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Why real companies post fake jobs - THIS is really behind it

08/30/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In today's digital era, where jobs are fiercely contested and competition in the job market is ever-increasing, many job seekers are struggling with a disturbing trend: real companies posting what appear to be fake jobs. These are job openings that look appealing, but in reality do not exist or have already been filled internally. Such a practice may seem ethically questionable at first glance, but there are a few reasons why companies resort to it. In this article, we'll take a look behind the scenes and find out what's really behind it.

Building talent pools:

One of the main motivations for real companies to post fake jobs is to build a qualified talent pool. By collecting applications for non-existent jobs, they can identify potential candidates and store them in their database. Later, when a suitable position becomes available, they can immediately access this pre-qualified pool and speed up the recruiting process.

Image building and market research:

Posting job ads, even if there are no immediate plans to hire, can serve to strengthen the company's image as an attractive employer. Additionally, they gain insight into the labor market, demand for specific skills, and competition in the industry.

Covert investigations:

In some cases, fake job ads can also be used by real companies to spy on employees or competitors. For example, by mentioning specific skills or technologies in the ad, they can check if their competitors are looking for similar skills or if internal information is leaked.

Budgets and compliance:

Sometimes companies need to spend their HR management budgets to avoid cutting their funding for the next year. By posting job ads and interviewing candidates, they can justify their budgets and may receive increased funding in the future. In addition, some companies must meet certain regulatory requirements and receive a minimum number of applications for certain positions.

Flexibility and planning ahead:

The world of work is dynamic and ever-changing. Companies can maintain flexible workforce planning by advertising fake jobs. This allows them to respond quickly to unexpected staffing needs without losing valuable time on job postings.

Although the practice of posting fake jobs is considered unethical by some, real companies may actually have legitimate reasons for doing so. It is important to emphasize that companies should not deceive or mislead their applicants. Communication should be transparent, and applicants should be notified early on if the job is no longer available.

For job seekers, it remains advisable to be vigilant when applying for a job. Research companies in advance, check their online presence, and use personal networks to learn about potential employers. That way, you can focus your time and effort on seizing real job opportunities and advancing your career.

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CRM software in 2023: Focus on revenue strength and vendor landscape

08/28/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In 2023, Customer Relationship Management (CRM) plays a prominent role in the business world. Advancing digitalization has increased the importance of effective customer management, and CRM software has established itself as an indispensable tool. In this article, we take a look at the sales figures and vendor landscape in the CRM software sector.

Market Overview: Revenue growth and trends

The CRM software market is witnessing steady growth in 2023 as companies worldwide increasingly rely on these solutions to optimize their customer relationships. According to data from market research firm Gartner, global CRM software revenue was approximately $48.2 billion in 2020. This trend is set to continue, with revenues expected to exceed $80 billion by 2025.

Some of the defining trends in 2023 include:

Customer centricity: companies are increasingly focusing on the needs and wants of their customers. CRM software makes it possible to centrally manage customer information and design personalized interactions.

Customer centricity.

Artificial intelligence and automation: integrating AI and automation into CRM software improves efficiency in data collection, analysis, and customer communication. Predictive analytics is used to predict customer behavior and provide personalized recommendations.

Multi-channel communication: Customer interactions today take place across multiple channels. CRM software enables seamless integration of communications across email, social media, live chats, and more.

Vendor landscape: diversity and competition

Vendors of CRM software are diverse, offering solutions for companies of many different sizes and industries. Both established players and emerging companies contribute to the diversity of the vendor landscape.

Leading CRM software vendors in 2023 are:

Salesforce: One of the pioneers in the CRM space, Salesforce offers a wide range of solutions, from sales to marketing to customer service.

Microsoft Dynamics 365: Microsoft's suite offers comprehensive CRM capabilities and seamless integration with other Microsoft products.

HubSpot: Known for its user-friendly platform, HubSpot covers sales, marketing and customer service.

Zoho CRM: Zoho offers an affordable, feature-rich solution that caters to both small and large businesses.

Oracle CRM: Oracle offers scalable CRM solutions for companies of all sizes with a focus on artificial intelligence and data analytics.

The vendor landscape in CRM software is characterized by competition and innovation. Companies have the ability to choose from a wide range of solutions that meet their unique needs.

The CRM software market in 2023 continues to grow, reflecting the growing importance of customer relationship management in today's business environment. The diversity of vendors and the integration of advanced technologies such as AI and automation underscore the transformation of this critical industry.

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No press article without a press photo - The importance of pictures in the news

08/24/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The changing media landscape

The media landscape has changed a lot over the years, and yet one constant remains: images remain an indispensable part of news articles. In an era where information travels in seconds and readers' attention spans are shrinking, images have become a powerful tool to convey messages, evoke emotion and tell stories.

The power of images

A picture often says more than a thousand words. This ancient wisdom reflects how powerful visual stimuli affect our brain. Images have the ability to quickly convey information and create a connection with readers. A powerful image can capture a reader's attention long before they actually read the article. It can evoke emotion, arouse sympathy or outrage, and make a story unforgettable.

First impressions count

In today's digital world, news is often shared on social media platforms and news aggregators, where competition for limited user attention is fierce. This is where the importance of images comes into play. A meaningful thumbnail can mean the difference between clicking and ignoring an article. It conveys the essence of the story and creates curiosity.

Credibility and authenticity

Press photos are not just there to attract attention. They also add credibility and authenticity to an article. A well-chosen image can support the facts in the text and give the reader a sense that the story is solid. Photographs of events or people being reported anchor the reality of the story and make it come alive.

