Rec Tech: the Recruiting Technology Podcast

UKG made two big announcements this week in conjunction with their customer event UKG Aspire. First they announced the launch of the UKG Pro® Talent Marketplace solution, an AI-powered talent management application designed to fill critical labor gaps for the business while opening doors to new career opportunities for frontline employees and knowledge workers alike. https://hrtechfeed.com/ukg-launches-ai-powered-talent-marketplace/ UKG also announced several enhancements to make the all-in-one UKG Ready® HR suite more intelligent and even simpler to use.  Recruit Co., parent company of Indeed and Glassdoor has released results for the Quarter ending Sept 30th. Revenue for Q2 FY2024 increased 10.0% and on a US dollar basis, revenue increased 6.3%. https://hrtechfeed.com/indeeds-latest-earnings-report/ SocialCrowd which automatically tracks employee progress towards goals, reminds them of the work they have left, and rewards them instantly – has raised $2.5M in new funding. https://hrtechfeed.com/workforce-engagement-tool-gets-2-5m/ DHI Group, Inc. (NYSE: DHX) announced financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights(1) Total revenue was $35.3 million, down 6% year over year. ClearanceJobs revenue was $13.4 million, up 6% year over year. Dice revenue was $21.9 million, down 12% year over year https://hrtechfeed.com/dhi-group-reports-2024-3rd-qtr-results-announces-cfo-transition/   Learn more about your ad choices. Visit megaphone.fm/adchoices

Veritone recently  released its analysis of Q3 aggregated U.S. Jobs Report,... the research is in conjunction with Aspen Tech Labs…one of the findings was a continued increase in AI jobs….here to talk about that is the GM of Veritone Hire Alex Fourlis. TOPICS 1. New research has come out indicating a growing demand for AI-related jobs. Can you share some of the findings? In Q3, there were 31,610 vacancies in artificial intelligence jobs, a 6.6% increase from Q2 2024 and a 37.5% increase over the past 12 months.  2. Salaries for AI Jobs? In Q3 2024, the median annual salary for AI-related roles was $31,803, 25% higher than for non-AI IT positions. For example, AI-focused software developers were offered an average salary of $166,358, compared to $140,400 for their non-AI counterparts, reflecting a premium of nearly 19% for AI expertise. Among the top 10 U.S. states with the highest number of AI roles, California, New York and Virginia stood out with the largest average salary gaps between AI and non-AI IT roles. The differences in these states were $37,242, $34,154, and $25,095, respectively. 3. Beyond software developers what other types of AI jobs are available? 4. What kind of AI jobs does Veritone have in house? 5. What's one AI tool out there that is interesting to you when it comes to hiring?  6. How is Veritone Hire leveraging AI these days? 7. AI is being baked into all kinds of hiring tools,(generative + matching) how will all these software companies differentiate themselves if they all have similar AI functionality?   Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode is sponsored in part by Dalia.co and FastTalent.com Alright rec techies …..here’s whats happening this week.Lets start with earnings… Ziprecruiter Quarterly revenue of $117.1 million Quarterly net loss of ($2.6) million, or net loss margin of (2)% https://hrtechfeed.com/ziprecruiter-posts-quarterly-revenue-of-117-1-million/ At Upwork Revenue grew 10% year-over-year to $193.8 million in the third quarter of 2024 Active clients grew 2% year-over-year to 855,000 https://hrtechfeed.com/upwork-reports-third-quarter-2024-financial-results/ At Fiverr Revenue for Q3ʼ24 was $99.6 million, up 8% y/y, accelerating from 6% y/y growth in Q2ʼ24. We saw the demand trends stabilize to some extent from the volatility we experienced last quarter, but it is important to note that overall SMB sentiment and hiring environment continues to be challenging. https://hrtechfeed.com/fiverr-reports-strong-q3/ Lever  announced that Apply Connect, an ATS integration available between LinkedIn and Lever, is designed to help companies attract up to three times more qualified candidates and address obstacles in the hiring lifecycle — from improving the candidate application experience to making recruiting workflows more efficient. https://hrtechfeed.com/lever-integrates-with-linkedin-apply-connect-to-support-hiring-success/ Employ Inc., has announced the promotion of Stephanie Manzelli to Chief Human Resources Officer. https://hrtechfeed.com/employ-inc-names-new-chro/     Learn more about your ad choices. Visit megaphone.fm/adchoices

We are excited to share our Q3 U.S. Jobs Report, offering key insights about the U.S. labor market in the third quarter of 2024. The data in this report comes from Aspen Technology Lab’s JobsIndex, which aggregates daily vacancy information from more than 200,000 company career sites, ensuring you receive the most accurate and up-to-date information. Overall, this quarter, vacancies continued their upward trend from Q2. Total job listings ticked up 0.5 percent QoQ, or by roughly 30,000, but are still down 4.5 percent YoY. Q3’s numbers show positive momentum, with full-time salaries and salary transparency on the rise. DOWNLOAD  Learn more about your ad choices. Visit megaphone.fm/adchoices

