Wayne, PA, Aug. 24, 2011 (GLOBE NEWSWIRE) -- Inc. magazine has SkillSurvey®, Inc. ranked 789 with 396% growth on its fifth annual list of the country’s fastest-growing private companies. SkillSurvey® is the inventor and leading provider of Web 2.0 reference-checking software for human resource professionals.
The magazine’s ranking features the most important segment of the economy - America’s entrepreneurs. Each year, the list gives trend-spotters and investors a source for information on companies that are succeeding through a variety of business models. SkillSurvey® joins Dunkin’ Donuts, Honest Tea, Spirit Airlines, and television-maker Vizio, among other prominent brands this year.
"To be included for the first time on Inc. magazine’s list of companies that are helping to fuel the economy is indeed an honor," said Ray Bixler, president and CEO of SkillSurvey®. "Our growth is rooted in two fundamental principles. First, our technology helps human resources teams at organizations across all industries make smarter and more efficient hiring decisions. Second, we must never stop improving our software and services - we’re always looking for innovations to help our customers."
In a stagnant economic environment, the median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94-percent. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14-percent from last year.
The suite of solutions from SkillSurvey® includes its Pre-Hire 360®, which gathers input from a job applicant’s references by using behaviorally-based surveys delivered over an electronic platform. The surveys delve into a candidate’s strengths and developmental needs, as borne out on the job. Confidential input from managers, peers, subordinates and business partners provides a multi-dimensional view of the candidate’s past performance. The system overcomes the usual reticence of former employers, because they are released from legal liability and their feedback is confidential.
Subscribers to SkillSurvey® are also able to access a vast pool of prospective candidates using the passive candidate database feature. The resource enables employers to automatically build a network of prospects that can be tapped as the need arises, and is comprised of references themselves who have opted-in. If an organization of average size fills 1,000 openings per year and processes five candidates for each position, it will amass a database of talent leads consisting of approximately 18,000 passive candidates.
SkillSurvey® serves a wide variety of clients, from global Fortune 500 firms like Citigroup, McDonald’s, and Kohl’s, to healthcare organizations like Brigham and Women’s Hospital, Penn Medicine, and Yale New Haven Health.
For more information, contact Scott Fuhr, director of marketing, at sfuhr@skillsurvey.com, or at 610-947-6300, ext. 1225.
About SkillSurvey®, Inc.
SkillSurvey® is the inventor of Web 2.0 reference assessment solutions that improve recruiting efficiency and increase quality-of-hire. Its online programs allow recruiters and hiring managers to collect feedback from references on a candidate’s behaviors and work performance. The information, all gathered electronically, is used to make better hiring decisions. This patent-pending approach to reference assessments is based on over 30 years of research in job competency modeling. Visit SkillSurvey®, Inc., at http://www.skillsurvey.com, and on Facebook at http://www.facebook.com/skillsurvey and on Twitter at http://www.twitter.com/skillsurvey.
Ranking Methodology
The 2011 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately-held, for-profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.
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