As expected, in time with all of the recent industry events, October is undoubtedly announcement-heavy, so let’s skip the pleasantries and get down to business:
The employer branding experts at Universum revealed its annual World’s Most Attractive Employers rankings. The research, which surveys students from the 12 biggest economies, cites Google, EY, PwC, Deloitte, and Apple as the most in-demand employers for the business portion of its respondents. On the engineer/IT side, results included Google, Microsoft, Apple, BMW Group, and IBM. Even amid some recent backlash against the tech giants, brand familiarity continues to lure in even the youngest workforce entrants.
On a similar note, hiring platform Upwork and the nonprofit Freelancers Union released the latest Freelancing in America study, which indicates that 50 percent of respondents view working independently as a long-term career choice versus a temporary side hustle. Specific to the younger generation mentioned above, more than half of U.S. workers ages 18-22 freelanced at some point in the last time year, marking an all-time high for any participating age group since the research started in 2014.
Meanwhile, Cornerstone OnDemand put out a workforce trends report titled, Building an Adaptive Workforce: The Demand for Transparency and Skills Development. And when it comes to how Americans feel about employers who want to train today’s workforce: 53 percent aren’t sure they have the skills to withstand a layoff, while 83 percent believe it’s essential to improve professional skills — additional findings breakdown the sentiment in terms of baby boomers, Gen X, and millennials.
So it’s no surprise that a new survey from talent intelligence platform, Eightfold, with Harris Interactive, found that 78 percent of CEOs and CHROs report having specific roles that remain hard to fill. Other highlights show 75 percent recognize that internal mobility is a key focus, though job-hopping is up. Might that be because 64 percent of U.S. HR teams aren’t capitalizing on available technologies?
Capital Investments, Mergers, & Acquisitions
Employment verification company HireRight expanded its global presence taking on J-Screen and PeopleCheck, background screening providers based in Japan and Australia, respectively. The company continues to strengthen its position in APAC.
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TMP Worldwide made the strategic acquisition of Maximum, a Netherlands-based recruitment marketing tech firm, reinforcing the company’s recent expansion. The news comes just a few months after TMP procured Perengo, a programmatic recruitment platform.
Human capital and workforce management solutions leader Kronos Incorporated acquired Optimum Solutions, a national provider of HCM services. Says the press release, Optimum customers will benefit from access to Kronos offerings and a dedicated support team.
New Jersey and Israel-based Talenya, a recruitment technology company, completed a $6.5 Million funding round. A developer of bots, powered by AI, the investment funds will go toward Talenya’s future research and development as well as sales operations.
Expense management platform, Fyle, brought in an additional $4.5 M, bringing its equity funding up to $10.5 M total. The startup makes it easier to report business expenses, using proprietary technology to automate reporting directly from employee email.
Upcoming Events & Conferences
- October 22-23 – UNLEASH World in Paris
- October 27-30 – HR Southwest in Fort Worth, Texas
- November 7 – #HRTX in New York
- November 7 – TalentCon 2019 in Amsterdam
- November 18-20 – HR Congress in Nice
Plus, there’s a new show to add to your agenda for 2020 – Select HR Tech. The three-day event will take on Las Vegas June 9-11, offering up an “immersive experience” for “those folks in the trenches who have ownership of HR-tech projects in organizations and who are being measured by their ability to optimize the HR investment.”
Other recent highlights:
- TrustSphere, specializing in Organizational Network Analytics, introduced its “D&I MRI.” The product measures network homophily, or the connectedness of a group or team to determine diversity and inclusivity.
- Technical hiring platform HackerRank is bringing CodeHub, its video-based live interview solution, to LinkedIn Talent Hub in an effort to create a seamless tech hiring process.
- Staffing software Bullhorn is closing the loop between vendor management and applicant tracking systems to help agencies automate recruitment processes. The company also acquired Erecruit to further its vision of a unified solution.
- Montage and Shaker International, having merged earlier this year, unveiled its combined Modern Hire brand, blending the companies’ interviewing and assessment technologies into one hiring platform.
- Background screening and identity services provider, Sterling, is partnering with Fama, an AI-based social media and web screening solution that identifies employer relevant behaviors by analyzes publicly available candidate info.
- Fuel50, a talent experience platform, announced FuelMobility. Designed to promote internal mobility, the program uses AI and ML to give employers insight into employees who fit open roles within the organization.
- Talent operating system, Beamery, and AI recruiting platform, Hiretual, will offer a new API-based integration to enterprise customers that will enable the bi-directional flow of candidates, data, and talent pools.
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