Fourth makes high-Octane acquisition
The UK’s leading hospitality operations platform Fourth, has acquired digital people solutions company Octane, to help its customers save time and money spent on recruitment and onboarding.
The collaboration will completely digitise the entire people and talent management process, while ensuring Right-to-Work compliance and a fully branded experience for applicants to immerse them in the company culture from day one.
This deal will bring together the leading digital experts in the recruitment field, alongside Fourth’s workforce management gurus, to help the industry tackle the challenge of finding and recruiting quality talent quickly and efficiently.
The streamlined platform automates lengthy manual employment processes, such as communicating with prospective candidates, sharing notes from interviews, filtering the best candidates and arranging interviews. It also ensures all required documentation is present and correct, and managers complete all steps required by following a customisable approval workflow.
This addition extends the Fourth platform to provide complete management of the employee lifecycle – from recruitment, onboarding, HR and scheduling, to employee engagement and payroll. Importantly, it also streamlines the job application experience for candidates, ensuring that the whole process is easy and totally on-brand.
Ben Hood, CEO, Fourth said: “Identifying and attracting quality talent is one of the biggest challenges our industry faces and we’re confident this extension of our tried and trusted platform will absolutely support our customers with this.
“Hiring quickly and hiring well is a finely tuned balancing act, particularly in an industry with a high churn rate of employees and increased regulatory pressures. This new streamlined system will provide complete end-to-end management and transparency of the recruitment process, saving businesses vital time and money.”
The platform will be fully branded for Fourth customers, allowing hopeful candidates a seamless integration into the brand’s values from the outset. In keeping with new GDPR regulation, all data, such as photographs of documents and addresses, will be securely held remotely, rather than on manager phones – significantly reducing timely processes and the risk of large fines.
Nick Meads, CEO, Octane, said: “We’re very excited to be joining the Fourth family to help the industry tackle the recruitment and employment challenge it faces. Extenuating circumstances, such as Brexit, are exacerbating this issue and businesses need a streamlined system to help integrate the employment journey from applicant to employee.”
All candidate data is owned and securely held by the customer and is inaccessible to competitors. Access to the system is gained via a single sign on identification process, removing the need for multiple passwords.