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PR Newswire

Ambow Announces Pricing of $6.0 Million Registered Direct Offering

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BEIJING, Oct. 1, 2020 — Ambow Education Holding Ltd. ("Ambow" or the "Company") (NYSE American: AMBO), a leading national provider of educational and career enhancement services in China, today announced that it has entered into definitive agreements with two institutional investors for the issuance of approximately 1,507,538 ADSs (representing 3,015,076 of Class A Ordinary Shares), at a purchase price of $3.98 per ADS, in a registered direct offering. Ambow has also agreed to issue to the investors unregistered warrants to purchase up to an aggregate amount of 603,016 ADSs (representing 1,206,032 Class A ordinary shares). The offering is expected to close on or about October 2, 2020, subject to satisfaction of customary closing conditions.

FT Global Capital, Inc. is acting as the exclusive placement agent for the offering.

The warrants will have a term of three years, be exercisable immediately and have an exercise price of $4.68 per ADS. The warrants have a mandatory forced conversion feature, such that if the VWAP of the ADS trades above $9.36 for 20 consecutive days, subject to customary equity conditions, the Company can force the warrants to be exercised.

The gross proceeds from the offering are expected to be approximately $6.0 million before deducting the placement agents’ fees and other estimated offering expenses. The Company intends to use the net proceeds from the offering for working capital purposes.

The Company’s Class A ordinary shares, Warrants and the Class A ordinary shares underlying the Warrants are being offered by Ambow in a registered direct offering pursuant to a "shelf" registration statement on Form F-3 (File No. 333- 231273) previously filed with the Securities and Exchange Commission (the "SEC") on May 8, 2019 and declared effective by the SEC on May 17, 2019. The Class A ordinary shares, Warrants and Class A ordinary shares underlying the Warrants may be offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. Once filed with the SEC, copies of the prospectus supplement and accompanying prospectus relating to the registered direct offering may be obtained, when available, on the SEC’s website at http://www.sec.gov or by contacting Ambow Education Holding Ltd., 12th floor, Tower 1 Financial Street Chang’An Center, Shijingshan District, Beijing, China 100043, or via email at ir@ambow.com, or telephone at +86 10-6206-8060.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About Ambow Education Holding Ltd.

Ambow Education Holding Ltd. is a leading national provider of educational and career enhancement services in China, offering high-quality, individualized services and products. With its extensive network of regional service hubs complemented by a dynamic proprietary learning platform and distributors, Ambow provides its services and products to students in 15 out of the 34 provinces and autonomous regions within China.

Follow us on Twitter: @Ambow_Education

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the outlook and quotations from management in this announcement, as well as Ambow’s strategic and operational plans, contain forward-looking statements. Ambow may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statements, including but not limited to the following: the Company’s goals and strategies, expansion plans, the expected growth of the content and application delivery services market, the Company’s expectations regarding keeping and strengthening its relationships with its customers, and the general economic and business conditions in the regions where the Company provides its solutions and services. Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Ambow undertakes no duty to update such information, except as required under applicable law.

For investor and media inquiries please contact:

Ambow Education Holding Ltd.
Tel: +86 10-6206-8000

The Piacente Group | Investor Relations
Tel: +1 212-481-2050 or +86 10-6508-0677
Email: ambow@tpg-ir.com

 

Related Links :

https://www.ambow.com/

PR Newswire

Y Soft And Ricoh Unveil Updated Embedded Terminal Functionality For Ricoh Devices

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–YSoft SAFEQ Cloud family and YSoft SAFEQ 6 customers will enjoy an efficient and even easier user experience on Ricoh’s range of multifunction devices with Smart Operation Panel–

BRNO, Czech Republic and DALLAS, Sept. 22, 2020 — Y Soft Corporation, the leading enterprise workflow solutions provider, today announced that the updated YSoft SAFEQ 6 Embedded Terminal for Ricoh multifunction devices with Smart Operation Panel has obtained Ricoh certification for use in production environments. The updated YSoft SAFEQ Embedded Terminal for Ricoh is an Android-based software application integrated into the multifunction device (MFD). It utilizes the softkey, touch, and swipe operation capabilities of the Ricoh MFD’s Smart Operation Panel to deliver a seamless and efficient user experience.

Y Soft has provided a SAFEQ Embedded Terminal application that integrates with Ricoh MFDs for many years. This 2nd generation of the SAFEQ Embedded Terminal provides users of the latest generations of Ricoh devices with Smart Operation Panel with a trusted set of features and capabilities and an enhanced and personalized, clean design user interface.

