Technology

CHIPOTLE INTRODUCES NEW AI HIRING PLATFORM TO SUPPORT ITS ACCELERATED GROWTH

Published

2 hours ago

October 22, 2024

The company is rolling out a new system by Paradox that will make the hiring process simpler, faster, and more automated for all 3,500+ restaurants in North America and Europe The Paradox platform is supporting Chipotle’s fall hiring efforts, its second largest hiring period of the year

NEWPORT BEACH, Calif., Oct. 22, 2024 /PRNewswire/ — Chipotle Mexican Grill (NYSE: CMG) announced today that it is partnering with Paradox to introduce a new platform that will make hiring employees more efficient for its restaurant teams. Paradox’s conversational hiring system will enable the General Managers in Chipotle’s restaurants to spend less time on administrative tasks, including collecting basic information from candidates and scheduling interviews, and allow them to focus on their day-to-day operations and providing excellent hospitality for guests. The technology, underpinned by Conversational AI, is expected to reduce the amount of time it takes to hire an employee for an in-restaurant position by as much as 75%.

Paradox is currently being introduced in a phased approach across more than 3,500 restaurant locations, with plans for completion this month. The recruiting system aims to decrease the time to hire, reduce job advertising costs, increase hiring for hard-to-fill roles, and improve candidate experience.

Introducing “Ava Cado“
Paradox’s experience is driven by a virtual team member that Chipotle named “Ava Cado.” Ava will provide a frictionless hiring experience by chatting with candidates, answering their questions about Chipotle, collecting basic information, scheduling interviews for hiring managers, and sending offers to candidates who are selected by managers. Ava is multilingual and can converse with candidates in English, Spanish, French, and German.

“As we continue to move toward our long-term goal of operating 7,000 restaurants in North America, we are empowering our teams to recruit and hire talent that are excited by our vision to Cultivate a Better World and want to grow with us,” said Ilene Eskenazi, Chief Human Resources Officer. “Paradox operates as if we’ve hired additional administrative support for all our restaurants, freeing up more time for managers to support team members and provide an exceptional guest experience. We’re excited about the early improvements we’re seeing.”

A Leading Workplace
In August, Chipotle ranked #1 on the American Opportunity Index’s first-of-a-kind ranking of the top 50 employers that offer recent high-school graduates with the best pathway to a sustaining career and increased compensation. Chipotle offers eligible workers industry-leading benefits such as debt-free degrees, tuition reimbursement up to $5,250 per year, access to mental health care, financial planning tools, and the opportunity for quarterly bonuses for all employees, including hourly crew members, up to a month’s worth of pay per year. It also provides transparent career progression showing how crew members can advance to a Restaurateur, the highest General Manager position, in as little as three and a half years, with a total potential compensation package of approximately $100,000 while leading a multi-million-dollar growing business. Last year, Chipotle had 24,000 internal promotions including 90% of its restaurant management roles and 87% of Field Leader positions.

Those interested in joining Chipotle on its mission to Cultivate a Better World can apply here: https://jobs.chipotle.com/.

ABOUT CHIPOTLE
Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. There are over 3,500 restaurants as of June 30, 2024, in the United States, Canada, the United Kingdom, France, Germany, and Kuwait and it is the only restaurant company of its size that owns and operates all its restaurants in North America and Europe. Chipotle is ranked on the Fortune 500 and is recognized on Fortune’s Most Admired Companies 2024 list and Time Magazine’s Most Influential Companies. With over 120,000 employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. For more information or to place an order online, visit www.chipotle.com.

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SOURCE Chipotle Mexican Grill

Technology

Strengthening Municipal Bond Trading Efficiency: True Market and PIMCO

Published

17 mins ago

October 22, 2024

DETROIT, Oct. 22, 2024 /PRNewswire/ — True Market, a pioneer of financial technology, today announced a strategic collaboration with PIMCO, a global investment management firm, leveraging True Market’s advanced virtual private ATS technology and Software as a Service (SaaS) solutions.

By integrating True Market’s sophisticated platform-as-a-service (PaaS) solution, PIMCO aims to significantly enhance workflow optimization for municipal bonds in an effort to address the evolving needs of the marketplace.

“PIMCO recognizes the critical importance of performance and workflow optimization and is continually seeking innovative technology to improve efficiency,” said David Hammer, Managing Director and Head of Municipal Bond Portfolio Management at PIMCO. “We are thrilled to partner with True Market, whose solution will help us provide this greater efficiency for municipal bond clients and partners.”

