Rec Tech: the Recruiting Technology Podcast

The 2024 State of Job Hunting report, recently released by Greenhouse, a leading hiring platform, paints a challenging picture of the current job market. Despite nearly half of US workers actively seeking new opportunities, a significant portion experiences heightened anxiety due to a broken hiring system – we’ll talk about it next with co-founder Jon Stross. https://www.greenhouse.com/blog/greenhouse-2024-state-of-job-hunting-report Learn more about your ad choices. Visit megaphone.fm/adchoices

I asked Notebook LM to do a deep dive on the recent Greenhouse Software state of job hunting report. It did an excellent job at breaking down the key points of what currently happening out there. https://recruitingheadlines.com/the-current-state-of-job-hunting/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Andela ® Inc., one of the world’s largest private marketplaces for technical talent, announced the addition of an embedded dashboard with a complete view of key metrics, including time to hire, existing positions, active talent, total spend, and hiring progress; helping decision-makers better manage and optimize talent pipelines and performance in real-time.  Wonolo, an always-on staffing solution connecting businesses with millions of workers across the United States, today unveiled its AI-powered, end-to-end job management solution. This innovative platform streamlines job posting, improves job matching with real-time insights, and enhances transparency for Wonolo workers. This enhancement leverages industry insights to craft better job descriptions, thus improving worker quality and job matching while streamlining the overall process. Using Wonolo’s AI-powered solution, HelloPackage, an onsite package management system, has improved job workflow efficiency by 40%. https://hrtechfeed.com/new-hr-tech-from-andela-wonolo/ Talroo, which runs Jobs2Careers.com, announced the launch of Apply Intelligence™, a new suite of smart features that improve the job search journey to help jobseekers discover, search, and apply for the right jobs with the right employers. They say it will  generates more intelligent applications for employers by improving the job search experience using proprietary AI-enhanced technology. https://hrtechfeed.com/talroos-new-features-aimed-at-improving-the-job-search/ Remote, the global EOR platform and payroll provider, has announced Recruit AI, a new generation of AI-driven tools to help companies address the pressing challenges of today’s global job market. https://hrtechfeed.com/remote-launches-candidate-matching-tool/ MONTRÉAL – HiringBranch, a leading AI-powered soft skills assessment platform, announced today that it has raised CAD 5 million in Series A funding. The round was led by Crédit Mutuel Equity, with participation from Export Development Canada and Anges Québec.  https://hrtechfeed.com/hiringbranch-scores-5m-in-funding/   Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode is sponsored by Dalia.co and FastTalent.com Lumina, the leading supplier of Visual Job Postings to the recruitment industry,announced a strategic partnership with Indeed. https://hrtechfeed.com/lumina-video-tool-partners-with-indeed/ Don’t miss Skills Day on December 11 at 10am ET as industry experts from leading organizations including Deloitte, EPAM, Truist, and PwC Germany share real-world examples and guidance for using skills data to enhance hiring and retention. Save your seat Viser announced a powerful new agent-based workforce AI platform that allows HRIT leaders and peopletech product teams to create powerful and secure agentic AI solutions.  Designed to give organizations a Workforce AI Edge, this first-of-its-kind agent-based AI platform provides technical teams the foundation to launch their own team of AI-based agents that brings together all the critical enterprise data across people and work.  https://hrtechfeed.com/visier-launches-analytic-ai-agent-platform/ And finally Aspen Tech Labs has made two new hires both of whom I know well. https://hrtechfeed.com/aspen-tech-labs-hires-ethan-bloomfield/     Learn more about your ad choices. Visit megaphone.fm/adchoices

Jesse Tinsley is the CEO of Recriter.com, an OnDemand recruiting platform. But he also now leads BountyJobs, Before You Apply and the newly acquired Employer.com which he acquired for a whopping $450K.  Learn more about your ad choices. Visit megaphone.fm/adchoices

ZipRecruiter® and conversational recruiting company Paradox have teamed up to help enterprise companies simplify hiring. Recruiting teams using the Paradox Conversational Applicant Tracking System (ATS) can now use a new integration to access ZipRecruiter’s millions of job seekers and easy application experience for their open roles. https://hrtechfeed.com/ziprecruiter-partners-with-paradox/ Adzuna, the global job search engine, today announced the acquisition of Seiza, a market leader in social media recruitment advertising. https://hrtechfeed.com/adzuna-acquires-leading-social-recruitment-platform-seiza/ Recruiter.com, a leading holding company in the HR Technology and human capital sectors, today announced its acquisition of BountyJobs. https://hrtechfeed.com/recruiter-com-acquires-bountyjobs/ JobGet, the leading app-first job platform for hourly workers, today announced the acquisition of Snagajob. This acquisition brings JobGet’s reach to over 100 million hourly workers — covering nearly the entire hourly workforce in the United States. Snagajob will operate as a standalone entity within JobGet, allowing employers to continue leveraging Snagajob’s platform while benefiting from JobGet’s resources and technology. https://hrtechfeed.com/jobget-acquires-snagajob/ RemoteFetch.com, is a new, free remote job search engine, which aggregates almost 60,000 curated remote positions across the U.S. and Canada.  ----------------------------------------------------------------- This episode is sponsored by Dalia.co and FastTalent.com   Learn more about your ad choices. Visit megaphone.fm/adchoices

