Rec Tech: the Recruiting Technology Podcast

SmartRecruiters, the recruiting software that I was once a client of announced it closed a $110 million Series E round led by Silver Lake Waterman with participation from existing investors... The new capital brings the company’s total amount raised to $205 million, with a valuation of $1.5 billion. This financing round comes on the heels of strong momentum for SmartRecruiters. In the last 12 months, the company has experienced 70 percent bookings growth behind its expanding product set—with new messaging and analytics capabilities built on its modern talent acquisition platform.  The new funds raised will be used to accelerate product development for SmartRecruiters’ leading talent acquisition suite in the areas of intelligence, automation and conversational interfaces. SmartRecruiters will also continue to expand go-to-market efforts across US, EMEA and APAC, and will provide on-the-ground support for its growing customer community and partner ecosystem. https://hrtechfeed.com/smartrecruiters-raises-110-million-now-valued-at-1-5-billion/   The newest player on the funding scene is a company Called CENSIA    Censia, a provider of Talent Intelligence technology, announced it has raised $21M in Series A funding in a round led by Marbruck Investments. Marbruck joins other existing investors bringing the company’s total funding to over $30 million.  With this funding, Censia will expand go-to-market efforts, scale their API-first offering, and continue product innovations for talent acquisition and workforce planning powering HR technologies of the future with AI.  https://hrtechfeed.com/cemsia-raises-21m-in-series-a-funding-to-bring-bias-free-intelligence-to-human-capital-management/    Indeed, the world’s number one job site, announced that all jobs posted directly to its platform can add video interviewing options, for both free and sponsored jobs, for no additional charge. This new capability streamlines the hiring process, reducing the time it takes to get candidates to first interviews. All interviews take place on Indeed’s proprietary interviewing technology Indeed Interview, which has been designed specifically for interviewing. Since there is no software to download, all job seekers and employers need to do is click a unique link and start interviewing. Indeed has hosted more than half a million video interviews to date.  https://hrtechfeed.com/indeed-expands-free-video-interviewing-options-to-all-jobs-posted-on-site/   Greenhouse, the hiring software company, has introduced Job Ad Market, a new functionality that offers customers instant access to thousands of global job boards from within Greenhouse.  For users you can  Diversify your sourcing strategy by buying individual, pay-as-you-go job listings at competitive rates  Receive recommendations on the highest performing job boards based on historical and industry performance, job function or region https://hrtechfeed.com/greenhouse-launches-job-ad-marketplace-with-1000-job-boards/   Veritone, Inc. a publicly traded company and creator of the world’s first operating system for artificial intelligence, announced it signed an agreement to acquire PandoLogic, Inc, a leading provider of intelligent hiring solutions. Based in new york Total consideration of $150 million on a cash and debt free basis, payable in Veritone cash and stock, with performance earnouts through fiscal 2022. Pando’s investors sold the comapny for essentially 3X yearly revenue. The acquisition is expected to be immediately accretive, with PandoLogic generating over $50 million in SaaS and related GAAP revenues and over $25 million of EBITDA on a pro forma 2021 basis. https://hrtechfeed.com/pandologic-acquired/ Learn more about your ad choices. Visit megaphone.fm/adchoices

A deep dive into what into TikTok new recruiting experiment. Learn more about your ad choices. Visit megaphone.fm/adchoices

