Rec Tech: the Recruiting Technology Podcast

PayFit, a leading payroll and HR management solution for SMEs, today announced that it has raised €254M in a Series E funding round, a record-breaking amount for a French human resources (HR) startup. General Atlantic, a leading global growth equity firm, led the round, with participation from existing investors Eurazeo, Bpifrance and Accel Ventures.  Since its founding in 2015, PayFit has gained over 6,000 clients, and has raised €179M to date https://hrtechfeed.com/french-startup-payfit-raises-e254m-for-its-payroll-hr-software/ Runway Growth Capital, a provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, today announced the close of a senior secured term loan commitment of $65 million to Snagajob.com, the marketplace for hourly jobs and shifts. The Snagajob deal marks another investment for the expanding Runway venture debt portfolio, which seeks to capitalize on a growing market opportunity in which larger, more established businesses are seeking debt financing in order to avoid dilution and additional equity rounds. The loan enables Snagajob to continue investing in its next-generation technology and drive growth on the tailwinds of an evolving hourly jobs market. https://hrtechfeed.com/snagajob-takes-out-65-million-dollar-loan/ Talent Inc., the leading digital resource and trusted advisor to job seekers worldwide, today announced its acquisition of Interview School, an innovative mock-interview software company that provides job seekers with up-to-date interview questions and AI-assisted feedback. As part of its global expansion strategy, this is Talent’s third transaction in the past eight months, since acquiring FlashRecruit in May 2021, and Imkey Holding B.V. (“Imkey”) and its global property Resume.io, a global subscription-based platform for online resume-building with 13 million customers, in June 2021. Launched in 2018, Interview School offers a suite of tools ranging from mock interviews with AI feedback, live interview coaching, and job tracking, including AI Coach, Live Coach, Performance Analysis, and Job Tracker. https://hrtechfeed.com/talent-inc-acquires-interview-school-to-empower-job-seekers-to-accelerate-their-careers-through-expanded-services/ Justworks expects to grant the underwriters a 30-day option to buy an additional 1,050,000 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is currently expected to be between $29.00 and $32.00 per share. Justworks intends to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “JW.” https://hrtechfeed.com/hr-software-platform-justworks-files-for-ipo/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Facebook is shuttering its public jobs marketplace. Alex Murphy, CEO of Jobsync stops by to talk about what happened. Learn more about your ad choices. Visit megaphone.fm/adchoices

TriNet, a leading provider of human resources solutions for small and medium-size businesses(SMBs), today announced it has entered into a definitive agreement to acquire Zenefits.  Details of the stock and cash transaction were not disclosed. Zenefits is a leading cloud HR platform which provides innovative and intuitive HR, benefits, payroll and employee engagement software purpose-built for small and medium-size businesses.  Through the acquisition of Zenefits, TriNet diversifies its product offering to include an Administrative Services Organization (ASO), enabling TriNet to dynamically service SMBs throughout their lifecycle.  Upon deal close, Zenefits will become a wholly owned subsidiary of TriNet and Francisco Partners will become a TriNet stockholder. TriNet is also expected to become a preferred supplier of PEO and HRIS services to Francisco Partners portfolio companies across the country after closing. The acquisition is expected to close in the coming months, subject to customary closing conditions, including the receipt of regulatory approvals. https://hrtechfeed.com/trinet-to-acquire-zenefits/ Company Now Valued at $1.5 Billion Paradox, the conversational recruiting platform built to give every recruiter, hiring manager, and talent professional an assistant to get work done, today announced a $200M Series C investment. The round was led by Stripes, Sapphire, and Thoma Bravo, and included participation from Workday Ventures, Indeed, Willoughby Capital, Twilio Ventures, Blue Cloud Ventures, Geodesic, Principia Growth, DLA Piper Venture Fund and current investor Brighton Park Capital.  Paradox’s vision is embodied by Olivia — the conversational AI assistant helping companies like Unilever, Nestle, McDonald’s, CVS Health, and General Motors automate tasks like candidate screening, interview scheduling, onboarding, and more through smart, simple, mobile-first experiences. In just five years, Olivia has helped 500+ global clients save millions of hours of manual work — freeing their teams up to spend time with people, not software.  https://hrtechfeed.com/paradox-raises-200m-series-c/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The crew wraps up the year in recruiting and HR tech. TOPICS What we'll remember about this year? Have we hit peak HR tech funding? What will hiring be like in 2022? Learn more about your ad choices. Visit megaphone.fm/adchoices

