AL

Alva Labs

www.alvalabs.io link_icon

Company Market Research Report: Alva Labs AB



Company Overview



Name and Mission of the Company


  • Name: Alva Labs AB

  • Mission: “Hire people, not CVs.”


Founding Information


  • Founded by: No information is available

  • Year Founded: No information is available


Key People


  • Chief Operating Officer: Katarina Åhlin

  • Chief People Officer: Erika Harrysson

  • Global Head of Talent Acquisition: Camilla Bråneryd


Headquarters


  • Location: Luntmakargatan 66, 113 51 Stockholm, Sweden


Number of Employees


  • Number of Employees: Approximately 75 employees


Revenue


  • Revenue Information: No information is available


Key Recognitions


  • What is the Company Known For:

  • Developing an advanced candidate assessment platform

  • Combining psychometric theories with modern machine learning techniques

  • Integral emphasis on reducing hiring biases


Products



Overview


Alva Labs offers an assessment platform tailored to improve the hiring process by emphasizing candidates' potential and readiness.

Detailed Product Description and Key Features:



1. Personality Test
  • Description: Rooted in the Five-Factor model, the adaptive personality test offers comprehensive insights in just 15 minutes.

  • Key Features:

  • Item Response Theory

  • Offers real-time adjustment based on responses

  • Transparent candidate reports

  • Reusability of test results for multiple job applications


2. Logic Test
  • Description: Captures a candidate’s problem-solving skills and adaptability using a highly efficient and scientifically validated test.

  • Key Features:

  • Adaptive testing for reduced test anxiety

  • Certified by DNV for reliability

  • Uses Bayesian statistics and Item Response Theory


3. Leadership Report
  • Description: Designed to provide insights into essential traits of successful leadership using data from personality tests.

  • Key Features:

  • Utilizes existing data for effective leadership assessment

  • Useful for internal mobility strategies


4. Coding Tests
  • Description: Technical assessments to evaluate coding skills, designed by industry-leading engineers.

  • Key Features:

  • Supports multiple programming languages and tech stacks

  • Real-world problems and automated scoring


5. Interview Templates
  • Description: Facilitates structured and objective interviews based on research-backed criteria.

  • Key Features:

  • Provides standardized interview questions and scorecards

  • Ensures alignment across interviewers


Recent Developments



New Products and Features


  • New Products Launched:

  • No specific recent product launches detailed.


  • New Features Added to Existing Products:

  • No specific details available.


Recent Partnerships


  • New Partnerships:

  • Collaborations with most major Applicant Tracking Systems (ATS) like Teamtailor, ReachMee, Smartrecruiters, Workday, and more.

  • Partnership with Jobylon highlighted in customer testimonials as providing integrated recruitment solutions.


Customer Testimonials


1. Camilla Bråneryd, Global Head of Talent Acquisition
  • Praises the customer success team for quality and diversity in recruitment during their hypergrowth phase.


2. Christa Buss, Director Talent Acquisition, Nobia
  • Applauds the effortless collaboration and the customer success manager’s engagement.


3. Katarina Åhlin, Chief Operating Officer
  • Commends Alva for its ambition and innovative approach to assessment tests.


4. Erika Harrysson, Chief People Officer
  • Recognizes Alva as a crucial part of their hiring process that ensures efficient and objective candidate selection.


Value Proposition


  • Customer Experience Enhancements:

  • 91% completion rate of tests with an average time to completion of under 1.5 days.

  • 73% of customers reported a decrease in low performers among new hires.


  • Operational Efficiency:

  • Reduces hiring lead times by 60%, as reported by clients like Koenigsegg.

  • Automates candidate screening and assessment integration with ATS for streamlined hiring processes.


Conclusion


Alva Labs AB stands out by leveraging innovative psychometric assessments and data science to create a robust, fair, and efficient hiring platform. It continues to evolve through partnerships and customer-focused enhancements, making significant strides in improving recruitment efficiency and bias minimization.

Address: Alva Labs AB, Luntmakargatan 66, 113 51 Stockholm, Sweden

Contact: hello@alvalabs.io

Website: [Alva Labs](https://www.alvalabs.io)