How NWORX leveraging SaaS to disrupt the HR space
It helps organizations and their L&D teams scale their programs effectively and prepare their business leaders in the flow of work
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NWORX3 offers a hyper-personalized, work-integrated and goal-oriented journey to excellence for cohorts of professionals designed by experts in OD & behavioural sciences. Integrated with OKR and HR systems, the platform helps professionals choose program experiences based on practical experiences. In addition, it is customizable for various jobs and roles and configurable for any given business context
Mumbai: Organizations are all about people and nurturing their talent. With organizations of all hues going digital, it is becoming a strategic function today to ensure that talent is constantly upgraded in the ever-evolving corporate world. It is also necessitated by the need of staying afloat in the highly competitive and digitized economy that learning and development have become an indispensable part of forward-moving organizations today.
According to the facts, only one in four senior manager reports that training was critical to business outcomes. In addition, approximately $160 billion in the United States and close to $356 billion globally in 2015 was spent on employee training & education. However, corporate leadership development has never been effectively solved as the solutions are always in form of content, classrooms, coaching or away from the direct experience of the leader at the workplace.
To bridge this gap, NWORX leverages its SaaS platform to embed professional development in the leader's everyday work. This helps the leaders to develop leadership effectiveness as they work on the most critical actions and goals that impact their performance every single day!
A SaaS platform's foremost advantage is to offer frictionless (or friction-minimal) technical solutions at scale. For NWORX, the platform strategy taps into the advantage of network effects. It helps organizations and their learning and development (L&D) teams scale their programs effectively and prepare their business leaders in the flow of work.
Through the SaaS-based model, NWORX is able to expand its reach exponentially by offering significant value to specialist service providers as well as expert resources such as coaches, and facilitators. Specialist providers in turn benefit from being able to reach out to more end users to scale their business. As more and more service providers join the platform, they will be able to connect with and leverage complimentary services, co-create new services which create and increase more value for end-users. But it also starts with the ease of onboarding new enterprises and their subscribing users, and with the effective engagement of the users throughout their lifecycle.
Talking to Bizz Buzz, Hariraj Vijayakumar, Founder & CEO said, "We believe that creating a thin marketplace platform that does not offer to differentiate the specialist providers for their clients will not be a sustainable model in the market of professional development. SaaS enables us to create the core of a 'sticky engine' that will enable each Specialist provider to differentiate themselves from their clients. This allows us to avoid multi-tenancy and grow the business in a sustainable fashion."
In the present market landscape, organizations look for ways to develop dynamic leadership capabilities and effectiveness for every individual. To embed professional development in a real-time business context, NWORX has launched NWORX3 - the first of its kind technology to be used as a creator platform by any L&D team or a professional development provider to set up their programs and deliver them as powerful journeys for their target audience.
NWORX3 offers a hyper-personalized, work-integrated and goal-oriented journey to excellence for cohorts of professionals designed by experts in OD & behavioural sciences. Integrated with OKR and HR systems, the platform helps professionals choose program experiences based on practical experiences. In addition, it is customizable for various jobs and roles and configurable for any given business context.
NWORX is on a secure cloud and complies with GDPR and SOC2 requirement that integrates with other HR systems like 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 delivers leadership readiness for higher roles within a few weeks.
As NWORX scales and onboards more specialist providers and users, the platform will leverage AI to provide more sophisticated recommendations on progress and design to coaches, L&D program design teams, program management teams. The platform will also enhance its nudge engine to provide extremely personalized recommendations and nudges to users to guide leaders to achieve their leadership goals in the flow of their work.
