:creator>Christina Farr</dc:creator>
				<category><![CDATA[Big Data]]></category>
		<category><![CDATA[big data]]></category>
		<category><![CDATA[employment algorithm]]></category>
		<category><![CDATA[employment data]]></category>
		<category><![CDATA[featured]]></category>
		<category><![CDATA[job algorithm]]></category>
		<category><![CDATA[job matching]]></category>
		<category><![CDATA[wharton school]]></category>

		<guid isPermaLink="false">http://venturebeat.com/?p=576708</guid>
		<description><![CDATA[<p>Venture-funded startup Evolv has developed a computational method to help job-seekers find employment that is best suited to them, and match human resources teams with the right&#160;talent.</p>
<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=576708&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p><a href="http://venturebeat.com/2012/11/19/evolv/resume-pile-seelio-2/" rel="attachment wp-att-576755"><img class="alignleft size-full wp-image-576755" title="resume-pile-seelio" alt="" src="http://venturebeat.files.wordpress.com/2012/11/resume-pile-seelio.jpeg?w=558&#038;h=372" height="372" width="558" /></a></p>
<p>Walking into a job interview, you&#8217;ve done everything by the book: Your tie is neatly-pressed, your resume is in-hand, and you&#8217;ve prepped for the standard questions. After going through all this effort, would you feel slighted if the interviewer made the ultimate decision about whether or not to hire you based on an algorithm?</p>
<p>Venture-funded startup <a href="http://evolvondemand.com" target="_blank">Evolv</a> has developed a computational method to help job-seekers find employment that is best-suited to them, and match human resources  teams with the right talent. &#8220;It&#8217;s hard to understand why it&#8217;s radically predictive, but it&#8217;s radically predictive,&#8221; said Jim Meyerle, Evolv&#8217;s cofounder.</p>
<p>It&#8217;s not just about helping Fortune 500 companies recruit talent and boost productivity &#8212; there are tools like <a href="www.successfactors.com/">SAP&#8217;s SuccessFactors</a> and <a href="http://www.oracle.com/us/products/applications/taleo/overview/index.html" target="_blank">Oracle-owned Taleo</a> for that. The San Francisco-based software-as-a-service company is teaming up with the Center for Human Resources at the <a href="http://www.wharton.upenn.edu" target="_blank">Wharton School of the University of Pennsylvania</a> to understand (and potentially reduce) high attrition rates in the United States.</p>
<p>According to Peter Chappelli, Director of Wharton&#8217;s Center for Human Resources, the school offered up its research to Evolv because &#8220;massive-scale data mining and analysis supports discovery of new relationships that are not generally expected by hiring experts.&#8221; For Evolv, it&#8217;s about furthering our understanding of labor economics: &#8220;The long term outcome is academic journal articles,&#8221; said Meyerle.</p>
<p>There are two major factors behind high attrition rates: The job doesn&#8217;t suit an employee&#8217;s skill-set, or it&#8217;s not a cultural fit. The most common problems are that the employee is unequipped for the job, inadequately compensated, or working under a bullish supervisor. With enough data, Evolv believes it can prevent all of these problems from unfolding and place people in jobs that are highly likely to work out.</p>
<p>Since launching in 2007, the company has scored some major enterprise customers like <a href="http://xerox.com" target="_blank">Xerox</a> to help them source talent and boost workplace productivity. Evolv&#8217;s in-house data science team will extract information from a number of different sources including termination history and performance data, then combine it with relevant econometrics, like gas prices and nationwide unemployment rates. To bolster the data sets, Evolv pushes out surveys to its customers&#8217; employees about social media usage, work history, and other core traits and competencies.</p>
<p>&#8220;These models will predict your likelihood of separating from your employer based on everything we know about you and the position,&#8221; said Michael Housman, managing director of analytics at Evolv.</p>
<p>Already, the company has uncovered some useful insights about the nature of work:</p>
<ul>
