JobKred, Singapore-Based AI-Powered Skills Intelligence Company, Launches First-of-its-Kind HR Tech Platform in Japan to Accelerate Workforce Transformation

PR90099

TOKYO, June 30, 2021 /PRNewswire=KYODO JBN/ --

JobKred, a Singapore-based AI-powered Skills Intelligence Startup, is proud to

announce today their expansion into Tokyo, Japan, which aims to support

Japanese organisations with accelerated workforce transformation. Funded by

Japanese venture capital Accord Ventures, JobKred will be the first HR Tech AI

platform in Japan, with the analytical tools and capabilities to address the

country's current workforce crisis, aggravated by the COVID-19 pandemic.

Established in 2014, JobKred is the 2021 award winner for the Singapore

Business Review Technology Excellence Awards, whose HR Tech platform has

accelerated workforce transformation for companies all over the world. JobKred

is capable of identifying a clear direction in workforce development and

enables organisations to increase efficiency in recruitment processes through

talent development within the company.

As Japan's Ministry of Health, Labour and Welfare reported over 80,000 jobs

lost in 2021 due to COVID-19, this suggests an urgent need for the Japanese

workforce to move away from their legacy "Membership-Type" employment. By

expanding into Japan, JobKred aims to provide the proper framework and metrics

for Japanese organisations, which will allow them to smoothly transition from

"Membership-Type" employment into "Job-Type" employment.

"Since COVID-19, we've been approached by many large Japanese companies who

have expressed the need for a workforce solution that enables ease of job

transition and progression. Japan has always been one of our target markets,

and this organic demand for a solution like ours has accelerated our decision

to focus on growth in Japan and solving the needs of the market. From skills

development, to reskilling, upskilling, and retraining, we have spoken to a

handful of Japanese companies who have agreed with our value in skills

intelligence and career development for both their local teams and

international teams," said CEO and Co-Founder of JobKred, Gary Gan.

Dedicated to enterprise businesses, JobKred's global human resources platform

provides skills intelligence data and analytical tools allow management teams

to make decision-based on data and insights. This enables companies to navigate

through changes in their industry and maintain their competitive advantage

across markets.

To further increase organisational efficiency, JobKred also offers a

personalised career development platform. This function allows employees to

evaluate their job performance, identify their skill gaps, and access

recommended personalised training courses that are readily available online or

in-person. Upon completing their self-assessment, employees will find

themselves motivated to take responsibility for their personal career

development, without the need for close contact supervision from higher

management.

JobKred's solutions have attained success repeatedly for multiple organisations

in Singapore, achieving an above average improvement in employee engagement,

and reducing attrition rate up to 37% for award-winning government tech

solutions companies, such as CrimsonLogic. Throughout 2020-2021, JobKred has

seen over 400% growth in companies utilising their platform, and over 100,000

employee users. To date, JobKred has supported workforce transformation in

Fortune 500 enterprises, government agencies and global organisations, such as

World Bank, UNESCO, Asian Development Bank, and more.

Moving forward in 2021, JobKred intends to expand their team in Japan and

announce their upcoming partnerships with established learning and development

providers, Small Medium Enterprise and Multinational Corporation partnerships

in the market. With a goal to become a global tech company, JobKred is also

aiming to expand their offerings to companies in Australia, Vietnam and

Malaysia.

For more information about JobKred, please visit www.jobkred.com.

About JobKred

Established in 2014, JobKred is an AI-powered skills intelligence company that

specialises in employee retention. With a tech platform dedicated to enterprise

businesses, JobKred has transformed recruitment practices and empowered crucial

HR decisions for organisations all over the world, by embracing a data-driven

and predictive-trend analytics approach. With a business proposition that is

highly relevant across markets, JobKred aims to expand into developing

countries to help with the country's workforce transformation. To date, JobKred

has been doubling in revenue on an annual basis without any third-party funding

and are the recent Computer Software Category award winners of the Singapore

Business Review Technology Excellence Awards 2021.

SOURCE JobKred