Farnek launches tech-driven workforce provider
UAE-based facilities management (FM) company Farnek has launched Flexitalent, a dedicated technology-driven workforce provider, offering versatile and tailored solutions for a range of vertical industry sectors throughout the UAE.
Flexitalent integrates technology-driven workforce management solutions, through smart payroll systems, digital attendance tracking and AI-powered workforce analytics, enabling organisations to streamline staffing operations across a range of diverse industry sectors, said Farnek in a statement.
Farnek launched Flexitalent as a dedicated workforce solutions company to satisfy the increasing demand from businesses that want to enhance operational efficiency, compliance, flexibility and cost-effectiveness.
According to a report by Boston Consulting Group (BCG), the total spending by UAE-based organisations on outsourcing services was expected to reach $6.8 billion in 2023, with a compound annual growth rate (CAGR) of approximately 7%.
Carrying that growth estimate forward to 2025 would put the UAE market value at around $7.8 billion.
On the launch, Group CEO Markus Oberlin said: "Flexitalent benefits from Farnek's many years of experience in workforce management and has the expertise to tailor staffing models that align with specific organisational needs."
"Its solutions are compliant with UAE labour laws and in addition, the company uses technology-driven workforce management tools for transparency, accountability and enhanced performance. Flexitalent can also integrate eco-friendly practices into staffing operations to support broader sustainability goals," he stated.
"Since its inception, Flexitalent has already successfully onboarded over 3,000 professionals across multiple sectors, demonstrating its capacity to meet complex workforce demands with efficiency and agility," he added.
According to Farnek, Flexitalent offers AI-powered recruitment and selection, which utilises smart talent-matching tools to ensure precision hiring for businesses.
Its Fully automated Wage Protection System (WPS)-compliant payroll ensures seamless salary processing, in line with current UAE labour laws, it stated.
The company has managed to develop a competitive edge, not only through its flexible staffing models, but also through its AI-driven business strategy. Real-time GPS-enabled tracking of its workforce increases transparency and accountability.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Trade Arabia
2 hours ago
- Trade Arabia
EDGE, FAB sign strategic deal to build resilient financial ecosystem
EDGE Group, one of the world's leading advanced technology and defence groups, has entered a strategic partnership with First Abu Dhabi Bank (FAB). The agreement covers two major financial initiatives: the implementation of FAB's advanced Supply Chain Finance (SCF) solution and the deployment of its AI-powered Treasury Management System (TMS). EDGE said its deployment of FAB's AI-powered TMS represents the largest to date. The solution delivers real-time cash visibility, advanced forecasting capabilities, and integrated risk management tools, enabling EDGE to automate treasury operations and optimise liquidity across the Group. The platform provides protection for interest rate risk and FX risk, while improving financial agility, investment planning, and funding, it stated. EDGE Managing Director and CEO Hamad Al Marar said: "Our partnership with FAB is a strategic enabler of our global industrial ambitions. It reinforces the financial architecture required to operate at scale, with speed and resilience. In an increasingly competitive and complex environment, this alignment ensures we remain agile, well-capitalised, and positioned for sustained international growth." Group Head of Wholesale Banking Martin Tricaud said: "FAB's partnership with EDGE marks a step forward in building a more resilient supplier ecosystem. We recognise that effective cashflow and supply chain finance are fundamental to sustainable business models. By combining our global expertise with innovative financial solutions, we are enhancing financial agility and enabling long-term value creation." "Through FAB's digital SCF solution, EDGE provides local and international suppliers access to early, low-cost financing, which enhances supplier trust, improves commercial terms, and ensures continuity across critical operations," he added. Group Chief Financial Officer Rodrigo Torres said: "This partnership reflects EDGE's commitment to embedding financial sophistication and innovation at the core of our operations. By integrating FAB's advanced SCF and AI-powered TMS platforms, we are optimising liquidity and supplier performance while also reinforcing our ability to manage risk and scale with confidence." Torres, said to date, over AED1.6 billion in invoices have been processed, unlocking more than AED1.2 billion in off-balance sheet financing.
Trade Arabia
5 hours ago
- Trade Arabia
ADNOC Distribution achieves major ESG milestones
ADNOC Distribution recently released its 2024 ESG Report, one of the most ambitious sustainability disclosures from the region's mobility and retail fuel sector to date. The report underscores ADNOC Distribution's journey from a traditional fuel retailer into a sustainability-driven mobility and convenience leader. Some standout achievements include: • 100% of UAE fleet now operates on B20 biofuels, reducing 1,468 tCO₂e annually • 100% renewable energy powers the E2GO EV charging network • Over 5.8 million bottles recycled via Reverse Vending Machines in 2024 • 25,000+ mangroves planted in 2024, which are "adoptable" by loyalty customers through the ADNOC Distribution app • 220 fast and super-fast EV chargers installed as of the end of 2024 - a 4x year-on-year increase - with ADNOC Distribution on-track to have 300 installed across the E2GO network by the end of 2025 • 5,083 MWh of solar energy generated from 31 solar photovoltaic (PV) - equipped stations • Recognition for ESG leadership by Bloomberg, FTSE, S&P Global, London Stock Exchange Group, and MSCI • 62% Emiratization rate, with significant investment in youth and women empowerment The report also highlights ADNOC Distribution's commitment to ESG governance, with the creation of a board-level ESG Subcommittee and achievement of key KPIs under its AED5.5 billion sustainability-linked loan.
Trade Arabia
5 hours ago
- Trade Arabia
DLD achieves key milestone with tokenised real estate sell-out
Dubai Land Department (DLD) has announced that its second tokenised project on the 'Prypco Mint' platform was fully funded in a record-breaking one minute and 58 seconds, attracting 149 investors from 35 nationalities. This unprecedented demand pushed the waiting list to over 10,700 investors, reflecting rising confidence and strong interest in digital real estate ownership solutions across the emirate, said DLD in a statement. By enabling investors to purchase shares in ready properties through seamless and cost-effective mechanisms, Prypco Mint is setting new standards for market accessibility. As the platform expands its projects and partnerships, it is helping to shape a future where tokenised assets are expected to become a central part of Dubai's property market by 2033, it stated. Amid this momentum, DLD has called upon interested individuals to register early and set up their accounts to take advantage of upcoming offerings before they get sold out. This ongoing success underscores the effectiveness of the platform, which is officially accredited under DLD's Property Tokenisation Initiative, it added.
