High-volume ATS provider Fountain released Fountain Remote, a solution designed to help employers quickly onboard large numbers of remote workers.
Fountain Remote allows employers to verify applicant identities, ensures that new employees have sufficient hardware and software to fulfill work requirements and makes sure employment remains compliant with current labor laws and requirements.
More than six in 10 companies have high-volume recruiting needs according to research conducted by Aptitude Research and cited by Fountain. COVID-19 not only has exacerbated hiring challenges as the number of job openings for hourly workers continues to exceed supply, the company said, but it’s also has loosened the constraints of location and therefore presented organizations and workers both with new opportunities. For one thing, employers looking for hourly remote workers can tap into larger and more geographically diverse pools of talent, although headaches remain when hiring in different regions.
Tuning the Process
Fountain Remote automates the verification and authorization process for companies that employ hourly workers, which significantly reduces time-to-hire, Fountain said. This is especially important for employers who hire high volumes of gig or temporary workers. For companies that hire for roles with specific tech requirements – such as call center representatives –Fountain Remote performs the necessary tests to ensure they receive only qualified applicants.
Recently, Fountain closed an $85 million Series C round led by SoftBank Vision Fund 2. The investment followed strong momentum during 2021, the company said, as revenue grew 220% year-over-year. With this round, Fountain has raised $119 million to date. It will use the funding to invest in continued development of its hiring platform, to grow its sales and engineering teams and its operations and presence in EMEA and APAC.
By Mark Feffer
Mark Feffer is executive editor of RecruitingDaily and the HCM Technology Report. He’s written for TechTarget, HR Magazine, SHRM, Dice Insights, TLNT.com and TalentCulture, as well as Dow Jones, Bloomberg and Staffing Industry Analysts. He likes schnauzers, sailing and Kentucky-distilled beverages.
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