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    NWO   DE000NWRK013

NEW WORK SE

(NWO)
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255.5 EUR   +1.39%
05/20NEW WORK SE : Ex-dividend day for final dividend
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05/19NEW WORK SE : Annual General Meeting agrees to pay dividend of EUR 2.59 per share
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Xing : Find new hires the easy way – XING E-Recruiting rolls out XING TalentService for recruiters

10/12/2020 | 09:49am EDT
  • XING TalentService helps recruiters find and contact matching candidates
  • Instant application and employer profile now optimised for mobile usage

Hamburg, 12 October 2020 - The arrival of the coronavirus pandemic led to a positive 'digitalisation shock' in the business world. The ripples of this effect have also reached HR departments which now rely heavily on digital processes to reduce their time to hire and beat the competition to the best candidates. To cater to this need, XING E-Recruiting is rolling out the XING TalentService this October. This new service automates and speeds up part of the active recruiting process for companies by applying a transparent and data-driven approach. The XING TalentService is aimed at companies without the recruiting resources available for such activities, and businesses simply looking for some additional support with their active recruiting work. XING E-Recruiting is launching this new product to the general public at the Zukunft Personal Europe Virtual trade fair from 12 to 16 October.

XING TalentService helps recruiters find and contact matching candidates

Thanks to the XING TalentService, companies of all sizes and resources can now enjoy all of the benefits of approaching candidates directly, but without having to bind valuable resources and without any previous experience with XING products. This is how the service works: first, the customer supplies the requirements for the vacancy. Next, the XING TalentService consultants draw upon extensive XING data and technologies to draw up a longlist. Then, they contact potential candidates to find out whether they are interested in the vacancy. The customer can monitor the consultants' progress at all time in their dashboard. A short time later, the customer will receive a shortlist of up to seven candidates, including information such as their qualifications, salary expectations, and cultural fit. The customer can then take over again and include the candidates they like in their regular application process.

By rolling out this new service, XING E-Recruiting is easing the burden on companies looking to outsource parts of their hiring process to seasoned experts. 'The XING TalentService is our way of helping recruiters take a huge leap forwards in terms of digitalisation, in turn making them more competitive in the hunt for great talents', said David Vitrano, Managing Director at XING E-Recruiting. The XING TalentService is partially automated and partially managed by consultants, allowing customers to focus more on people rather than processes.

Instant application and employer profile now optimised for mobile usage

The XING JobManager has a number of optimisations in store for job applicants. Today, 25 per cent of job applications are launched online. However, applicants often don't have access to all the necessary documents on their mobile device, and the process ends up being so drawn out that 90 per cent of applications are aborted. The new instant application feature in the XING JobManager allows applicants to apply for vacancies swiftly and simply from the comfort of their smartphone.

'The coronavirus pandemic is driving digitalisation, and companies should take advantage of this momentum to make sure they don't get left behind on the labour market. This challenge calls for a simplified candidate journey to boost the number of applications a company receives', Vitrano added. Ease of use and professional employer branding are now integral to the new employer profiles which were developed specifically for iOS and Android and deliver a modular structure that companies can tailor to their needs within a mobile environment. On top of that, employer review platform kununu has simplified its integrated employer insights where information about the corporate culture, ratings and salaries is available at a glance, while also offering companies the option of showcasing their employer brand in their employer profile.

For more information about products, along with useful advice and discussions with renowned HR recruiters, visit NEW WORK SE's HR-focussed version of NWXnow (in German) between 12 and 16 October: www.xing.com/xing-live.

About NEW WORK SE

The NEW WORK SE Group builds upon the XING SE success story by offering brands, products and services that foster a more fulfilling world of work. Founded by Lars Hinrichs as the OpenBC professional network, the company was renamed XING in 2006. In 2019, the company was renamed again to New Work SE as a reflection of its commitment to a better working world and to bring all of its business activities under the umbrella of New Work. The company has been listed on the stock exchange since 2006. NEW WORK SE is a central leadership and management holding, serving as a service department for its subsidiaries. The Group is headquartered in Hamburg and currently employs 1,900 people at offices including Munich, Vienna and Porto. Visit https://new-work.se and https://nwx.new-work.se/ for more information.

Disclaimer

New Work SE published this content on 12 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 October 2020 13:49:00 UTC


© Publicnow 2020
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Financials
Sales 2021 284 M 344 M 344 M
Net income 2021 36,2 M 43,9 M 43,9 M
Net cash 2021 36,6 M 44,4 M 44,4 M
P/E ratio 2021 39,1x
Yield 2021 1,10%
Capitalization 1 416 M 1 713 M 1 716 M
EV / Sales 2021 4,86x
EV / Sales 2022 4,26x
Nbr of Employees 1 698
Free-Float 46,7%
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Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 267,00 €
Last Close Price 252,00 €
Spread / Highest target 29,0%
Spread / Average Target 5,95%
Spread / Lowest Target -7,14%
EPS Revisions
Managers and Directors
NameTitle
Petra von Strombeck Chief Executive Officer
Ingo Franklin Chu Chief Financial Officer
Martin Weiss Chairman-Supervisory Board
Jens Pape Chief Technology Officer
Johannes Meier Deputy Chairman-Supervisory Board
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