TAtech Global News Bulletin: GrabJobs grabs some funding, JobAdX launches and Ripple takes a swipe at networking sites

Peter Weddle

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


“According to Axios, Tom Donohue, president and CEO of the U.S. Chamber of Commerce, recently warned of the consequences of the strengthening “techlash” — the ‘backlash against major tech companies that is gaining strength … both at home and abroad, and among consumers and governments alike.’

“My friend Arianna Huffington recently penned “The Great Awakening,” in which she opines about ‘how our thinking about technology fundamentally changed in 2017 and where we go from here.’ And just a few weeks ago, I made “The Case for Responsible Innovation” with the help of my friends Dave Sapin and Rob Mesirow from PwC.

Here is a list of observable techno-facts:

• We humans are using more digital technology today than ever before.
• We will use more digital technology tomorrow than we are using today.
• Technology writ large is way ahead of any policy or law that might govern it.
• Societal norms and mores cannot keep up with our technological progress.
• Social media addiction is real.
• Social media–empowered tribalism cannot be controlled.
• Echo chambers are virtual vortexes, and we need to use extreme force to escape them.
• You have granted a small number of very large companies permission to transform the data you willingly provide them into wealth. Those companies are doing so with exponentially increasing efficiency.

Every item on this list will be true until the apocalypse.

Shelly Palmer, Beware the Tales of Techlash, January 14, 2018

Job Boards, Social Media Sites & Recruitment Advertising

Google’s made headlines in recent months after being sued for treating women and minorities unfairly. But now, a lawsuit claims the tech giant is actually discriminating against an unexpected group of workers. Filed by two ex-employees, a new lawsuit claims that Google actually discriminates against white, male conservative employees. The lengthy suit (161 pages) was filed by former engineers James Damore and David Gudeman, and contained communications between fellow employees that often condemned Damore and his political views. Damore was fired last August after the intense backlash from the 10-page memo he wrote, arguing that biological differences between the sexes were what kept women from pursuing and succeeding in tech and leadership positions. Google made it clear that his ideology was damaging to the company, with the VP of engineering stating, ‘Building an open, inclusive environment is core to who we are, and the right thing to do.’ Damore, however, believes he was fired for simply expressing his view, and he alleges that Google tries to silence conservatives. Source: HRMorning.com

GrabJobs plans to raise S$5 million ($3.75 million) in a Series A round by mid-2018. This would double the team size of this Singapore-based job matching platform in the existing markets and nourish expansion to other Southeast Asian countries. GrabJobs was founded in 2015 and continues to be a web and mobile recruitment solution that specializes in entry- to mid-level positions. The introduction of this Series A comes after the firm raised S$1.6 million ($1.2 million) in seed funding from investors by the end of last year.

JobAdX has launched the first ever job advertising marketplace with Real Time Bidding to help employers maximize their online recruiting spend. Employers can now bid for placement on top job boards across the web to better attract talent. JobAdX empowers employers to advertise jobs the same way brands have advertised products for decades. Real time analytics, self-optimizing campaigns and audience segmentation ensure that you get the best results. Source: Recruiting Headlines

Sourcing, Matching, Assessing, Communicating (SMAC) Technology

Firstbird, a Vienna, Austria-based digital employee referral program, has secured another two million euros in investments. Among its customers are companies such as Local.ch, Deloitte, Deutsche Telekom, The City of Zurich and SIXT. This investment was led by existing shareholder JobCloud AG (Switzerland’s leading company in the digital job market) and also included private business angels as well as the European Super Angels Club (ESAC). With a contribution of EUR 770,000, the venture capital network investiere.ch was the largest contributor to this financing round.

IDfy.com, an India-based HR analytics services provider specializing in background verification across a range of scenarios, recently held a fresh round of funding, where both new and existing investors participated in raising approximately USD $3 million. New Enterprise Associates (NEA), a venture capital firm based in the US and part of the existing portfolio, once again supported IDfy.com. New participants included Dream Incubator from Tokyo and NB Ventures – an arm of UAE-based investor Neelesh Bhatnagar.

Ripple – The Professional Network launched as yet another Tinder-like networking app. Its rationale for going where other dating apps have gone (and failed)? As the CEO puts it, “Professional networking is pretty terrible today. That was our consensus when we started reflecting on our own experiences with the networks out there today. Interfaces packed with ads, unwanted mail from recruiters and salespeople, and a lack of community. It’s a shame; like most people, we want to build and leverage our professional network, but we just couldn’t perform the tasks we wanted using the tools available. They’re hard to use, hard to find, or hidden behind a paywall. They simply missed the mark.”

AI & Machine Learning

The TAtech Leadership Summit on AI/Machine Learning in Talent Acquisition will be held on February 12-13, 2018 at the SkySong Innovation Center in Scottsdale, Arizona USA. The Conference begins with an optional, free Golf Tournament at the world famous Talking Stick Resort on February 12th. Then on the 13th, the Summit itself features an agenda jam-packed with some of the smartest people working with AI and machine learning in recruitment. The conference is designed for tech company CEOs and their direct reports and for HR/TA execs and senior recruiters.

Standards & Best Practices

TAtech announced that Bogomil Balkansky, Google’s VP of Cloud Recruiting Solutions, would be one of the speakers at TAtechEurope. Bogomil oversees all go to market aspects of Google Cloud’s recruiting initiative including Google’s AI work in the talent acquisition area. He’ll be speaking twice at the event. His first session will be on some of Google Cloud’s AI developments during the pre-con AI Summit on March 13th. Then, he’ll be speaking again during the Summit, itself, where he’ll discuss all of Google’s talent acquisition initiatives, the role he sees them playing in the industry both today and down the road, and his vision for the larger TA technology field.

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.

• 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 only conference that brings together the global thought and business leaders of the TA technology industry.

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