A new report by Vodafone and Accenture on mobile tech and labor markets has cited Souktel as “an innovative example of [job-finding technology] in action”–something that will change the face of developing-world labor markets in the next five to ten years.
Hailing the service’s “simple, easy to use” format, the report predicts that mobile job-find models like Souktel’s have the potential to reach 49 million subscribers and improve livelihoods by over $5.6 billion US dollars by 2020. Beyond providing a lower-cost, faster option for workers in emerging markets to find employment, this type of service can also help employers screen for talent–and hone in on ideal candidates from a wider pool of applicants. “Finding candidates who meet our skill set requirements can be a challenge,” explains Erin Ferguson Ormond of G4S, a global security firm with over 620,000 employees, many of them in Africa. “A simple screening process to find the best people would save time and money,” she notes in the report.
For Souktel, seeing its model named as one of six leading solutions for Asian and African labor markets is a key milestone. “We’re honored to be profiled as a best practice in this report,” says CEO Jacob Korenblum. “We see it as important validation of the work we’ve been doing in this sector over the past seven years. The forecast that services such as JobMatch are key growth drivers for the jobs sector is very encouraging, and we look forward to helping achieve that growth.”