With SAFEQ Embedded Terminal, Ricoh MFD users can leverage SAFEQ authentication for secure and convenient access control and safe and personalized access to device and application functions, confidential documents, scan, and fax destinations. SAFEQ Embedded Terminal accurately enables tracking and accounting of device usage by user and billing codes available to the user.

YSoft SAFEQ enables organizations of all sizes to manage and optimize their printing and imaging infrastructures. With secure pull-printing, cost reduction tools, productivity-enhancing document digitization workflows, and comprehensive reporting for monitoring and auditing usage and sustainability contributions, organizations can better meet their document print and digital transformation needs.

"The new YSoft SAFEQ Embedded Terminal for Ricoh, is a much requested and long-anticipated release, that allows Ricoh customers to fully appreciate, and immerse themselves into the YSoft SAFEQ experience on Ricoh MFPs," said Adam L. Lawrence, Technical ESG Solutions Manager for RICOH International BV. He went on to say, "Looking forward to seeing the further enhancements that will be added into the Embedded Terminal application in the future."

"Working with Ricoh to create a straightforward and simple to use interface is another example of our devotion to the customer experience," said Barry Löwer, Chief Sales officer for Y Soft.  "YSoft SAFEQ Embedded Terminal on Ricoh MFDs with Smart Operation Panel offers one of the best user experiences available and supports all the functions provided by YSoft SAFEQ."

YSoft SAFEQ is designed as a software platform. Today, the platform has four main product areas:  Print Management, Cloud-based Print Management and hosted infrastructure, Document Capture, and 3D Print Management.

About Y Soft

Y Soft develops intelligent Digital Transformation office solutions for enterprise, SMB, and Education that empower employees to be more productive and creative. Our YSoft SAFEQ® workflow solutions platform in the cloud and on-premises enables businesses to manage, optimize, and secure their print and digital processes and workflows. Our 3D print solutions are focused in the Education sector, where they provide unique ease of use and safety benefits while utilizing YSoft SAFEQ software for seamless 3D print management. 

Founded in 2000, the company is headquartered in Brno, Czech Republic, with offices in North and Latin America, Europe, and Middle East/Africa (EMEA) and the Asia Pacific region (APAC). For more information, please visit www.ysoft.com.  

Y Soft, YSoft SAFEQ, and YSoft SAFEQ Cloud are trademarks or registered trademarks of Y Soft Corporation a.s. in the European Union and other countries. All other names are trademarks or registered trademarks of their respective companies.

Media contacts:

Global:
Steven Knuff
Senior Manager, Global PR and Analyst Relations
steven.knuff@ysoft.com
+1 512 810-3207

Czech Republic:
Jiří Kocourek
jiri@parco.cz
+420 775 630 414

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PR Newswire

51job, Inc. Announces Formation of Special Committee to Evaluate and Consider Non-Binding Proposal or Any Alternative Strategic Option

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SHANGHAI, Sept. 21, 2020 — 51job, Inc. (Nasdaq: JOBS) ("51job" or the "Company"), a leading provider of integrated human resource services in China, announced today that its Board of Directors (the "Board") has formed a special committee (the "Special Committee") consisting of two independent directors, Mr. Li-Lan Cheng and Mr. Eric He, to evaluate and consider the previously announced preliminary non-binding acquisition proposal letter dated September 17, 2020 (the "Proposal") as well as other potential strategic alternatives that the Company may pursue. The Special Committee intends to retain advisors, including an independent financial advisor and independent legal counsel, to assist it in its evaluation.

The Board cautions the Company’s shareholders and others considering trading the Company’s securities that no decisions have been made with respect to the Proposal or any alternative strategic option that the Company may pursue. There can be no assurance that any definitive offer will be received, that any definitive agreement will be executed relating to the transaction contemplated by the Proposal or that any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to any transaction, except as required under applicable law.

About 51job

Founded in 1998, 51job is a leading provider of integrated human resource services in China. With a comprehensive suite of HR solutions, 51job meets the needs of enterprises and job seekers through the entire talent management cycle, from initial recruitment to employee retention and career development. The Company’s main online recruitment platforms (http://www.51job.com, http://www.yingjiesheng.com, http://www.51jingying.com, http://www.lagou.com, and http://www.51mdd.com), as well as mobile applications, connect millions of people with employment opportunities every day. 51job also provides a number of other value-added HR services, including business process outsourcing, training, professional assessment, campus recruitment, executive search and compensation analysis. 51job has a call center in Wuhan and a nationwide network of sales and service locations spanning more than 30 cities across China.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "targets, "confident" and similar statements. Among other things, statements that are not historical facts, including statements about 51job’s beliefs and expectations, the business outlook and quotations from management in this announcement, as well as 51job’s strategic and operational plans, are or contain forward-looking statements. 51job may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. All forward-looking statements are based upon management’s expectations at the time of the statements and involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: execution of 51job’s strategies and business plans; growth and trends of the human resource services industry in China; market acceptance of 51job’s products and services; competition in the industry; 51job’s ability to control costs and expenses; 51job’s ability to retain key personnel and attract new talent; relevant government policies and regulations relating to 51job’s industry, corporate structure and business operations; seasonality in the business; fluctuations in the value of the Renminbi against the U.S. dollar and other currencies; risks related to acquisitions or investments 51job has made or will make in the future; accounting adjustments that may occur during the quarterly or annual close or auditing process; and fluctuations in general economic and business conditions in China and globally, including the impact of the coronavirus or other pandemic. Further information regarding these and other risks are included in 51job’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release and based on assumptions that 51job believes to be reasonable as of this date, and 51job undertakes no obligation to update any forward-looking statement, except as required under applicable law.