The responsibility of the media

With great power comes great responsibility. Media must think carefully about which images to choose and how to present them. An image chosen incorrectly or taken out of context can distort a story and lead to misunderstandings. The selection of press photos should be ethical and respectful to maintain the integrity of journalism.

The balance between aesthetics and information

While images undoubtedly play an important role in news, striking the balance between visual aesthetics and informative value is crucial. An excessive focus on sensational images could result in superficial or trivial content being promoted. The power of images should be used to tell deeper stories and explain complex issues.

Conclusion

In an age where information travels at breakneck speed, images retain their irresistible appeal. They are the link between a news article and its audience, and they have the ability to tell stories with a skill that words alone cannot. The selection and presentation of press photos is an art that the media industry must master in order to ensure impressive, authentic and informative reporting.

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Why AI in B2B SaaS is not a promising business model

08/23/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In recent years, artificial intelligence (AI) has revolutionized the business world and transformed numerous industries. Especially in the software-as-a-service (SaaS) space, AI has attracted a lot of attention. However, despite the enthusiastic coverage of the potential benefits of AI in the B2B SaaS model, there are some fundamental challenges and concerns that make this business model less promising. In this article, we'll take a closer look at these critical issues.

Complex implementation and integration:

Integrating AI into a B2B SaaS product is a complex task. Most AI models require extensive amounts of data to deliver reliable results. Companies that cannot adequately leverage their own data or access relevant datasets encounter difficulties in implementing AI in their existing SaaS products. This results in high costs for data collection, cleansing, and integration.

High development costs and expertise:

Developing a powerful AI algorithm requires specialized knowledge and talented data scientists. However, finding such expertise is challenging and expensive. The cost of developing, implementing, and ongoing maintenance of AI in B2B SaaS can quickly go beyond budget and become prohibitive for many organizations.

Lack of transparency and explainability:

Another critical factor is the lack of transparency and explainability of AI decisions. In B2B environments, where complex decision-making processes and liability issues play an important role, it is essential that AI models can make their decisions understandable and comprehensible. However, most deep learning models are so-called "black boxes," meaning that it is difficult to understand their decision-making rationale, which can reduce user confidence in the product.

Data quality and ethics:

AI models are only as good as the data on which they are based. If the data used to train the algorithm is of poor quality or contains biases and prejudices, the AI results may be unreliable and inaccurate. This can cause serious problems for companies relying on AI-driven processes and even raise ethical concerns.

Market saturation and competition:

The B2B SaaS market is highly competitive, and many companies already offer established and successful SaaS solutions without AI. It can be difficult to gain a foothold in such a market and convince customers of the need for an AI-based solution. It takes extensive persuasion and investment in marketing and sales to prevail over already established competition.

Conclusion:

While AI undoubtedly offers tremendous opportunities and can be successful in some specific use cases, the challenges and concerns in the B2B SaaS model are not negligible. Complex implementation and integration, high costs and expertise, lack of transparency, ethical considerations, and the competitive market make AI in B2B SaaS a less promising business model. Companies should therefore carefully consider whether and how AI can be meaningfully integrated into their SaaS solutions before embarking on this venture.

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Why there are so many fake job postings

08/22/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In the modern world of work, finding a suitable job is often a challenging task. In addition to high competition and increasing demands from employers, job seekers also have to contend with another problem: the rise of fake job postings. These fake job postings can be harmful to both applicants and companies. In this article, we take a closer look at why there are so many fake job postings these days.

Fraudulent intentions:

One of the main reasons fake job postings are popping up is due to fraudulent intentions. Scammers use fake job postings to harvest personal information from job seekers, such as identity theft or credit card fraud. In some cases, applicants are even asked to pay a fee to apply for a supposed job that doesn't exist.

Data and information theft:

Employers are often looking for talent to hire at their companies. In doing so, some companies may use fake job postings to obtain valuable information about their competitors. Applicants may unknowingly disclose sensitive information that is then used by dishonest companies for their own purposes.

Image and brand abuse:

Some fake job postings are created by scammers to abuse the image of reputable companies. By using well-known company names, they try to gain the trust of applicants and deceive them. This can not only damage the reputation of the company in question, but also cause confusion among applicants.

Collecting applicant data:

Some companies use fake job ads to build a database of potential applicants. This data can later be used for other purposes or even sold. It is important for applicants to be careful about who they disclose their personal information to.

Test runs for internal purposes:

In some cases, companies might create fake job postings to test internal processes. This may be the case when a company wants to improve its recruitment process but has no real positions to fill. This practice is controversial, as applicants may invest time and effort without receiving real job opportunities.

How can applicants protect themselves from fake job postings?

Verify the source of the job posting: research the company and the contact information provided to ensure it is a reputable employer.

Do not disclose personal information: reputable employers will not usually ask for sensitive data such as social security numbers or credit card information early in the application process.

Pay attention to spelling and grammar: Often fake job postings contain errors and inconsistencies that can indicate their authenticity.

Use trusted job portals: Use well-known job boards and career platforms to increase your chances of finding legitimate offers.

Conclusion:

Fake job postings are an unfortunate reality in today's workforce. Applicants should be vigilant and aware that not all job postings are legitimate. By being mindful and using common sense, potential victims of fraud and data abuse can better protect themselves and increase their chances of finding genuine and rewarding career opportunities. At the same time, it's important that companies proactively address misuse of their brands to maintain the trust of applicants and customers.

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