Rec Tech: the Recruiting Technology Podcast

TriNet, a leading provider of human resources solutions for small and medium-size businesses(SMBs), today announced it has entered into a definitive agreement to acquire Zenefits.  Details of the stock and cash transaction were not disclosed. Zenefits is a leading cloud HR platform which provides innovative and intuitive HR, benefits, payroll and employee engagement software purpose-built for small and medium-size businesses.  Through the acquisition of Zenefits, TriNet diversifies its product offering to include an Administrative Services Organization (ASO), enabling TriNet to dynamically service SMBs throughout their lifecycle.  Upon deal close, Zenefits will become a wholly owned subsidiary of TriNet and Francisco Partners will become a TriNet stockholder. TriNet is also expected to become a preferred supplier of PEO and HRIS services to Francisco Partners portfolio companies across the country after closing. The acquisition is expected to close in the coming months, subject to customary closing conditions, including the receipt of regulatory approvals. https://hrtechfeed.com/trinet-to-acquire-zenefits/ Company Now Valued at $1.5 Billion Paradox, the conversational recruiting platform built to give every recruiter, hiring manager, and talent professional an assistant to get work done, today announced a $200M Series C investment. The round was led by Stripes, Sapphire, and Thoma Bravo, and included participation from Workday Ventures, Indeed, Willoughby Capital, Twilio Ventures, Blue Cloud Ventures, Geodesic, Principia Growth, DLA Piper Venture Fund and current investor Brighton Park Capital.  Paradox’s vision is embodied by Olivia — the conversational AI assistant helping companies like Unilever, Nestle, McDonald’s, CVS Health, and General Motors automate tasks like candidate screening, interview scheduling, onboarding, and more through smart, simple, mobile-first experiences. In just five years, Olivia has helped 500+ global clients save millions of hours of manual work — freeing their teams up to spend time with people, not software.  https://hrtechfeed.com/paradox-raises-200m-series-c/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The crew wraps up the year in recruiting and HR tech. TOPICS What we'll remember about this year? Have we hit peak HR tech funding? What will hiring be like in 2022? Learn more about your ad choices. Visit megaphone.fm/adchoices

Clovers a human resources technology firm leveraging interview intelligence to improve interviewing and hiring practices, today announced Zoom Video Communications, Inc. has invested in the firm via its $100 million Zoom Apps Fund.  https://hrtechfeed.com/clovers-secures-investment-from-zoom-for-its-interview-platform/ HR technology company HiBob rolls out its Payroll Hub, a centralized dashboard on the Bob platform that automatically updates companies’ payroll data in real-time. Effectively managing payroll is one of the biggest pain points for HR teams and has become increasingly complex as workforces have become geographically dispersed and increasingly dynamic with a mix of both full-time and contract workers. The tool addresses this challenge directly with a user-friendly design and capabilities that allow companies to serve all workers – whether they are full-time, freelance, or in another country.  https://hrtechfeed.com/hibob-launches-a-payroll-hub/ GoodJob Software LLC announced that it has been named Company of the Year by HR Tech Outlook. The magazine publishes an annual list of the top ten human resources tech startups, and GoodJob came in at number one. https://hrtechfeed.com/goodjob-named-company-of-the-year/ SkillCat, a free training & jobs platform for skilled trade workers, today announced a $3.3 million seed round led by Omar Hamoui at Mucker Capital.  The investment brings SkillCat closer to its vision of placing one million blue collar workers into high-paying skilled trade jobs.  The investment brings SkillCat closer to solving two of the world’s biggest problems: 1) blue collar workers can’t find good jobs and 2) there is a massive skilled trade worker shortage. https://hrtechfeed.com/skilled-trade-worker-app-gets-3-3-million/ Sense, a market leader in AI-driven talent engagement and communication platform solutions for recruiting, today announced $50 million in Series D funding led by SoftBank Vision Fund 2.  “Sense’s founding mission to equip companies to engage with best-fit talent both quickly and effectively is more important than ever. Our work with hundreds of companies in the past year alone has enabled them to build great teams and compete for talent amid the pandemic,” said Anil Dharni, CEO of Sense.  https://hrtechfeed.com/sense-raises-50-million-in-investment-from-softbank/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Jobandtalent – a workforce marketplace that matches workers with temporary roles – announced it secured $500 million in equity investment from Kinnevik and SoftBank Vision Fund 2, closing out its Series E round. https://hrtechfeed.com/jobandtalent-lands-500m-to-expand-in-u-s/ Metaview the interview intelligence tool based in Londo has raised 6 million in new funding. This investment will “help us accelerate in our mission to power People decisions with truth by enabling us to rapidly grow our phenomenal team. We're hiring builders on all fronts: engineering, design, sales, marketing, customer success, and operations.” https://hrtechfeed.com/weve-raised-a-6m-seed-to-power-people-decisions-with-truth/ Upwork (NASDAQ: UPWK), the world’s work marketplace that connects businesses with independent talent, today announced the launch of its “The Perfect Fit” brand campaign. The campaign showcases how businesses can gain a competitive advantage and solve talent gaps exacerbated by the Great Resignation by tapping into Upwork’s network of high-skilled freelancers from around the world. https://hrtechfeed.com/upwork-launches-new-ad-campaign/ Glassdoor has announced three new executive appointments: Andy Chen as chief product officer, Rodrigo Oliveira as chief technology officer and Owen Humphries as chief financial officer. All appointments are effective immediately.  https://hrtechfeed.com/glassdoor-appoints-3-new-c-suite-execs/ iHire announces the launch of its Job Ad Builder, an intuitive, step-by-step tool that allows users to create modern job postings in less than five minutes – helping them attract top talent faster. Now available to registered employers, iHire’s Job Ad Builder is ideal for small and mid-sized businesses and busy recruiters with minimal time and resources for writing a compelling job posting. https://hrtechfeed.com/ihire-introduces-job-ad-builder/ Learn more about your ad choices. Visit megaphone.fm/adchoices