UKG made two big announcements this week in conjunction with their customer event UKG Aspire. First they announced the launch of the UKG Pro® Talent Marketplace solution, an AI-powered talent management application designed to fill critical labor gaps for the business while opening doors to new career opportunities for frontline employees and knowledge workers alike. https://hrtechfeed.com/ukg-launches-ai-powered-talent-marketplace/ UKG also announced several enhancements to make the all-in-one UKG Ready® HR suite more intelligent and even simpler to use.  Recruit Co., parent company of Indeed and Glassdoor has released results for the Quarter ending Sept 30th. Revenue for Q2 FY2024 increased 10.0% and on a US dollar basis, revenue increased 6.3%. https://hrtechfeed.com/indeeds-latest-earnings-report/ SocialCrowd which automatically tracks employee progress towards goals, reminds them of the work they have left, and rewards them instantly – has raised $2.5M in new funding. https://hrtechfeed.com/workforce-engagement-tool-gets-2-5m/ DHI Group, Inc. (NYSE: DHX) announced financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights(1) Total revenue was $35.3 million, down 6% year over year. ClearanceJobs revenue was $13.4 million, up 6% year over year. Dice revenue was $21.9 million, down 12% year over year https://hrtechfeed.com/dhi-group-reports-2024-3rd-qtr-results-announces-cfo-transition/   Learn more about your ad choices. Visit megaphone.fm/adchoices

Veritone recently  released its analysis of Q3 aggregated U.S. Jobs Report,... the research is in conjunction with Aspen Tech Labs…one of the findings was a continued increase in AI jobs….here to talk about that is the GM of Veritone Hire Alex Fourlis. TOPICS 1. New research has come out indicating a growing demand for AI-related jobs. Can you share some of the findings? In Q3, there were 31,610 vacancies in artificial intelligence jobs, a 6.6% increase from Q2 2024 and a 37.5% increase over the past 12 months.  2. Salaries for AI Jobs? In Q3 2024, the median annual salary for AI-related roles was $31,803, 25% higher than for non-AI IT positions. For example, AI-focused software developers were offered an average salary of $166,358, compared to $140,400 for their non-AI counterparts, reflecting a premium of nearly 19% for AI expertise. Among the top 10 U.S. states with the highest number of AI roles, California, New York and Virginia stood out with the largest average salary gaps between AI and non-AI IT roles. The differences in these states were $37,242, $34,154, and $25,095, respectively. 3. Beyond software developers what other types of AI jobs are available? 4. What kind of AI jobs does Veritone have in house? 5. What's one AI tool out there that is interesting to you when it comes to hiring?  6. How is Veritone Hire leveraging AI these days? 7. AI is being baked into all kinds of hiring tools,(generative + matching) how will all these software companies differentiate themselves if they all have similar AI functionality?   Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode is sponsored in part by Dalia.co and FastTalent.com Alright rec techies …..here’s whats happening this week.Lets start with earnings… Ziprecruiter Quarterly revenue of $117.1 million Quarterly net loss of ($2.6) million, or net loss margin of (2)% https://hrtechfeed.com/ziprecruiter-posts-quarterly-revenue-of-117-1-million/ At Upwork Revenue grew 10% year-over-year to $193.8 million in the third quarter of 2024 Active clients grew 2% year-over-year to 855,000 https://hrtechfeed.com/upwork-reports-third-quarter-2024-financial-results/ At Fiverr Revenue for Q3ʼ24 was $99.6 million, up 8% y/y, accelerating from 6% y/y growth in Q2ʼ24. We saw the demand trends stabilize to some extent from the volatility we experienced last quarter, but it is important to note that overall SMB sentiment and hiring environment continues to be challenging. https://hrtechfeed.com/fiverr-reports-strong-q3/ Lever  announced that Apply Connect, an ATS integration available between LinkedIn and Lever, is designed to help companies attract up to three times more qualified candidates and address obstacles in the hiring lifecycle — from improving the candidate application experience to making recruiting workflows more efficient. https://hrtechfeed.com/lever-integrates-with-linkedin-apply-connect-to-support-hiring-success/ Employ Inc., has announced the promotion of Stephanie Manzelli to Chief Human Resources Officer. https://hrtechfeed.com/employ-inc-names-new-chro/     Learn more about your ad choices. Visit megaphone.fm/adchoices

We are excited to share our Q3 U.S. Jobs Report, offering key insights about the U.S. labor market in the third quarter of 2024. The data in this report comes from Aspen Technology Lab’s JobsIndex, which aggregates daily vacancy information from more than 200,000 company career sites, ensuring you receive the most accurate and up-to-date information. Overall, this quarter, vacancies continued their upward trend from Q2. Total job listings ticked up 0.5 percent QoQ, or by roughly 30,000, but are still down 4.5 percent YoY. Q3’s numbers show positive momentum, with full-time salaries and salary transparency on the rise. DOWNLOAD  Learn more about your ad choices. Visit megaphone.fm/adchoices