Indeed Traffic Woes, TechWolf Howls, & FairNow Impresses

This week, the boys discuss recent excursions in Asia and Europe, as well as recent industry news. They cover topics such as the decline in job postings, the acquisition of Textkernel by Bullhorn, the rebranding of StepStone, and the funding of TechWolf and FairNow. The conversation also touches on the importance of AI in the recruitment industry and the trend towards skills-based hiring. In this conversation, Chad and Joel discuss various topics including skills-based hiring, AI governance software, the decline in traffic for job search engine Indeed, the car industry's trends, and the use of AI assistants in financial advising. They explore the challenges and opportunities presented by these themes and provide insights into the future of these industries.

Highlights

• Travel experiences in Asia and Europe
• Decline in job postings and the impact on the recruitment industry
• Acquisition of Textkernel by Bullhorn and the importance of AI in recruitment
• Rebranding of StepStone and the significance of consistent branding
• Funding of TechWolf and the trend towards skills-based hiring Companies struggle with skills-based hiring because they often don't understand the specific skills required for a job. Testing candidates for these skills before hiring them can be more effective than relying on traditional screening processes.
• AI governance software is becoming increasingly important for companies in highly regulated industries. Fair now, an AI compliance company, has raised $3.5 million in seed funding to expand its operations.
• Job search engine Indeed has seen a decline in global and US traffic, possibly due to changes in Google's algorithm and the rise of AI summaries. Competitors like ZipRecruiter have shown different trends, suggesting specific challenges for Indeed.
• The car industry is experiencing various trends, including the rise of EVs, the challenges of infrastructure and consumer spending habits, and the impact of competition on companies like Tesla.
• Morgan Stanley is using generative AI assistants to improve efficiency and client engagement for its financial advisors. This trend of using AI assistants for administrative tasks is expected to continue across industries.

Chapters

00:00 - Introduction and Travel Adventures

08:05 - The Acquisition of Textkernel by Bullhorn

11:37 - StepStone's Rebranding

25:08 -Skills-Based Hiring Challenges

26:24 -The Rise of AI Governance Software

29:17 -The Decline in Traffic for Job Search Engine Indeed

33:29 -Trends in the Car Industry: EVs and Competition

46:35 -AI Assistants in Financial Advising: Improving Efficiency

51:15 -The Challenges Faced by Hooters