A weekly summary of trending news & commentary for busy talent acquisition technology execs and professionals.
“Employers globally are reporting positive hiring intentions as those in 41 of 43 countries forecast an increase in staffing levels in Q1 2018, according to the latest ManpowerGroup Employment Outlook Survey.
The strongest Outlooks globally are reported in the U.S., Japan, Taiwan and India. Employers in Australia, Japan, Norway, Romania and the U.S. are reporting the healthiest hiring plans in five years or more.
Outlooks among employers in Eastern Europe, and Greece outpace those in Western Europe. Employers in Austria and Italy report the weakest Outlooks across Europe and the globe while job prospects remain upbeat in Romania, Hungary and Poland. In Spain and Portugal, employers report more optimistic Outlooks year-over-year while in the UK, Germany and Belgium they report weaker (yet still positive) hiring intentions. In the UK, concerns over Brexit may be impacting employer confidence as the overall forecast dips to its weakest level since 2012.”
View complete Q1 2018 survey results: www.manpowergroup.com/meos
PR Newswire, December 12, 2017
Job Boards & Social Media Sites
Clora, a Cambridge, Massachusetts-based startup, notes that it often takes about 14 years and $2 billion to develop a drug and get it into the hands of doctors and patients. However, a marketplace with enough breadth and quality of talent could dramatically reduce this cost. That’s the premise of the company which raised its first $3.3 million seed round with the aim of helping life sciences companies hire the right talent quickly. The round was led by Spark Capital and joined by Social Capital, Ludlow Ventures, iSeed Ventures and Notation Capital, among others. The startup is a platform that matches life sciences companies with on-demand expertise, claiming to complete placements about 10 times faster than traditional recruitment methods at about 30% of the cost. Clora generates revenue by taking a commission for each hire made through its platform, typically of about 20% per project, substantially lower than the cost of traditional recruiting services. Clora is free for candidates, and employers pay if they hire a Clora-produced match. Source: Forbes
Monster India has signed an MOU with the All India Council for Technical Education (AICTE) to aid in providing job opportunities to students and fresher candidates across India. As a part of this alliance, Monster India will act as an interface among students, colleges and recruiters by empowering institutions approved with AICTE, to map their students’ talent and provide them with relevant job opportunities. Under the MOU, Monster India will manage and monitor campus recruitment activities of the over 10,360 colleges approved by AICTE. This comprises students from various streams- engineering and technology; applied arts and craft; hotel management and catering; management; pharmacy and architecture and town planning. Source: JobsPortalWatch
Shiftgig, the on-demand staffing platform, laid off 75 workers — or about one-third of its staff — as it reorganizes its sales and support operations and centralizes them in Chicago. Most of the jobs cut were outside Chicago and involved workers in sales and customer support roles. The company wants to centralize that work in Chicago before it adds new markets. “We are eliminating remote locations and most traditional manual support functions in favor of a Chicago-based team and technology investments,” the company said in a statement. “This is a reorganization to focus on technology-enabled clients and Chicago. By building our team here, we have access to some of the most talented engineers, salespeople, marketers, and customer success managers in the country.” ShiftGig brought on Wade Burgess, an executive from LinkedIn, to be its CEO in September, replacing co-founder Eddie Lou, who became executive chairman. The company has received $56 million in funding since launching in 2012. Source: Crain’s Chicago Business and ERE/Joel Cheesman
Side has raised another 5.7 million dollars in an investment round led by Xavier Niel. Aglaé Ventures, Jacques-Antoine Granjon and other investors have also participated in this round of financing, as well as investors who had already participated in the previous round, including Connect Ventures, Fly Ventures and TheFamily. As its name suggests, Side allows students to earn some money working in temporary jobs, for a few days or weeks. It is a marketplace that helps youth find work in product launches, seasonal work and much more. Think of Side as a “staffing-as-a-service” startup. It is a freelancers’ market where you can hire people for specific tasks. It’s like a Deliveroo driver, but for all kinds of jobs, including administrative positions: customer billing, collection of payments, etc. Source: TechCrunch
JobBoard.io, a provider of white label job board platforms for blogs, associations and publications, has been acquired by ZipRecruiter. Founded in 2012, it’s quietly built a stable of some 200 customers, including some big-name publications like TechCrunch and Politico. Terms of the deal were not announced. JobBoard.io will continue to operate as a stand-alone company led by its former CEO.
Sourcing, Matching, Assessing, Communicating (SMAC) Technology
BountyJobs, a recruiting technology platform for collaboration between employers and search firms, announced a joint product release and partnership with online recruitment platform Workable. This joint offering, the first of its kind for both companies, is available exclusively to Workable customers, providing them the benefits of the BountyJobs marketplace (access to 10,000+ top recruiters, streamlined communication tools, automatic recruiter payments) inside of Workable’s all-in-one recruiting platform. It allows hiring managers to continue to rely on Workable for all of their recruiting tasks, now including third-party recruiting if and when they use it.