This week in Rec Tech is sponsored by Dalia.co and FastTalent.com -------------------------------------------------------------------------- Workforce intelligence platform REEJIG ,unveiled its advanced Workforce Intelligence Suite capabilities powered by its proprietary Work Ontology™ and independently audited Ethical AI. https://hrtechfeed.com/reejig-symphony-talent-launch-new-features/ isolved®, the SMB focused  (HCM) platform, announced several talent-focused product releases and roadmap innovations during its Virtual  Connect conference this week. https://hrtechfeed.com/isolved-announces-enhancements-that-improve-candidate-experience-increase-talent-pipeline/ TalentNeuron, a Leeds Equity portfolio company, today announced the acquisition of HRForecast, a Munich-based provider of strategic workforce planning and skills management software. The acquisition extends TalentNeuron’s strategic workforce planning capabilities beyond any solution in the market today. https://hrtechfeed.com/talentneuron-acquires-hrforecast/ PHOENIX, AZ — Toothio, the leading digital staffing marketplace for the dental industry, today announced $5 million in additional financing led by nvp capital and Craft Ventures. https://hrtechfeed.com/dental-staffing-marketplace-raises-5-million/ A new integration between PCRecruiter and Zoom offers recruiting professionals a more efficient way to manage their voice communications. https://hrtechfeed.com/pcrecruiter-announces-integration-with-zoom/   Learn more about your ad choices. Visit megaphone.fm/adchoices

In this replay of a Dalia webinar the Director of TA for Shake Shack will describe ther hiring strategies. Moderated by Dalia'a Mikeala Fitzwilliam. https://www.dalia.co/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Sponsored by Dalia.co and FastTalent.com Upwork Stock (NASDAQ:UPWK) jumped after the freelance marketplace announced a workforce reduction to reduce costs and preliminary Q3 results that exceed the top end of guidance. https://seekingalpha.com/news/4195098-upwork-surges-after-workforce-reduction-preliminary-q3-results-announcement Sapia.ai, the world’s only Smart Interviewer™ platform powered by AI, today introduced Phai™, an AI-driven career coach that fits in your pocket. Phai™ combines cutting-edge conversational AI with Sapia’s proprietary dataset to empower job seekers and employees. https://hrtechfeed.com/sapia-ai-unveils-ai-career-coach-for-job-seekers-and-employees/ Employ announced the release of the Employ Recruiter Nation Report 2024. The annual report, this year titled “Empowering People-First Recruiting,” leverages findings from a survey of more than 1,200 talent acquisition decision makers and recruiters in North America and proprietary recruiting data from 22,000+ Employ customers.  https://recruitingheadlines.com/employ-recruiter-nation-report-2024/ iCIMS, a leading provider of talent acquisition technology, announced availability of its fall release today, largely inspired by customer feedback… CodeSignal, a leading skills intelligence platform, today announces the launch of AI Interviewer for Sales, an AI-powered interview solution designed to help companies hire the best sales talent faster.  https://hrtechfeed.com/new-hr-tech-from-icims-codesignal/ Chipotle Mexican Grill (NYSE: CMG) announced today that it is partnering with Paradox to introduce a new platform that will make hiring employees more efficient for its restaurant teams. Paradox’s conversational hiring system will enable the General Managers in Chipotle’s restaurants to spend less time on administrative tasks, including collecting basic information from candidates and scheduling interviews, and allow them to focus on their day-to-day operations and providing excellent hospitality for guests. https://recruitingheadlines.com/chipotle-teams-up-with-paradox/   Learn more about your ad choices. Visit megaphone.fm/adchoices

FastTalent maximizes talent acquisition efficiency with automated job distribution and targeted ads, leveraging real-time market intelligence and transparent ROI tracking. https://www.fasttalent.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode is sponsored in part by Dalia.co and FastTalent.com Bullhorn Ventures has invested in Staffing Referrals, the leading automated referral management (ARM) platform. This partnership will help staffing agencies source higher-quality talent by digitizing and scaling their existing referral programs. https://hrtechfeed.com/bullhorn-ventures-invests-in-staffing-referrals-to-automate-and-scale-agencies-referral-programs/ Bullhorn, the global leader in software for the staffing and recruitment industry, today announced it now offers enterprise-level staffing firms a fully configurable, end-to-end solution designed to increase operational efficiency and decrease overhead.  The solution combines Bullhorn for Salesforce Application Tracking System (ATS) with Bullhorn Middle Office, which supports staffing firms and recruitment agencies with innovative tools from talent sourcing to client billing and beyond. https://hrtechfeed.com/bullhorn-partners-with-eliassen-group-to-deliver-an-advanced-front-to-back-solution/ SmartRecruiters has unveiled “Winston”, their new AI-powered recruiting companion. Winston doesn’t just reduce administrative tasks — he eliminates them entirely.  From screening candidates and scheduling interviews to sending follow-up notes, Winston frees hiring teams to focus on the most human part of the process — the interview. This launch marks a step forward in SmartRecruiters’ vision of “SmartRecruiters 3.0”, signaling the end of the traditional ATS and the beginning of an AI-driven era where hiring teams can achieve superhuman results. https://hrtechfeed.com/smartrecruiters-unveils-ao-copilot-named-winston/ Upwork , the world’s work marketplace that connects businesses with independent talent across the globe, this week released a collection of new products, features and partnerships to transform how businesses and professionals find each other, hire, collaborate, manage and pay for work. https://hrtechfeed.com/upwork-expands-ai-innovation-and-unveils-new-solutions-for-better-work-outcomes-with-upwork-updates-fall-2024-release/ ADP® announced that it has acquired WorkForce Software, a premier workforce management solutions provider that specializes in supporting large, global enterprises. This acquisition will expand ADP’s global offering of workforce management solutions and enable future innovation in the space. https://hrtechfeed.com/adp-acquires-workforce-software/   Learn more about your ad choices. Visit megaphone.fm/adchoices

Join the JobSync team as Gary Noke, President and CEO at Ninjio illuminates the path to building a thriving, talent-focused organization through his expertise and visionary leadership.. Learn more about your ad choices. Visit megaphone.fm/adchoices