A weekly summary of trending news & commentary for busy talent acquisition technology execs and professionals.
Every time there’s an innovation in the world of marketing, you can bet that not long after we’ll see the recruiting space follow. Over the last decade, it’s become clear with trends such as social recruiting, recruitment marketing and the recruiting funnel that marketing is a leading indicator for what’s to come in talent acquisition. So, that begs the question, what’s up next? Well, one idea building steam this year is conversational recruiting, which puts an emphasis on real-time conversations that happen over an ongoing basis.
Similar to its marketing counterpart, conversational recruiting focuses on two-way conversations. Unlike traditional recruiting methods, this new trend relies on instant, personalized communication via text, video, social media and chat platforms in order to keep candidates on the hook. Older recruiting channels commonly flowed in only one direction, such as emails. But with conversational recruiting, the best candidate engagements involve a multi-channel, back-and-forth dialogue often across different mediums.
Rachel Bitte, fistful of talent
Movers & Shakers
Ashley Whillans, Assistant Professor at Harvard Business School; Miguel Payan, Global Director of Enterprise Services Strategy at Ford Motor Company; and Hannah Russin, Head of Growth at Lyft, will be Keynoting the TAtech Leadership Summit on Programmatic Ad Buying on June 5-6 in Minneapolis, Minnesota USA.
Job Boards, Social Media Sites & Recruitment Advertising
Over the past few months, DHI has been busy shedding its portfolio of job sites, including RigLogix, Biospace, and Health eCareers. Dice, eFinancialCareers, and ClearanceJobs will likely remain the organization’s focus going forward, keeping an eye toward tech. The latest board to be sold off is Hcareers. For approximately $16.5 million in cash, Virgil Holdings is now the new owner of the hospitality job board. The transaction closed on May 23, 2018 and DHI will use the proceeds in accordance with its stated capital allocation strategy, including the reduction of the balance on its revolving credit facility, support of strategic initiatives, and potential return of capital to shareholders. Source: Joel Cheesman, ERE
Indeed, the job website announced that it has acquired Resume.com, the online individualized resume building service. The transaction closed on May 25, 2018, with the terms remaining undisclosed. Indeed will keep the company as a separate entity, under its title of Resume.com. Resume.com was founded in 2014 and offers tools which help applicants fine-tune their resumes to their specific preferences. The services charged users a monthly compensation for the downloading and printing of resumes. However, the latter will be discontinued by Indeed, and the services are now free of cost. Source: HR Technologist
JobServe and Colchester United announced that the leading internet recruitment company is the new sponsor for Colchester’s community stadium in a ten year deal. JobServe was founded by Colchester United’s chairman, Robbie Cowling and John Witney in 1994 as the world’s first internet recruitment website. Wearing his JobServe hat, Robbie said: “I am really delighted to have JobServe sponsoring the community stadium. JobServe have been involved in sponsoring Colchester United for even longer than I have been the owner of the club, but we recognise that the stadium is much more than just a venue for football matches and we want to be involved in all aspects of what the stadium can offer.” Source: Recruiting Headlines
The first day that GDPR (General Data Protection Regulation) was in force last week saw formal complaints filed against Google and Facebook by privacy advocacy group Noyb.eu. Now, a similar French organization called La Quadrature du Net has filed complaints against a broader group of US-based companies for violating GDPR. There are seven complaints against Facebook, Google (Gmail, YouTube and Search), Apple, Amazon and LinkedIn, which the group collectively calls “GAFAM.” (“M” is for Microsoft.) The complaints were solicited from the public at large (12,000 received) and later formalized by La Quadrature. La Quadrature has made these complaints (in French) available as templates and is allowing any entity in Europe to “reuse them” to “attack GAFAM or so many others.” Source: MarTech Today
A “dating app for teachers” is an odd but useful way to describe the startup Selected, which has closed on $1.2 million in seed funding for its recruiting platform for educators. And, in all fairness, Selected said it first. The startup’s own website describes itself (a bit tongue-in-cheek) as a “dating app for job-seeking teachers and hiring schools.” Before you roll your eyes at the shorthand being used here, let’s skip ahead to the main point. And that is – like dating apps – Selected takes advantage of profile-matching technology in order to help teachers find good jobs they’ll want to keep. Source: TechCrunch
Sourcing, Matching, Assessing, Communicating (SMAC) Technology
BountyJobs, Inc., provider of the leading recruiting technology platform for collaboration between employers and search firms with over $1.25 billion in placement fees to recruiters, today announced a strategic partnership with leading Automated Sourcing Platform and digital onboarding provider, Workpop. This strategic partnership with Workpop is part of a BountyJobs led initiative to pursue innovation in Talent Acquisition by building a network of like-minded technology providers, focused on improving the way companies recruit, attract and retain talent. Source: Media Release
The Riverside Co. has made an investment of an unspecified size in German recruiting technology firm GermanPersonnel, a SaaS-based vendor whose platform serves recruitment needs for large and midsize businesses. “GermanPersonnel provides an exceptionally valuable product, helping customers fill vacancies with the right talents quickly, which is an acute challenge in today’s environment,” said Riverside partner Michael Weber in a statement. “Its compelling results are proven in its remarkably high customer satisfaction and superior retention. We are excited about this opportunity and will help GermanPersonnel accelerate its growth further.” Source: CrainsCleveland.com
AI & Machine Learning
When Google first passed Microsoft in terms of stock market value six years ago, it looked like the companies were headed in opposite directions. But over the past 12 months, Microsoft has surged 40 percent, more than five times Alphabet’s gain, and has again become the more valuable of the two. As of Tuesday’s close, Microsoft was worth $749 billion and Alphabet’s market capitalization stood at $739 billion. Microsoft’s latest rally has been sparked by growth in its cloud computing business, which is bigger than Google’s though it still trails Amazon Web Services. In March, Microsoft reorganized its Windows and Devices Group and moved its engineering resources into other units, including one focusing on cloud and artificial intelligence. Source: CNBC
Santa Monica, California-headquartered ZipRecruiter Inc. is expanding its Tel Aviv artificial intelligence technologies center with an office relocation and an engineers recruitment plan, the company announced. Fifty out of the company’s around 1,000 employees work from its Israeli center, which was set up in 2015. With the intention of recruiting 50 more engineers in Israel in the domains of machine learning, data science, and software development, the company is now relocating its local offices to the 18th floor in a central Tel Aviv high rise. Source: CTech
Sneak Preview: Circa 2118: What Will Humans Do When Machines Take Over due out in July 2018. Evoking the clarion call of the 21st century – if you see something, say something – Peter Weddle has penned a stunningly provocative portrait of the rise of super-C machines in the American workplace. Animated by ultra-intelligent, ultra-intuitive, ultra-empathetic technology, these byte-collar workers will cause near universal unemployment among Americans within the next one hundred years.
Weddle, however, doesn’t agree with Hollywood. He acknowledges that the period between now and circa 2118 will test the nation’s character – in fact he calls it a Second Middle Ages – but he believes America will not be dominated by machines, but instead be liberated by them. He argues that super-C machines will free Americans from the handcuffs of paid employment and open the door to a new and profoundly rewarding era – The Neonaissance or The Age of Ennoblement.
Industry Standards & Best Practices
Led by Co-Chairs, Thad Price and Richard Collins, 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 firstname.lastname@example.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. 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. See you next year!
• June 5-6, 2018 Minneapolis, Minnesota USA: The TAtech Leadership Summit on Programmatic Ad Buying – the only conference for both publishers and advertisers that is totally focused on the technology and applications of programmatic ad buying for talent acquisition.
• 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.