The war for talent is raging, creating a fertile market for existing recruitment tech companies, and a birthing ground for new ones. Ravio is one of the latter, and recently launched its compensation benchmarking platform aimed to help companies keep their offer attractive relative to competitors, filtered according to aspects like location, industry, business growth rate, and funding.
There’s far more to keep track of now, too - with the great resignation, and a persisting shortfall of tech talent, both the employment markets and compensation expectations are changing fast. Scaleups are bearing the brunt of managing these rapid fluctuations - so appetite for products such as Ravio is likely to be high.
Ravio also allows companies to dig through more granular compensation inequalities related to, for example, an applicant’s background or race. It claims to offer the most detailed diversity insights - and if this is the case, it could help slingshot Ravio to the top of the recruitment tech pile. DEI initiatives are becoming more of a business imperative now, and being able to prove evidence-based practices from the ground up would be a boon for some.
Kirsty
Company Specialist at Welcome to the Jungle