The Chad & Cheese Podcast

This week on The Chad & Cheese Podcast Does Europe, the boys dive into the world of recruitment aggregators and the challenges they face with the rise of AI in talent acquisition. They discuss how some aggregators are adapting with personalization and AI capabilities, while others struggle to evolve and invest, potentially leading to their demise. The podcast also covers the potential rise of pay-per-apply models driven by AI predictions. Plus, they share their thoughts on recent industry news, including the shutdown of Finnish HRtech startup Workfellow, the launch of Amsterdam-based Samen Slimmer AI's venture Qneiform, the legal ruling affecting anonymity of reviewers on sites like Kununu, HelloWork's impressive growth and the birth of JobiJoba (what?) and a whole lot more.

Live from TA Week in San Diego from the Qualifi booth, the boys chat with Brian Fink, a TA partner at McAfee, and discussed the recent changes to LinkedIn and the impact on sourcing and recruiting. The conversation also touched on the competition between LinkedIn and other platforms like Google, Bing, and X. Specifically, Fink details the recent changes to the way LinkedIn displays profiles, which can affect how recruiters find and engage with potential candidates. He also highlighted the importance of using different search engines like Google and Bing to find candidates and the potential benefits of each.The role of Microsoft in the competition between LinkedIn and other platforms was also discussed, with the potential impact on recruiters and job seekers being a key point of interest. The rise of alternative platforms like Polywork and the potential for new competitors to emerge in the recruiting space were also mentioned. Fink emphasized the importance of recruiters being adaptable and not relying solely on one platform like LinkedIn for sourcing candidates. He also stressed the need for recruiters to be creative and think outside the box when it comes to finding and engaging with candidates.

It was another wild week in the world of work. The boys cover a wide range of topics. Here's a breakdown of some of the highlights: PageUp: U.S. tech investor Battery Ventures is looking to cash out of talent management platform PageUp, which it funded in 2018. Despite efforts to expand globally and through acquisitions, PageUp struggled to gain traction in the U.S. market. HireRight: Investment funds affiliated with General Atlantic and Stone Point Capital are acquiring background check solution HireRight for approximately $1.65 billion. The sale suggests a smart move to sell while the stock is high. Beamery: Beamery's CTO and co-founder Michael Patterson has exited the company, amid rumors of acquisition by Workday. However, Workday may wait to acquire Beamery at a lower price, as Beamery has faced layoffs and client loss. The Hatch: Australian startup The Hatch has raised approximately $4.6 million to create a job platform targeting Gen Z professionals, aiming to disrupt traditional job boards by using AI to match users with jobs based on their values and skills. In addition, Chad and Joel discuss various topics related to current events and news, including the National Labor Relations Board's disputes with Amazon, SpaceX, and Trader Joe's, LinkedIn's legal troubles, North Korean hackers using AI for phishing scams, and more. Join us for a lively discussion on labor rights, privacy, and corporate ethics!

The Shred is a weekly roundup of who’s raised funds, who’s been acquired and who’s on the move in the world of recruitment. The Shred is brought to you today by Jobcase.

Live from TA Week at the Qualifi booth, the boys sit down with Carrie Corcoran, a leading expert in employment branding and recruitment marketing. With her extensive experience in the industry and her passion for helping businesses create inclusive and diverse work environments, Carrie is a force to be reckoned with. In this episode, we dive deep into the world of employer branding and discuss its importance in attracting top talent. Carrie shares her insights on how companies can leverage technology to improve the candidate experience and create a positive employer brand. As the founder of Carrie Cares Employment Brand Consulting, Carrie has helped numerous businesses develop and implement effective strategies to improve their employer brand and recruitment efforts. She is also a strong advocate for the over 50 workforce, believing that they have a wealth of knowledge and experience to offer companies.