<li>People with criminal records in many cases make better employees.</li>
<li>An individual employee&#8217;s success can often be tracked and predicted based on their manager&#8217;s performance.</li>
<li>People with two social media accounts are high performers, but those with more or less are less likely to succeed.</li>
<li>Graduate degrees and higher education aren&#8217;t predictors of employee loyalty. Personality traits like reliability and curiosity are stronger signals.</li>
</ul>
<p>Through the partnership with Wharton, the company will refine its algorithm and attack more complex challenges. Houseman told me the company is working to understand the characteristics of a good supervisor. &#8220;We will use data to determine how long they will likely be able to retain their employees and whether they will help them attain a high level of performance,&#8221; he said.</p>
<p>For the team at Evolv, there is an exciting opportunity to make the most of a massive trove of data. &#8221;Wharton and Evolv have one major thing in common,&#8221; said Meyerle.&#8221;We are both trying to understand what keeps employees on the job.&#8221;</p>
<br />Filed under: <a href='http://venturebeat.com/category/big-data/'>Big Data</a>  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=576708&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" />]]></content:encoded>
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		<slash:comments>0</slash:comments>
	<enclosure url="http://venturebeat.files.wordpress.com/2012/11/resume-pile-seelio.jpeg?w=160" /><source url="http://venturebeat.com/2012/11/19/evolv/">Evolv and The Wharton School use &#8216;big data&#8217; to predict when you will quit your job (exclusive)</source>
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			<media:title type="html">christinafarr</media:title>
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		<title>Funding daily: Halting the hackers and online dating meets job searching</title>
		<link>http://venturebeat.com/2012/04/24/funding-daily-april-24-2012/</link>
		<comments>http://venturebeat.com/2012/04/24/funding-daily-april-24-2012/#comments</comments>
		<pubDate>Tue, 24 Apr 2012 22:42:22 +0000</pubDate>
		<dc:creator>Sarah Mitroff</dc:creator>
				<category><![CDATA[Deals]]></category>
		<category><![CDATA[care packages]]></category>
		<category><![CDATA[cloud storage]]></category>
		<category><![CDATA[featured]]></category>
		<category><![CDATA[funding daily]]></category>
		<category><![CDATA[hacking]]></category>
		<category><![CDATA[incubator]]></category>
		<category><![CDATA[Java hosting]]></category>
		<category><![CDATA[job matching]]></category>
		<category><![CDATA[social media commerce]]></category>
		<category><![CDATA[targeted ads]]></category>

		<guid isPermaLink="false">http://venturebeat.com/?p=420869</guid>
		<description><![CDATA[<p>At VentureBeat, we come across a lot of funding news every day. In order to bring you the most information possible, we’re rounding up the quick-and-dirty details about the funding deals of the day and serving them up here in&#160;&#8230;</p>
<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=420869&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p><img class="aligncenter size-full wp-image-420956" title="ss-hacker with computer and credit card" src="http://venturebeat.files.wordpress.com/2012/04/hacker-with-computer-and-credit-card.jpg?w=655&#038;h=443" alt="" width="655" height="443" />At VentureBeat, we come across a lot of funding news every day. In order to bring you the most information possible, we’re rounding up the quick-and-dirty details about the funding deals of the day and serving them up here in our “Funding daily” column.</p>
<h4>Shape Security $5.6M of $5.58M round SEC</h4>
<p>According to an <a href="http://www.sec.gov/Archives/edgar/data/1548097/000154809712000001/xslFormDX01/primary_doc.xml" target="_blank" target="_blank">SEC form D</a>, Shape Security has raised $5.6 million from a total $5.8 million round. Still in stealth mode, the company is trying to stop hacking once and for all.</p>
<h4>DataPop $7M funding</h4>
<p>Targeted-advertising company DataPop garnered $7 million in funding from MK Capital, Rincon Venture Partners, IA Ventures, Momentum Ventures, and Accelerator Ventures. The company claims to use science and natural language generation to create targeted ads that people are more likely to click on.</p>
