YPNO Partners with Magnet
Young Professionals Network of Ontario adopts robust online job-matching platform to address unemployment
YPNO, February 2, 2016 – In a bid to help job seekers find meaningful employment and give local businesses access to the talent they need, the Young Professionals Network of Ontario is mounting an ambitious campaign to register job candidates and local employers with Magnet, a new network powered by data-rich job-matching technology.
The Magnet network promises to radically change the way Ontario job seekers find meaningful employment and how local businesses source talent to meet their skills requirements.
What’s different about Magnet is that it provides both job candidates and employers with a one-stop, supply and demand job hub to connect the right candidate to the right job – quickly, accurately, and efficiently.
Job seekers sign-up by completing a profile and are then provided with tailored job postings that match their skills, qualifications and job preferences. The system is designed to have job opportunities chase candidates, meaning that every time a suitable new job is posted, qualified candidates are automatically notified.
A unique feature is that every candidate’s identity is shielded until they decide to communicate with a potential employer about their job opening. The platform also gives job seekers and employers the option to use multimedia to more effectively market themselves, their job posting or their organization.
For businesses large and small, the Magnet network provides a fast, cost-effective and easy-to-use channel to post a job and tap into the supply of qualified talent that they need. After an employer posts a job, the innovative technology provides the company with a pre-screened list of top candidates who meet the specified skills requirements and have expressed an interest in the position. The system also lowers search costs and allows companies to remain connected to qualified candidates even if they are not currently hiring.
Magnet was developed by Ryerson University, in partnership with the Ontario Chamber of Commerce (OCC), which represents about 60,000 employers and two million jobs, as a unified and coordinated response to pressing unemployment and underemployment issues.
Magnet is a new network powered by data-rich, job-matching technology that connects job seekers with employers based upon skills, preferences and talent needs. The network is also a unique source of real-time labour market information for decision makers and community planners. Magnet’s goal is to address unemployment and under-employment specifically as it relates to youth, new immigrants, Aboriginal people, persons with disabilities and other individuals facing barriers to employment. The Magnet partner network currently includes more than 25 universities and colleges, 2,000 employers and more than 80 community organizations.