 isolved has acquired predictive people analytics platform TrenData HR. The combination helps business leaders and HR professionals move from reactive to proactive human capital management (HCM) using sophisticated insights, simply delivered. The acquisition will help organizations of all sizes  – to maximize business and people outcomes from their HR data. TrenData HR harnesses external data sources and aggregates them with information from internal systems, applying sophisticated predictive artificial intelligence (AI) models to produce powerful visual insights wherever and whenever they’re needed.  https://hrtechfeed.com/isolved-acquires-predictive-people-analytics-provider-trendata-hr/ Remote, a leading HR tech platform and provider of global employer of record services and international contractor management, today announced it has raised a $150 million Series B round led by Accel. The shift to distributed employment created unprecedented demand for Remote’s services: since their $35 million Series A in November 2020, Remote grew its customer base by 7x and increased its users by more than 10x. Remote’s revenue has grown by 65x over the past year, and employee headcount has gone from 50 to 220 employees working remotely in 45 countries since November 2020.  Remote is the only Employer of Record (EOR) that owns 100% of its global infrastructure, has legal entities in more than 50 countries with plans to have fully operational legal entities in more than 80 countries by the end of 2021, and in the rest of the world by the end of 2022. https://hrtechfeed.com/remote-raises-150-million-series-b/ WayUp, a sourcing platform for diverse candidates, announced that it is merging with Yello, a recruitment software company. The two HR tech companies will operate under Yello as a legal entity but continue to keep their independent branding with a now combined 200 employees. Students but now they brand themselves as a DE&I platform.  The WayUp database will evolve to be the sourcing arm of Yello’s campus recruiting solution. It provides a diverse database of over 6 million candidates, including:  Recent graduates and students from across the country who attended over 7,000 campuses 71% Black, Hispanic or female candidates as well as tens of thousands of veterans Candidate self-reported data on major, location, campus, graduation, gender, ethnicity and more “In addition to offering a powerhouse of data, recruiters will benefit from the automation opportunities of two solutions from a single company,” said Corey Ferengul, CEO, Yello. “We are beyond excited to have the WayUp team joining Yello and we believe that together we will offer unparalleled capability to match employers and candidates in the campus and early talent world.” https://hrtechfeed.com/early-career-marketplace-wayup-merging-with-yello/ Hireology, a leading recruitment CRM built for multi-location, decentralized enterprises, today announced the acquisition of employee referral technology provider, EmployUs.  EmployUs is a modern employee referral software that empowers organizations to leverage their employees and their networks to help hire. Based in Raleigh, North Carolina, Emplyus has 6 employees according to linkedin https://hrtechfeed.com/hireology-acquires-employee-referral-platform/ MILWAUKEE – Today, Infosoft Group, LLC, dba Circa, announced the purchase of Colorado-based LatPro, Inc., dba DiversityJobs, a leading diversity recruitment and OFCCP HR compliance technology solutions provider, which will become a subsidiary of Infosoft. https://www.jobboardsecrets.com/2021/07/14/circa-acquires-diversityjobs-com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Shane Metcalf is the Chief Culture Officer at 15five. We talked about how the great resignation now underway in the labor market is affecting companies ability to attract and retain workers as well as what you can do about it for your organization. Learn more about your ad choices. Visit megaphone.fm/adchoices

LinkUp, the leading provider of global job market data, announced their recruitment advertising and job search business has been rebranded as Getwork. Getwork will continue to be powered by LinkUp’s labor market data business and its innovative, proprietary technology that indexes millions of verified jobs every day directly from employer career sites. As a separately branded business, Getwork will be entirely focused on connecting job seekers with the companies they want to work for. Getwork will provide jobseekers with the most streamlined search of the highest quality job listings, as well as offer solutions for employers in search of top-quality talent, like pay-per-click and targeted marketing campaigns, an extensive partner network, and valuable analytics to optimize recruitment strategies. LinkUp will continue to service data clients with the most accurate, real-time, and predictive job market data. LinkUp’s dataset includes 4 million daily active job listings from 60,000 companies and contains more than 20 unique job and company-level attributes and identifiers, including job title, job URL, company name, location, occupation code, sector code, ticker, reference data, and more. https://hrtechfeed.com/linkup-launches-getwork-rebrand-of-their-recruitment-advertising-and-job-search-business/ Mave, a new software sales career platform, launched today to help software companies discover top sales talent and sales professionals filter companies and opportunities that match their sales experience.  With Mave’s employer branded profiles, companies can showcase their team, perks, and company information to prospective software sales job seekers. Mave’s focus is critical to helping software sales companies keep up with the increasing demand for technology and software from consumers and businesses nationwide.  To learn more about Mave, visit www.joinmave.com. https://hrtechfeed.com/software-sales-professionals-have-a-new-career-platform/ Symphony Talent, a recruitment marketing technology company that helps recruitment teams automate tasks for efficiency and empower smarter candidate interactions, announced the launch of SmashFlyX Events. This new module centralizes, manages and automates virtual and in-person recruitment events and activities from pre-registration, during event activity through post-event follow-up, and ultimately, conversion to job applicants and hires. SmashFlyX Events uniquely enables organizations to cast the widest net, advertising the events across every channel of media, leveraging existing contacts in the CRM, and tying it all together with analytics. Bringing it into one platform allows users to leverage the automation and tools available in SmashFlyX and extend their existing communication technologies to seamlessly create interactive, virtual events. https://www.rectechpr.com/press-releases/symphony-talent-launches-centralized-hybrid-event-management Censia, a leading provider of Talent Intelligence technology, has raised $21M in Series A funding in a round led by Marbruck Investments. This brings the company’s total funding to over $30 million to date.  With this funding, Censia will expand go-to-market efforts, scale their API-first offering, and continue product innovations for talent acquisition and workforce planning powering HR technologies of the future with AI. https://hrtechfeed.com/bias-free-talent-intelligence-startup-raises-21m/ We're excited to launch "TikTok Resumes" as a pilot program designed to continue expanding and enhancing TikTok as a new channel for recruitment and job discovery. We're teaming up with select companies and inviting job seekers to apply for entry-level to experienced positions with some of the world's most sought-after employers, including Chipotle, Target, WWE, Alo Yoga, Shopify, Contra, Movers+Shakers, and many more, with a TikTok video resume. Interested candidates are encouraged to creatively and authentically showcase their skillsets and experiences, and use #TikTokResumes in their caption when publishing their video resume to TikTok. https://newsroom.tiktok.com/en-us/find-a-job-with-tiktok-resumes   Learn more about your ad choices. Visit megaphone.fm/adchoices

