Rec Tech: the Recruiting Technology Podcast RecTech Headlines Feb 5th
Recruiting Technology Headlines
GoodJob today announced that it has raised $3M to fuel marketing and sales efforts in major markets across the U.S.
The company launched its web and mobile apps in June of 2020, primarily targeting the Birmingham, Ala. market. “Birmingham has been an ideal jumping-off point for us,” says CEO Stephen D. Johnston. “We’ve gotten great feedback from clients here that we’ve used to improve the product for a national audience.”
The two most popular tools for companies have been the vetting feature, which uses GoodJob’s machine-learning AI to quickly sort and filter candidates in a company’s pipeline and spot the best matches, and the PATH Assessment™, which allows companies to “clone” their top performers.
GoodJob for Candidates is available now in the App Store and Google Play. GoodJob for Employers is available online at http://goodjob.io/.
https://hrtechfeed.com/goodjob-secures-3m-in-funding/
ResumeSieve, Inc. announced the dates for a public Beta testing period, to evaluate the functionality of its innovative candidate evaluation tool, The Sieve™. Testing will run from February 8th through the 19th of 2021 and is open to all who are interested in improving recruiting productivity and getting a competitive jump with leading technology in the HR tech space.
Targeting small to mid-size businesses and recruiters, The Sieve™, improves the recruitment process, reducing time to fill and the cost per hire, through a compliant and repeatable scoring and ranking process. “Many jobs are filled manually, without the benefit of technology, relying on the time commitment of recruiters, HR Generalists, or even the business owners, taking away time that could be used running the business,” says Michael Yinger, CEO of the ResumeSieve. “The Sieve™ provides a fast and cost-effective way to drive new revenue and improve the recruiting experience for all parties in the process.”
The company offers a candidate evaluation tool which eliminates the need for manual resume sorting and evaluation and can complement the capabilities of other tools in a company’s HR technology toolset.
https://hrtechfeed.com/resumesieve-sets-dates-for-beta-testing-of-recruiting-enhancement-tool/
TPG Growth, the private equity firm which recently invested in Greenhouse Software, has announced that it acquired a majority stake in P20 Global Holdings Inc. (“People 2.0”), the leading pure play provider of outsourced global employer of record (“EOR”) and agent of record (“AOR”) services to market makers in talent. Financial terms of the transaction were not disclosed.
With a presence in more than 40 countries, People 2.0 is the leading, global enabler of workforce mobility, providing market makers in talent with an EOR/AOR platform that supports the deployment of workers anywhere, on demand, for any length of time, using one global master agreement. As the EOR/AOR provider, People 2.0 assumes a wide range of responsibilities including onboarding workers, managing employment risks, ensuring regulatory compliance, managing payroll, and administering worker benefits.
This marks the 2nd major investment by TPG Growth - last they also took a majority stake in Greenhouse software.
https://hrtechfeed.com/tpg-makes-majority-investment-in-people-2-0/
WorkStep, the company helping large supply chain employers, source, screen, engage, and retain their frontline workforce, today announced $17 million in funding led by FirstMark Capital, with additional participation from previous investor and strategic partner, Prologis Ventures. The infusion of capital, a combination of Seed ($6.7 million) and Series A ($10.5 million) funding, will be used to grow the team and continue to improve and expand its technology.
Founded in 2017, WorkStep supports supply chain companies by helping them find and retain their frontline workforce. From the industrial revolution through the COVID-19 pandemic, the supply chain workforce has been the backbone of the U.S. economy and has become increasingly critical to Americans’ daily lives – from food on a table to packages delivered on time. The pandemic made it clear supply chain labor demand will only continue to increase with the boom of ecommerce, and turnover will remain an ever-present challenge even during periods of higher unemployment.
Since its inception, WorkStep has deployed their technology to serve the needs of hundreds of large employers, including 16 of the Fortune 500, and reaching over 500,000 supply chain workers in the process.
https://hrtechfeed.com/workstep-raises-17-million-to-assist-supply-chain-employers/
Recruiter.com Group, Inc. the world’s largest network of recruiters, announced that it acquired Scouted.io, a venture capital-backed tech startup focused on unlocking human potential by developing deep insights into candidates using video screening and AI-based scoring algorithms.
