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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/
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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?
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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/
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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.
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This week in Rec Tech is sponsored by Dalia.co and FastTalent.com
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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/
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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/
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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/
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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/
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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/
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Glassdoor announced it is introducing “Worklife Pros“, in the form of relevant rich content into its community experience, providing more opportunities for users to engage in real-time conversations with access to both career experts and other like-minded professionals.
https://hrtechfeed.com/glassdoor-doubles-down-on-content-experts/
Rival introduced Rival Workflow, a automated platform that empowers businesses to manage the employee experience – from onboarding to offboarding – in one seamless, integrated experience.
https://hrtechfeed.com/new-hr-tech-from-rival-successfinder/
SAN FRANCISCO —- Zeal, the modern payroll platform announced the successful close of a $15 million Series B funding round. This latest investment, led by Portage with continued support from existing investors Spark Capital and Commerce Ventures, marks a significant milestone in Zeal’s mission to redefine payroll for innovative staffing companies, gig-work platforms, and HR service providers, including industry leaders like Wonolo, Qwick, Lawtrades, Band of Hands, and WorkGenius.
https://hrtechfeed.com/zeal-secures-15m-series-b-funding-for-payroll-platform/
Sapia.ai, a leader in AI-driven recruitment, announced the launch of Live Interview™, a tool designed to simplify interview scheduling for hourly hiring. With a focus on ease of use, Live Interview™ makes scheduling as intuitive as booking a restaurant – especially benefiting store managers overseeing hourly workers.
https://hrtechfeed.com/sapia-ai-unveils-live-interview-for-high-volume-hiring/
DENVER —- Guild, an education and skilling solution for building talent, announced it has entered into a definitive agreement to acquire Nomadic Learning, a leading capability academy company. The company also announced the introduction of Guild Talent Advantage, which pairs education and skilling experiences—across multiple learning modalities—with actionable talent insights. In addition, through Guild Talent Advantage, employees receive career resources and coaching to ensure they don’t just know more, but they perform better and drive businesses forward.
https://hrtechfeed.com/guild-announces-acquisition-of-nomadic/
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Novo Constare is the current Chief Executive and Co-Founder of Indeed Flex. Novo is also the General Manager & Vice President of Staffing Solutions at the organization. Novo co-founded Syft in 2015 in London. Four years later, in the summer of 2019, Syft was acquired by Indeed and rebranded as Indeed Flex.
TOPICS
For those that dont know…. Explain what Indeed Flex is?
Explain the user experience for the employer? How do they go about finding temporary work on the platform?
Why should an employer use this over just posting on Indeed?
Whats the typical cost to the employer?
Is there a difference between temp staffing in the UK vs the U.S.
You started as Syft back in 2015 take me back to those days why did you start it ?
What was the biggest challenge you faced in the early days of Syft and how did you overcome that challenge?
Same day hiring?
What was it like when Indeed came calling and said we want to buy your business?
Building a marketplace advice?
Whats the future for Indeed Flex?
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ZipRecruiter®, launched the next generation of its Resume Database, a proactive sourcing tool for employers to find qualified candidates in minutes. The new Resume Database gives employers, instant access to candidate contact info, and fresh workflow management tools.
https://hrtechfeed.com/ziprecruiter-improves-its-resume-database/
Harver, the hiring solution helping organizations optimize their talent decisions, today announced the availability of Job Fit Finder. Designed to help talent leaders identify and hire the best candidates efficiently, Job Fit Finder utilizes Harver’s behavioral assessment technology to match candidates within their talent pool to other open roles, based on fit.
Workstream, the modern payroll, HR, and hiring platform designed for the hourly business, launched a series of new payroll, time clock, and shift scheduling products today to further expand the capabilities of its integrated all-in-one platform. These products provide much-needed functionality to QSR franchisees, restaurants, and other businesses that employ hourly workers.
https://hrtechfeed.com/new-hr-tech-from-harver-workstream/
Symphony Talent, a global leader in talent acquisition solutions, announces the launch of Interview Genius, a new feature within its SFX On-Demand Interview (ODI) platform. This AI-powered tool will change how organizations conduct interviews by automating the creation of structured, fair, and science-backed interview questions tailored to each role.
https://hrtechfeed.com/symphony-talent-unveils-interview-genius/
Indeed Flex, the temporary staffing platform has partnered with workforce payments platform Branch to offer Same Day Pay. This tool enables Flexers to access up to 50% of their earnings within an hour after completing a shift.
https://hrtechfeed.com/indeed-flex-partners-with-branch-to-deliver-same-day-pay-for-flex-workers/
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In today's podcast I am joined by the founder of CVwallet and his new firm C Squared, Richard Collins.
C Squared’s technology infrastructure is enabling the next evolution of recruitment advertising, moving it closer to the hire and making it fit for the age of AI.