I found six unique onboarding ideas that you can use to make your new hires feel welcome. Learn more about your ad choices. Visit megaphone.fm/adchoices

ZoomInfo the go-to-market intelligence solution, today announced the general availability of the ZoomInfo Recruiter platform. ZoomInfo Recruiter is built specifically for recruiting teams to identify, target, and connect with top talent so they can fill open requisitions with the right individuals quickly and efficiently. Through the platform, staffing agencies, executive recruiters, corporate recruiters, and sourcers can uncover data such as work history, educational background, and department organizational charts to better understand candidates’ managerial, functional, and technical experience. Recruiters can apply preset filters in order to focus on specific initiatives, including diversity, equity, and inclusion. “ZoomInfo Recruiter gives recruiters an edge in identifying hard-to-find candidates,” said Henry Schuck, ZoomInfo Founder and CEO. “Recruiters can easily automate their identification of and outreach to candidates. In an increasingly competitive hiring environment, ZoomInfo Recruiter provides talent acquisition and recruiting teams with the data, insights, and technology they need to source, engage with, and hire ideal talent faster.” https://hrtechfeed.com/zoominfo-releases-zoominfo-recruiter/ ResumeSieve the resume scoring platform is on a mission to disrupt traditional recruiting practices by putting innovative tools in the hands of those who are doing the hard work of recruiting. They recently  launched a crowdfunding which provides anyone to invest with as little as a $100 commitment. They are asking for your support and invite you to check out our campaign page! On wefunder.com Post on social media – Share wefunder.com/resumesieve.inc  Invest – Opportunities start at just $100 and you get perks for investing more https://hrtechfeed.com/the-resume-sieve-launches-crowdfunding-campaign/ Visier, the globally recognized leader in people analytics and planning, has raised $125M in Series E funding led by Goldman Sachs Asset Management (Goldman Sachs) at a valuation exceeding $1B USD.  This investment signals a historic moment in the growth of the people analytics market, with Visier becoming the first independent vendor in the space to reach a $1 billion valuation.   “There is unprecedented demand for companies to better understand the people within their organizations,” said Ryan Wong, CEO of Visier. “From HR leaders to people managers and executives, having insight into a workforce is critical for delivering the right outcomes for the business, the employee, the customer, and a fair and just society.”  To spearhead this new era of people analytics, Visier will use the funding to extend and accelerate product development and international go to market expansion.  https://hrtechfeed.com/visier-announces-125m-series-e-for-people-analytics-platform/ RepVue, the world’s leading sales organization ratings platform, has raised $1 million in a series seed funding round led by Knoll Ventures with participation from Alerion Ventures. The funding round validates and strengthens RepVue’s mission of driving transparency in sales organizations and enabling sales professionals to discover and engage with career opportunities that best fit their skills and experience. After coming out of a beta period at the beginning of 2020, RepVue has now received more than 16,500 ratings of the world’s most well known sales organizations. More than 50% of these ratings have come in 2021, further establishing RepVue as the largest and fastest growing B2B sales organization ratings platform in the world. “RepVue was born out of a specific mission to deliver transparency into what it’s really like to work inside the world’s most well known sales organizations, enabling sales professionals to navigate their careers much more efficiently and confidently.” According to Ryan Walsh, founder and CEO of RepVue. “The status quo in sales recruiting is simply not working. We’re able to harness the collective intelligence and insights of tens of thousands of b2b sales professionals to not only pull the curtains back on the true selling environment of these sales orgs, but also enable sales professionals to directly engage with career opportunities through our platform.” https://hrtechfeed.com/sales-talent-platform-raises-1-million-in-funding/ TopFunnel, an AI-powered recruiting startup that high-growth companies use to scale, has announced the acquisition of Teamable to supercharge referral-based recruiting.  Teamable is the employee referral platform that transforms social networks into high-performance talent pools. Since TopFunnel was founded in 2017 to empower both recruiters and employees through the talent acquisition process, it has rapidly become the secret weapon that high-growth companies like Plaid, Rubrik, Noom, and InVision have relied on to scale their teams. TopFunnel’s AI-driven approach automates much of the recruiting process, helping to source the right candidates for the right roles — and send them the right message.  Similarly, Teamable’s referral software aggregates employees’ contacts from their social and professional networks to provide recruiters with a more focused group of potential candidates. The combined platform will help deliver even better recruiting recommendations, and each product will also continue to be available on a standalone basis.  https://hrtechfeed.com/recruiting-startup-topfunnel-acquires-referral-platform/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Looking to hire tech talent? Try these 10 favorites. AuthenticJobs.com Angel.co Built In Dice.com F6S.com Hired.com Relocate.me Stack Overflow White Truffle Venture Loop Learn more about your ad choices. Visit megaphone.fm/adchoices