VideoMyJob CEO David Macciocca said on Linkedin this week that the Australian based video startup has raised $2 million in new funding. “With the new round of funding, we’ll accelerate our innovations that continue to make VideoMyJob the best video solution for Talent Acquisition, Employer Brand and Recruitment Marketing teams worldwide.” https://hrtechfeed.com/videomyjob-raises-2-million/  Workday, Inc. a leader in enterprise cloud applications for finance and human resources, has entered into a definitive agreement to acquire VNDLY, an industry leader in cloud-based external workforce and vendor management technology.  With VNDLY, Workday will provide organizations with a unified workforce optimization solution that will help organizations manage all types of workers—salaried, hourly, contingent, and outsourced—and support a holistic talent strategy, including insight into costs, workforce planning needs, and compliance. https://hrtechfeed.com/workday-to-acquire-vndly/ Jobvite has announced the speaker lineup for its free 2021 Recruiter Nation Live (RNL) event taking place on Tuesday, Dec. 7. Now in its 13th year, the event gives recruiters, talent acquisition (TA) leaders, and practitioners a half day of virtual education including best practices on candidate experience, recruitment automation, TA metrics, and other important strategies for successful recruiting in the new year.  Register at jobvite.com https://hrtechfeed.com/jobvite-announces-speaker-lineup-for-recruiter-nation-live/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Leslie McIntyre is one of my oldest friends int he HR industry, She has a new book about and a new HR consulting firm. https://culpeohr.com Buy her book: Framing Success: 20 Essential Lessons for Achieving Entrepreneurial Greatness... https://www.amazon.com/dp/B09C6KTJCH/ref=cm_sw_r_tw_dp_Z7WNZ2YNK4FEB0YTJVCM   Learn more about your ad choices. Visit megaphone.fm/adchoices

Linkedin now lets users choose which type of job preferences they want to be found for. These include on-site, remote and hybrid. It’s a sign that job types have permanently changed. User can now edit these settings in their profile. https://hrtechfeed.com/linkedin-adds-remote-work-preferences/ After acquiring Harver back in May, digital hiring solutions provider Outmatch rebrands to Harver and continues to develop the world’s leading volume hiring solution for hourly and professional roles. The unified Harver platform will combine the capabilities of both Outmatch and Harver, creating one powerful solution purpose-built to solve the complex volume hiring challenges organizations are facing today. “Outmatch’s extensive science and product capabilities, combined with Harver’s dedicated volume hiring solutions, have already proven to be a truly winning combination” said Jim Trimarco, Chief Revenue Officer of Harver. “We’ll move forward under the Harver brand, and together we can now provide a full-service solution that helps organizations not only overcome the challenges they face today, but also thrive in the years to come.” https://hrtechfeed.com/outmatch-rebrands-as-harver/ HiringSolved, the leader in AI-powered recruiting and talent acquisition solutions, today shared details of its newest product release designed specifically for staffing firms. Recognizing the need to make placements faster and keep talent engaged, HiringSolved expanded its solution’s search and match capabilities while adding features that help staffing teams grow their business. https://hrtechfeed.com/new-features-from-hiringsolved/  QuickHire, a career discovery platform working with service workers to find job and advancement opportunities, announces an oversubscribed $1.41 million financing round, led by MATH Venture Partners. Currently, QuickHire targets workers and businesses in the metro areas of Wichita and Kansas City. The company plans to expand across the Midwest and add skilled-labor verticals in 2022.  https://hrtechfeed.com/service-industry-career-platform-quickhire-raises-1-4m-to-tackle-great-resignation/  Crosschq, maker of the Talent Intelligence Cloud™ powering data-driven hiring and people analytics, announced a strategic investment from Okta Ventures and leading HR talent executives as part of its Series A extension. The investment comes on the heels of the company’s $30Mfinancing led by Tiger Global in September. https://hrtechfeed.com/crosschq-attracts-new-strategic-investment-from-okta-ventures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