Contact

Investor Relations, 51job, Inc.
Tel: +86-21-6879-6250
Email: ir@51job.com

Related Links :

http://www.51job.com

PR Newswire

MultiSys is among Asia’s Leading SMEs–International award-giving body ACES Awards

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MANILA, Philippines, Sept. 18, 2020 — For its leadership and accomplishments in the Information Technology sector, Multisys Technologies Corporation was recognized as among Asia’s Leading SMEs at the Asia Corporate Excellence & Sustainability (ACES) Awards 2020, organized by MORS Group.

Among Asia’s Leading SMEs. MultiSys wins at the recent Asia Corporate Excellence & Sustainability (ACES) Awards 2020. The company is considered as the Philippines’ most important and leading software solutions company that provides a wide range of cost-effective, full-scale software services, system platforms and integrations that are being used by now more than 2,500 companies and organizations.
Among Asia’s Leading SMEs. MultiSys wins at the recent Asia Corporate Excellence & Sustainability (ACES) Awards 2020. The company is considered as the Philippines’ most important and leading software solutions company that provides a wide range of cost-effective, full-scale software services, system platforms and integrations that are being used by now more than 2,500 companies and organizations.

ACES Awards is one of the biggest and most sought after accolades in Asia, which aims to identify successful visionaries and to enable as many people as possible to learn from its awardees’ success. The "Asia’s Leading SMEs" category recognizes outstanding small & medium enterprises (SMEs) in Asia with a focus on growth and resilience. The winning SMEs have a sustainable business model, strong customer base, innovative product offering, growing revenue and profits, and the flexibility to respond to rapid changes in the industry and customer demand.

Out of 420 nominees who joined this year’s ACES awards, MultiSys was chosen as a winner in the "Asia’s Leading SMEs" category, for its outstanding performance and achievements as a leading technology provider. MultiSys is considered as the Philippines’ most important software solutions company that provides a wide range of cost-effective, full-scale software services, system platforms and integrations that are being used by now more than 2,500 companies and organizations.

MultiSys CEO and founder David Almirol, Jr. said, "Winning the globally-recognized ACES Awards validates Filipino technology advancements, resilience and world-class reputation. It is a signal that our homegrown technology can expand in the global market. It would give us more influence that would help us in the pursuit of bringing the Filipino technology internationally and uplifting the levels of skills and competitiveness in the local IT community."

Behind MultiSys are almost 500-strong full time workforce who are well-taken care of and invested in. At the headquarters in MultiSys Smart Community, employees get free meals, as well as board and lodging so they can avoid the long commute. Sports facilities, backyards and gardens where they can grow their own produce, and recreation centers are at their disposal, and employee activities are organized to boost morale and strengthen team spirit.

Almirol added, "This award is a well-deserved recognition of our employees for all their hard-work, dedication, talent and skills. It will also inspire the others, from local technology startups to IT specialists, knowing they can thrive and grow without having to leave their homeland."

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PR Newswire

ASTRI and the University of Hong Kong to nurture FinTech talent of the future

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HONG KONG, Sept. 15, 2020 — The Hong Kong Applied Science and Technology Research Institute (ASTRI) has today signed a Memorandum of Understanding (MOU) with the University of Hong Kong (HKU), a commitment to nurturing the talent of tomorrow and creating the FinTech expertise of the future.

(From Left) Professor Mr S M Yiu, Dr KP Chow, Professor T W Lam and Professor Christopher Chao of The University of Hong Kong, the Commissioner of Innovation and Technology Ms Rebecca Pun, JP, and ASTRI’s CEO Mr Hugh Chow, CTO Dr Lucas Hui and COO Dr Martin Szeto at the signing of the Work-Study Scheme agreement.
(From Left) Professor Mr S M Yiu, Dr KP Chow, Professor T W Lam and Professor Christopher Chao of The University of Hong Kong, the Commissioner of Innovation and Technology Ms Rebecca Pun, JP, and ASTRI’s CEO Mr Hugh Chow, CTO Dr Lucas Hui and COO Dr Martin Szeto at the signing of the Work-Study Scheme agreement.

