LiveHire Ecosystem Exceeded Critical Mass Of 1 Million Talent Community Connections

LiveHire Limited (ASX: LVH) provides proactive sourcing and talent mobility solutions. The LiveHire platform helps in seamless operations of the business along with the reduced time and cost to hire. It helps delivering value through detailed visibility of talent.

The company today, on 8th May 2019, announced that the LiveHire ecosystem has exceeded the critical mass of 1 million Talent Community Connections. During the last four months, the LiveHire ecosystem grew by over 200,000 TCCs and more than 80,000 TCCs in April alone to surpass the 1 million TCC milestone, indicating the accelerating nature of the company’s ecosystem.

The expansion of the serviceable addressable market continues, with organisations from 14 of the 18 industries across currently adopting the platform in Australia. These 14 industries collectively represent more than 85% of the working population and include the eight largest industries by the total workforce, exhibiting the wide applicability and total addressable market of the unique LiveHire platform across many professions, industries, and company sizes.

The company helps organisations to shift their recruitment software and approach from the traditional operational (OX) system to an experience (EX) platform designed around a positive candidate-centred experience first, which reflects some of the best customer experiences, to create a talent community of diverse and qualified candidates that are happy to be engaged for future roles.

The LiveHire platform provides a private and secure single source of truth of data for organisations, talent and the economy, and is uniquely powered by a federated profile of the candidate across all clients, which is referred to as the Talent Community Connection.

With the adoption of LiveHire by more companies to grow their Live Talent Communities, more talent is attracted to connect with companies, which is enhancing the size and defensibility of the Talent Community Connections network and ecosystem.

LiveHire technology is scalable across entire industries globally and is an ecosystem able to penetrate large addressable markets, where legacy recruitment software’s and competitive sources of talent are typically segmented and capped in growth by client size or competition, since it is agnostic to all competitive sources of talent, including job boards, social media, search engines, etc., as well as providers of recruitment services.

The company believes there are three major issues with the legacy OX systems that result in long and costly hiring times, including the experience of applying through an ATS is long and poor, leading to most candidates with bad experience do not want to be notified about the future roles. Secondly, the candidates require a separate account/profile for every organisation they apply to, even when those organisations use the same ATS software. Data is therefore static, not live and finally, the communication is often email, with engagement rates being less than 2%, meaning they are very inefficient as a means of building databases for future hires.

On the price-performance front, at market close on 8th May 2019, the stock of LiveHire Limited was trading at $0.490, with a market capitalisation of $146.88 million. The stock has yielded a negative YTD return of 12.39% with returns of 39.44%, -13.16% and -6.60% over the past six months, three months and one-month period, respectively. Its 52-week high price stands at $0.730 and a 52-week low price at $0.30, and with an average trading volume of 359,609.


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