Our groundbreaking Exchange Traded Feeds (ETFs) enable Ad Agencies, Programmatics and Publishers to deliver more qualified applicants to their clients whilst maximizing their revenue.
https://www.csquaredtechnology.com/
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Mercor is an AI hiring platform that enables top tech companies and leading AI labs to hire experts at tech companies across software engineering, law, chemistry, finance, and many other professions. VC’s just gave them $30 million to grow the business.
https://hrtechfeed.com/ai-job-marketplace-lands-30-million/
DailyPay a United States-based worktech company and provider of earned wage access (EWA), is expanding globally. Beginning this fall, DailyPay, an award-winning provider of EWA services, will have an EWA offering available in the United Kingdom, marking the company’s first foray outside the U.S.
https://hrtechfeed.com/dailypay-announces-international-expansion-into-the-united-kingdom/
San Francisco, California – Kula’s latest launch is an all-in-one hiring platform that leverages generative AI to assist recruiters in sourcing, screening, scheduling, and capturing interview feedback with prospective hires, complete with an AI-powered analytics dashboard. This marks Kula’s evolution from a point-solution tool for sourcing candidates to a full platform alleviating all of the pain points recruiters have faced over the decades.
https://hrtechfeed.com/kula-debuts-the-first-complete-hiring-platform-with-purpose-built-ai-for-recruiting/
LEBANON, N.H.– Appcast announced that Matt Molinari, currently the chief operating officer, will become the chief executive officer on January 1, 2025. Molinari succeeds Chris Forman, founder and CEO, who will retire after more than a decade of building and growing the company.
https://hrtechfeed.com/appcast-ceo-to-retire-new-leadership-coming/
Recruitment software provider Greenhouse, has introduced a new system called Greenhouse Verified.
This system aims to give job seekers more confidence in the companies they apply to. To earn the Verified badge, companies must demonstrate a commitment to fair hiring practices, respect for candidates, and open communication. Greenhouse hopes that this will encourage more companies to create positive hiring experiences.
https://hrtechfeed.com/greenhouse-launches-verified-badges-for-employersto-promote-trust-and-transparency-in-hiring/
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I travelled to Nashville for RecFest USA and hit up some industry folks while walking the grounds. In this episode you'll hear from;
Mark Anderson form Advantage.ai Dan Sapir from JobGet Jake Morse from Pillar.hr Stephen McGrath from Poetry Gina Aliot from Shaker Steve Levy from DHI Group Krista Tan from Talent CollectiveEnjoy the audio!
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Employ Inc., parent company of JazzHR, Lever, Jobvite and NXTThing RPO, today announced the opening of a new office space in Denver, Colo. this “Center of Excellence” will serve as a vital hub for strategic initiatives and operations in Denver, enabling Employ with a more collaborative environment to foster innovation and growth.
https://hrtechfeed.com/employ-inc-opens-colorado-office/
SAN FRANCISCO — Censia, a leader in AI-driven talent intelligence solutions, announces a strategic investment from Workday Ventures. This investment underscores Censia’s innovative capabilities and positions it as a leading player in revolutionizing talent management through responsible artificial intelligence.
https://hrtechfeed.com/censia-announces-investment-from-workday-ventures/
CareerBUilder & monster the completion of all customary regulatory approvals,for their recent merger. As previously announced, the combination of CareerBuilder and Monster brings together two complementary brands to create a job board with greater scale and reach.
https://hrtechfeed.com/careerbuilder-and-monster-finalize-merger-name-new-execs/
Engine Capital, which owns approximately 3.5% of the outstanding shares of freelancer platform Upwork (Nasdaq: UPWK) recently announced it sent a letter to the Company’s Board of Directors regarding “actionable opportunities for enhancing shareholder value.”
https://hrtechfeed.com/upwork-investor-calls-out-company-leadership-says-changes-needed/
Nexxt.com, the job advertising platform… announced two new organic offerings. The first offering, Nexxt Organic, will enable companies to attract quality candidate traffic to their jobs for free, either directly through Nexxt apply or through integrated Applicant Tracking Systems (ATS).
https://hrtechfeed.com/nexxt-introduces-organic-traffic-options-to-help-companies-source-talent-for-free/
New launch: Sync2Hire launched this week which enhances a company’s existing ATS functionality by taking the data from the ATS and organizing it into a centralized hub for all things post-application communications, offering a cohesive structure that ensures teams are always on the same page.
https://hrtechfeed.com/sync2hire-lanuches-post-application-comms-platform/
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The Muse, a leading career platform serving millions of next-generation job seekers and fast growing companies, today announced the launch of Muse Productions, a dedicated content creation studio that helps companies activate their employer brands and build their teams. From expertly crafted articles to dynamic videos, Muse Productions offers solutions that seamlessly integrate with a client’s employer brand to attract, recruit, and retain top talent.
https://hrtechfeed.com/the-muse-launches-a-dedicated-content-creation-studio-for-employer-branding/
Vangst, the cannabis industry’s leading hiring platform, today announced its acquisition of GreenForce, a cannabis temporary staffing agency operating in Oregon & Arizona. GreenForce Founder & CEO Ryan Rosenfeld will join Vangst as the Chief Business Officer, focused on further regional and national expansion, effective immediately. The acquisition marks Vangst’s second acquisition of 2024.
https://hrtechfeed.com/vangst-acquires-greenforce/
Workday just published its semi-annual Global Workforce Report, which found that it’s an employers’ market, with the number of job applications growing four times faster than job openings. Despite these odds, top performing employees are quitting their jobs to look for better opportunities elsewhere. At the same time, organizations are turning to AI to transform how they find and keep their best people.
https://recruitingheadlines.com/job-market-tightens-as-ai-reshapes-hiring-processes/
File this under new recruiting ideas. Staffing firm Manpower says they will be using Walmart Stores to recruit!
