A weekly summary of trending news & commentary for busy talent acquisition technology execs and professionals.
Employers around the world report optimistic hiring Outlooks in Q2 2018, according to the latest ManpowerGroup (NYSE: MAN) Employment Outlook Survey released recently. Employers in 43 of 44 countries plan to add staff, with hiring confidence strongest in Croatia, Taiwan, Japan, Hungary and the U.S. Hiring intentions strengthen in 17 countries since Q1 including Canada, France, Germany and the UK. Employers in Italy, Switzerland and the Czech Republic report the weakest hiring prospects.
View complete Q2 2017 survey results: www.manpowergroup.com/meos
Job Boards, Social Media Sites & Recruitment Advertising
CV-Library, announced that it has acquired the Education-Jobs.co.uk website, as it continues to increase its network of 800+ recruitment partners. Education-Jobs.co.uk has been trading for 20 years and is a leading job board in the education sector, ranking in the top five on Google for ‘education jobs’. The acquisition of the site will ensure that CV-Library continues to drive applications to its clients’ vacancies across the sector. Source: OnRec
Monster reported that online recruitment activities rose 16 percent year-on-year (Y-o-Y) during February. The report said the home appliances sector continued to lead the long-term growth chart with 71 per cent increase, adding that, the year-on-year growth momentum in the sector slowed in the past three months. Online recruitment in production and manufacturing industry matched the growth rate in the home appliance sector and rose 59 per cent on a year-on-year basis. The year-on-year growth rate in information technology – hardware, software – was 22 per cent and online recruitment in telecom sector was up 49 per cent in February over the same period last year. Source: WebIndia123
Chicago-based Paro wants to completely evolve the way the finance department of a company operates. Its platform allows companies to hire vetted financial professionals such as bookkeepers, accountants, CPAs, and CFOs on a part-time basis, so that they only pay for the services that they need. That added flexibility can mean that processing times can be shortened even while accuracy is increased and costs come down. The startup announced last week that Revolution Ventures, the firm started by ex-AOL founder Steve Case, is leading a $5 million Series A round into the company, with participation from Global Founders Capital and Tom Williams, a prolific venture investor. SF-based Revolution partner Clara Sieg led the investment. Source: TechCrunch
Sourcing, Matching, Assessing, Communicating (SMAC) Technology
Bullhorn®, the cloud computing company that helps staffing and recruiting organizations transform their businesses, today announced that it has acquired Talent Rover and Jobscience, two of the leading providers of recruitment software built on the Salesforce platform. Terms of the transaction will not be disclosed. Following Bullhorn’s recent acquisition of the Salesforce-powered Connexys to serve customers in Europe, Talent Rover and Jobscience will help Bullhorn further its investments to serve those companies that have made a commitment to the Salesforce ecosystem in North America and the rest of the world. Furthermore, the additional resources afforded by Connexys, Talent Rover, and Jobscience will allow Bullhorn to accelerate the development and innovation of front and middle office capabilities for the world’s leading staffing and recruiting firms. Source: Media Release
Fama, a social media screening technology company, recently announced a strategic partnership with Bishops Services, a Sterling Talent Solutions company and leader in investigation and corporate due diligence. The partnership is designed to provide a superior social media screening product to Bishops’ domestic and international due diligence client base. With the amount of information available online, many people consider social media screening a necessary part of a due diligence background investigation. Whether good or bad, a person’s online identity can provide insights into the values and behaviors of an individual and can be a deciding factor when choosing business partners or making investments decisions. Source: Media Release
Human, a pioneer in Artificial Emotional Intelligence (AEI), has announced a new partnership with recruitment software specialist Workable, to remove human ‘bias’ and unconscious discrimination from the traditional interview and recruitment process, hence delivering a more diverse and resilient workforce. Human’s patent-pending software is able to decipher LIVE, during job interviews, how a candidate is feeling as well as accurately detecting key characteristic and behavioural traits through subliminal facial expressions. The collaboration will see Human’s AEI software integrated with Workable’s popular all-in-one platform to strengthen the recruitment process further and to help employers to better understand a candidate’s suitability, skill set, personality and emotional state completely free from human prejudice. Source: OnRec