New research from InFlight Corp suggest employers still have too long of an apply process. Designing and executing a quantitative study of your company’s apply flow is a complicated undertaking. Many organizations have pieced together in-house and external systems to achieve their intended goals without considering the overall quality of the candidate experience. With so much competition for workers, organizations cannot afford to have systems that provide a candidate experience that undermines their talent attraction goals.” InFlight’s research report is complimentary. To download the report, please visit: https://www.inflightintegration.com/apply Learn more about your ad choices. Visit megaphone.fm/adchoices

Seasoned announced that it has raised $18.7 million in Series A financing to help expand its hiring platform and restaurant worker network to new markets. The financing comes on the back of a $12 million seed round raised in June 2021, bringing its total raised to more than $30 million this year. In July 2020, Seasoned relaunched with a next-generation, mobile, app-based recruitment and hiring tool for restaurants that complements its employee networking platform. On the back of releasing this next generation hiring product in Dallas, Seasoned has partnered with more than 300 national and local restaurant brands that own and operate more than 100,000 locations across the country, and has added Houston, Austin, Orlando, and Miami to its platform. The proceeds from the financing will be used to support Seasoned’s expansion into new markets and continued enhancements to its products. Learn more at seasoned.co https://hrtechfeed.com/restaurant-hiring-platform-raises-nearly-19-million-in-funding/ Bullhorn®, the cloud computing company that helps staffing and recruiting organizations transform their businesses, today announced that it has acquired cube19, a longstanding Bullhorn Marketplace partner and the provider of analytics and reporting solutions for the Bullhorn platform.  cube19’s suite of solutions are designed to provide dynamic, activity-level metrics to manage at any level of the organization: recruiter, team, office or region. cube19’s interface makes reporting easy to generate for non-technical users, which results in better performance on the front lines while also providing macro-level insight that helps leaders make better business decisions. Ultimately, by enabling staffing companies to grow their revenue quickly while growing their costs more slowly, cube19 facilitates highly scalable growth. https://hrtechfeed.com/bullhorn-acquires-analytics-platform/ DHI Group, Inc. (NYSE: DHX) announced financial results for the third quarter ended September 30, 2021. The stock is up about 10% on the news. During the second quarter 2021, the Company completed the spinoff of its eFinancialCareers (“eFC”) business to the eFC management team. The results of the eFC business are reported as discontinued operations for all periods presented in this release.  Third Quarter 2021 Financial Highlights Total revenue was $30.8 million, up 7% sequentially and 13% year over year.  Total bookings1 were $30.8 million, up 40% year over year.  Loss from continuing operations was $2.4 million, or $0.05 per diluted share, compared to a loss of $27.0 million, or $0.56 per diluted share in the year ago quarter.  Cash flow from operations was $6.3 million, compared to $4.4 million in the year-ago quarter.  https://hrtechfeed.com/dhi-group-earnings-up-13/ Learn more about your ad choices. Visit megaphone.fm/adchoices

There’s a new HR tech player in town and its name is Pillar.hr….Pillar is all about the interview process and interviewer coaching which they say is key to providing better candidate experiences & increasing acceptance rates. Joining me on this episode is their CEO and Founder Mark Simpson. Pillar is offering a limited number of free trials to Rec Tech listeners. If your organization is interested, schedule a demo at pillar.hr/rectech. Learn more about your ad choices. Visit megaphone.fm/adchoices