November 9-15: Dice reports tech hiring stabilized in Q3, Zoom competitor Hopin raises $125 million, Metaview launches Interview Metrics to track interviewer performance, Infosys execs opine that big job boards are failing both employers and job seekers, scientists push back on Google AI claims, a new survey finds that more candidates are asking about mental health benefits, Juggle grabs $2.1 million to expand flexible work marketplace. The ball just keeps on rolling.
Q3 Dice Tech Job Report Suggests Stabilization in Technology Hiring
After a second quarter fundamentally disrupted by the pandemic, new data from the Dice Q3 Tech Job Report suggests overall stabilization in technology hiring during the third quarter of 2020. The report, released by technology professional career hub Dice (a DHI Group, Inc. (NYSE: DHX) brand), provides exclusive statistics and analysis on the tech hiring landscape, including top cities and states, top employers and the most sought-after skills and occupations. Overall, the report shows that while the industry was certainly not immune to the far-reaching impacts of COVID-19, more positive technology hiring trends may be on the horizon. In a promising development, more than two-thirds of top employers increased job posting volumes in third quarter. Additionally, senior-level roles gained momentum, a possible indication that a larger number of mid-level postings will follow in the coming months. Although tech job postings were down 7% for the third quarter compared to the prior quarter, postings were virtually flat from August to September.
Zoom Competitor Hopin Announces $125 million Series B
We’re announcing that we’ve raised $125 million in Series B funding led by IVP and Tiger Global and joined by Coatue and DFJ Growth, along with our returning investors Accel, Northzone, Salesforce Ventures, and Seedcamp. All told, we’ve raised $171 million since February. This investment will help us grow our community, scale our operations, innovate against our most ambitious goals, and shape the landscape of virtual events as a clear leader in the category. [In addition], we’re also announcing the beta launch of Hopin Explore, a virtual events marketplace where individuals, communities, companies, and friends can discover and explore virtual and hybrid events from anywhere around the world. At the time of this writing, there are more than 15,000 monthly events available to our users, and by the time you read this, there will be quite a few more.
Metaview Interview Metrics launch
Metaview, the Interview Intelligence Platform, today announced the launch of Interview Metrics, a new product that focuses on accessing data on job interviews to make them fairer and more effective. By recording and automatically analysing interviews, Metaview’s Interview Metrics enables organizations to access empirical data on how consistent and rigorous their hiring processes are for the first time. This launch is a major step for Metaview on their mission to reimagine how exceptional organizations build teams. Metaview was founded by team-builders from Palantir and Uber after they observed first-hand that interviews are the most outcome-defining step in any recruitment process.
The Big Job Boards Are Failing Employers and Candidates
“Today’s big job boards don’t have any appeal left. They’ve gone through some staggered facelifts, but they aren’t dramatically different than they were when first introduced as a radically new way to search for jobs in place of classified ads. As a result, they have significantly amplified jobseekers’ already high stress levels during the pandemic. There are, of course, some sites that are doing a better job than others. LinkedIn has certainly revolutionized (sic) enabled a “job that comes to you” approach through employment history, profile personalization, recommendations, connections, and most importantly, user-generated content. Indeed, meanwhile, is increasingly using insights to steers (sic) applicants and employers alike. Still, LinkedIn, Indeed, and other sites still seem to be a few crucial steps away from creating a truly personalized candidate experience.
AI is wrestling with a replication crisis
Last month Nature published a damning response written by 31 scientists to a study from Google Health that had appeared in the journal earlier this year. Google was describing successful trials of an AI that looked for signs of breast cancer in medical images. But according to its critics, the Google team provided so little information about its code and how it was tested that the study amounted to nothing more than a promotion of proprietary tech. “We couldn’t take it anymore,” says Benjamin Haibe-Kains, the lead author of the response, who studies computational genomics at the University of Toronto. “It’s not about this study in particular—it’s a trend we’ve been witnessing for multiple years now that has started to really bother us.” Haibe-Kains and his colleagues are among a growing number of scientists pushing back against a perceived lack of transparency in AI research. “When we saw that paper from Google, we realized that it was yet another example of a very high-profile journal publishing a very exciting study that has nothing to do with science,” he says. “It’s more an advertisement for cool technology. We can’t really do anything with it.”
Candidates Ask More Questions About Mental Health Coverage
Candidates are asking more questions about mental health benefits, accommodations for working parents, and Covid-19 safety protocols, recruiters say. In addition, a third of recruiters report receiving more questions about diversity and inclusion initiatives than they did last year. According to Jobvite’s 2020 Recruiter Nation Survey, 71% of recruiters said priorities on the employer side have changed, as well. Organizations are putting greater emphasis on quality of hire. At the expense of growing talent pipelines and improving time to hire. Not surprisingly, 61% of recruiters said their stress level has increased since the pandemic began. With 1 in 5 reporting a drastic increase. Covid-19 has also led to diminished headcount and cutbacks on hiring for about one-third of organizations.
Juggle secures $2.1M to expand its ‘flexible work’ SaaS marketplace for senior execs
As we’ve seen, some startups are pivoting to re-model themselves for the radically different world of the COVID-19 pandemic. But others literally turned out to have a business model which, although they could never have realized it at the time, might have been (almost) tailor-made for this era. A fascinating example of this is SaaS marketplace Juggle. Originally designed as a marketplace to allow executive-level women to re-enter the world of work in a flexible manner after having a family, it later expanded into a wider market for anyone wanting to work flexibly and for employers who need that kind of workforce. But with the world of work totally upended by the pandemic, “flexibility” is literally now the name of the game. Juggle has now disclosed its funding of $2.1 million from investors in the U.K. and the U.S. Investors include a number of the U.K.’s leading angels, and also include Oxford Capital, Social Capital and 7percent Ventures. The other investors are: Andrew Gault (who backed Oculus), Andreas Mihalovits (a serial investor), Andrew J. Scott, (who backed Magic Pony), Charlie Kemper (who backed Casper), Charlie Songhurst, Curtis Chambers (an early Uber employee), Pip Wilson (an entrepreneur and investor) and Rajiv Kapoor (East coast investor).