Arctic Shores - innovating the hiring process to benefit employers and candidates alike

by Startacus Admin

The lowdown on Manchester-based Arctic Shores and its innovative recruitment solution to help candidate potential count as much as skills and experience.

We have probably all been in the position at some point where we were interested in a job, but that job required experience we didn’t have. We can’t get that experience because every job of that type requires experience. This results in us not being able to get the job we want, and in the employer losing out on a potentially great employee just because they don’t have experience that, in a lot of cases, isn’t truly necessary. Part of the reason for asking for experience is that you want the candidate to have a proven track record, so that it isn’t so much of a risk, but with people retiring, a lack of candidate with specific skills required, and increasingly more jobs available that don’t require experience, it might be time to look at recruitment differently.

Manchester-based startup Arctic Shores is addressing this need for a change in recruitment tactics with its platform to assess candidates for potential rather than experience. In this way, employers can ensure that they don’t miss out on someone great, and can train new employees in the skills they’ll need, confident that the time and money won’t go to waste. The startup says that CVs are simply no longer fit for purpose, and the recruitment process has to change along with the times, ultimately improving things for both employer and potential employee.

By using science- and data-based assessments, employers can cast a wider net to find their ideal candidates, and the startup says that their behavioural assessment solution is proven to reduce the barriers to entry for talent, and saves time and money. To take just one of their partners, Axa, as an example, using Arctic Shores has saved them £2.5 million in employee turnover and costs associated with absent employees, and has reduced that first-year employee turnover by 18%.

In January, Arctic Shores announced that they had raised £5.75 million in funding in a Series B round led by Praetura Ventures, London-based private equity firm Calculus Capital and existing shareholder Beringea. This funding will allow the startup to accelerate development of their platform.

 

 

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Published on: 14th March 2023