Business
Wikisoft Enters the Billion Dollar Market for Company Org Data and Talent Acquisition
Wikisoft Enters the Billion Dollar Market for Company Org Data and Talent Acquisition.
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[{"type":"text","content":"NEW YORK, NY / ACCESSWIRE / July 13, 2020 / Wikisoft, Corp. (OTC PINK:WSFT) the "Wikipedia for business" is hoping to challenge LinkedIn and fill a gap in the market for company org data and recruitment. Initially, Wikisoft will add company org charts to approximately 50 million company profiles on wikiprofile.com, a wiki encyclopedia for businesses and professionals with over 65 million company profiles.The new enhanced version of wikiprofile.com provides open access to company organization charts built from multiple trusted internet data sources like Bloomberg, Reuters and Wikipedia. This new service moves Wikisoft closer to its goal of being the ‘go-to' for business data. Adding org charts gives employers and employees using the portal a more holistic view of companies.The org chart is a useful communication tool for employees and business partners. Understanding the roles within a company and the value of them is essential. According to a McKinsey Partner "Usually, there are between 30 and 50 roles that make up somewhere between 70% to 80% of the value agenda. That tends to be regardless of company size, in terms of market cap and employee number."Any company featured in the Wikisoft profile and org chart will be able to claim the page, contribute to it and update the org chart.In the bigger picture, Wikisoft sees the org chart feature as the first step in a set of talent acquisition tools that they anticipate later in the year. The plan is to match job seekers to vacancies visible in the org chart. This offering taps into a job recruitment market valued at $200 billion USD per year and anticipated to reach $1,147.8 billion USD by the end of 2023.In the last 10 years, HR has taken full advantage of the digital revolution and become a victim of its own success. From AI to Big Data, the abundance of navigable information for HR teams is now matched with a glut of technology to aid users throughout the hiring process. Automation is considered a necessity for larger organizations. There are a plethora of online recruiting sites and big players like LinkedIn also participating.All the online recruiting sites come with their own proprietary styles and systems for collecting CVs and data from the candidates. A few even include the option to pre-fill submissions with LinkedIn profiles. With so many diff...