Mapped is a numerical, analytical and problem-solving testing platform that replaces traditional psychometric and numerical reasoning tests. It has been developed alongside senior management teams at some of Europe’s foremost management, advisory and financial consultancies. The site becomes the first graduate aptitude testing platform built from the ground-up to promote greater diversity within hiring. It is designed to test the skills that count for commercial roles whilst also providing powerful insights into a candidate’s potential. It is a joint venture between leading UK recruitment consultancy Freshminds, and Applied, a technology company dedicated to removing unconscious bias from recruitment and spin off from the Behavioural Insights Team (aka “the Nudge Unit”). Source: OnRec
Scout Exchange, a platform for marketplace recruiting, announced it has received $100 million in funding from TRI Ventures, the investment vehicle of creative staffing industry veteran John Chuang. The funding will accelerate growth of Scout’s recruitment marketplace, which has been adopted by hundreds of top employers—including 50 Fortune 500 companies—and thousands of specialty recruiters. Source: EconoTimes
Skilljar tackles the onboarding process when employees start using a new tool. With hundreds of customers, the Seattle-based startup is now raising a lot more money to grow faster. The latest is a somewhat unusual co-led $16.4 million Series A raised from both Mayfield and Shasta Ventures. Skilljar got going in 2013 after [co-founders Sandi Lin and Jason Stewart] struck out on their own, and had previously raised a $1 million angel round the following year and a $2.6 million seed round in 2015. That investor, Trilogy Equity Partners, is returning in the new raise – a $16.4 million Series A round. Source: Forbes
AI & Machine Learning
In just 3 years since launching its enterprise talent acquisition online and mobile platform, SmartRecruiters signed up 2,000 of the world’s largest companies like Alcoa, Avery Dennison, Bosch, IAC, IKEA, Nature’s Bounty or Visa and connected 15 million candidates to 900,000 jobs. At its recent Hiring Success conference, the human resources tech startup unveiled a recruiting assistant that uses machine learning to automatically screen incoming applications and score candidates against jobs, highlighting their work experiences, education level, and skill set without subjectivity or selection bias. SmartRecruiters also announced an integrated CRM module, a new programmatic advertising solution (SmartJobs) that will optimize the posting of jobs for its customers and a scorecard to help measure a company’s recruiting process, the Net Hiring Score (NHS), based on the cost and speed of hiring and the quality of the people hired. Source: Forbes
Read the results of the inaugural TAtech-Fluent Survey of Consumer Perceptions of AI. Every consumer is either a potential or actual job seeker or a recruiter, and this annual survey will provide one-of-a-kind insights on how they view the role and impact of artificial intelligence in the workplace. Though limited to American workers, it offers a fascinating look at emerging perceptions of this powerful technology and how jobs and careers are or will be changing.
Standards & Best Practices
TAtech is launching the next phase of the International Working Group on Traffic Quality. Click here to see the Declaration on Traffic Quality produced by the first phase. If you’d like to be a part of this unique group that is setting definitions and standards for online recruitment advertising, please contact Peter Weddle at email@example.com. The Group is open to all publishers worldwide.
TAprose and TAtech Global News Bulletin are brought to you by TAtech: The Association for Talent Acquisition Solutions.
Mark Your Calendars! TAtech’s 2018 events include:
• 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. See you next year!
• 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. See you next year!
• 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.
• September 26-27, 2018 Bourbon Street New Orleans, Louisiana USA: The TAtech Fall Congress & World Job Board Forum – the Global Economic Forum of recruiting, this event brings together thought & business leaders from job boards and all other talent acquisition technology solutions companies around the world.