<h4>“eHarmony for jobs” Path.to launches with $1.5M in the bank</h4>
<p>Path.to launched today with a $1.5 million equity investment. The company works as a matchmaking service, not for lovers, but jobs. Potential job candidates connect their social media accounts and Path.to pools relevant information about the person to create a job compatibility ranking. HR company Adecco led the round.</p>
<h4>BDC issued $6 million in convertible notes FounderFuel graduates</h4>
<p>The venture capital arm of the Business Development Bank of Canada announced today it is pledging $6 million in convertible notes to the graduates of Canadian incubator FounderFuel. Forty startups will get $150,000 when they successfully complete the FounderFuel program. FounderFuel and the BDC will determine which startups are &#8220;venture-ready&#8221; and those that are will receive the convertible notes at FounderFuel&#8217;s Demo Day in May.</p>
<h4>Fast Lane Ventures gets a $18M investment</h4>
<p>VTB Capital Venture Business has led a third round investment for Fast Lane Ventures to help the venture capital invest in Russian startups. The money will go towards Fast Lane Ventures&#8217; current portfolio companies and help invest in new Internet companies based in Russia.</p>
<h4>$2M goes to Jelastic</h4>
<p>Almaz Venture Partners and Foresight Ventures have invested $2 million <a href="http://jelastic.com/" target="_blank" target="_blank">Jelastic</a>, a company that hosts Java applications in the cloud. The company competes with Google App Engine, Heroku, and Windows Azure.</p>
<h4>DoubleDutch grabs $2M</h4>
<p>Mobile app builder DoubleDutch announced a $2 million funding round late Tuesday. The company builds geo-social mobile apps for companies, including VentureBeat. Bullpen, Floodgate, Aaron Patzer of Mint, Jawed Karim of YouTube, and other private investors participated.</p>
<h4>Chirpify gets cash for turning tweets into transactions</h4>
<p><a href="http://venturebeat.com/2012/04/24/chirpify-funding/" target="_blank">Chirpify has secured $1.3 million</a> from social media executives and angels in its first formal round of funding. Chirpify is a payment system that integrates with PayPal to allow individuals and businesses to transact on Twitter. Voyager Capital, angel investor Geoff Entress, BuddyTV CEO Andy Liu, former Facebook executive Rudy Gadre, HootSuite CEO Ryan Holmes, and TiE Oregon Angels all participated in the round.</p>
<h4>Citrus Lane receives $5.1M for mommy care packages</h4>
<p>Care package service for new moms and their babies, <a href="http://venturebeat.com/2012/04/24/citrus-lane-funding/" target="_blank">Citrus Lane grabbed $5.1 million in funding</a>. The company hand picks baby items and recommends them to new moms based on their baby&#8217;s needs. GGV Capital and Greylock Partners led the round.</p>
<h4>Terascala raises $14M</h4>
<p>Boston-based cloud data storage company <a href="http://venturebeat.com/2012/04/24/terascala-raises-14m/" target="_blank">Terascala has raised $14 million</a> in second round funding for its parallel storage appliances. Ascent Venture Partners and undisclosed investors completed the investment, which is a combination of $10.6 million in equity and $3.4 million in escrow.</p>
<p><em>Hacker image via <a href="http://www.shutterstock.com/pic-81825655/stock-photo-portrait-of-caucasian-hacker-with-balaclava.html?src=10c02ff3435b952e9bd8886ae794943f-1-0" target="_blank" target="_blank">Shutterstock</a></em></p>
<br />Filed under: <a href='http://venturebeat.com/category/deals/'>Deals</a>  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=420869&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" />]]></content:encoded>
			<wfw:commentRss>http://venturebeat.com/2012/04/24/funding-daily-april-24-2012/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<enclosure url="http://venturebeat.files.wordpress.com/2012/04/hacker-with-computer-and-credit-card.jpg?w=160" /><source url="http://venturebeat.com/2012/04/24/funding-daily-april-24-2012/">Funding daily: Halting the hackers and online dating meets job searching</source>
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			<media:title type="html">sarahbessiemitroff</media:title>
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