A weekly summary of trending news & commentary for busy talent acquisition technology execs and professionals.
“We don’t give a sh*t what you call it.”
That’s the response from a panel of corporate talent acquisition executives at the TAtech Leadership Summit on AI & Machine Learning in Talent Acquisition. They had been asked if they thought today’s chatbots and other machine learning-based products were really AI or something less.
They made their view pretty clear, and then went on to say that all they cared about was whether or not the technology actually helped them get the job done.
Job Boards, Social Media Sites & Recruitment Advertising
Facebook is losing young users even quicker than expected, according to new estimates by eMarketer. The digital measurement firm predicted last year that Facebook would see a 3.4 percent drop in 12- to 17-year-old users in the U.S. in 2017, the first time it had predicted a drop in usage for any age group on Facebook. The reality: The number of U.S. Facebook users in the 12- to 17-year-old demographic declined by 9.9 percent in 2017, eMarketer found, or about 1.4 million total users. That’s almost three times the decline expected. There were roughly 12.1 million U.S. Facebook users in the 12- to 17-year-old demographic by the end of the year. There are likely multiple reasons for the decline. Facebook has been losing its “cool” factor for years, and young people have more options than ever for staying in touch with friends and family. Facebook also serves as a digital record keeper — but many young people don’t seem to care about saving their life online, at least not publicly. That explains why Snapchat and Instagram, which offer features for sharing photos and videos that disappear, are growing in popularity among this demographic. Source: recode
Recruit Holdings Co. Ltd., which ranks as one of the world’s largest staffing firms, reported revenue rose 11.2% as measured in yen in its fiscal third quarter ended Dec. 31, 2017. The Tokyo-based firm owns the Indeed jobs website, and reported fast growth on the site with Indeed revenue rising 60.6% on a US dollar basis. Growth at Indeed “was mainly due to a combination of new customer acquisition and expanding spend from existing customers against the backdrop of a favorable economic environment and strong labor market,” according to the company. The site reached 250 million unique visitors in January. Source: Staffing Industry Analysts
Microsoft-owned LinkedIn has introduced a new tool on its platform, called ‘Scheduler’ which will take the friction out of the interviewing process for both recruiters and candidates. The new feature will help users automate initial interview scheduling by syncing their calendar to LinkedIn Recruiter, and then share their calendar availability with candidates directly in their InMails. The aim of ‘Scheduler’ is to save the time spent on scheduling a meeting and help recruiters focus their energies on hiring strategically and on-boarding the best candidate. Source: DNA
Sourcing, Matching, Assessing, Communicating (SMAC) Technology
Cut-e has launched vidAssess, a platform to help recruiters create a customized interview experience that focuses on the requirements of the role, enabling them to see and hear candidates at an early stage of the selection process. It offers the logistical freedom to conduct many more candidate interviews and to quickly and consistently assess each person’s suitability for the job. vidAssess helps recruiters to define the relevant competencies and behaviors that are critical for success in any role; create a pool of questions that will reveal the required competencies and set up and manage ‘interview projects’. Candidates are given preparation time to respond to each question, so they can gather their thoughts and give their best answer. Assessors can quickly shortlist appropriate candidates, by rating their answers against the established competencies.
Gartner, Inc. (NYSE:IT), a leading research and advisory company, announced that it has reached a definitive agreement to sell CEB Talent Assessment to Exponent Private Equity, a UK-based private equity firm, for $400 million. The agreement comes at the end of a previously announced process to evaluate strategic alternatives for CEB Talent Assessment, formerly SHL, which was acquired by Gartner as part of the CEB acquisition in 2017. The transaction is expected to close in the first half of 2018 and is subject to customary closing conditions.
General Information Services (“GIS”), one of the leading providers of background screening and talent acquisition services, announced it has completed the acquisition of BackTrack Inc. (“BackTrack”), an industry-leading background screening provider. BackTrack offers a full suite of employment screening services and has grown steadily since its founding in 1994, serving a diversified, nationwide customer base. BackTrack’s deep experience with clients in the healthcare and manufacturing industries will allow GIS to quickly expand its capabilities and customer relationships in these sectors. The acquisition underscores GIS’ focus on developing a robust platform for its client base, through both organic growth and acquisitions.
Mixmax, a San Francisco, CA-based provider of email software to boost productivity, raised $10.35m in funding. Backers included Carl Fritjofsson of Creandum, Jason Lemkin of SaaStr, Michael Dearing, Harrison Metal and Floodgate. The company intends to use the funds to grow the team, adding support for new platforms like Outlook & Exchange, launching a mobile interface and accelerating growth. Mixmax provides a web and chrome app that turns the email inbox into a web-based software platform for sales, recruitment and success teams. The tool, which lets users communicate by automating scheduling, embedding videos directly within email, eliminating back-and-forth and setting up automated workflows that follow up intelligently, has over 10,000 customers. Mixmax also syncs back intelligently to existing CRM and ATS. Source: FINSMES
Ripple Labs, a digital media buyer which provides programmatic buying expertise to recruitment ad agencies and job boards, announced its acquisition by Joveo Inc., a leader in recruitment advertising technology. Joveo is a programmatic job advertising platform dedicated to eliminating the pain in recruitment ad buying for everyone through a simple, effective and transparent platform. Key partners include job boards, agencies, and staffing agencies.
AI & Machine Learning
Did you miss the TAtech AI Summit last week? Not to worry. You can still attend the pre-conference half-day AI Summit before TAtechEurope in Dublin on March 13-14. The event will also feature Terence Hielscher, MD of moberries.com, Bogomil Balkansky, Google’s VP of Cloud Recruiting Solutions and Renato Profico, CEO of JobCloud.ch, all of whom will be delivering Keynotes. Add their presentations to an Agenda of world class speakers and panelists, and the two-day conference is sure to max your ROI on time out of the office. Join us!
Standards & Best Practices
TAtech is launching the next phase of the International Working Group on Traffic Quality. Click here to see the Declaration on Traffic Quality produced by the first phase. If you’d like to be a part of this unique group that is setting definitions and standards for online recruitment advertising, please contact Peter Weddle at email@example.com. The Group is open to all publishers worldwide.
TAprose and TAtech Global News Bulletin are brought to you by TAtech: The Association for Talent Acquisition Solutions.
Mark Your Calendars! TAtech’s 2018 events include:
• February 12-13, 2018 Scottsdale, Arizona USA: The TAtech Leadership Summit on AI/Machine Learning in Talent Acquisition – the only conference totally focused on the capabilities and impact of AI/ML/NLP in recruitment. See you next year!
• March 13-14, 2018 Dublin, Ireland: TAtechEurope 2018 – the premier event for recruitment advertising and technology thought & business leaders in Europe, the Middle East and Africa.
• April 18-19, 2018 Las Vegas, Nevada USA: The TAtech Spring Congress & Meetup – a unique conference designed to maximize opportunities for B2B networking, trending topic discussions and the exploration of partnerships and business opportunities.
• June 5-6, 2018 Minneapolis, Minnesota USA: The TAtech Leadership Summit on Programmatic Ad Buying – the only conference totally focused on the technology and applications of programmatic ad buying by both publishers and advertisers.
• September 26-27, 2018 Bourbon Street New Orleans, Louisiana USA: The TAtech Fall Congress & World Job Board Forum – the only conference that brings together the global thought and business leaders of the TA technology industry.