 

(Left) Professor Christopher Chao, Dean of Engineering of The University of Hong Kong, and Mr Hugh Chow, CEO of ASTRI, sign an agreement to launch the Work-Study Scheme, witnessed by Commissioner of Innovation and Technology Ms Rebecca Pun, JP.
(Left) Professor Christopher Chao, Dean of Engineering of The University of Hong Kong, and Mr Hugh Chow, CEO of ASTRI, sign an agreement to launch the Work-Study Scheme, witnessed by Commissioner of Innovation and Technology Ms Rebecca Pun, JP.

 

(Left) Professor Christopher Chao, Dean of Engineering of The University of Hong Kong, and Mr Hugh Chow, CEO of ASTRI, sign an agreement to launch the Work-Study Scheme, witnessed by Commissioner of Innovation and Technology Ms Rebecca Pun, JP.
(Left) Professor Christopher Chao, Dean of Engineering of The University of Hong Kong, and Mr Hugh Chow, CEO of ASTRI, sign an agreement to launch the Work-Study Scheme, witnessed by Commissioner of Innovation and Technology Ms Rebecca Pun, JP.

The agreement will see both parties develop the Technology Oriented Practitioner (TOP) programme, a Work-Study Scheme for first-year students enrolled on the MSc programme in FinTech and Data Analytics at HKU, with ASTRI providing paid full-time employment for up to 30 students for a nine-month period and assigning them to one of ASTRI’s many ongoing FinTech projects, such as a smart credit assessment that helps SMEs secure loans or an AI-driven data analytics platform that empowers more effective risk management, keeping our society safer and smarter.

The Commissioner for Innovation and Technology Rebecca Pun Ting-ting JP witnessed the signing ceremony at the University of Hong Kong.

Hugh Chow, Chief Executive Officer of ASTRI, said: "We are fully committed to building a bridge of talent between academia and the industry and we are thrilled to be offering this opportunity to future talent in Hong Kong to gain invaluable work experience at such a crucial part of their studies.

"Being a world-leader in FinTech is vital to Hong Kong’s future success and a crucial aspect of the role we will play in the Greater Bay Area, making the most of our city’s unique advantages. We are therefore thrilled to be making such an important contribution to the development of future talent," he added.

Professor Christopher Chao, Dean of HKU Engineering said: "FinTech is one of the fastest growing areas in business today. Our Department of Computer Science had recently launched a Bachelor’s degree in Financial Technology [(BASc (FinTech)] and a brand-new interdisciplinary Master’s degree in Financial Technology and Data Analytics for 2021 which aim at nurturing financial technologists and entrepreneurs with essential knowledge in both finance and technology. Through the Work-Study Scheme, our students can gain practical experience and get prepared to contribute to the development of the FinTech industry in Hong Kong and in the region."

The TOP programme is among ASTRI’s many commitments to developing talent in the I&T sector, particularly FinTech. Working with the Hong Kong Monetary Authority, ASTRI launched the FinTech Career Accelerator Scheme in 2016, aiming to cultivate the future talent necessary to sustain Hong Kong’s banking, finance and business services, as well as preserving our city’s competitiveness as an international finance hub. Students receive an internship at financial institutions or technology companies and in the past four years, more than 500 have taken part. This year, the HKMA received more than 1,400 applications, nearly twice as many as last year.

The ASTRI University Advisory Council (AUAC) has partnered with top universities in Hong Kong to harness knowledge and nurture talent through strategic collaboration with students, providing them with hands-on experience.

Earlier this month, ASTRI launched its Graduate Programme 2020, providing full-time employment to graduates and an opportunity to work closely with its award-winning researchers. ASTRI also offers a three-month blockchain accelerator programme, in partnership with the Hong Kong Science and Technology Park and Molecular Hub, as well as summer internships, which took in 42 students from 15 universities across the world in 2020.

About ASTRI

The Hong Kong Applied Science and Technology Research Institute (ASTRI) was founded by the Government of the Hong Kong Special Administrative Region in 2000 with the mission of enhancing Hong Kong’s competitiveness in technology-based industries through applied research. ASTRI’s core R&D competence in various areas is grouped under five Technology Divisions: Artificial Intelligence and Big Data Analytics; Communications; Cybersecurity, Cryptography and Trusted Technologies; Integrated Circuits and Systems; and IoT and Sensors. It is applied across five cores areas which are Smart City, Financial Technologies, Intelligent Manufacturing, Health Technologies, and Application Specific Integrated Circuits.

