A weekly summary of trending news & commentary for busy talent acquisition technology execs and professionals.
“Interest in cognitive and AI technologies has reached a ‘fever pitch’ this year, according to data research firm IDC. AI spending is expected to hit US$19.1BN.
The 54.2% increase from last year’s spending indicates how aggressively organizations are pouring money into research.
In fact, investments in AI are predicted to reach US$52.2bn in 2021. The emerging tech is no longer just a trend but is slowly becoming an essential part of enterprise tech stacks.
Not the least of which are HR technologies designed to make human capital management more efficient.
‘AI will not replace the need for HR management, but it will significantly change the nature of how HR department leaders must adapt and communicate with their fellow staff,’ industry leaders from the Organisational Development Institute (OrgDev) said in the report ‘The Future of HR’.”
Rachel Ranosa, This how AI shapes a versatile workforce, HRD/Canada, September 7, 2018
Movers & Shakers
Anthony Andre has joined Bayard Advertising Agency as Vice President, Client Strategy. Previously he ran his own boutique talent brand consultancy, and held positions at Korn Ferry Futurestep and TMP Worldwide Advertising & Communications.
Irina Novoselsky, who joined CareerBuilder in October 2017 as President and Chief Operating Officer, has been named the company’s Chief Executive Officer. Matt Ferguson, following 14 years as Chief Executive Officer, will assume the role of Executive Chairman effective last week.
Nick Woodward, founder of ETZ, has returned to the company after an absence to lead day-to-day operations. He founded the company in 2000.
The Winners of the 2018 Recruiting Service Innovation Awards – the only accolades that celebrate those who are Optimizing the Recruiter’s Experience – will be presented at the TAtech Fall Congress & World Job Board Forum on September 27-29, 2018 in New Orleans.
The Winner of the 2018 Daywalt Future Leaders Scholarship – recognizing the rising business and thought leaders of the talent acquisition technology industry – will also be announced at the TAtech Fall Congress & World Job Board Forum.
Job Boards, Social Media Sites & Recruitment Advertising
The new job portal on the block in Germany is job-kaffee.de, and their promise is to make the job search less taxing and more enjoyable. Opened on the 1st of July, the portal focuses on the importance of visuals and maneuverability for its users. As with other portals, job seekers can search for the dream job of their choice across a keyword and filter search in Germany. The corresponding ads are not only played in the portal, but also advertised on Facebook, Instagram, and Google. Added to this are any regional and Germany-wide partner portals. Source: JobsPortalWatch
Steady, the income-building platform for the Build-Your-Own (BYO) workforce is already serving 100,000 Americans since it launched last week. The company, which delivers personalized income-building opportunities, an income tracker, and exclusive relevant discounts, has raised $9 million in Series A financing round led by Propel Venture Partners, with significant participation from Omidyar Network, the impact investing firm established by Pierre Omidyar, the founder of eBay. The funds raised in this round will be used to rapidly scale and extend product features. Other investors include 25Madison, Clocktower Ventures, and Commerce Ventures. Shaquille O’Neal has joined the team as an Advisor and Advocate for the BYO workforce. Source: Media Release
Sourcing, Matching, Assessing, Communicating (SMAC) Technology
A leading integrated hiring and talent management platform, Hireology, has announced a new partnership with leading software provider of innovate HR for SMBs, BambooHR. The new partnership is highly integrative and focuses on using Hireology’s capabilities for candidate sourcing and hiring, while transferring onward to BambooHR for management purposes. The Hireology and BambooHR partnership shows a strategic focus from both companies as the HR world continues to see demand for integrated, end-to-end systems. Source: JobsPortalWatch
Freelancing platform Moonlighting is now open for business in Canada. Announced at the end of August, this is Moonlighting’s first foray outside the U.S. The company says its expansion to Canada is just the first phase of the company’s larger plan to grow its platform to meet the growing demand for freelancing worldwide. It plans on expanding to Europe later this year as well. Source: Joel Cheesman, ERE
Shine, a Paris, France-based management app for freelancers, raised €8m in Series A funding.
The round was led by XAnge with participation from existing investor Daphni and angels Gilles Samoun and Ed Zimmerman. The company, which previously raised €2.8m, intends to use the funds to continue to develop the app and expand its business reach. Co-founded by Nicolas Reboud and Raphaël Simon, Shine is building a toolkit for freelancers to manage their activity including a mobile bank account, a debit card, tax calculation, billing, and tax reminders. The app also enables users to register a company. Source: FINSMES
Market leading job board totaljobs, has announced a new integration with candidate personality and company culture matching platform Good&Co. The two StepStone owned companies are now fully integrated, meaning employers advertising on totaljobs are able to ask applicants to complete a psychometric test prior to interviewing them. Good&Co, a San Francisco based tech firm, was acquired by StepStone in 2016 and has access to the world’s largest psychometric database, with over 2.7 million profiles. Source: Media Release
Uniting Ambition (UA) has launched a new niche recruitment company, Uniting Cloud which specializes in recruiting for cloud technology specialists. Following recent investment, the Midlands headquartered company had been looking for an opportunity to promote its high-performing technology team and establish it as a market leader. Managing Director, Adam Wagster believed the only way to compete as a true specialist provider was to create a separate brand dedicated to building clients’ Cloud portfolios. The new brand will focus specifically on finding the best talent in cloud architecture and infrastructure and match them with innovative businesses. Source: OnRec
AI & Machine Learning
Circa 2118: What Will Humans Do When Machines Take Over – the must-read book of 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.
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 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, founded by Paradox.ai. 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 totally focused on the technology and applications of programmatic ad buying by both publishers and advertisers, founded by Appcast. See you next year!
• 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.