HCM Talent Technology Roundup January 26, 2024

Remote unveiled Contractor Management Plus to simplify managing and paying global contractors. The solution includes safeguards against misclassification risk, including built-in global compliance and indemnity coverage. In addition, it will make hiring and onboarding talent more efficient with automations and bulk actions, the company said.

AI-powered skills intelligence cloud platform iMocha launched its AI-Skills Match Engine, which aggregates and refines external talent, to help deliver a match of the candidates and the job requisition. The goal, the company said, is to accelerate the hiring process and enhance the quality of candidates, aligning talent acquisition with the evolving needs of the industry.

Ninety-seven percent of business leaders expect that lack of available qualified workers to be problematic over the next year and 66% said they anticipate some degree of difficulty staffing open positions over the next 12 months, according to a recent survey by RSM. Still, 66% of middle market companies expect to increase hiring levels over the next six months.

The workforce management software market is projected to grow to $3.09 billion by 2028, at a CAGR of 7.66%, according to Technavio. An emerging trend shaping market growth is the high utilization of social media for recruitment.

AI jobs and career platform Expertini announced a new tool, Resume Score, which aims to help the candidate sourcing and screening process. The product identifies patterns and predicts candidate suitability based on predefined criteria for the job role.

Ceipal promoted Dennis Farkos to president and chief financial officer. He previously served as chief financial officer for Panopto, Carnegie Innovations and Confluence.

By Gracie Wirick

Gracie Wirick is a writer and editor at RecruitingDaily and the HCM Technology report. A Purdue graduate with degrees in Professional Writing and Communication. She is a lover of classics and literature with an unfortunate penchant for the Oxford comma.