AI-Enhanced Hiring and Training for Hospitality
My startup, HOSPOW, is an AI-driven Hiring and Staff Training solution specifically for the hospitality industry. It functions as an end-to-end workforce optimization system incorporating two core components; an AI Situational Hiring Simulator that identifies the most optimal candidates for varied roles, and a Smart Adaptive Training Platform that personalizes professional development based on real-time restaurant data. The resultant effect is improved employee engagement, reduced turnover, and enhanced efficiency.
Mission: "Revolutionize restaurant workforce management with AI, driving efficiency, enhancing retention and customer experience."
Hospitality owners/managers and potentital employees
Our solution reduces high turnover, inefficient hiring, and ineffective training in the restaurant industry by using AI-driven hiring simulations and personalized training to ensure the right employees are hired and continuously upskilled based on real restaurant data
High turnover, poor hiring strategies, and outdated training cause 80% of new hires to leave within 90 days - costing restaurants $5,864 per hire.
Our startup, HOSPOW, utilizes AI to revolutionize the restaurant industry by enhancing hiring processes and training, thus reducing staff turnover.
With our AI-driven hiring simulator and smart adaptive training platform, restaurants can efficiently build skilled and engaged teams.
We offer an AI-based hiring and training solution that increases efficiency, reduces staff turnover and enhances customer experience in the hospitality industry.
We estimate the market size for which our solution is designed in monetary terms as follows
Is our goal in the next 3 years
My key role is a founder and I'm responsible for setting strategic direction, acquiring necessary resources, and establishing company culture.
Our current team is far-reaching with expertise in franchise operations and culinary arts. Future expansion might include roles in marketing, finance, and tech development.
Our major competitors are Workstream and Paradox. Despite this, the market remains vast with plenty of room for innovative players in the AI-enhanced hiring and training segment within hospitality.
Our startup offers AI-driven hiring assessments that evaluate potential hires based on authentic customer interactions. Additionally, we provide personalized microlearning for employees in real-time, backed with live feedback to aid improvement and continuous performance tracking. We also recommend skills powered by AI and ensure a seamless transition from hiring to training.
We monetize through a subscription model with scalable plans based on number of employees, and one-off payments for key hiring assessments.
Our product is in the conceptual phase, embodying an innovative idea that we are eager to bring into reality. As we continue refining and shaping this promising concept, exciting progress is on the horizon.
The raised capital will fuel our MVP development, market testing, team assembly and early customer acquisition. As funds deplete, we'll be equipped with a viable product, initial market traction, enthusiastic team and an optimized market-entry strategy.
Our product focuses on key metrics that significantly impact business efficiency: lowering employee turnover, reducing the expenses linked to training, minimizing poor recruitment instances and shortening hiring timeframes.
While we're still in our early stages and don't have concrete financial metrics, our business hypotheses are backed by extensive market research data gathered from various industry-specific articles and statistics.
Our company incorporated in
Honduras
Main risks could be slow adoption of AI in hospitality, potential data security issues, regulatory changes influencing use of AI, gaining trust from stakeholders and competition from similar tech-driven solutions.
$
10000
We raised investments
the co founders at 33% stake each
$
500000
Currently, we are raising investments
$
7 million
Estimated pre-investment valuation of the company
I am currently seeking a co-founder with extensive technical expertise and a genuine passion for leveraging artificial intelligence in improving the food service industry. The main tasks would include leading the design, development, and implementation of our AI-driven Hiring and Staff Training solution. The co-founder will also play a significant role in defining and executing the startup's vision and strategy, establishing and nurturing relationships with potential clients and investors, while fostering an innovative culture within the team. In exchange for their contribution, they would receive an equity stake in HOSPOW and the opportunity to shape the future of workforce management in the hospitality industry.
We're seeking a passionate and dedicated individual to join our team as an AI Technical Lead. As an AI Technical Lead at HOSPOW, your job will be to help design, build and implement our AI-driven Hiring Simulator and Smart Adaptive Training Platform. You'll be working directly with our founder and will play a key role in shaping the growth and direction of our revolutionary product. Responsibilities Include: - Leading the development and implementation of AI algorithms. - Collaborating with the product team to integrate AI features and capabilities. - Managing the AI development team and ensuring milestones are met. - Staying updated with latest AI trends and technologies relevant to our mission. Ideal Candidates: - Previous experience in AI and machine learning in a leadership position. - Proficiency in Python programming and relevant AI libraries. - Familiarity with AI application in HR or hospitality industry will be an added advantage. - Strong communication and leadership skills. - Innovative and solution-oriented mindset.