Manpower will offer one-stop convenience to local job seekers. The new Manpower job hubs are designed with “efficiency and accessibility in mind and are welcoming to active job seekers or casual shoppers who may want to explore employment options in their area.”
https://recruitingheadlines.com/manpower-to-open-job-hubs-inside-walmart-stores/
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Startup TalentWell has announced the launch of its next-generation talent sourcing platform, featuring the latest in generative AI technology. TalentWell enables hiring managers and recruiters to discover top talent and then connect in a way that truly resonates. Unlike other solutions that rely on generic, forgettable messaging, TalentWell generates personalized emails and videos that get candidates’ attention and boost response rates, helping companies build their dream teams faster than ever.
https://hrtechfeed.com/talentwell-launches-ai-generated-recruiter-outreach-videos/
Job board solution provider Smart Job Board, one of my top recommendations, has launched new AI matching features into its platform.
https://hrtechfeed.com/job-board-software-provider-adds-ai-functionality-for-publishers/
Following a successful beta program, ZipRecruiter®, a leading online employment marketplace, today fully launched ZipIntro, a new solution that accelerates face-to-face connections for a faster and more personal hiring experience.
https://hrtechfeed.com/ziprecruiter-launches-video-interviewing-functionality/
Paylocity (NASDAQ: PCTY), the payroll software solutions platform , announced it has signed a definitive agreement to acquire Airbase Inc., a modern finance and spend management software solution that combines bill pay / accounts payable automation, expense management, corporate cards and procurement capabilities. The acquisition of Airbase represents an expansion of Paylocity’s suite and will deliver incremental integrated value to HR and finance leaders in managing all of their spend on a single platform – expanding the Paylocity total addressable market beyond HCM and further into the Office of the CFO.
https://hrtechfeed.com/paylocity-announces-definitive-agreement-to-acquire-airbase-inc-a-leading-spend-management-software-solution-provider/
Oyster®, the global employment solution to employ, pay, and care for distributed teams, raised $59M in Series D funding, led by Silver Lake Waterman, with participation from existing investors,.... The investment will enable Oyster to accelerate its platform roadmap, scale its impact, improve its customers’ compliance posture, and enhance its customers’ ability to attract and retain top talent. Over 40% of Team Members employed on the Oyster platform are in emerging markets and Oyster remitted hundreds of millions to emerging markets in 2023. This fundraise values the company at $1.2B and brings its total funding to $286M.
https://hrtechfeed.com/oyster-raises-59m-series-d/
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INDIANAPOLIS—-DirectEmployers Association, the leading provider of OFCCP compliance solutions, today announced the acquisition of EqualityMagazines.com and its network of diversity-focused job boards, including BlackPerspective.com, Hispanic-Today.com, VeteransEnterprise.com, and WIB-I.com.
https://hrtechfeed.com/directemployers-acquires-multiple-diversity-job-boards/
SAN FRANCISCO — SmartRecruiters, a leader in enterprise talent acquisition software, today announced the appointment of Rebecca Carr, an established product leader and HR technology executive, as the company’s new Chief Executive Officer. Rebecca also joins the company’s Board of Directors.
https://hrtechfeed.com/smartrecruiters-has-a-new-ceo/
Tilt, a platform for leave management solutions, has announced the successful completion of its $15 million Series B funding round. This round was led by Bramalea Partners, with additional participation from HearstLab and continued support from Firework Ventures, Origin Ventures, and Techstars.
https://hrtechfeed.com/tilt-secures-series-b-funding-to-expand-hr-technology-footprint/
Lattice, the leading people management software company, today announced that its highly anticipated Human Resources Information System (HRIS) will officially launch on October 8th. The full functionality of Lattice HRIS will be showcased at Lattice’s annual conference, Lattiverse.
https://hrtechfeed.com/lattice-to-release-hris-october-8th/
CHICAGO– Professional Diversity Network, Inc. (NASDAQ: IPDN) a leader in developing and operating online and in-person networks that offer access to networking, training, educational, and employment opportunities for diverse individuals, is pleased to announce the rebranding of its job board operations to TalentAlly. TalentAlly LLC will now operate as a standalone subsidiary of Professional Diversity Network, Inc.
https://hrtechfeed.com/professional-diversity-network-rebrands-job-board-operation-as-talentally/
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