Torin Ellis, a self-described coach, consultant, and speaker specializing in diversity and inclusion joins the boys for a Black History Month check-on on the current state of diversity, equity, and inclusion (DEI). Torin shares his perspective on the importance of universal design and organizational redesign in fostering inclusivity, addressing the backlash against "wokeism," the challenges in advancing DEI, and the need for a collective voice to combat setbacks, such as Supreme Court decision to terminate Affirmative Action.Torin emphasizes the significance of taking action and not just relying on discussions, urging organizations to address issues like pay inequality actively. The trio explores strategies to navigate the socio-political landscape and drive progress in DEI initiatives. Then we discuss a controversial statements made by Governor Ron DeSantis, equating slavery to a work training program, and emphasizing the importance of addressing racism and inequality beyond just conversations in black churches but spreading awareness in various communities.The conversation delves into the challenges of building relationships, advocating for honest discussions around diversity, equity, and inclusion. Torin shares insights into the increasing demand for diversity and inclusion education in companies, highlighting the need for CEOs to make a genuine commitment, allocate resources, and be held accountable for diversity initiatives.The discussion also touches on the performative nature of some diversity efforts and the importance of tangible outcomes. Torin reflects on the debate between Elon Musk and Mark Cuban, emphasizing the need for action in addition to public discourse. Finally, as it is Black History Month, Torin shares his personal connection to the month and encourages understanding and support from individuals, acknowledging the potential for positive change when addressing interference in achieving diversity goals.

In this episode, we discuss the acquisition of Pento, a Copenhagen-born payroll automation platform, by HiBob, an Israeli-based HRIS. The terms of the deal remain undisclosed, but the acquisition aims to create an all-in-one solution, streamlining the entire payroll workflow. Founded in 2017, Pento had raised around $54 million. The acquisition is expected to save time for various teams by simplifying the traditionally cumbersome payroll process.We also delve into the latest earnings reports from various companies in the HR and recruiting industry. Recruit Holdings reported a decrease in revenue due to a contraction in hiring activities in the U.S. and Europe. DHI Group, the owners of Dice and Clearance Jobs, experienced a decline in revenue, primarily driven by a decrease in revenue from Dice. Randstad reported a drop in revenue, attributing it to global economic uncertainty. Monster revenue was also down. Despite a roaring U.S. economy, these companies are facing challenges, including upskilling, less job-hopping, and the need for internal networking.In other news, the Biden administration announced a $5 billion investment to support research and development in advanced computer chips. This initiative aims to reverse the decline in the U.S. semiconductor manufacturing industry and boost domestic production of advanced semiconductors. However, companies are struggling to adapt quickly enough to a convergence of tech, generational turnover, and the fast pace of change. About 44% of workers' skills are set to be disrupted in the next five years, and about 60% of workers will require training in the next three years.Jobster, the company behind the world's first predictive job advertising platform, is making a comeback. Jobster, first famous in the mid-2000s, is now back under new ownership. The return of Jobster could signal a new programmatic ad solution in the job market.Lastly, Neon Money Club, a fintech platform, has launched a new dating app called Score, which requires users to have a credit score of at least 675. Users who are denied access will be directed to resources to improve their financial literacy and credit scores. The app has received mixed reactions due to its exclusionary nature, with some viewing it as aspirational and others seeing it as perpetuating class divides. Neon Money Club has raised over $10 million in venture capital and is the first Black-owned tech business to launch a credit card with AMEX.

The Shred is a weekly roundup of who’s raised funds, who’s been acquired and who’s on the move in the world of recruitment. The Shred is brought to you today by Jobcase.

Who's ready for a new generation to enter the workforce? Well, like it or not, Gen Z is on their way in, and - stop me if you've heard this one before - they're different from all the preceding generations. How exactly? Well, no clue. That's why we invited Anthony Onesto, advisor, chief people officer, Gen Z & Future of Work Visionary and author of The New Employee Contract to the podcast. All kidding aside, a generation who's grown up in the shadow of 9/11, the Great Recession and a global pandemic, all while never knowing a world without internet and a smartphone are bound to introduce a wide variety of nuance to the world. And that, of course, includes recruitment and retention in new and sometimes scary ways. If you're hiring Gen Z, and hoping they stay awhile, you owe it to yourself to tune into this episode.

No one in the world of work likes form-filling, complex systems and bureaucracy. Yet, teams need to feel motivated, aligned, and accountable on the job, which usually means a lot of that stuff we hate. So what's an employer to do? OnLoop is here to turn every manager into a supercharged coach, and CEO and founder Projjal "JJ" Ghatak is on Firing Squad to try and prove his company has the juice to fulfill that promise and take it to established players like Lattice, 15five, Culture Amp and others. Does this former Uber executive's startup have what it takes to survive Chad & Cheese? Gotta listen to find out.