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RecTech: the Recruiting Technology Podcast


Jul 26, 2019

Special thanks to our sponsor, Hiretual.com

Jobsoid released a new job description library 

https://recruitingheadlines.com/jobsoid-releases-a-free-job-description-builder/

Jobsoid, an award-winning applicant tracking software, focused on simplifying recruitment, recently released a Job Description Builder with an online library of customizable job description templates, available for free on their website at https://resources.jobsoid.com/job-descriptions.

With the Free Job Description Builder, hiring managers will now be able to quickly draft that perfect job description with minimal effort. They can choose a template from the online library of over 500 ready to use job descriptions, customize it and kick start their recruitment in a matter of minutes. The library is meticulously crafted by HR experts from the industry and contains templates which are clear, concise and cover the precise points necessary to attract the right talent for the job.

The Free Job Description Builder by Jobsoid will help hiring teams to:

  • Choose an existing job description template and customize it to suit their own requirements
  • Choose points from multiple templates to write a better job description
  • Draft desired job descriptions and post them on multiple channels in one click
  • Post various job descriptions for different industries on job boards directly, using Jobsoid
  • Download the customized job description in PDF format and save it for recruitment records

Gusto Raises $200 Million for its SMB HR software platform

https://recruitingheadlines.com/gusto-raises-200-million-for-its-smb-hr-software-platform/

SAN FRANCISCO–(BUSINESS WIRE)–Gusto, the people platform that helps small businesses take care of their teams, today announced that it has raised $200 million in Series D funding. Leading late-stage investor Fidelity Management & Research Company, and the dedicated sustainable investor Generation Investment Management, joined existing Gusto investors Dragoneer Investment Group, General Catalyst, and those advised by T. Rowe Price Associates, Inc. in the round.

“As Gusto continues to scale, we’ve been intentional about choosing investors that optimize for the long term. We’ll be building Gusto for decades, and our goal is to be a durable and sustainable business,” said Josh Reeves, Gusto CEO and co-founder. “Fidelity and Generation share our belief that the best business model is to align the success of your customers with your own success. 

Currently, only 50 percent of small businesses in America make it past year five. This is unacceptable, and we’re here to change that. Gusto is committed to increasing the durability of small businesses everywhere by helping them build great places to work where their employees thrive.”

The investment will be used to double down on research and development as Gusto continues the expansion of the company’s people platform, enabling small business owners and operators to onboard their employees, pay them, provide health insurance, and support their teams all in one integrated solution. Gusto will also continue growing its team in Denver, San Francisco, and New York.

 

Toast acquires restaurant HR software platform

https://recruitingheadlines.com/toast-acquires-stratex-to-simplify-hr-for-restaurants/

Toast, the fastest-growing restaurant management platform in the U.S., today announced it acquired StratEx, a leading provider of HR and payroll software for restaurants. StratEx’s HR software and consulting services help restaurants automate applicant tracking, scheduling, payroll, benefits, and labor law compliance.

“At Toast, we know that for a restaurant to be successful it often starts with recruiting and retaining a great team, yet many restaurants wrestle with employee turnover that can exceed 70 percent,” said Chris Comparato, CEO of Toast. “By adding StratEx to the Toast Platform, we can better support restaurants of all sizes in simplifying HR, payroll, and talent management on a platform that works seamlessly with Toast and our technology partner ecosystem.”

As a result of the acquisition, the former StratEx product is now part of Toast Payroll & Team Management, an all-in-one HR solution built specifically for the restaurant industry. Designed to seamlessly work with Toast Point of Sale, the solution automates employee onboarding, accurately tracks hours across locations, streamlines payroll, and simplifies compliance for restaurants of all sizes.

“We’re passionate about the restaurant industry and helping our community of restaurateurs succeed in today’s dynamic – and often challenging – labor market,” said Adam Ochstein, CEO of StratEx. “In Toast we discovered a partner that is equally as passionate about the restaurant community. Joining forces allows us to accelerate investments in our platform and build new employee-facing products that will allow restaurants running on Toast to attract, hire, and retain great teams.”

 

Staffing software tool Top Echelon has been acquired

Top Echelon Network, LLC, a leading provider of applicant tracking system (ATS) and split-placement network software, today announced that it has been acquired by SageLink Capital, a leading investment firm focused on enterprise software and technology-enabled businesses. Following the acquisition, the Company has been rebranded “Top Echelon Software, LLC.”

“We’re thrilled to partner with SageLink Capital and look forward to the number of ways that they will help us better serve the needs of our customers, grow our company, and expand our team,” said Top Echelon CEO, Mark Demaree. “This signifies the next chapter in Top Echelon’s mission to become the leading mid-market ATS provider.”

Top Echelon’s flagship ATS product, Big Biller, provides recruiters a software-as-a-service (SaaS) workflow management system for the talent acquisition process, including tools for resume import and parse, job application collection, resume search, comprehensive reports, job board publication, job websites, analytics, and workflow customization. The Company’s split-placement offering is a network platform where recruiters share candidate and job order information online where one recruiter provides the candidate for another recruiter’s job order. Top Echelon serves more than 1,700 customers across North America.

 

RChilli Launches New Deep Learning Parsing Module

SAN RAMON, CALIF. (PRWEB) JULY 24, 2019

RChilli believes in the continuous development of its products to provide world-class technology solutions to its customers. After years of research in AI, NLP, and machine learning, RChilli is proud to announce the launch of its new deep learning parsing module.

The users will witness better search results with an improved extraction and smarter identification of resume data. Also, there is a remarkable improvement across the data fields and a significant decrease in error rates. Adopting deep learning technology also builds a path for faster release of languages.

The dream of providing advanced parsing with deep learning technology comes true with this new achievement.

Deep learning is a game-changer in the HR tech industry. It processes a large amount of text data through algorithms. With the capability of self-learning, it automatically learns the representation of similar words.

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