Recruiter.com’s purchase of Scouted was successfully closed on 1/31/21 through an asset purchase agreement. Recruiter.com paid for the acquisition primarily in restricted common stock.
Scouted.io and its innovative predictive-matching algorithm are critical components of Recruiter.com’s growth plan. The acquisition unlocks a prestigious client roster — spanning top global hedge funds, venture capital firms, and tech giants — to accelerate revenue opportunities. Further, Scouted pairs an engaged user base of early- and mid-career professionals with a powerful data set of proprietary metrics and analytics. Scouted’s specialized database contains hundreds of thousands of talented professionals….These candidates rely on Scouted’s virtual interview platform to go beyond their resumes and present their stories’ full breadth.
Scouted’s CEO and Cofounder, Jacqueline Loeb, will join Recruiter.com as Senior Vice President.
https://hrtechfeed.com/recruiter-com-acquires-scouted-io-a-video-based-candidate-insight-platform/
Jobvite has launched its new Job Description Grader, a complimentary, online analytic tool used to review job descriptions and highlight areas that can be improved to create more inclusive job postings.
Jobvite’s new Job Description Grader helps TA professionals target the areas where bias appears in job postings, allowing them to adjust and present more inclusive descriptions. The powerful tool uses AI, data analytics, and benchmarks combined with current D&I best practices to analyze job descriptions and identify requirements, experiences, and language that may restrict an applicant pool during screening and evaluation.
Unlike other tools, Jobvite does not stop at gender bias, but also considers racial bias, insensitive word use, readability, and sentiment. Job Description Grader by Jobvite leverages multiple deep learning models to detect if and where a job description may favor, or bias against, a gender or race. As a result, organizations are able to improve the effectiveness and inclusiveness of the job descriptions to help increase applicant volume, increase diversity, and reduce time-to-hire.
https://hrtechfeed.com/job-description-grader-is-a-new-optimization-tool-from-jobvite/
RigUp, a workforce management solution for the skilled trades, is rebranding under a new name — Workrise — and corporate identity as part of the company’s rebranding efforts.
The term ‘Workrise‘ reflects the company’s evolution and growth both geographically and across industries, and more closely aligns with its core mission: to empower the people who get hard work done.
Xuan Yong, co-founder, and CEO said of the move. “Today, Workrise reflects our aim to bridge the skilled labor gap across industries, to leverage technology and data to empower skilled workers — and, in turn, the economy at large — so the U.S. can prepare for an infrastructure renaissance.”
Rigup got a ton of funding something like $450 million --- this move signals a change to broaden its scope in terms of the job market it service...no longer can they rely on the oil and gas economy to grow.
https://hrtechfeed.com/rigid-rebrand-workrise/
Indeed, the world’s number one job site, announced today that it will be airing its first-ever Super Bowl ad, which will highlight the emotional journey of job seekers at a time when many people are facing economic distress. As millions of Americans have lost jobs, this spot looks to provide hope by showcasing real people looking for a job and their challenges and triumphs along the way. The ad will air during the first quarter of Super Bowl LV.
“After nearly a year of uncertainty and high unemployment, Indeed wants to use this opportunity to remind Americans that there is hope in the job search process,” said Indeed CEO Chris Hyams. “While the pandemic continues to impact jobs and the economy, there are still companies hiring. Indeed is here to help all job seekers, no matter their background or experience, get jobs that align with their skills, passions and strength of character.”
This ad marks the launch of the company’s new brand campaign that will reflect its mission of helping people get jobs in today’s challenging job market. It will also demonstrate how Indeed is a full service online platform that can help all people through the process of finding a job, from resume creation, applying for jobs and interviewing, until they get hired. During and beyond the game, Indeed will take to social media with #NowHiring to point out industries, regions and companies with open roles, and will invite people to join the conversation.
https://hrtechfeed.com/indeed-offers-hope-to-job-seekers-with-companys-first-super-bowl-spot/
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