Intelifi Inc., a national background check company and drug testing provider, today announced a partnership with iCIMS Inc., a provider of cloud-based talent acquisition solutions. Intelifi, focused on pre-employment background checks, now offers an integration into the iCIMS Talent Platform, a suite of talent acquisition tools that enables organizations to source, screen, and employ talent for their ever-changing business needs. The partnership offers a seamless transfer of candidate background check and drug testing results from the Intelifi platform into the iCIMS Talent Platform, allowing recruiters to efficiently screen candidates and manage the hiring process from start to finish, all within a single, cloud-based application.
AI & Machine Learning
SomeoneWho, an online recruitment platform, released a report which found that more than three quarters (79%) of HR managers in British small businesses are excited or optimistic about using artificial intelligence (AI) to find future employees. One in four are keen to start using the technology in their business right away. The platform surveyed 500 SME HR managers about their attitudes to technology, robotics and AI. More than half (50.5%) described themselves as ‘optimistic’ about the changes, while a quarter (28%) are ‘excited’ about the new approach.
One in four are prepared to start testing the new technology in their own recruitment – while a further two thirds would consider it for the future. Source: JobsPortalWatch
Stella.ai, a shared talent network powered by artificial intelligence, has officially launched. While the technology that powers Stella.ai is complex, the idea of Stella.ai is brilliantly simple. Companies invite candidates to join Stella.ai’s shared talent network, which uses artificial intelligence to direct candidates to job opportunities where they are most likely to succeed. Stella.ai then re-routes these pre-qualified and interested candidates, directly to the recruiting managers. There are no changes in workflows, no cumbersome software integrations, and setup time is under one hour, making it a seamless process. Companies pay $2,000 if they hire from the network, and receive referral fees if a candidate that they invite to Stella.ai is placed by Stella.ai which for the first time creates a revenue stream into the HR department. Source: Recruiting Headlines
ZipRecruiter, a job posting and distribution platform, announced that its research and development center in Israel has more than doubled its size, from 12 employees to 30 in just two years. In a recent interview, CEO Ian Siegel said the company is planning to hire 100 more employees in that country in 2018. Its Tel Aviv center is dedicated to artificial intelligence technologies, and the developments that stemmed from it have differentiated ZipRecruiter from other web-based talent acquisition solutions, Mr. Siegel said. ZipRecruiter had been using AI technologies to identify and match candidates and employers. Now, Mr. Siegel has set his sight on a new goal: to make the entire recruitment process shorter, preferably to under one day. Mr. Siegel said he wants to make recruiting employees a “real-time activity,” in which employers publish an ad and immediately begin interacting with potential candidates. “We are really close,” he said. “People do not understand what a paradigm shift we are on the cusp of here. because if you could literally sit down and start engaging with high-quality candidates, you would decide to recruit anyone to hire that day or maybe the next day.” Source: JobsPortalWatch
Standards & Best Practices
Twitter rolled out a new feature that will make it easier for users to send a bunch of connected tweets at one time — often referred to as a tweetstorm. Now users can write multiple tweets and Twitter will automatically thread them together and publish them in unison. It means that people can essentially post longer thoughts than Twitter’s already-expanded 280-character limit allows. Twitter will also label threads with a “show this thread” icon so people know there is more to read. The company has been testing a product like this for months, but just launched it to everyone. The new feature should make sending a thread of tweets much simpler, meaning more people will actually do it. Twitter’s belief is that longer posts, not shorter ones, perform better on Twitter. When the company doubled the length of a tweet last month, Twitter claimed that longer posts resulted in more engagement. (BuzzFeed found the same.) So more tweetstorms, theoretically, should mean more engagement for Twitter. Source: recode
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• February 12-13, 2018 Scottsdale, Arizona USA: The TAtech Leadership Summit on AI/Machine Learning in Talent Acquisition – the only conference totally focused on the capabilities and impact of AI/ML/NLP in recruitment.
• March 13-14, 2018 Dublin, Ireland: TAtechEurope 2018 – the premier event for recruitment advertising and technology thought & business leaders in Europe, the Middle East and Africa.
• April 18-19, 2018 Las Vegas, Nevada USA: The TAtech Spring Congress & Meetup – a unique conference designed to maximize opportunities for B2B networking, trending topic discussions and the exploration of partnerships and business opportunities.
• June 5-6, 2018 Minneapolis, Minnesota USA: The TAtech Leadership Summit on Programmatic Ad Buying – the only conference totally focused on the technology and applications of programmatic ad buying by both publishers and advertisers.
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