Nvoi Ltd (ASX: NVO) to Provide Contractor Hiring for Leading Financial Institution

KEY TAKEAWAYS:

• Nvoi Limited (ASX: NVO) signs up its first Brisbane-based client, a financial institution that belongs to the Top 100 companies of the ASX.
• This signals the expansion of Nvoi to the region where it is expected to provide micro-skills exchanges and analytical skills to meet the institution’s demands.
• Nvoi’s services will allow companies and employers to hire the best employees and quickly fill out vacancies without the hassle usually associated with the hiring process.

Nvoi Limited signed up an agreement with an Australian financial institution belonging to the ASX Top 100, for its contractor hiring requirements. Nvoi’s agreement with the Brisbane-based company signals the company’s expansion into the region.

The company’s agreement with the large financial institution, which was not named, will pave the way for the launching of Nvoi’s first micro-skills exchanges in Brisbane. This will focus on IT and analytical skills to help the institution’s immediate demands.

With Nvoi’s technology, the financial institution’s hiring managers will be able to efficiently search and select possible employees with the needed skills by getting access to a pool of skilled contractors whenever needed.

“The demand for contract work is growing as workers increasingly want to take control of their work experiences and enjoy some flexibility. We’re delighted that this Financial Institution has chosen Nvoi’s technology to help them leverage this changing workforce trend by offering more opportunity for contractors,” Nvoi CEO Jennifer Maritz said.

Maritz said Nvoi’s platform will make the hiring process of the financial institution more simple, enjoyable and efficient. It will make the laborious administration of staff hiring less complicated by providing an instant access to a pool of available skills in the market.

Nvoi’s open market workforce platform aims to eliminate the friction points identified with contract workforce management by directly connecting skilled professionals with potential employers. This type of service is becoming in demand today with an anticipated 1.75 billion global contingent of workers. In Australia alone, there are around 3.2 million contingent workers expected by 2020.

Nvoi’s platform is not only available 24/7, but it is also easy to use, performance-based to ensure low predictable costs. Under its platform, Nvoi becomes the employer of record, so it handles engagement between skilled professionals and the hiring managers.

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