Tempo, the innovative video AI recruitment platform, has revolutionised the hiring landscape, securing £1 million in investment from Hambro Perks. This funding is poised to accelerate Tempo’s growth and technological advancement in London, transforming recruitment strategies.
Tempo, launched in May 2017 by Ben Chatfield and Ollie Povey, integrates video technology with artificial intelligence to streamline the recruitment process. Traditionally arduous recruitment methods are now replaced, enabling companies to rapidly hire quality candidates with cost efficiency. This platform negates the need for conventional phone screenings and interviews, offering job placements directly within the system.
Tempo is leading a digital transformation within an industry valued at £35 billion in the UK alone. Traditional agencies have failed to adapt to the tech-savvy nature of modern candidates and employers. By contrast, Tempo’s disruptive model attracts those seeking a more engaging hiring experience.
Employers spend an average of two and a half minutes analysing a Tempo profile, a stark contrast to the mere six seconds on a typical CV. This highlights the enhanced candidate showcasing ability provided by Tempo’s platform.
Tempo’s collaboration with Pitman Training offers significant advantages. This partnership brings 40,000 yearly graduates to the platform, expanding the talent pool substantially.
Pitman Training’s reputation for excellence complements Tempo’s innovative ethos, empowering a new generation of professionals to enter the job market efficiently.
Tempo’s fastest job placement was remarkably achieved in just 27 minutes, illustrating the platform’s efficacy in expediting recruitment processes.
Hambro Perks’ investment is a strategic move to bolster Tempo’s expansion and technological development. As a company builder focusing on disruptive businesses, Hambro Perks’ backing is a testament to Tempo’s potential to evolve continuously.
Kate Burns, CEO of MediaTech at Hambro Perks, expressed her enthusiasm, stating, “Tempo is reinventing the world of recruitment. I am thrilled to be part of the Tempo team and to see the company grow from strength to strength.”
Tempo’s fee structure is notably 70% lower than traditional recruitment agencies, with no upfront costs, making it an appealing option for budget-conscious businesses.
The reduced costs do not compromise service quality, ensuring that employers and candidates receive exceptional value for money.
This model is integral to Tempo’s mission, driving forward-thinking companies to reconsider their hiring strategies.
The demand for tech-enabled recruitment is escalating as more companies recognise its benefits. Tempo is at the forefront, delivering a competitive edge through superior service. The platform’s user-friendly interface caters to modern recruitment needs.
Tempo’s success is indicative of a broader trend towards digital recruitment solutions, reshaping how employers and candidates connect.
Although Tempo has made significant strides, challenges remain in enhancing platform features and expanding market presence. Continuous innovation is essential in maintaining Tempo’s leadership in the digital recruitment sphere.
Tempo is redefining recruitment through innovative technology and strategic investment. Its ability to deliver efficient, cost-effective solutions positions it as a leader in the evolving recruitment landscape. As Tempo continues to grow, it exemplifies the potential of digital transformation in meeting modern hiring expectations.