on the record StepStone's CEO Sebastian Dettmers on Next Steps, Data's Significance, and Navigating the Great People Shortage
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Feb 22, 2023 
Sebastian Dettmers, CEO of StepStone, a leader in digital recruitment, shares insights on navigating today's labor market. He discusses the strategic importance of digital recruiting amid the great people shortage and how AI is transforming candidate interactions. Sebastian highlights the significance of data transparency in reshaping hiring practices and addresses long-term demographic challenges. He also touches on StepStone's growth plans and the balance between immediate layoffs and ongoing talent scarcity.
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Strong Post‑Pandemic Recovery
- StepStone recovered strongly after 2020 and almost doubled revenue by 2022, reaching a record year.
- The company is conservatively optimistic for 2023 despite macro headwinds like inflation and interest rates.
Don't Rush An IPO Decision
- Consider all strategic options, including an IPO, but avoid rushing the decision.
- Use strong operational performance and market positioning to time any public offering attractively.
AI Is Transforming Recruitment
- The jobs market has moved from a hidden, transactional model to one driven by conversational AI and richer interaction.
- New technologies let platforms understand users better and facilitate faster, more human hiring conversations.