Technology Company Creates System to Solve Major Issue in the Cannabis Industry
According to a report from the analytics company Headset, nearly 60% of entry-level employees in the cannabis industry leave within the first two months of work
The rise of the cannabis industry brings multiple impacts - medical, social, and economic - but a crucial aspect for the growing industry is its workforce.
The spiraling growth of the United States cannabis industry is evidenced by workforce numbers. A 2020 industry report from Leafly shows the sector employs around 243,700 full-time workers, a 15.5% annual increase from the previous survey. Given this pace, the report projects a 250% job growth over the next decade, a faster growth rate than in renewable energy, patient healthcare, or even careers in IT and data science.
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Unfortunately, according to a report from the analytics company Headset, nearly 60% of entry-level employees in the cannabis industry leave within the first two months of work. In fact, the same report found that in Colorado, only 15% of employees remained with the company for over 12 months.
Addressing this retention issue is Engin Sciences Inc., whose Virtual Talent Management System (VTMS) leverages artificial intelligence to match job candidates with cannabis companies. Engin's technology combines psychographic and skills data with the leading industry recruitment HR from FlowerHire and recruitment expertise to help candidates seeking cannabis careers match with their ideal company. By gamifying the application process in any workplace, HR managers can quickly assess candidates, engage with viable candidates, and help people find jobs they are best suited for. Ultimately, this saves time for recruiters and agencies while assisting job seekers and companies in finding a good fit.
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“During the pandemic, so many hourly and frontline workers were laid off from their jobs, we are proud that our technology is helping people find a fit in one of the few sectors experiencing a hiring boom in this difficult time,” said Alex Shah, Chairman of the Engin Sciences board.
Source: Chris Dier-Scalise/Benzinga, curated and edited by Sechat Content