AlgoMe is the innovative start up using intelligent technology to expedite and augment career development and job placement in the world of Asset Management, the wider Financial Services industry, and recruitment.
What is it?
AlgoMe is a web and mobile-based membership community of professionals. It is available in launch phase to the Asset Management community in the UK and Europe. Professionals will be able to create a free profile to access jobs across a number of sectors including Asset Management and Fintech; as well as direct questions to experienced professionals or match with mentors who have the knowledge to help them reach their career goals.
HR managers and project leaders will be able to create a presence and share job opportunities within their organisations as well as search and discover the right person to match their requirements.
Pre-register now and to keep up to date.
The company in good company
The company is founded by Rob Carter (formerly Aberdeen Asset Management) and Luuk Jacobs (previously at Aviva). Their deep knowledge and experience of the industry has given them the first-hand insight and awareness of the core issues and challenges they have set out to solve with AlgoMe.
The AlgoMe team is based in the heart of London’s tech city and is on the doorstep of the Asset Management community. It has a group of highly experienced advisors drawn from HR, Financial Services, Law and Technology. There is a wider network of ‘beta tester’ executives who have road tested the website and technology and will remain part of the agile development strategy. The first wave of industry feedback has been hugely positive; businesses and professionals alike feel this solves many career and recruitment issues.
The name AlgoMe (pronounced Al-go-mee) combines the abbreviated Algorithm “Algo”, with “Me” to embody a ‘match’ using algorithms, with an emphasis the on the individual’s professionals needs through “Me”.
AlgoMe sees itself as a platform that will soon prove itself as the new way of career and talent management. It expects to support the careers of thousands of professionals in the financial services industry, helping them find their next job opportunity, the connections, tools and services they need, and to keep growing professionally. Equally, AlgoMe believes companies will widely adopt this new platform to engage directly with the relevant professionals to find the right individual at the right time, in a matter of days or weeks instead of months.
Making career mobility a reality
The AlgoMe vision has another facet too. It aims to help professionals take charge of their career, helping them move towards their goals more quickly. Finding the right job or employee is important but so is career progression and personal development. Professionals are usually hired on the basis of their last job, but may risk not being able to continue their careers by changing employer. AlgoMe will provide professionals access to mentoring, coaching, training and volunteering opportunities. The AlgoMe ‘professional profile’ reflects what the individual is actively doing to manage their career. This has a positive benefit in giving companies more confidence in hiring professionals for their next career aspiration, rather than their last job.
Moving Asset Management forward faster
Like many business sectors, Asset Management has experienced rapid change in recent years. This means professionals need to upskill constantly in the face of new demands and companies need to find people with the right skillsets quickly to implement change.
Current market conditions mean fees are tending downwards and there’s increasing complexity from new regulation coupled with the fast pace and adoption of technology. In such times of narrowing margins, access to the support, learning and knowledge individuals to develop may not necessarily exist. In parallel to this shortfall AlgoMe has identified, the recruitment industry is lagging behind as well, hindered by high fees, low transparency and inefficiencies from the heavy use of manual processes and duplication and redundancy within operating models. The knock-on effect is that the search for talent and the right people, with the right skills, available at the right time is vastly hindered.
The Benefits and How it Works
AlgoMe helps businesses and individuals become agile and unencumbered by these issues. Its intelligent network and matching service, using proprietary technology, has numerous benefits. It discretely matches people seeking access to career development knowledge and connections; allowing individuals to meet new people for mentoring or networking without having data in the public domain. As a result, personal development and career progression can now match the pace of the evolving industry. The major benefit of using AlgoMe to find personnel is the recruitment process is expedited and highly efficient due to the algorithms and quality matching. Businesses and professionals who have completed the registration process, are able to directly engage with relevant matches. It’s rather like a dating app in that you get to determine if the match is right for you before your data is shared.
AlgoMe is currently in beta phase and will be launching fully in Spring 2017.