Over the years, ASTRI has nurtured a pool of research, I&T talents and received numerous international awards for its pioneering innovations as well as outstanding business and community contributions. To date, ASTRI has transferred more than 750 technologies to the industries and owns more than 850 patents in the Mainland, the US and other countries.

For further information, please visit www.astri.org.

About HKU Faculty of Engineering

The Faculty of Engineering is one of the founding Faculties of The University of Hong Kong established in 1912. Since its foundation, the Faculty has kept pace with developments in the engineering world and is always at the forefront of engineering research, evolving into one of the largest Faculties at the University with five departments providing undergraduate, postgraduate and research degrees in a wide range of important fields of modern engineering, technology and computer science. The Faculty aims at providing an all-round education for students, equipping graduates not only with knowledge of cutting-edge technology, but also excellent communication and social skills, an innovation mindset, a lifelong learning attitude, professional integrity and international exposure.

For more information, please visit https://engg.hku.hk.

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PR Newswire

Avature Announces Integration With WeChat Work, Boosting Its Efforts in China

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DUBLIN and NEW YORK, Sept. 9, 2020 — Avature, a leading enterprise SaaS platform for talent acquisition and talent management, has announced an integration with WeChat Work, Tencent’s enterprise-level office management platform that combines the traditional WeChat ecosystem with specific functions to manage communications within companies, improve internal stakeholder efficiency and boost business relations.

By integrating with one of the biggest tech companies in China, Avature continues to deepen its efforts and focus in the region, where it’s already serving leading clients like L’Oréal, Bayer and Shell and, WeChat Work has supported more than 220 million people during the pandemic not only making it one of the market leaders but spearheading China’s digital revolution in the workplace.

Thanks to the new partnership, Avature now offers single sign-on with WeChat Work, so users can seamlessly log into its portals directly from WeChat Work Station, without the need to enter credentials again. This way, recruiters and hiring managers can optimize their processes, save time and drive efficiency when carrying out a broad range of HR activities with ease and on-the-go.

The integration arrives amid a turning point in the region’s business landscape. Lockdown measures and social distancing protocols motivated by the pandemic have accelerated China’s digital transformation, prompting organizations to search for alternatives to optimize communications and engagement. As the country now begins to transit through its post-COVID reality, productivity apps are expected to be an intrical part of the work environment going forward.

"In addition to facilitating integrations directly requested by customers, Avature is continuously on the lookout for new integrations," Dimitri Boylan, Avature founder and CEO, explained. "These integrations will drive value and benefit users as part of our commitment to improving day-to-day life for sourcers and recruiters."

About Avature
Pioneer of CRM technology for recruiting, Avature is a highly configurable enterprise SaaS platform for talent acquisition and talent management that drives innovation in the HCM software space. Founded by Dimitri Boylan, Avature empowers the leading-edge HR strategies of over 650 enterprise-level customers in 164 countries and 32 languages. These include 110 of the Fortune 500 and 28 of the Forbes Global 100.

Avature’s solutions include shared services sourcing, applicant tracking, video interviewing, campus and events recruiting, employee referral management, social onboarding, branded employee engagement and performance management, employee mobility and contingent workforce management. Avature delivers its services from its private cloud, located in data centers in the US, Europe and Asia, and has offices in Buenos Aires, London, Madrid, Melbourne, Munich, New York, Shenzhen and Paris. Learn more at www.avature.net or follow @Avature.

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PR Newswire

Daya Dimensi Global (DDG) officially rebrands to HR Path

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JAKARTA, Indonesia, SINGAPORE and HO CHI MINH CITY, Vietnam, Sept. 7, 2020 — Daya Dimensi Global (DDG) is excited to officially announce their rebranding to HR Path, which will encompass the entire Asia Pacific region that includes HR Path offices in Indonesia, Singapore, Vietnam, Philippines, India and New Caledonia.

"The launching of HR Path rebranding is a great achievement for our business. Our three business lines are to advise, implement, and run – combined to create and support the best end-to-end HR performance solutions for our clients. Expanding through Asia Pacific, with more professional expertise and transferring worldwide knowledge, HR Path joins forces in fulfilling what customers need." said Francois Boulet, Co-Chief Executive Officer of HR Path.

