HCM Talent Technology Roundup October 20, 2023

iCIMS introduced iCIMS Copilot, a generative AI-powered recruiting assistant to help talent acquisition teams accelerate hiring velocity, reduce the cost of hiring and build a competitive hiring edge to boost business outcomes. The solution will automate manual tasks to save recruiters time and also provide AI recommendations for optimizing hiring processes, the company said.

Employ announced new product enhancements to help its customers in the rapidly evolving market. New recruitment marketing capabilities were added to the Jobvite talent acquisition suite and Candidate Texting was added to help Lever and JazzHR customers engage applicants. In addition, Employ also welcomed four new executives: Lucy Zarlengo as chief marketing officer, Jamie Minier as president at NXTThing RPO, Madhav Nair as chief technology officer and Chris Stewart as chief customer officer.

Forty-two percent of job seekers rely on family and friends (word-of-mouth) to help find their next role, according to research from CareerBuilder. The company’s study, “Job Seekers: What They Want,” also found that better pay and benefits are still the main priorities for job seekers along with interesting work, impact on the world, work/life balance and the ability to work remotely.

Paycor launched a generative AI digital assistant in partnership with Visier to help organizations with their people data. The offering is designed to provide company leaders with “quick and detailed” insights into their workforces.

Avature integrated with LinkedIn CRM Connect to help talent professionals simplify the recruiting workflow, save time building talent pipelines and nurture candidate relationships with up-to-date candidate insights from LinkedIn. According to the company, integration is only available to LinkedIn Recruiter seat holders, with general customer adoption being added in January 2024.

The staffing and recruitment market is expected to grow to $1778.29 billion by 2030, at a CAGR of 12.7%. According to The Insight Partners, the growth is attributed to automation and AI-driven recruitment being leveraged by the industry.

Recruitment marketing company The Martec raised $8 million in its latest funding round. Participants in the round included AS1 and AirTree Ventures.

Talent intelligence provider Censia announced the appointment of Greg Tomb as its president. Before joining Censia, Greg served as President of Zoom Video Communications.

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.