TAtech Global News Bulletin: Facebook goes blue collar, Triplebyte & Joberate raise money, and Glassdoor eyes an IPO (maybe)

Peter Weddle

A weekly summary of trending news & commentary for busy talent acquisition technology execs and professionals.

Commentary

Twenty likes. 60 link clicks. 500 apply clicks. 1,000 impressions. 40 engagements. 1 share. 6,000 followers. Thirteen network referrals.

At first glance, vanity metrics and actionable metrics appear identical. However, vanity metrics’ worth is only skin deep, while actionable metrics provide deeper insight. The volume of data companies can access in the digital age is overwhelming, and interpreting the meaning of these figures can be even more daunting. So, how do you decide which metrics to incorporate into your evaluation strategy? By keeping one rule in your strategic arsenal.

If you can’t act on it or make decisions based on it, don’t measure it.

TMP Blog March 6, 2018

Job Boards, Social Media Sites & Recruitment Advertising

Facebook rolls out job search to become the blue-collar LinkedIn. After performing a month-long study with over tens of thousands of employees from small and local businesses, Facebook has decided to move forward with the expansion of a job search function integrated into the platform. With the understanding the these local businesses enrich their communities and create over 60% of new jobs, they’re looking to expand and assist in the hiring process by allowing the ability to browse jobs and apply directly in more than 40 countries. Since introducing this function, they’ve added multiple features including mobile job creation, managing applications, and scheduling interviews as well as vacancy alerts. And it’s no small feat – in an online poll of 5,000 adults, over a quarter said that they had searched for jobs or found one through Facebook. Source: Jobs Portal Watch

Glassdoor could go public in 2018, Bloomberg reports. Glassdoor is interviewing banks to advise on an initial public offering, which could come in the second half of 2018, sources told Bloomberg. Glassdoor has raised $204.5 million in venture capital, according to Crunchbase. Its most recent funding round was in 2016, when the company raised $40 million at a reported valuation of over $1 billion, in a deal led by T. Rowe Price. Source: Jobs Portal Watch

Sourcing, Matching, Assessing, Communicating (SMAC) Technology

Triplebyte is a three-year-old, 25-person, San Francisco-based hiring platform that says it makes recruiting and technical screening for tech companies more efficient. One of its biggest differentiators is that its process is “background blind,” meaning it’s ostensibly able to get engineers in front of companies that might not otherwise be interested in them based on their past employers or education. How? By operating like an applied research company. While Triplebyte had originally sealed up $4.5 million in seed funding, it just closed on a fresh $10 million in Series A funding. Source: TechCrunch

The Hire Talent: A Talent Assessment Company and iCims, one of the largest applicant tracking systems in the United States, has partnered up to deliver a seamless application for both managing and assessing applicants and candidates in the hiring and recruiting process. Having The Hire Talent’s pre-hire assessment tools integrated with a recruiting platform allows HR folks to more easily evaluate their candidates for job fit, using a variety of The Hire Talent’s competency, behavioral, and skill-based assessments. Source: HRVendorNews

AI & Machine Learning

Joberate, a global platform of unique talent insights that helps organizations attract more diverse talent faster, improve employee engagement and reduce voluntary attrition, announced that it has raised $1.2M in a Series Seed 2 funding round led by Falmouth Ventures LP. The proceeds from the financing will be used to accelerate product development and client expansion. Joberate’s core technology platform brings together the Internet of publicly available yet disparate information about the global workforce. The technology then uses Machine Learning algorithms to enrich the information with proprietary metadata, including patent-pending J-Score®, which has become the standard in measuring online job seeking behavior. Leading organizations increasingly rely on Joberate’s unique talent insights to help support elevated decision making.

Did you miss the TAtech AI Summit last month? Not to worry. You can still attend the pre-conference half-day AI Summit before TAtechEurope in Dublin on March 13-14. The event will also feature Terence Hielscher, MD of moberries.com, Bogomil Balkansky, Google’s VP of Cloud Recruiting Solutions and Renato Profico, CEO of JobCloud.ch, all of whom will be delivering Keynotes. Add their presentations to an Agenda of world class speakers and panelists, and the two-day conference is sure to max your ROI on time out of the office. Join us!

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 ceo@tatech.org. 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.

• 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.

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