 "We are excited to be officially branded as HR Path and will continue to deliver world class Human Resource transformation projects, staying true to our core values of customer first, quality solutions and end user adoption. We are looking forward to the new chapter in HR Path and further expansion in the region. We’re only just getting started."  said Casper Nel, Managing Director South East Asia, DDG

Indonesia’s Managing Director, Andi Wibisono also said, "We have acknowledged that the launching of HR Path brand is an evolution in our business and have established a stronger team, wider connections to opportunities. We have earned trust from customers around Asia Pacific as an SAP SuccessFactors partner and will continue to grow this trust now as a global leader in Human Resources and we are here to face the transformation challenge.

With the HR Path Asia Pacific rebranding, we gain more leadership, wider development, and deeper experiences that meet the best expectation and better solutions for both the HR Path team and clients.

About HR Path

HR Path, an expert and a major player in Human Resources, helps companies for whom human capital is essential in their digital transformation. Advise, Implement & Run are the 3 business lines of HR Path which contribute to the corporate HR performance. Founded in Paris (France) in 2001, its 1000 talents support more than 1,300 clients in 18 countries. To this date, its turnover is of $125 million.

More information: www.hr-path.com

Follow HR Path on LinkedIn: https://www.linkedin.com/company/hr-path

Press contact:
Fabienne Latour
Vice President, Marketing and Communication
HR Path 
Fabienne.LATOUR@hr-path.com

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PR Newswire

Adecco Group Announces Jordan Topoleski, 20, from the United States as 2020 “CEO for One Month”

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Preparing the Next Generation to Lead in Uncertain Times

Program Builds Next Gen Leaders with Focus on a "New Leadership Profile"

ZURICH, Sept. 4, 2020 —

  • Jordan Topoleski, 20, from the United States has been named as the Global CEO for One Month to work alongside Alain Dehaze, CEO, the Adecco Group
  • Adecco Group CEO for One Month program builds next generation leaders, with a focus on the new profile of leadership required in a post-pandemic world of work
  • The pandemic has demanded a new set of required leadership competencies and these expectations will accelerate the reinvention of the modern-day leader.

Jordan Topoleski, 20, from the United States was today named the Adecco Group’s 2020 Global CEO for One Month. For the first time, the program was performed fully online. The CEO for One Month program is designed to build the next generation of leaders, informed by Adecco Group research that shows the emergence of a new profile of skills and qualities needed for future leaders to succeed in an increasingly uncertain world.

 

 

Following an eight-month selection process involving more than 200,000 applications from 34 countries, Jordan was chosen to spend one month serving alongside the Adecco Group CEO, Alain Dehaze. He will contribute to the day-to-day running of the world’s leading HR solutions company and help shape the future world of work.

Beginning in February, this year’s CEO for One Month selection process adapted quickly to COVID-19 requirements and used the situation to help young people to think about what it means to lead in challenging times. The process began when 34 talented young leaders of tomorrow were chosen to shadow the Adecco Group’s respective country CEOs. Ten finalists were then chosen to take part in the ‘virtual global bootcamp’ this week, which took them through a series of assessments and exercises to test their abilities and develop their leadership potential. At the close of the bootcamp, Jordan was selected as the Global CEO for One Month.

This year’s program comes at a time when sweeping workplace changes are coming in a post-pandemic world of work – especially around the expectations of leaders and what it takes to succeed.

The command and control approach of the past is quickly shifting toward more distributed leadership models. Being a ‘high EQ leader’ is crucial, with empathy, trust and a focus on wellbeing and culture-building critical. Research from the Adecco Group shows that the pandemic has demanded a new set of leadership competencies and that these expectations will accelerate a reinvention of the modern-day leader:

  • 74% of employees want their managers to demonstrate a leadership style focussed on empathy and a supportive attitude
  • 70% of employees say that support for their mental wellbeing will be important to them after the pandemic.

A further study commissioned by the Adecco Group which assessed ‘Gen Z’ leaders of tomorrow, found that many young people already possess many of the attributes needed to succeed. The report found that in many areas, including deductive reasoning and how world views are processed and applied to a strategic problem, the ‘Gen Z’ group showed stronger leadership traits than many current business leaders.

Commenting on today’s announcement, Adecco Group CEO, Alain Dehaze, said:

"It gives me great pleasure to welcome Jordan to the Adecco Group and I am looking forward to working alongside him and learning from his insights on the future of work and leadership. This year’s CEO for One Month announcement comes at a pivotal time, with the world of work likely to never return to the "normal" we knew before the pandemic. In particular, the sudden and dramatic change in the workplace landscape has accelerated the demand for a new leadership profile. Modern day leaders will need to reinvent themselves with a focus on emotional intelligence, and soft skills development will be critical. Now in its tenth year, the CEO for One Month program is an excellent opportunity to identify, develop, and learn from, the leaders of tomorrow, as they prepare to lead in an uncertain future."

