NEW YORK, USA (September 9th, 2014) – Fuel50, technologies for HR and career pathing software solution, has achieved a coveted spot at the leading HR Technology Conference in Las Vegas in October, being listed as one of five companies worldwide to have developed the most innovative software solutions set to revolutionize the HR industry this year.
Fuel50 was selected from 113 companies globally for its career path software solution, CareerDrive. The technology can be tailored to any organization, delivering a unique career experience for each employee, from entry level through to management, with unlimited combinations for targeting demographics within each tier.
“HR Technology Conference Co-Chair Steve Boese said, “Fuel50 has developed an innovative and engaging solution that addresses one of the most challenging problems facing organizations and employees – ongoing career planning and development. Fuel50 adds value to organizational and HR leaders, as well as every individual employee using the system, and that can’t be said about many HR solutions today.”
Fuel50 Co-founder and Chief Executive Anne Fulton, says the win is not just important for Fuel50, but for the U.S.$14 Billion Human Capital Technology industry (Forbes 2013) as it shows HR Technology can no longer afford to be just about process-automation.
Anne Fulton says Fuel50 intends to be the “best-in-class” in career path management solution. “To be selected as one of the most innovative and exciting HR technology providers in the world solidifies our belief that this technology is the future of HR.”
She continued, “Technologies for HR now need to enable transformational career experiences within companies to have a direct impact on staff retention and engagement. We know through our global research and client discussions that career development is the top driver of employee engagement and retention. Fuel50 allows talent to be leveraged within businesses in a way that is unique to each employee.
Fuel50 is impacting career pathways for hundreds of thousands of enterprise employees across the globe, with a presence in 22 countries in three languages. More than 70% of Fuel50’s clients use the programme to support Leadership Development within companies, and a further 65% use Fuel50™ to support staff engagement and talent initiatives.
‘Career Pathing’ is a major part of the next-wave of Talent Management technologies, as predicted by industry analyst Josh Bersin, CEO of Bersin by Deloitte in 2013. Anne Fulton comments, “We are now witnessing the emergence of “talent actualization” technologies for HR that are delivering a significant business impact and Fuel50 is at the forefront of this wave.”