Talent Acquisition Movers, Shakers & News Breakers – July 2019
Even as we approach the dog days of summer, the HR tech and recruiting space remains hot. Throughout July, we saw a slew of new announcements ranging from M&A to product launches. Here are some key headlines:
CareerBuilder Survey Finds 50% of Employees Have “Just a Job.”
According to CareerBuilder’s research, 50 percent of employees feel like they have a career while the rest are just working for the weekend. At the same time, 32 percent of employees plan to change jobs this year, with some 58 percent feeling unsatisfied by the training and development opportunities offered by their employer. Echoing this sentiment, CareerBuilder also sees that job-hopping is on the rise, with 78 percent of workers open to the idea of a new opportunity, even though they aren’t actively looking.
The “Ultimate” Place to Work for Millennials
HR software darlings, Ultimate Software, topped the Best Workplaces for Millennials™ list for the third year running. According to the results, 98 percent of #Ultipeeps say the company is a great place to work, with nearly perfect scores for benefits, community, special events, inclusivity, and pride of work. Ultimate also made the People Magazine 2019 Companies that Care list.
Namely Reveals New CEO, Workplace Diversity Report
Long-time industry leader, Larry Dunivan, is in as CEO of Namely, leaving his previous post at ThinkHR (which recently merged with Mammoth HR). In addition to that flurry of activity, Namely also released its second annual Workplace Diversity Report, which tells us just how much work needs to happen around D&I. Not much of a surprise here, but white men make up of 63 percent of all managers, while fewer women and non-majority employees remain subject to lower compensation than their male or majority peers.
First Advantage Launches Tool that Uses Selfies for Screening
First Advantage unveiled a new solution called RightID, which uses AI to confirm that candidate selfies match their government-issued IDs to help expedite the screening process. Says the company, the “powerful technology verifies the individual’s identity within seconds, making for a near-instantaneous, trust-based interaction.
HiringSolved Unveils PROPHET II, PROPHET Pro
The AI-powered recruiting automation software company, HiringSolved, rolled out PROPHET II and PROPHET Pro, both helping to improve candidate sourcing. PROPHET II searches hundreds of millions of records, using any combination of skills, job titles, past employers, experience, and geographic location. PROPHET Pro gives recruiters access to info on 6,000 new candidates per month and includes an Advanced Expert Search mode.
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Capital Investments, Mergers, & Acquisitions
Early in the month, we saw three significant acquisitions in the programmatic space. First, StepStone acquired 85 percent of programmatic job advertising software, Appcast. Less than two weeks later, popular job site, Indeed, announced its agreement to acquire the U.K. based, automated job advertising technology platform, ClickIQ. And rounding out things out, TMP Worldwide is taking on Perengo, a programmatic recruitment platform. The consensus seems to be that these moves will help keep the acquirers relevant in today’s rapidly evolving tech landscape.
Speaking of relevance, Workday is also making moves, with the purchase of TrustedKey, an identity authentication company that uses blockchain technology. According to the business and cloud software giant, “With our new platform, Workday wants to change that by bringing credentials into the digital age.”
Gusto, the cloud-based payroll, benefits, and human resource management software focused on the SMB, raised $200M in Series D funding, from Fidelity Management & Research Company and Generation Investment Management (founded by former U.S. vice president Al Gore). The new capital will go towards scaling the company’s product and team.
Upcoming Events & Conferences
- August 6-8 – Social Recruiting Strategies Conference in Philadelphia
- August 8, 15, 21, 28 – Disrupt HR in Cleveland, Reno, Grand Rapids and Phoenix (respectively)
- August 25-28 – California HR Conference in Long Beach
- August 25-28 – HR Florida Conference in Kissimmee
- September 5 – HRTX Recruiter & Sourcer Training Workshop in Chicago
Other recent highlights:
- Allegis Global launched an autonomous startup known as QuantumWork. The total talent solution gives recruiting, procurement, and HR leaders a single view of talent by integrating with core HCM, ATS, and VMS data.
- AI recruiting technology AllyO announced new partnerships with iCIMS and Alexander Mann Solutions.
- Similarly, Paradox’s AI assistant Olivia joined the SAP PartnerEdge program, integrating with SAP SuccessFactors Recruiting via native APIs.
- Phenom People and SwoopTalent partnered up to improve the recruiter experience through “seamless AI-powered sourcing.”
- Dice introduced its new Job Management feature, offering up significant improvements to its existing client-facing workflow.
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