In late June, Velocity HCM was able to pull (part of) the team together in Atlantic City. We like to bring the team together every year to celebrate our success over the past twelve months and to help plan for the next twelve, and this year was no different; but this year, we also marked our seventh anniversary. That might not seem overly auspicious, but as strategic consultants in HR Technology and Talent Acquisition, the number seven is important to us. Keep reading to the end and we’ll tell you why…
First, though, let’s talk about the previous year. 2023 marked a turning point for HR (specifically recruitment) Technology; AI tools became mainstream, and companies both large and small started adopting them. Regardless of whether an organization started using AI, they found that they could no longer ignore their HR tech stack or treat it as an afterthought. Here at Velocity, we saw a fundamental change in the market, which played out in our client base. Across all the recruitment platforms we support, we saw a rapidly growing interest in our System Audit and Optimization service. We like to think of our clients as those more innovative companies that have already learned this vital lesson, and tellingly, 2023 saw our most significant growth of new clients since our first year on the market. Unsurprisingly, this translated into an excellent year for our bottom line, and while good financial results are always lovely, what is truly gratifying is seeing the positive feedback from our clients and our online community, and 2023 had that in spades. We can think of no better way to wrap up 2023 than by thanking you, our clients; you’re the smartest HR technology leaders out there, but you’re also the best!
Naturally, that leads us to our plans for 2024. While we can’t give away all of our secrets, we can say that we have big plans for the coming months. Some of these plans are internal and won’t be immediately visible to you, but will enable us to help our clients more. I can divulge that 2024 will see significant changes in how we present ourselves to the market and engage with our clients. We are revisiting our Brand and advertising strategy, and in the second half of the year, Velocity will roll out a handsome new spit-shine. We’ve already announced our new partnership with Greenhouse, and should have some additional partnership news to share by the end of summer! Additionally, we will deploy exciting new tools that will allow our clients to engage with us more directly, including real-time chats, new collaboration tools, and other enhancements. All of these changes are in progress, and you can stay tuned here or on our social media channels for more information as we move forward.
All of which brings us back to Lucky Number 7. For us, it represents a milestone. Many businesses take their seventh anniversary as a time to reflect and regroup, to learn from their early years and plan for the next phase of their journey. Here at Velocity, we haven’t formally embraced a seven-year cycle, but this anniversary in particular seems auspicious because of where we are and where we’re going. In the past years, we’ve had some big wins, made a few mistakes, and learned enough from both to confidently plan for the future. We know what our clients need and how to deliver it… and if that’s not worth a business celebrating, I don’t know what is! So, we gathered our team in Atlantic City to do just that. We’ve already posted our pictures online, so I’ll leave you with this video of our fearless leader taking Velocity to new heights.
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