May 21, 2021
StepStone, one of the world’s leading online job marketplaces, has acquired the San Francisco based, Mya, a conversational AI (artificial intelligence) technology. The company will embed Mya’s technology into its online job search.
StepStone says they will fundamentally change the way it engages with job seekers, nurture candidates, and match them to right job opportunities. On top of just searching for jobs, StepStone will interact with its users conversationally through new channels to discover more about job seeker preferences, skills, and interests and increase the number and quality of matching job applications.
The new technology will become part of StepStone’s Autonomous Matchingtm platform. Based on machine learning, conversational AI will enable job seekers to find matching job opportunities even without actively searching for them. The technology draws conclusions from talking to the candidate and then suggests suitable jobs via text message, WhatsApp or onsite chat. StepStone customers will benefit from improved matching and higher quality of hiring. Engaging with job seekers based on conversational AI will first be integrated in StepStone’s job marketplaces in English and German language.
ZipRecruiter®, announced financial results for the quarter ended March 31, 2021. Quarterly revenue increased to $125 million, up 11% y/y
In April, ZipRecruiter filed a registration statement with the U.S. Securities and Exchange Commission for a direct listing of its common stock. The Company’s registration statement was declared effective on May 14th, and its Class A common stock is expected to begin trading on the New York Stock Exchange under the ticker symbol “ZIP” on May 26, 2021.
“In our first public earnings report, ZipRecruiter delivered record revenue in Q1. We are issuing guidance for the year that maps to the strong signs of recovery in the U.S. hiring market. We believe that we are in the early stages of a significant resurgence of job growth during the once-in-a-lifetime reopening of the economy after the pandemic. We are well-positioned to take advantage of this moment as we continue to actively connect people to their next great opportunity.” said Ian Siegel, CEO of ZipRecruiter.
Phenom announced the launch of Phenom Hiring Manager, a powerful set of hiring tools that redesigns hiring, management and collaboration with recruiters.
Phenom Hiring Manager is enabling managers to overcome these challenges and improve collaboration with recruiters to fill roles faster. The experience is tailored to their needs, and designed to reduce feedback loops that delay hiring, create poor candidate experiences and interfere with managers’ other responsibilities.
Its functionality includes
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Upwork (Nasdaq: UPWK), has announced the launch of Talent Scout™, a recruiting solution that connects companies with pre-vetted expert talent selected from the Upwork platform by specialized Upwork recruiters.
Talent Scout represents an additional way to access and engage talent and is part of Upwork’s ongoing focus on offering a dynamic, one-stop online talent solution serving customers’ full spectrum of talent needs.
Talent Scout is currently available for clients located in the United States, Canada, the UK, Australia, and Israel. It will be available to additional countries soon.
Stoke Talent is launching customizable and automated Workflows for Onboarding and Offboarding non-payroll workers – such as freelancers, contractors, consultants and agencies – to make this process easier and risk-free for companies.
Whenever a contractor is being onboarded to a company, they need to sign legal documents, provide payment information and tax documentation. The company should then run Know Your Customer and Anti-Money Laundering (KYC/AML) checks before payments, document any system or data access provided to the contractor, and track hardware equipment provided, such as laptops and company badges. Today, most of these activities are done by email and tracked through spreadsheets, making this problematic and creating potential significant risks to the company.
Stoke Talent’s automated Onboarding and Offboarding Workflows automates all of the above processes. It enables legal, finance, and IT teams to set up policies that are enforced throughout the entire company.
PandoLogic has acquired conversational chatbot Wade&Wendy to help their customers convert more applicants to the traffic they are buying.
From their announcement…
Over the last two years, PandoLogic has been growing significantly in the Programmatic Job Advertising space. One common barrier to continued market adoption, however, is an assumption that Programmatic delivers large volumes of candidates but at low quality.
Coupling Wade & Wendy’s uniquely engaging and personal conversational AI technology with Programmatic will help increase conversion rates while reducing the strain on recruiters by doing the first level qualification screening.