Dec. 8, 2022 — eQ8, the world leader in SaaS development and the end-to-end platform for Strategic Workforce Planning (SWP) and dynamic scenario modeling, said it has obtained Series A financing from OIF Ventures in Australia. The investment will boost eQ8’s sustained expansion and product innovation as it works to help businesses around the world link their employees to purpose.
“Organizations can no longer expect the perfect talent to appear,” stated Alicia Roach, Co-Founder, and Joint CEO. eQ8 analyses business demand vs. workforce supply about the external labor market and future of work data, allowing our clients to define where they need to go and choose the steps necessary to get there.”
According to an eQ8 study, more than 80% of firms need clarification on their current workforce’s proper size and structure. Furthermore, over 95% of businesses need to be made aware of the staff size and form they will require in the next 3-5 years. Current market tools are limited to operational planning and do not address the strategic initiatives necessary to overhaul an organization’s workforce.
Strategic workforce planning promotes leadership clarity and more socially acceptable human resource decisions.
eQ8 makes this burgeoning field, which includes Finance, Strategy, and Human Resources, accessible by offering crucial insights into:
The workforce size and shape required (Amount)
Initiatives with the highest impact/return on investment (Action)
Clarity among leaders on future business requirements
“In an uncertain period, customer demand for our product has increased as companies must avoid the short-sighted decisions made during the pandemic.” eQ8 Co-Founder Chris Hare says. “Increased volatility has highlighted the importance of SWP; leaders must plan.”
About eQ8:
eQ8, based in Sydney, Australia, with an expanding presence in Austin, Texas, is the only dedicated end-to-end SaaS solution that provides scalability and sustainability for overall Strategic Workforce Planning success. eQ8 is on a mission to link people to purpose and democratize Strategic Workforce Planning for the world’s most significant enterprises, led by co-CEOs Alicia Roach and Chris Hare.
About OIF Ventures:
OIF Ventures, an Australian venture financing firm, supports extraordinary entrepreneurs in their efforts to establish iconic technology companies of the future. Founded by some of Australia’s most successful entrepreneurs, business builders, and investors with extensive investment, operational, and strategic experience.
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