Elevated Careers to help reduce estimated $11 Billion per year
loss due to regrettable employee turnover, setting a new standard in
recruiting for job seekers, companies
LOS ANGELES–(BUSINESS WIRE)–eHarmony today announced the launch of its Elevated Careers platform,
aimed at bringing deeper levels of compatibility between job seekers and
companies to address a broken recruitment model that costs U.S.
businesses an estimated $11 billion per year in regrettable turnover
costs1. Elevated Careers has taken proven data science that
is responsible for 438 marriages per day on eHarmony, and brought it to
a new platform, developing a predictive process to match job seekers
with prospective employers.
eHarmony’s research-based matching process, pioneered by founder and
CEO, Dr. Neil Clark Warren, has driven a dramatic reduction in the
divorce rate for marriages that begin on its site down to 3.86 percent,
according to peer-reviewed research published in the Proceedings of
the National Academy of Sciences Journal in 2013. Based on the
scientific principles that have powered eHarmony, Elevated Careers
matches job seekers with career opportunities based on multiple layers
of compatibility to more accurately place the right candidate in the
right job at the right company.
“With the development and launch of Elevated Careers, eHarmony has
become the world’s first relationship company, with unique expertise in
creating compatible matches,” said Dr. Warren. “70 percent of workers
report dissatisfaction in their current job, and we are now poised to
make a positive impact on this important relationship allowing people to
love not only what they do, but where they do it.”
How it Works
Led by Dr. Steve Carter, eHarmony’s team of data scientists developed
Elevated Careers’ compatibility matching system based on assessments of
workers’ personalities and values, and companies’ cultures. These
algorithms use a total of 24 value, culture, and personality factors,
scientifically matched, positively impacting worker satisfaction and
Elevated Careers matches job seekers with jobs based on three types of
Skills: the degree to which a job seekers’ skills and
background fit a specific job using the Elevated Careers “Skills Fit”
algorithm leveraging data from millions of resumes and career
transitions that help predict how likely a professional is to be hired
for a position based on work history.
Culture: a measurement of 16 key factors delineating how an
individual’s core work values fit within a company’s culture, which
has proven crucial in predicting an employee’s overall job
satisfaction and engagement.
Personality: examining interpersonal work relationships
specific to the compatibility between an employee and a hiring
manager, drawing on eight factors taken from both the eHarmony
relationship matching system along with factors uniquely related to
the workplace environment.
eHarmony has leveraged key strategic partnerships to develop Elevated
Careers, including Simply Hired with its best-in-class technology,
helping provide jobseekers with approximately 2.5 million jobs per day,
while Burning Glass was tapped to power Skill Compatibility
estimates. Finally, eHarmony leveraged its partnership with InfoSys to
bring Elevated Career’s technology to prototype in less than 24 months.
For more about Elevated Careers, visit www.elevatedcareers.com.
About eHarmony, Inc.
Los Angeles, California-based eHarmony,
was founded in 2000 and is a pioneer in using relationship science to
create highly compatible relationships based on key dimensions of
personality that are scientifically proven to predict the most
compatible, highly successful, long-term relationships. On average, 438
people marry every day in the U.S. as a result of eHarmony, nearly 5% of
new marriages.* eHarmony operates online services in the United States,
Canada, the United Kingdom, Singapore and Australia.
*2009 survey conducted for eHarmony by Harris Interactive®
2 According to data published by Virgin Pulse’s
Labor of Love Survey
Coltrin & Associates
Jennifer Webb, 212-221-1616