HCM Talent Technology Roundup May 19, 2023

CHROs are lowering their business forecasts for the year ahead of “persistent inflation and talent challenges” that seem to be lasting longer than anticipated, according to research from StrategicCHRO360. The company’s index dropped nearly 3% between the current quarter and the last as CHROs prepare for a longer than expected path to economic recovery. Overall, the index found that 35% of respondents expect conditions to improve over the next 12 months, and only 20% expect them to grow worse. Meanwhile, 46% don’t expect much change at all over the next 12-month period.

Canadian technology company GSoft released Talentscope, a new platform designed to help teams map and assess their skills more effectively. The company hopes Talentscope will help it provide organizations with the information they require to assess the changing needs of their workforce and survive in today’s volatile labor market. Talentscope uses AI to give employers a clear view of their team’s capabilities and blind spots. The product also formulates clear career paths for employees, which  can help organizations retain their top talent.

Eightfold AI announced skills-based talent planning is available through Eightfold Talent Planning, a solution to assist organizations in analyzing, forecasting and future-proofing their workforce by assessing skills and resourcing gaps in real-time. The company said  this is an effective way to reduce the risk of disruptive reorganizations and weather industry shifts.

Fourth, a provider in workforce and inventory solutions, signed exclusive partnership with UK-based Automated Analytics to offer U.S. customers rapid recruitment via AI-powered programmatic bidding. Integrating Fourth’s PeopleMatter ATS with Automated Analytics’ TalentTrack programmatic bidding will allow customers to optimize ad targeting during high-traffic timeframes. Beginning with Indeed, Fourth and Automated Analytics will roll out this capability with job boards nationwide.

CandidateX, a UK-based startup and DEI hiring company, launched its platform to help tackle the issue of recruitment bias in the labor market. According to the company, CandidateX is looking to address this problem by putting the candidate experience at the forefront of the hiring process. As such, it is fostering a community of like-minded candidates who are unified in their ambition to connect with inclusive employers committed to unbiased hiring.

Airspeed, a platform focused on connecting and celebrating employees – announced a $5 million seed round led by Greylock Partners and Venrock with participation from Salesforce Ventures, Next Play Ventures and a number of notable CEOs and executives as angel investors. In addition to the capital raise, Airspeed secured a $2.5 million debt line through Western Technology Investment.

By Mark Feffer

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.