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RecTech: the Recruiting Technology Podcast


May 31, 2019

more funding for Smartians, a new acquisition for Indeed and a CareerBuilder rumor in the news.

Special thanks to our sponsor Hiretual.com

Recruit Holdings Co., parent company of Indeed.com has announced that its HR Technology SBU (Strategic Business Unit) has signed an agreement to acquire Syft Online Limited (“Syft”) through Indeed Ireland Operations Limited. Syft is a leading recruiting platform for the hospitality, events and industrial industries in the United Kingdom.

Founded in 2015, Syft’s proprietary technology provides a simple, effective recruitment solution and shift management tool for part-time and flexible work, connecting and matching qualified and vetted jobseekers with available shifts through its desktop and mobile app.

Chris Hyams, CEO at Indeed, commented: “At Indeed our mission is to help people get jobs. Syft’s simple and transparent approach to shift work hiring is an innovative solution to the growing demand for part-time and flexible work. We look forward to supporting the Syft team as they continue to improve the hiring experience.”

 

So here’s my take: indeed wants in on one of the hottest segments of online hiring today. They are currently way behind an an already crowded field that includes players like Wonolo and Shiftgig. With Google encroaching on their turf and facing increased compeition from Linked and Facebook they are broadening their offerings. Will have to wait and see if they can make it successful. I am curious if they are bringing it to the usa

https://recruitingheadlines.com/recruit-holdings-announces-acquisition-of-recruiting-platform-syft/

EW YORK, May 29, 2019 — Careerlist Inc., a recruiting technology company, today announced the completion of a $3.7 million round of seed funding.

Launched one year ago, Careerlist is changing the recruiting industry by combining the world’s best recruiters with the greatest minds in technology to transform how companies access and hire the most remarkable talent. Careerlist corporate customers include WeWork, Yext, AB InBev and more than 100 others.

Investors in this round of funding included BreakawayGrowth, Grid Ventures, Garage Capital and a number of notable individual investors. Funds raised in this round will be used to accelerate the attraction of recruiters, unique talent and employers as well as to advance technology investments.

“Careerlist is building the infrastructure, data and tools that will power the next generation of recruitment and job search,” said Michael Scissons, Chairman and CEO of Careerlist. “This new funding is only the beginning of a massive expansion in technology that will attract the world’s best recruiters to amplify their businesses with us. Our mission is to open doors for the world’s most remarkable talent.”

https://recruitingheadlines.com/new-york-based-careerlist-raises-3-7-million/

 

For Recruiters

A better financial model through increased opportunity, efficiency and talent representation.

For Talent

An alternative to the traditional job search process allowing easy, confidential exposure to opportunities and self-marketing tools.

DHI Group, Inc….announced today that Dice, the career site for technology professionals, has launched their latest innovation, Candidate Match™, a powerful tool that uses intelligent automation and machine learning to surface the most qualified candidates for tech jobs.

Our Candidate Match solution is tailor-made for tech, using our robust understanding of the technology marketplace and the needs of both professionals and recruiters,” said Art Zeile, President and CEO of DHI Group, Inc., parent company of Dice. “Our proprietary skills data model and taxonomy, Knowledge Graph™, uses sophisticated algorithms to uncover interrelationships among skills to provide the most relevant recommendations to employers hiring tech talent. It’s another step demonstrating Dice’s commitment to developing best-in-class matching algorithms to make recruiting top candidates easier.”

Candidate Match…

  • Goes beyond traditional keyword matching by looking at job and candidate data to provide the best match.
  • Allows recruiters to sort applicants by match within five classification levels, while many competitive services offer only one or two levels of classification.
  • Learns by leveraging the input and expertise of tech recruiters, HR professionals, tech professionals, and tech hiring managers to continuously improve the outcomes of its machine learning algorithm.

Intelligent automation results in better matches and removes unconscious bias

Candidate Match assigns a match level to each applicant, which helps recruiters quickly assess an applicant’s fit to a job posting, allowing recruiters to focus on engaging the most qualified candidates first.

https://recruitingheadlines.com/dice-launches-new-candidate-matching-tool/

Recruiting platform SmartRecruiters, announced it has raised a $50M Series D round, led by repeat investor Insight Partners and joined by long-time investors Mayfield Fund and Rembrandt Venture Partners.

The round follows a year marked by strong performance, including 100 percent year-over-year enterprise growth and the launch of SmartAssistant, the first native AI product ever offered within a talent acquisition product suite.

SmartRecruiters will invest the funds into accelerating its product roadmap, including deepening the abilities of SmartAssistant through AI and machine learning; geographic expansion in Europe and Asia Pacific, to include hiring 100 people; and broadening the components of SmartRecruiters’ Hiring Success methodology, specifically process optimization, strategy and customer workshops.

“Fortune 500 companies don’t have the luxury of letting critical positions go unfilled – they need to maintain their competitive advantage through effective sourcing of quality talent,” said Jerome Ternynck, CEO and Founder of SmartRecruiters. “With this funding in place, we see an accelerated product development trajectory, allowing us to build on our record of delivering what we call Hiring Success: better hires, better hiring velocity, better candidate quality, and enhanced candidate experience for enterprise customers.”

https://recruitingheadlines.com/smartrecruiters-raises-50-million-in-new-funding/

Congrats to my friends at SmartReceuiters - i used to be a client of theirs back in 2015 and it’s great to see them doing so well

Finally for whats its worth...Just heard Careerbuilder is coming out end of June with an entirely new platform.

Contact info on Linkedin, facebook and google. Supply and Demand portal, job postings under $50, recruitment edge and other features. They are changing the focus from the old standard job board.

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