1st March 2022 2 MIN READ
Talos360 launches ambitious growth plans for 2022, including 40 new hires and further development and expansion of our product portfolio.
2021 was a big year for us at Talos360 – from the appointment of our CEO Janette Martin, to our full-scale rebrand in November, as well as the many fantastic clients welcomed along the way.
Last year’s significance was reflected in record-breaking figures for the business – with over a 50% increase in overall revenue, and an 80% increase in annual recurring revenue.
The news of Talos360’s strong growth trajectory comes as UK job vacancies reach record highs. According to the Office for National Statistics, job vacancies rose to more than 1.2 million in 2021 Q4, representing an increase of more than half a million on pre-pandemic levels.
We kicked off 2022 with the appointment of our new Chief Revenue Officer, Chief Finance Officer, and Head of People – all part of our ambitious development plans for the year ahead:
– 60% size-up of our product development team in 2022
We plan to increase the size of our product development team by over 60% in anticipation of further demand and refinement of our solutions.
In 2021, we launched Talos Engage – a new ‘self-service’ product that aims to help businesses improve their employee engagement and retention. This latest addition uses gamification to continuously explore and identify employee trends so that a business can monitor and adapt its ‘employee value proposition’, therefore helping to ensure that businesses are attracting and retaining the skills and employees they need.
– All-new product innovations delivered to our clients
This year, we’ll be developing our products and services to help our clients navigate the ever-changing landscape within the job market. Here’s what our CEO, Janette Martin, has to say about the year ahead:
Janette Martin, CEO:
“We’re expecting 2022 to be another milestone year for Talos360. It’s clear that organisations are looking to focus more on their recruitment and retention strategies in an increasingly candidate-centric market.
Not only are organisations having to cope with the so-called ‘new normal’ and the fallout from the pandemic, but they are also having to navigate the ongoing ripples and aftershocks of ‘The Great Resignation’, which saw nearly five million people voluntarily switch careers.
As a result, organisations that don’t prioritise recruitment and retention in 2022 will be gambling with their future and risk getting left behind. That means thinking about recruitment strategically, seeking out proactive solutions that will not only help them attract the best talent in the industry, but engage with candidates, understand them, and retain them long-term.
Great talent is an investment for businesses – and like all investments, it should be carefully considered and protected. That’s the role we fill at Talos360.
As well as several substantial new senior appointments, we’re also planning to grow our teams across the board with more than forty new hires as we accelerate our plans for growth and continue to bring original, innovative ideas into the talent market.”
