Rec Tech: the Recruiting Technology Podcast Headlines from Gr8 People, Bonusly, IHire, Vetty, Salary.com, PairIn
We’ll start in Denver: PAIRIN, a trusted technology partner to today’s leading workforce programs, governments and education systems, today announced the close of $2.1 million, the first tranche of its Series A investment round that will be used to support continued growth of the company and its My Journey platform.
“Everyone should have the opportunity to define their own future, regardless of their background. During this period in our nation’s history, supporting the organizations and professionals helping people along their career journey is more important than ever,” stated Michael Simpson, CEO and co-founder of PAIRIN. “We’ve worked tirelessly alongside our partners in government and education to simplify the processes by which Americans enter and excel in the workforce. This funding will allow us to accelerate rollouts and key features that help connect people to critical resources, education and career assistance in an increasingly volatile job market. The enthusiasm and support we’ve received from investors are indicative of the widespread need for this technology.”
The Series A funding will help support the company’s rapid growth and hiring initiatives. PAIRIN plans to grow its workforce by 33 percent in the next year with new hires in engineering, design and project management roles, among others. At this rate, the company expects to be cash-flow positive and double its current number of employees by the end of 2021.
PAIRIN is a social enterprise company with a mission to make education relevant and hiring equitable. My Journey is a workforce process management platform that personalizes career exploration, job matching and skill development for education, workforce programs and governments.
https://hrtechfeed.com/pairin-raises-2-1-million-series-a-funding-to-aid-american-workforce/
Salary.com, this week released Job Architect, a powerful job description management tool to keep job descriptions accurate and up-to-date — adding velocity to hiring the right people at the right pay. Job Architect can be used as a stand-alone product or as an integrated part of Salary.com’s leading CompAnalyst® platform.
Job descriptions are often created and stored in silos throughout an organization, creating challenges to hiring velocity and the overall strategy of talent management that often leads to the inaccurate pricing of jobs. Worse yet, over time, poor job descriptions make it difficult to retain valuable talent because compensation structures and skills sets are misaligned with the organization’s needs or expectations of employees.
“We’re seeing unprecedented upheaval in how companies are defining jobs and managing the work that people do,” said Kent Plunkett, founder and CEO of Salary.com. “Job Architect helps companies manage their job content library to get job descriptions right and optimize the performance of their people.”
https://hrtechfeed.com/salary-com-releases-job-architect-a-powerful-job-description-management-tool/
Vetty, a fast growing provider of an AI-based employee verification platform for gig-economy marketplaces and enterprises announced it is raising a Pre-Series A round of $4M USD.
The Pre-Series A financing builds on a successful year for Vetty which saw a rapidly growing roster of clients seeking a frictionless background screening option for verifying potential employees. Vetty is primed to capture market share in its fast growing industry sector by using these funds to grow sales and accelerate development of the platform. Vetty’s customers include industry leading companies such as Wag!, Bellhop and MASTERCLASS.
“As an industry, we’re just scratching the surface of the background verification market,” Subrat Nayak, Founder and CEO of Vetty said. “We are working hard to truly dominate this fast-growing market and 3Lines has been more than an investor for us. They have created tremendous value by bringing in their expertise in the AI-enabled tech startup world and guiding us to steer clear of the pitfalls, and working with us on formulating key business strategies. We are confident, with their expert guidance, that we will continue to find success.”
Vetty describes itself (https://vetty.co), as a fast-growing early stage company in the highly-fragmented background verification market with an AI-based employee verification platform for gig-economy marketplaces and enterprises to proactively manage hiring risks and enforce regulatory compliance.
https://hrtechfeed.com/employee-verification-platform-raises-4-million/iHire announces the general availability of its Virtual Outplacement Services. The recruiting technology provider’s Virtual Outplacement Services help companies assist laid-off and transitioning employees – including those impacted by the COVID-19 pandemic – with finding new jobs.
Drawing from more than 20 years of experience connecting candidates with the right jobs in 56 industries, iHire has combined personalized job seeker support with its best-in-class career management platform to add outplacement services to its solution suite. For employers, iHire offers affordable outplacement services to bring a unique, compassionate approach to handling layoffs as well as business closures, mergers, acquisitions, downsizing initiatives, and other situations that displace employees.
All outplacement packages provide transitioning employees with one-on-one virtual coaching sessions with a certified career coach, a new resume written by a certified resume writer, unlimited access to iHire’s platform with advanced job matching technology, and a personalized job search plan covering goals, assessments, interviewing, networking, and more.
https://hrtechfeed.com/ihire-announces-virtual-outplacement-services/
Bonusly, an engaging recognition and rewards platform that connects teams and enriches company culture, today announced it has received $9 million in Series A funding led by Access Venture Partners, joined by Next Frontier Capital, Operator Partners, and existing investor FirstMark Capital.
Bonusly’s recognition and rewards bolster morale and motivation, foster collaboration, and build social links and a greater sense of purpose for teams — all outcomes desperately needed now.
“When everyone in an organization participates in recognition and rewards, people feel a sense of purpose and see that their contributions are valued by their bosses, peers, and others on their teams,” said Raphael Crawford-Marks, co-founder and CEO of Bonusly. “Employee engagement and morale are more important than ever, and this round of investment validates the value of our solution in meeting the pressing people challenges of the current environment and into the future.”
The Bonusly solution connects people to their work and each other in meaningful ways. Founded in 2013, Bonusly provides a fun and easy way to help people feel a greater sense of alignment and purpose, understand what it means to embody a company’s core values, and see how contributions of all kinds support an organization’s mission.
https://hrtechfeed.com/bonusly-gets-9-million-for-employee-recognition-platform/
And finally…
GR8 People, a breakthrough One-Experience Talent Platform for the enterprise, announces the company’s Virtual Recruiting Event Solution is now free for the first 60 days for all new users.
“As the coronavirus outbreak became a global pandemic, GR8 People immediately provided talent acquisition with virtual recruiting event software at no cost as a way to support the profession during an extremely difficult time,” states CEO Diane Smith. “Initially, the program was to end in June, but given extremely high demand for the solution alongside continued economic uncertainty due to COVID-19, we are extending our support by giving customers their first 60 days free.”
The solution is ideal because it pairs with an organization’s existing web or video conferencing platform, which avoids having to invest in a tool they already have in place, and enables talent acquisition teams to seamlessly market and manage their virtual recruiting initiatives and ensure successful hiring outcomes in today’s unique recruiting environment. Recruiters can automate registrations and reminders, pre-screen and invite priority candidates to self-schedule, engage top talent with post-event communications, and measure their recruitment marketing tactics and event performance—all in one spot.
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