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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Reach plc    TNI   GB0009039941

REACH PLC

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Phoenix51: A New Tech Platform for Remote Hiring & Onboarding

09/15/2020 | 08:50am EST

- Phoenix51 launches with a host of blue chip clients including Reach PLC, IHG, CenturyLink, Tottenham Hotspur, TP/ICAP and Mediacom.

- The HR technology-enabled platform, allows organisations to make data-driven decisions at every stage of the employee journey, from hiring through to benchmarking, training and retention, guaranteeing the highest return on investment from selected talent.

- Backed by a world-class advisory board comprising experts from the tech, sales, and marketing industries.

London, United Kingdom - - Phoenix51, a leading HR technology-enabled talent recruitment, assessment, and development platform, has officially launched today, after establishing a world-class advisory board and successfully completing its beta phase. The company is already working with a host of blue chip clients including; Reach PLC, IHG, CenturyLink, Tottenham Hotspur, TP/ICAP, Mediacom and more.

Phoenix51 enables organisations to make data driven decisions at every stage of the employee journey, from hiring through to benchmarking, training and retention. The platform creates digital frameworks and scorecards that allow organisations to assess and interview against key behaviours and competencies specific to a job role, in both vertical and horizontal hiring.

According to academic research, competency-based and structured interviews are almost twice as likely to offer reliable insights into candidate performance and deliver a more appropriate hire than CV interviewing alone. "The results from our beta testing support this finding, as we too have found that an unstructured interview - i.e. simply asking questions about the candidate's background and reviewing their CV is likely to give less than a 50% chance of making the right hiring decision," said Chris Wimshurst, Chief Operating Officer at Phoenix51.

With virtual hiring becoming the norm, this statistic drops further due to missing non-verbal communication, and the applicant's increased level of discomfort due to being interviewed via a video platform. Phoenix51's embedded video technology enables employers to incorporate a wider range of comprehensive methods of evaluation, providing greater accuracy in hiring decisions.

Phoenix51 takes basic interviewing and assessment to the next level, by automating the data, giving candidates and employees incredibly accurate and detailed feedback, including digital notes and graphs, all at the click of a button, which is seamlessly integrated with internal ATS or CRM systems so that the data can be used, time and time again.

"We are absolutely delighted to be launching Phoenix51 today," said founder and CEO, Lee McQueen. "A significant amount of research and learning has gone into developing the platform, and we're thrilled to be launching it, and ushering in a new era in how businesses hire, benchmark, train and retain their people."

A former winner of The Apprentice, and leader of the award-winning business, Raw Talent, McQueen brings with him nearly 20 years experience in talent acquisition, assessment and competency frameworks. McQueen has a genuine passion for developing solutions which enable organisations to select and develop people. Underpinned by a core understanding of the importance of talent analytics, he is a firm believer that a data-driven approach to assessment will define the next epoch in talent assessment and beyond.

McQueen is joined by COO, Chris Wimshurst, a business psychologist with qualifications in cognitive behavioural coaching and psychometric assessment, Wimshurst has designed systems and frameworks that take organisations through the entire talent lifecycle encompassing; assess, hire, train and retain.

Phoenix51 boasts a world-class advisory board comprising experts from the tech, sales, and marketing industries, all with over 20 years of experience. These include Andrew Bloch, global PR expert; Emma Maslen, SaaS and technology expert; Michael Power, expert in customer focussed technologies, Sam Page, marketing expert with a focus on innovation; Sean Miller, expert in developing user-friendly talent-based applications and technologies; and Jon Holden, experienced in selling HR technology.

-ends-

For more information, please contact:

Mariella Rice-Jones

CLPR

mariella@cryptolandpr.com

US: 866-586-5603

UK: +44 020 3908 5686

About Phoenix51:

Phoenix51 is a leading HR technology-enabled talent recruitment, assessment, and development platform. We collate data-driven insights for organisations to be able to make the best decisions at every stage of the employee journey; from hiring through to benchmarking, training and retention, guaranteeing the highest return on investment from selected talent. For more information, please visit: Phoenix51.io

Notes to Editors:

Lee McQueen - CEO - 20 years' in talent acquisition including assessment and competency framework space. Lee has a genuine passion for developing solutions which enable organisations to select future talent. Underpinned by a core understanding of the importance of talent analytics, Lee is firm in his belief the data driven approach to assessment will define the next epoch in talent assessment and beyond.

Chris Wimshurst - CCO - is a business psychologist with qualifications in cognitive behavioural coaching and psychometric assessment, and he helps design systems and frameworks that take organisations through the entire talent lifecycle of assessing, hiring, training and retaining.

Jon Holden - Strategic Sales - Jon has over 20 years' experience selling HR technology. He is responsible for executing the Phoenix51's go-to-market strategy, engaging with clients and fostering partnerships within the RPO and MSP space.

Andrew Bloch - Board Advisor - Andrew has 25 years experience in PR, working with global brands around PR marketing and business strategy. He is spokesperson and advisor to Lord Sugar and a board advisor to a number of high growth start-ups in the tech space.

Emma Maslen - Board Advisor - Emma has over 20 years' experience developing and selling SaaS at a global level. She acts in a board advisory and commercial capacity, supporting the business in our investment, marketing and growth strategies.

Michael Power - Director of Product and Customer Success - Michael leads our customer success and product team. With 20 years' experience in customer focussed technologies, he supports the client onboarding, training and product development pushing the envelope of product design and usability.

Sam Page - Board Advisor - Sam from 7DOTS advises on Phoenix51 marketing and brand strategy, ensuring a seamless experience from customer engagement to brand development. Sam has a strong track-record of working with global brands on innovative and elegant user-focused technologies.

Sean Miller - Technology - Sean leads the Phoenix51 technology team from product development to deployment and support. He brings 20 years' worth of experience in developing intuitive, user friendly innovations to talent-based applications and technologies.

Heather Saunders - Operations - Heather has over 16 years in recruitment operations and 8 years experience specially in the talent behavioural space. Her role is to ensure the smooth day-to-day operation of Phoenix51.

Nicola Fish - Board Advisor - Nicola has vast experience of working with B2B businesses to help build customer-centric strategies. She is a Board Advisor focused on brand and marketing, ensuring Phoenix51 has a consistent brand experience which resonates with our audience.

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(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
CENTURYLINK, INC. 0.97% 11.43 Delayed Quote.17.23%
REACH PLC -4.23% 190.2 Delayed Quote.33.01%
TP ICAP -0.09% 227.4 Delayed Quote.-4.53%
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Financials
Sales 2020 597 M 811 M 811 M
Net income 2020 74,2 M 101 M 101 M
Net cash 2020 42,1 M 57,2 M 57,2 M
P/E ratio 2020 8,16x
Yield 2020 2,47%
Capitalization 589 M 801 M 801 M
EV / Sales 2020 0,92x
EV / Sales 2021 0,93x
Nbr of Employees 4 573
Free-Float 87,6%
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Mean consensus HOLD
Number of Analysts 6
Average target price 239,25 GBX
Last Close Price 191,00 GBX
Spread / Highest target 84,3%
Spread / Average Target 25,3%
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Managers and Directors
NameTitle
Jim Mullen Chief Executive Officer & Director
Nicholas Edward Tucker Prettejohn Chairman
Simon Jeremy Ian Fuller Chief Financial Officer & Director
Helen C. Stevenson Senior Independent Non-Executive Director
David Thomas Kelly Independent Non-Executive Director
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