Clovers a human resources technology firm leveraging interview intelligence to improve interviewing and hiring practices, today announced Zoom Video Communications, Inc. has invested in the firm via its $100 million Zoom Apps Fund.  https://hrtechfeed.com/clovers-secures-investment-from-zoom-for-its-interview-platform/ HR technology company HiBob rolls out its Payroll Hub, a centralized dashboard on the Bob platform that automatically updates companies’ payroll data in real-time. Effectively managing payroll is one of the biggest pain points for HR teams and has become increasingly complex as workforces have become geographically dispersed and increasingly dynamic with a mix of both full-time and contract workers. The tool addresses this challenge directly with a user-friendly design and capabilities that allow companies to serve all workers – whether they are full-time, freelance, or in another country.  https://hrtechfeed.com/hibob-launches-a-payroll-hub/ GoodJob Software LLC announced that it has been named Company of the Year by HR Tech Outlook. The magazine publishes an annual list of the top ten human resources tech startups, and GoodJob came in at number one. https://hrtechfeed.com/goodjob-named-company-of-the-year/ SkillCat, a free training & jobs platform for skilled trade workers, today announced a $3.3 million seed round led by Omar Hamoui at Mucker Capital.  The investment brings SkillCat closer to its vision of placing one million blue collar workers into high-paying skilled trade jobs.  The investment brings SkillCat closer to solving two of the world’s biggest problems: 1) blue collar workers can’t find good jobs and 2) there is a massive skilled trade worker shortage. https://hrtechfeed.com/skilled-trade-worker-app-gets-3-3-million/ Sense, a market leader in AI-driven talent engagement and communication platform solutions for recruiting, today announced $50 million in Series D funding led by SoftBank Vision Fund 2.  “Sense’s founding mission to equip companies to engage with best-fit talent both quickly and effectively is more important than ever. Our work with hundreds of companies in the past year alone has enabled them to build great teams and compete for talent amid the pandemic,” said Anil Dharni, CEO of Sense.  https://hrtechfeed.com/sense-raises-50-million-in-investment-from-softbank/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Jobandtalent – a workforce marketplace that matches workers with temporary roles – announced it secured $500 million in equity investment from Kinnevik and SoftBank Vision Fund 2, closing out its Series E round. https://hrtechfeed.com/jobandtalent-lands-500m-to-expand-in-u-s/ Metaview the interview intelligence tool based in Londo has raised 6 million in new funding. This investment will “help us accelerate in our mission to power People decisions with truth by enabling us to rapidly grow our phenomenal team. We're hiring builders on all fronts: engineering, design, sales, marketing, customer success, and operations.” https://hrtechfeed.com/weve-raised-a-6m-seed-to-power-people-decisions-with-truth/ Upwork (NASDAQ: UPWK), the world’s work marketplace that connects businesses with independent talent, today announced the launch of its “The Perfect Fit” brand campaign. The campaign showcases how businesses can gain a competitive advantage and solve talent gaps exacerbated by the Great Resignation by tapping into Upwork’s network of high-skilled freelancers from around the world. https://hrtechfeed.com/upwork-launches-new-ad-campaign/ Glassdoor has announced three new executive appointments: Andy Chen as chief product officer, Rodrigo Oliveira as chief technology officer and Owen Humphries as chief financial officer. All appointments are effective immediately.  https://hrtechfeed.com/glassdoor-appoints-3-new-c-suite-execs/ iHire announces the launch of its Job Ad Builder, an intuitive, step-by-step tool that allows users to create modern job postings in less than five minutes – helping them attract top talent faster. Now available to registered employers, iHire’s Job Ad Builder is ideal for small and mid-sized businesses and busy recruiters with minimal time and resources for writing a compelling job posting. https://hrtechfeed.com/ihire-introduces-job-ad-builder/ Learn more about your ad choices. Visit megaphone.fm/adchoices