The Global CEO for One Month 2020, Jordan Topoleski said:

"I am beyond happy to be the next CEO for One Month, especially in a company that is at the forefront of the current shifts taking place across the world of work. It is a historic and deeply challenging time to be a leader and I really look forward to further honing my own skills and helping shape the future of work."

About CEO for One Month
The ‘CEO for One Month’ program began as a local initiative in Norway in 2011 and went global in 2014, since growing to become a flagship initiative for the Adecco Group. It supports high potential young people increase their employability and career prospects through highly effective work-based learning. It operates under the Adecco Group Foundation which aims to improve work readiness of young people and other underserved populations. Applications for the 2020 programme exceeded 200,000.

Website: www.ceofor1month.com

Facebook: https://www.facebook.com/ceofor1month

Twitter: https://twitter.com/CEOfor1Month

Instagram: https://www.instagram.com/ceofor1month/

About the Adecco Group
The Adecco Group is the world’s leading HR solutions company. We believe in making the future work for everyone, and every day enable more than 3.5 million careers. We skill, develop, and hire talent in 60 countries, enabling organisations to embrace the future of work. As a Fortune Global 500 company, we lead by example, creating shared value that fuels economies and builds better societies. Our culture of inclusivity, entrepreneurship and teamwork empowers our 35,000 employees. We are proud to have been consistently ranked one of the ‘World’s Best Workplaces’ by Great Place to Work®.

The Adecco Group AG is headquartered in Zurich, Switzerland (ISIN: CH0012138605) and listed on the SIX Swiss Exchange (ADEN) and powered by nine global brands: Adecco, Adia, Badenoch + Clark, General Assembly, Lee Hecht Harrison, Modis, Pontoon, Spring Professional and Vettery.

For further information please contact:

The Adecco Group Press Office: media@adeccogroup.com or +41 (0) 44 878 87 87
Website: www.adeccogroup.com
Facebook: https://www.facebook.com/theadeccogroup
Twitter: @AdeccoGroup

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PR Newswire

CognitIOn by Modern Hire Launches to Highlight Need for Ethical, Transparent Hiring Approach

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CognitIOn by Modern Hire and its latest innovation, Automated Interview Scoring, empower enterprises to use cutting-edge science to make more predictive, engaging and fair hiring decisions

CLEVELAND and DELAFIELD, Wisconsin, Sept. 2, 2020 — Modern Hire, the all-in-one enterprise hiring platform that enables organizations to continuously improve hiring experiences and outcomes with trusted science and technology, today unveiled CognitIOn by Modern Hire.

CognitIOn by Modern Hire is the company’s industry-leading science, represented by its capabilities and expertise in data science, predictive analytics, artificial intelligence and industrial-organizational (I/O) psychology. It is also built on Modern Hire’s deep experience with HR and hiring process, legal know-how and candidate focus, representing the deepest and broadest talent intelligence available to hire the most diverse, engaged and qualified workforce.

"Our team of Ph.D. data scientists and industrial-organizational psychologists are the best in their field and absolutely integral in everything Modern Hire does," said Mike Hudy, Ph.D. and Chief Science Officer at Modern Hire. "The rigorous and ongoing science powered by CognitIOn by Modern Hire enables our clients to make more personalized, data-driven hiring decisions and provide a superior candidate experience. This launch reaffirms our commitment to driving research and innovation in our field while delivering practical new ways of measuring and understanding human performance in the workplace."

CognitIOn by Modern Hire is powered by tens of millions of annual candidate interactions, practical application of advanced AI techniques, and nearly two decades of diligent, data-driven client research and practice by the company’s 40+ Ph.D. industrial-organizational and data scientists. By combining comprehensive expertise in I/O psychology, talent selection science, diversity and fairness, candidate experience, the practical application of ethical AI, data science, advanced analytics, and employment law, CognitIOn by Modern Hire empowers its enterprise clients – including 47 of the Fortune 100 – to make more transparent, predictive, engaging and fair hiring decisions.

CognitIOn by Modern Hire is embedded in all of the company’s products and innovations, including its Automated Interview Scoring (AIS), an on-demand video interview feature that uses AI to evaluate candidate responses and provide recruiters and hiring managers with recommended scores to ensure a more fair, unbiased and complete hiring experience. AIS is currently available to existing clients as part of an Early Access Program and will go to general release later this year.

AIS uses proven science, natural language processing (NLP) and deep learning to reliably replicate the judgment of professionally trained experts. While most models of this type are deployed with a 60% reliability factor compared to humans, Modern Hire presented scientific study results showing that AIS received a reliability score of 89% at a recent Society of Industrial-Organizational Psychology event – proving that AIS arms interviewers with a tool that enables more consistent, accurate, efficient and fair hiring decisions.

