The 4th Pillar is out to solve Europe’s (and the world’s) workforce-related issues by upgrading the human resources industry — but how big can the company become? Let’s examine the market and analyze the project’s growth expectation.
The State of the HR Industry Today
Currently, there is a significant lack of workforce in Europe. It is becoming increasingly more difficult to find the right (let alone qualified) candidate with each passing year, and the costs associated with employee acquisition are skyrocketing — thanks to the need for extensive background checks and verification of a candidate’s past work history. Additionally, it is difficult to define incentive schemes for employees to change jobs, and it’s virtually impossible to verify work history when looking for candidates in other countries.
Because of this, 38 percent of companies are currently considering digitizing their HR operations. However, the vast majority of these companies lack the technological solution to make their goals a reality — let alone one which is affordable.
The 4th Pillar’s Solution
The 4th Pillar aims to solve these issues by providing a decentralized model which will dramatically disrupt the workforce …
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