VideoMyJob CEO David Macciocca said on Linkedin this week that the Australian based video startup has raised $2 million in new funding. “With the new round of funding, we’ll accelerate our innovations that continue to make VideoMyJob the best video solution for Talent Acquisition, Employer Brand and Recruitment Marketing teams worldwide.” https://hrtechfeed.com/videomyjob-raises-2-million/  Workday, Inc. a leader in enterprise cloud applications for finance and human resources, has entered into a definitive agreement to acquire VNDLY, an industry leader in cloud-based external workforce and vendor management technology.  With VNDLY, Workday will provide organizations with a unified workforce optimization solution that will help organizations manage all types of workers—salaried, hourly, contingent, and outsourced—and support a holistic talent strategy, including insight into costs, workforce planning needs, and compliance. https://hrtechfeed.com/workday-to-acquire-vndly/ Jobvite has announced the speaker lineup for its free 2021 Recruiter Nation Live (RNL) event taking place on Tuesday, Dec. 7. Now in its 13th year, the event gives recruiters, talent acquisition (TA) leaders, and practitioners a half day of virtual education including best practices on candidate experience, recruitment automation, TA metrics, and other important strategies for successful recruiting in the new year.  Register at jobvite.com https://hrtechfeed.com/jobvite-announces-speaker-lineup-for-recruiter-nation-live/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Leslie McIntyre is one of my oldest friends int he HR industry, She has a new book about and a new HR consulting firm. https://culpeohr.com Buy her book: Framing Success: 20 Essential Lessons for Achieving Entrepreneurial Greatness... https://www.amazon.com/dp/B09C6KTJCH/ref=cm_sw_r_tw_dp_Z7WNZ2YNK4FEB0YTJVCM   Learn more about your ad choices. Visit megaphone.fm/adchoices

Linkedin now lets users choose which type of job preferences they want to be found for. These include on-site, remote and hybrid. It’s a sign that job types have permanently changed. User can now edit these settings in their profile. https://hrtechfeed.com/linkedin-adds-remote-work-preferences/ After acquiring Harver back in May, digital hiring solutions provider Outmatch rebrands to Harver and continues to develop the world’s leading volume hiring solution for hourly and professional roles. The unified Harver platform will combine the capabilities of both Outmatch and Harver, creating one powerful solution purpose-built to solve the complex volume hiring challenges organizations are facing today. “Outmatch’s extensive science and product capabilities, combined with Harver’s dedicated volume hiring solutions, have already proven to be a truly winning combination” said Jim Trimarco, Chief Revenue Officer of Harver. “We’ll move forward under the Harver brand, and together we can now provide a full-service solution that helps organizations not only overcome the challenges they face today, but also thrive in the years to come.” https://hrtechfeed.com/outmatch-rebrands-as-harver/ HiringSolved, the leader in AI-powered recruiting and talent acquisition solutions, today shared details of its newest product release designed specifically for staffing firms. Recognizing the need to make placements faster and keep talent engaged, HiringSolved expanded its solution’s search and match capabilities while adding features that help staffing teams grow their business. https://hrtechfeed.com/new-features-from-hiringsolved/  QuickHire, a career discovery platform working with service workers to find job and advancement opportunities, announces an oversubscribed $1.41 million financing round, led by MATH Venture Partners. Currently, QuickHire targets workers and businesses in the metro areas of Wichita and Kansas City. The company plans to expand across the Midwest and add skilled-labor verticals in 2022.  https://hrtechfeed.com/service-industry-career-platform-quickhire-raises-1-4m-to-tackle-great-resignation/  Crosschq, maker of the Talent Intelligence Cloud™ powering data-driven hiring and people analytics, announced a strategic investment from Okta Ventures and leading HR talent executives as part of its Series A extension. The investment comes on the heels of the company’s $30Mfinancing led by Tiger Global in September. https://hrtechfeed.com/crosschq-attracts-new-strategic-investment-from-okta-ventures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

New research from InFlight Corp suggest employers still have too long of an apply process. Designing and executing a quantitative study of your company’s apply flow is a complicated undertaking. Many organizations have pieced together in-house and external systems to achieve their intended goals without considering the overall quality of the candidate experience. With so much competition for workers, organizations cannot afford to have systems that provide a candidate experience that undermines their talent attraction goals.” InFlight’s research report is complimentary. To download the report, please visit: https://www.inflightintegration.com/apply Learn more about your ad choices. Visit megaphone.fm/adchoices