Standalone solutions....  Worqdrive: We are an internal mobility solution designed to make it easy for your employees to stay. | Link Gloat: Internal Talent Marketplace helps enterprises democratize career development, unlock skills, and future-proof their workforce. | Link Fuel50: Matches your people to new opportunities, vacancies, gigs, and learning based on their talents whilst giving your organization powerful insights. | Link Anthill: Designed to reach all types of workers, from corporate to retail and manufacturing, Anthill’s software engages with employees via mobile app.  | Link Feature inside HCM suite… Phenom https://www.phenom.com/internal-mobility Eightfold https://eightfold.ai/products/talent-management/ Workday | Recently Launched Workplace Talent Marketplace | Link SmartRecruiters https://www.smartrecruiters.com/recruiting-software/smartmobility/ PaddleHR https://www.paddlehr.com/internal-mobility Avature https://www.avature.net/internal-mobility Jobvite https://www.jobvite.com/products/internal-mobility/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Recruiting platform dotin Inc., which improves the recruitment and retention of new and existing talent, has released of their latest service module, PerFit-Diversity and Inclusion. The new module leverage AI to gather insights related to employee makeup, helping organizations realize the gender and ethnic diversity within their workforce.  https://hrtechfeed.com/recruiting-platform-dotin-inc-releases-new-diversity-and-inclusion-module/ Oyster®, the company that makes hiring talented people around the world compliant, human, and delightful, has raised a $50 million Series B funding round, led by Stripes with the continued participation of some existing investors. On the heels of the announcement of Oyster’s $20M Series A just this past February, this new Series B investment allows Oyster to expand its HR platform to more countries around the world and continue to empower globally distributed companies to succeed on the world stage. The team has grown 5X and the customer base has grown 8X so far in 2021. Revenue increased by 8X since the beginning of the year, from a growing number of Distributed HR offerings, including multiple modes of employment (for both Contractors and Full-Time Employees), and an assortment of Benefits catering to the special needs of distributed teams. Oyster® has also expanded its country coverage to 91 countries which account for more than 95% of the employable knowledge workers of the world. https://hrtechfeed.com/global-hr-platform-oyster-raises-50m/ San Francisco – Pequity, the first intelligent compensation platform that helps fast-growing companies create fair and competitive compensation programs, announced today that the company has closed a Series A round of $19 million, led by Norwest Venture Partners with participation from First Round Capital, Designer Fund, and Scribble Ventures.  Pequity saves companies time and money and helps them attract and retain talent by automating HR workflows from offer to signing to promotion and beyond. The platform helps HR & compensation leaders centralize their comp workflows, avoid comp problems before they happen, and create competitive compensation programs based on real-world data on industry ranges, market trends, and internal peer compensation  https://hrtechfeed.com/pequity-raises-19-million-to-bring-equitable-compensation-to-the-masses/ The new Questionmark white paper, “Five Ways Assessments Can Help Retain Employees”, shows that by testing the skills of workers, employers can: Make better recruitment decisions – someone who leaves within their first year is likely to have been a poor hire. Testing the skills of candidates before hiring them helps ensure new starters are a good fit for the role. Identify relevant training needs – assessments can pinpoint an employee’s immediate training need, helping demonstrate that employers are taking their career development needs seriously. Improve onboarding – around 15% of exits relate to employees leaving in the first 90 days.3 Assessments can reveal whether the onboarding process is effective and if new starters are learning what they should. Create a certification program – assessing employee progress and awarding certifications enhances an individual’s sense of career development. It also creates immediate goals to work toward. Predict employee retention – employers can track scores from relevant workplace assessments and correlate them with employee longevity. By doing so, employers can identify risk factors that require intervention to prevent employee churn. https://recruitingheadlines.com/5-ways-to-reduce-staff-turnover/ GoodTime, the leading AI-based interview scheduling and hiring experience solution, has added $9.5M million to its Series A funding, bringing the total round to $16.7 million. The new funding round was led by KTB Ventures along with participation from Smilegate and Atinum Investment.  This funding will be used to accelerate innovation for hiring/candidate experience solutions and accelerate go-to-market growth in a wide range of industries with innovative clients such as Box, Shopify, and Zoom. GoodTime is a solution that can reduce time-to-hire by as much as 50% while saving as much as $500,000 per year in talent acquisition costs.  https://hrtechfeed.com/interview-scheduling-tool-raises-9-5-million-series-a/ Learn more about your ad choices. Visit megaphone.fm/adchoices