Articles from Skillit

Skillit, the AI-powered hiring platform transforming how construction workers are sourced, screened, and coordinated, today announced a strategic partnership with DPR Construction and Suffolk Technologies, the venture capital affiliate of Suffolk Construction. The partnership, supported by equity investments from WND Ventures, the venture capital arm of DPR, and Suffolk Technologies, marks a major milestone as leading construction firms begin investing directly in workforce infrastructure to address the industry’s ongoing skilled labor shortage.

Skillit, the data-driven recruitment platform for skilled, full-time construction labor, today announced the launch of the first cost calculator designed specifically for skilled labor recruitment. The Skillit Cost Calculator analyzes and combines information including unique respondent inputs, proprietary labor market data from its talent sourcing and intelligence platform and construction industry norms. Standardizing the cost-per-hire evaluation for construction staffing brings the clarity of a single unifying set of numbers to a construction industry fighting to combat a severe shortage of skilled labor.

Skillit, the data-driven recruiting platform for skilled, full-time construction labor, today announced it has dramatically increased the Heat Ventilation Air Conditioning (HVAC) candidate pool for specialized firms by 34 percent by identifying workers according to applicable skills versus the traditional trade label. Many workers have skills that are applicable to HVAC work even though those workers may not explicitly label themselves as HVAC workers. Leveraging Skillit’s data-rich, skills-based profiles, the company sources talented electricians, sheet metal workers, auto mechanics and more with transferable skills that meet the needs of HVAC businesses and current Skillit customers. Exposing this untapped group of professionals is providing much-needed candidates for firms across states including Florida and Ohio. In Florida, Skillit’s approach increased the number of qualified HVAC candidates by 59 percent, and nationwide across the Skillit platform the same skills-based sourcing approach produced a pool of candidates that is 2x greater.

Skillit, the data-driven recruiting platform for skilled, full-time construction labor, today announced $8.5M in additional funding co-led by MetaProp and Bow Capital with participation from existing investor Building Ventures. Since announcing its seed round in January 2023 Skillit has been adopted by top ENR contractors that are using self-perform to better control project lifecycle and long-term profitability with in-house skilled workers. Skillit taxonomizes and assesses everything from skills and experience to professional goals and preferences in order to generate data-rich worker profiles that make it easy to identify, hire and retain the best talent. This data-driven approach has already resulted in materially more interview requests, offer acceptance rates that are 1.7x the industry average and retention rates that are nearly double. This latest funding brings Skillit’s total funding to $13.6M and will be used to accelerate expansion of Skillit’s Trade-Region Pairs (TRPs) as demand grows nationwide for every trade from carpenters to electricians and heavy equipment operators to welders.

Skillit, the data-driven recruiting platform for skilled, full-time construction labor, today announced the release of its Q1 2023 Craft Intelligence Report. The company’s latest report analyzed disparities in the wages of skilled trade workers across the southern U.S., where large ENR builders are particularly active. The data show that in Q1 2023, desired pay grew by 8 percent to a mean of $31.88 / hour across all trades, handily outpacing the April 12 TTM inflation print of 5 percent. Actual pay across all trades settled at a mean of $25.44 / hour for the quarter. The Skillit Craft Intelligence Report is produced on a quarterly basis, leveraging data from its customers, skilled worker network, recruitment technology database and construction industry trends. Skillit’s proprietary worker data includes hundreds of variables from trades, skills and experience to actual vs. desired pay and travel preferences.

Skillit, the data-driven recruiting platform for skilled, full-time construction labor, today announced the findings from its first annual Craft Intelligence Report. The results reveal that continued commercial construction spending and hiring demands are amplifying the construction labor market as we head into 2023. The Skillit Craft Intelligence Report is an accumulation of insights gained from Skillit’s purpose-built recruiting platform and its proprietary Skillit Relative Demand Score.

Skillit, the recruiting platform for skilled, full-time construction labor, today announced its $5.1M seed round led by Building Ventures with participation from MetaProp, HOLT Ventures, Great North Ventures, 1Sharpe Ventures and Takeoff Capital. The platform is already in the hands of select ENR contractors including industry leader Messer Construction. It vets workers with proprietary, trade-specific assessments while collecting hundreds of data points to create the first rich, taxonomized view of skilled construction labor across the entire employee lifecycle. The result is a single platform for sourcing, skills assessment, hiring, training, evaluation and win-back that meaningfully improves workforce ROI for contractors facing record labor shortages.