Rec Tech: the Recruiting Technology Podcast Headlines from Gem, Jobcase, Glassdoor, Sift, Circa, Knockri
Gem, a software platform for modern recruiting, today announced it has raised a $37 million Series B investment led by Greylock with participation from existing investor Accel, to double down on product innovation. This brings the total capital raised by Gem to $48 million. Gem is also launching Diversity Analytics, a new feature aimed at helping companies build diverse teams by giving them unparalleled visibility into the hiring funnel.
Up to 80% of recruiting happens prior to a candidate applying for a role, meaning that recruiters and hiring managers are spending the majority of their time finding, nurturing and gaining the confidence of prospective candidates. Despite this effort, there’s been no way for teams to track and manage all their work before Gem’s all-in-one recruiting platform.
“With Gem, our customers can build relationships with talent, ultimately filling open roles faster. The strong word-of-mouth growth among recruiters helped contribute to 4X revenue growth in 2019, and our best quarter yet in 2020,” said Steve Bartel, Co-Founder and CEO of Gem. “With this latest investment, we’re thrilled to continue expanding Gem’s product to help our customers meet their hiring goals, including through our newest feature, Diversity Analytics.”
Gem’s platform integrates with LinkedIn, email, and customers’ Applicant Tracking Systems (ATS). Its Chrome extension allows recruiters to source, get visibility into the entire history of a prospect’s interactions with team members, personalize messages, and schedule automated follow-ups—all without ever leaving a LinkedIn profile. Gem’s CRM gives talent acquisition leaders data about their teams’ performance, allowing them to better plan for, and achieve, their hiring objectives. With Pipeline Analytics, teams can measure things like time-to-hire for a particular role in a specific geography, or understand how many candidates they need in every stage of the funnel in order to meet their hiring goals.
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Jobcase, Inc., provider of a social platform dedicated to empowering and advocating for workers, has announced a significant new capital investment, with Providence Strategic Growth (PSG) acquiring a majority stake and Workday Ventures participating as a strategic investment partner. The investment includes $30 million of primary capital to accelerate Jobcase’s product development, member services, and employer partnerships. In addition, Jobcase is joining the Workday Software Partner Program.
Jobcase is currently the third largest online destination for career services in the U.S. (as rated by Comscore), with more than 110 million registered members and 20 million monthly active unique users. As a community of “people helping people,” Jobcase seeks to provide the critical support that America’s workers need today to face unprecedented challenges.
This investment and these partnerships will further support innovation like Jobcase’s recently released features – including virtual hiring events and an onsite unemployment resource center – to help workers and employers navigate their way through both existing work-life challenges and those that the COVID-19 pandemic has created. The funding will also transition controlling ownership of the company to PSG, Workday Ventures, and existing investor Savano Capital Partners, and exit long-time shareholder Link Ventures.
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Glassdoor - is partnering with their sister company, Indeed - the world's #1 job site, to provide new offerings to help employers attract, recruit and hire quality talent more efficiently.
The two companies, while remaining separate with distinct brands and operations, became sister companies when Recruit Holdings, parent company of Indeed, acquired Glassdoor in 2018.
We know that companies who tell their story well turn relevant candidates into hires. Employers will now have the opportunity to reach an unmatched audience of over 80% of U.S. online job seekers*, across industries, education levels, and years of experience. This partnership also allows Glassdoor to focus on our strength - workplace transparency - in order to help both job seekers and employers make more informed decisions.
"We are excited to partner with Indeed to further improve the talent attraction and hiring process for employers," said Glassdoor CEO, Christian Sutherland-Wong. "The combined strength of our two brands will help employers tell their story and hire quality candidates at scale easier."
Greater Hiring Efficiency and Streamlined ExperienceNew offerings available immediately include:
- Job Postings: Employers will now be able to reach job seekers on both Glassdoor and Indeed through Indeed job advertising products.
- Select Branding Bundle: This co-branded sales bundle of employer branding products includes Glassdoor's Employer Profile offering and Indeed Company Pages Premium and enables employers to tell their authentic company story across both platforms in order to attract and hire relevant talent.
Both companies will work closely together within the areas of sales and customer support to streamline the employer customer experience, while leveraging the unique strengths of each platform.
Beginning this fall, employers will be able to access reviews and ratings from both Glassdoor and Indeed within the Glassdoor Employer Center.
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Sift, the modern people directory on a mission to make work more human, today announced the successful completion of a $3 million Series A round of financing. The investment is led by Detroit-based Rock Holdings and will be used to expand Sift’s sales and marketing teams as they respond to rising demand from a marketplace hungry for digital workplace solutions in the wake of COVID-19. Sift is also announcing that Mike Malloy, Chief Amazement Officer at Rock Central and Jared Stasik, Partner at Detroit Venture Partners will be joining Sift Board of Directors.
“Sift is an excellent tool that is uniquely suited to meet this moment of digital-first workspaces,” says Jay Farner, CEO of Rock Holdings. “More than ever, organizations across all sectors need user-friendly technology that allows people to navigate their enterprise. Sift makes it simple to find and understand the roles, responsibilities and personalities of colleagues so they can work better together. We are delighted to help propel Sift into their next chapter.”
Sift integrates with existing HR data systems, collects additional information from team members and LinkedIn, and works as a stand-alone solution or embeds seamlessly into your intranet. learn more, justsift.com
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LocalJobNetwork™, a company which operates 600+ local job boards has announced a rebrand as Circa.
The company’s research shows that employers are shifting from diversity as a program to diversity as a business strategy. This repositioning better aligns its products and solutions to a core underlying diversity mission.
For organizations, especially OFCCP federal contractors, diversity is no longer about checking a box. It’s about generating results. Circa’s diversity recruiting technology and outreach management platform focus on job seekers from racial, ethnic, minority, veteran and disabled groups, giving companies solutions to find, hire and manage diverse workers.
As part of the rebrand announcement, Circa is also launching product enhancements the week of July 27, 2020.
1) PoweredBy 2.0 with a new modern look to seamlessly integrate a career page into a company’s website. Improved job seeker experience from searching open positions to the application process.
2) Outreach Management Dashboard – an interactive dashboard visually showing the results of employer-initiated outreach. Includes results from jobs sent through the system linkage agents and VetConnect™. Provides contact information for the outreach partner.
Circaworks.com
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In toronto, Knockri, a leading developer of artificial intelligence video-based soft-skill assessment and talent mobility solutions, today announced it has closed an oversubscribed seed round of $2.15 Million USD led by Differential Ventures with participation from Bertelsmann Investments, Grand Ventures, and others to transform talent acquisition and increase diverse hiring.
Headquartered in Toronto, Ontario, Knockri has enabled Fortune 500 customers in technology, consulting and pharma to assess thousands of candidates worldwide, reduce hiring bias and eliminate unsuccessful interviews
Knockri’s hiring solution assesses skills of candidates by merging industrial-organizational (I-O) psychology and artificial intelligence to better quantify key performing skills for a job role. The company was founded in 2016
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