Oyster raised $150 million in Series C funding and reached more than $1 billion in valuation. The company’s now achieved unicorn status, less than two years after its launch. The investment also caps a year of growth, the company said. During 2021, Oyster grew revenue by over 20x and attracted more than 20,000 applicants to its open roles.
A study by Humanyze found that 42% of employees are likely to leave their job in the next 3-6 months, and that 52% of management expects higher attrition rates in roughly the same time. Regarding what influences their decision to stay at a job besides salary or benefits, both executives and employees said flexibility and hybrid/remote work options were their top priorities.
ADP added platform capabilities to its WorkMarket freelance management system. The new feature, Recruiting Campaigns 2.0, enhances WorkMarket’s Labor Clouds curated talent functionality. An end-to-end solution, the update features templates, checklists, custom landing pages and dashboards, all aimed at satisfying business, tax and banking requirements.
Getting Hired expanded its talent engagement platform to serve new underrepresented groups in the workforce. The company also launched Diversity Talent Sourcing, a direct sourcing offering. Both initiatives align with Getting Hired’s mission of breaking down barriers within talent acquisition for job seekers and employers.
retrain.ai announced the availability of its Talent Intelligence Platform to offer higher accuracy, transparency, explainability and greater bias prevention. In addition, the company said it’s created a global skills taxonomy based on over 300 million job descriptions extracted from a variety of sources.
LiveHire’s Direct Sourcing platform is now available in the SAP Store. The platform integrates with the SAP Fieldglass Contingent Management solution to help companies attract and engage external talent. The integration provides new capabilities in sourcing, branded talent attraction, native two-way text messaging and talent pooling.
Sense, a provider of talent engagement and communication solutions for recruiters, announced an integration with AkkenCloud, which offers a front-, middle-, back-office and payroll platform to staffing and recruiting organizations. The integration will allow Sense to leverage AkkenCloud’s staffing software in an effort to help agencies increase efficiency and streamline operations.
Mark Feffer is executive editor of RecruitingDaily and the HCM Technology Report. He’s written for TechTarget, HR Magazine, SHRM, Dice Insights, TLNT.com and TalentCulture, as well as Dow Jones, Bloomberg and Staffing Industry Analysts. He likes schnauzers, sailing and Kentucky-distilled beverages.
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