Fama Celebrates a Trailblazing 2023: Our Year in Review
To say that Fama had a fantastic 2023 would be an understatement. It was a year marked by groundbreaking achievements, strategic growth, and industry recognition, setting the stage for an even more promising 2024. Let's take a moment to reflect on the milestones that defined our journey last year.
Acquisition: Leading the Market
A pivotal moment for Fama was the acquisition of our top competitor, Social Intelligence. This strategic move not only expanded our market share but also enriched our expertise and resources, reinforcing our position as a leader in our field.
Strategic Partnerships: Expanding Horizons
2023 was also a year of forming significant alliances. We announced an exclusive, strategic partnership with Hunova, a move that promises to bring innovative solutions and new opportunities to both our companies and our customers.
Innovation at its Peak: New Solutions
Innovation is the cornerstone of Fama, and 2023 was no exception. We met the market need for a streamlined and cost-effective misconduct screening solution that’s great for high volume hiring, hourly, and contingent workers with the launch of Fama Essential, which has been a game-changer in our service offerings. We also pre-launched Fama Instant Fit, a new kind of candidate screening solution that can determine whether candidates are creative, problem solvers, or even business-savvy all from their online behavior, a testament to our commitment to staying ahead of the curve in technology and service.
Awards and Recognition: A Testament to Excellence
2023 was a year of accolades for Fama. We were honored with Talent Culture’s 2023 HR Tech Awards, Lighthouse Research’s 2023 Work Tech Awards for our advancements in practical AI, recognizing our innovative contributions to the work, HR, and TA tech spaces. Furthermore, our CEO was recognized as a Top 100 Most Influential TA Thought Leader, a testament to the work Ben and our company has done in the past near-decade. At this year’s HR Technology Conference and Expo, we were named a Top 25 Work Tech Vendor by Inspiring Workplaces and Starr Conspiracy. Finally, Nucleus Research named Fama a Hot Company to Watch in 2024, a nod to our strong market performance and product innovation in Talent Acquisition.
Growth and Expansion: Scaling New Heights
We continued to witness record-breaking numbers of workplace misconduct online screening reports, both monthly and annually, indicating our growing influence and success in the industry.
In the Limelight: Harvard Business School Case Study
One of the most exciting highlights of 2023 was our feature in a Harvard Business School Case Study. This recognition is a testament to our founding journey, innovative approach, and significant impact on the industry.
Industry-Leading Research: Pioneering Insights
Known for our data-driven approaches, Fama conducted three groundbreaking studies in 2023, featured in two influential reports. "How Online Screening Can Impact Quality of Hire" reports on the correlation between misconduct levels and seniority. The second study in the report draws parallels between Talent Acquisition's use of online and social media data for evaluating hire quality and the digital marketing strategies of giants like Facebook and Meta. Our flagship research, "The State of Misconduct at Work in 2022," done in partnership with Recruiting Daily, benchmarks common misconduct types by industry, their organizational impact, and preventative measures, cementing our role as thought leaders in online screening, misconduct at work, and workplace safety.
Compliance-First: Setting Standards
A significant milestone in 2023 was announcing our achievement of SOC2 Type 1 Compliance. This accomplishment underscores our unwavering commitment to maintaining the highest standards of data security and regulatory compliance, further establishing trust with our customers and partners.
Looking Forward: Anticipating 2024
2023 was a year of exceptional achievements for Fama, but we believe this is just the beginning. And, based on Nucleus Research awarding us as a Hot Company to Watch in 2024, we know we aren’t the only ones.
As we step into 2024, our excitement is palpable. We’re looking forward to continuing the momentum in the years to come, and invite you to learn more about our journey, solutions, and why so many companies are trusting Fama to create safe and inclusive workplaces and make hiring great people easy. Let's keep creating safe and inclusive workplaces, and hiring great people together.
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