Charles Almond, CEO of True Market, expressed his enthusiasm: “We are delighted to collaborate with PIMCO to enhance their municipal trading operations. This partnership underscores our commitment to helping PIMCO maintain and build upon their leadership in the field.”

Aligning True Market’s innovations solving aggregation of real-time cutting-edge data and liquidity with PIMCO’s objectives sets a new benchmark in financial technology solutions. This partnership emphasizes True Market’s commitment to strengthen asset management practices, which support PIMCO’s key position as a leader in the market.

About True Market
True Market is a forward-thinking player in the financial technology sector, specializing in unified fixed income trading markets and bespoke workflow solutions. With a stronghold in technological advancements, the company continues to drive progress in asset management through industry-leading solutions.

For Information on True Market:

Website:

https://true.market

Email:

info@truemarketllc.com

General Phone:

(866) 644-5611

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SOURCE True Market

Technology

ActivTrak to Speak on Boosting Productivity and Performance with Workforce Analytics at the 2024 Gartner® ReimagineHR Conference

Published

17 mins ago

October 22, 2024

AUSTIN, Texas, Oct. 22, 2024 /PRNewswire/ — ActivTrak today announced that Chief Product Officer Javier Aldrete will present a session on workforce analytics at the 2024 Gartner® ReimagineHR Conference, the HR conference for CHROs and their leadership teams, to be held Oct. 28-30 in Orlando.

WHAT:

Theater Session: How to Boost Productivity and Performance with Workforce Analytics

HR leaders face growing questions about the ROI of workforce investments, yet too many don’t have the data to understand and optimize how distributed, digital teams work. In this session, HR leaders will learn how to use workforce analytics to boost employee productivity and engagement, optimize performance, and make informed investment decisions. Real-world case studies will illustrate the impact of data-informed coaching and the integration of people analytics with other business data.

WHO:

Javier Aldrete, Chief Product Officer, ActivTrak

WHERE:

Gartner ReimagineHR Conference

WHEN:

Wed., Oct. 30, 2024
10:00 – 10:20 a.m. EDT

CONTACT:

ActivTrak will demo its workforce analytics platform at booth #119.

About the Gartner ReimagineHR Conference
The Gartner ReimagineHR Conference is the premier event for CHROs and HR leaders to learn from the latest research and Gartner experts covering talent acquisition, diversity, equity and inclusion, learning and development, total rewards, talent analytics, and HR technology. Gartner ReimagineHR will be held October 28-30 in Orlando, Florida. Follow news and updates from these events on Twitter using #GartnerHR.

About ActivTrak
ActivTrak helps organizations improve performance and optimize productivity. Our workforce intelligence platform transforms work activity data into actionable insights, providing the only complete solution with employee monitoring, productivity and performance management, and workforce planning capabilities that deliver measurable ROI. More than 9,500 customers trust ActivTrak’s award-winning technology which has been recognized by the Deloitte Technology Fast 500, Inc. 5000, TrustRadius and G2. ActivTrak is backed by Sapphire Ventures and Elsewhere Partners. To learn more visit: https://www.activtrak.com/.

View original content to download multimedia:https://www.prnewswire.com/news-releases/activtrak-to-speak-on-boosting-productivity-and-performance-with-workforce-analytics-at-the-2024-gartner-reimaginehr-conference-302283247.html

SOURCE ActivTrak

Technology

EQT AB hosts Capital Markets Event in New York

Published

17 mins ago

October 22, 2024

STOCKHOLM, Oct. 22, 2024 /PRNewswire/ — Today, EQT hosts its first Capital Markets Event in New York. In the five years since EQT’s listing on Nasdaq Stockholm, EQT has quadrupled revenues and had a fivefold increase in market cap to USD ~40 billion.

The event will feature presentations by EQT’s CEO Christian Sinding, members of the Executive Committee, the Heads of Private Equity and Infrastructure North America, the Global Head of Real Estate and Client Relations & Capital Raising. Presentations will cover EQT’s long-term growth priorities, thematic investment focus, repeatable approach to value creation, EQT’s view on the future of private markets, and EQT’s US ambitions.

Presentations and Q&A will begin at 10:00 AM ET. The event will conclude with a fireside chat between EQT Founder and Chair Conni Jonsson and Bloomberg TV Anchor Dani Burger followed by lunch.

The event will be held in person only. A presentation is available on the EQT Group website’s Shareholder Relations tab and a recording will be available after the event.

Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
Mathilde Milch, Communications Director, +1 917 510 66 26

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/eqt/r/eqt-ab-hosts-capital-markets-event-in-new-york,c4054491

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