"Interviewing is a traditionally subjective and biased process. Through no fault of their own, interviewers incorporate factors not related to the job into their evaluation of candidates," said Eric Sydell, Ph.D. and EVP of Innovation at Modern Hire. "AIS removes the subjective, biased nature of the interviewing process by focusing only on the job-relevant aspects of candidates’ responses and evaluating every candidate on the exact same criteria. This creates a more transparent, ethical and consistent hiring process, while still enabling the interviewer – not the AI – to make the final decision."

CognitIOn has been leveraged by Walmart, Amazon, CVS Health and Bank of America to win four of the last five prestigious Human Resource Impact Awards from SIOP and SHRM. These awards recognize each organization’s hiring solution for saving millions of dollars annually in reduced turnover, saving decades of hiring manager time in increased efficiency, supporting extremely high-volume hiring, and delivering an innovative and engaging candidate experience.

To learn more about CognitIOn by Modern Hire, please click here.

About Modern Hire
Modern Hire is the all-in-one enterprise hiring platform that enables organizations to continuously improve hiring results through more personalized, data-driven experiences for candidates, recruiters, and hiring managers. The Modern Hire platform merges trusted science with proven SaaS technology to predict performance, ensure fairness, and automate workflow – enterprise-wide. It combines AI, predictive analytics, workflow automation, assessment, and interviewing technology in a single SaaS solution that integrates with leading HCM systems. Trusted by 47 of the Fortune 100, Modern Hire transforms each step of the hiring process, from post-apply to hire and beyond. To learn more about Modern Hire’s vision for making hiring personal, visit here.

Contact
Allison Zullo
Walker Sands, for Modern Hire
ModernHire@walkersands.com
312-241-1474

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https://modernhire.com

PR Newswire

ASTRI welcomes Graduate Programme 2020 participants, giving talented students a unique opportunity to launch career in an R&D environment

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HONG KONG, Sept. 1, 2020 — The Hong Kong Applied Science and Technology Research Institute (ASTRI) welcomes our new recruits for the Graduate Programme 2020, a unique opportunity for university graduates to launch their careers in a research and development environment, in particular one with a mission to deliver impactful solution to our industry and our society.

ASTRI Chairman Ir Sunny Lee Wai-kwong says: "Creating a bridge of talent is vital to a vibrant innovation and technology (I&T) ecosystem and, through its collaboration with various stakeholders in society, ASTRI has proven its commitment to nurturing the great young minds of applied research of the future."

Hugh Chow, Chief Executive Officer of ASTRI, adds: "We are delighted to welcome our new recruits and believe the perseverance and application they have already shown in their studies will help us to continue our mission to bring lasting impact to society through award-winning technology."

The Graduate Programme 2020 has given one-time, two-year full-time job positions to students leaving universities and higher education institutes in Hong Kong in 2020. They will support our award-winning scientists working on cutting-edge innovations in a multicultural environment with more than 500 talented R&D engineers and specialists.

The programme is among ASTRI’s many commitments to developing talent in the I&T sector. Working with the Hong Kong Monetary Authority, we launched the FinTech Career Accelerator Scheme in 2016, aiming to cultivate the future talent necessary to sustain Hong Kong’s banking, finance and business services, as well as preserving our city’s competitiveness as an international finance hub. Students receive an internship at financial institutions or technology companies and in the past four years, more than 500 have taken part. This year, the HKMA received more than 1,400 applications, nearly twice as many as last year.

ASTRI also offers a three-month blockchain accelerator programme, in partnership with the Hong Kong Science and Technology Park and Molecular Hub, as well as summer internships, which took in 42 students at universities across the world in 2020.

About ASTRI

The Hong Kong Applied Science and Technology Research Institute (ASTRI) was founded by the Government of the Hong Kong Special Administrative Region in 2000 with the mission of enhancing Hong Kong’s competitiveness in technology-based industries through applied research. ASTRI’s core R&D competence in various areas is grouped under five Technology Divisions, namely Artificial Intelligence and Big Data Analytics, Communications, Cybersecurity, Cryptography and Trusted Technologies, Integrated Circuits and Systems, and IoT and Sensors. Five areas of applications including Smart City, Financial Technologies, Intelligent Manufacturing, Health Technologies, and Application Specific Integrated Circuits.

Over the years, ASTRI has nurtured a pool of research, I&T talents and received numerous international awards for its pioneering innovations as well as outstanding business and community contributions. To date, ASTRI has transferred more than 750 technologies to the industries and owns nearly 850 patents in the Mainland, the US and other countries.

For further information, please visit www.astri.org.

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