How NWORX Leverages SaaS to Disrupt the HR Space
NWORX3 offers a hyper-personalized, work-integrated, goal-driven journey to excellence for cohorts of professionals designed by experts in OD and behavioral sciences. Integrated with OKR and HR systems, the platform helps professionals choose program experiences based on practical experiences. Plus, it’s customizable for various jobs and roles and configurable for any given business context.
Mumbai: Organizations are people-oriented and cultivate their talent. As organizations of all colors go digital, it is now becoming a strategic function to ensure that talent is constantly upgraded in the ever-changing corporate world. It is also necessitated by the need to stay afloat in the highly competitive and digitized economy that learning and development have become an indispensable part of evolving organizations today.
In fact, only one in four senior executives report that training was critical to business results. Additionally, approximately $160 billion in the United States and nearly $356 billion worldwide in 2015 was spent on employee training and education. However, corporate leadership development has never been effectively solved because the solutions are always in the form of content, classrooms, coaching, or far from the direct experience of the leader in the workplace.
To bridge this gap, NWORX leverages its SaaS platform to embed professional development into the leader’s daily work. This helps leaders develop their leadership effectiveness as they work on the most critical actions and goals that impact their day-to-day performance!
The main advantage of a SaaS platform is to offer frictionless (or minimal friction) technical solutions at scale. For NWORX, the platform strategy exploits the advantage of network effects. It helps organizations and their learning and development (L&D) teams effectively scale their programs and prepare their business leaders for the workflow.
Through the SaaS model, NWORX is able to expand its reach exponentially by delivering significant value to specialist service providers as well as expert resources such as coaches and facilitators. Specialty vendors in turn benefit from the ability to reach more end users to scale their business. As more service providers join the platform, they will be able to connect and take advantage of complementary services, co-creating new services that create and increase more value for end users. But it also starts with the ease of onboarding new businesses and their subscribed users, and effectively engaging users throughout their lifecycle.
Speaking to Bizz Buzz, Hariraj Vijayakumar, Founder and CEO, said, “We believe that creating a thin marketplace platform that does not offer to differentiate specialist vendors for their customers will not be a model. sustainability in the professional development market. SaaS allows us to create the core of a “sticky engine” that will allow each specialist vendor to differentiate themselves from their customers. This allows us to avoid multi-tenancy and grow the business sustainably.”
In today’s market landscape, organizations are looking for ways to develop dynamic leadership capabilities and effectiveness for every individual. To integrate professional development into a real-time business context, NWORX launched NWORX3 – the first technology of its kind to be used as a creative platform by any L&D team or professional development vendor to set up their programs and propose them in the form of powerful courses. for their target audience.
NWORX3 offers a hyper-personalized, work-integrated, goal-driven journey to excellence for cohorts of professionals designed by experts in OD and behavioral sciences. Integrated with OKR and HR systems, the platform helps professionals choose program experiences based on practical experiences. Moreover, it is customizable for various jobs and roles and configurable for any given business context.
NWORX is on a secure cloud and is GDPR and SOC2 compliant which integrates with other HR systems such as HRMS, performance management, goal setting systems, BI and reporting tools, through powerful APIs. It works as a solution for professional, managerial and leadership excellence for organizations. On the other hand, NWORX3 offers leadership preparation for higher roles in a matter of weeks.
As NWORX evolves and integrates more specialized vendors and users, the platform will leverage AI to provide more sophisticated progress and design recommendations to coaches, program design teams L&D and program management teams. The platform will also enhance its nudge engine to provide highly personalized recommendations and nudges to users to guide leaders to achieve their leadership goals in their workflow.