Curated Intel from the Talent Tech Industry
May 7-14, 2023:
• Augmenting its solution for skills-based hiring: Assessment platform HireVue buys Modern Hire;
• Making communications more robust: Lever releases natively-built SMS tool Candidate Texting;
• Announcing the end of ostrich time: Three tech giants intro new automation and AI tools for HR;
• Offering a positive view of the market: Gem’s 2023 Recruiting Trends finds much to smile about;
• Trying to add sanity to the gold rush: AI expert looks to the UN to launch AI regulatory agency.
PLUS
• If you’re in the job board or talent technology business and tired of seeing your company treated like a second-class subset of HR Technology, you deserve the recognition and support you’ll receive at TAtech North America & The World Job Board Forum, coming up in Austin, Texas USA on May 22-24, 2023. It is the only conference totally dedicated to your bottom-line success in the North American market. The content and connections it delivers will accelerate your sales, reinforce your brand and give you a sustainable competitive advantage in the market. So, don’t delay; register today.
HireVue Acquires Modern Hire to Transform the Global Talent Experience
HireVue, the global leader in video interviewing, assessments, and text-enabled recruiting solutions, today announced it has acquired Modern Hire, the intelligent hiring platform. The acquisition of Modern Hire marks a new era in hiring, providing organizations with an easier way to realize the full benefits of the most comprehensive and innovative platform for assessment, interviewing and end-to-end hiring automation. Solidifying HireVue’s position as the industry leader in modern hiring solutions powered by ethical AI, this will accelerate HireVue’s ability to help all organizations identify employee and candidate potential beyond resumes. A marketplace innovator with its Virtual Job Tryout® role-based assessments and advanced selection science, Modern Hire is committed to creating new and practical ways of measuring and understanding human performance. With offices in the US, Europe and Asia Pacific, Modern Hire’s customers include FedEx, Charter Communications, Humana and Delta Airlines. Broadening HireVue’s product family to provide solutions for organizations at any stage in the skills based hiring journey, the company will now serve over 1,150 customers around the globe and over half of the Fortune 100.
Lever Announces Release of Candidate Texting Functionality to Reach the Next Generation of Talent
Lever, an Employ Inc. brand and a leading talent acquisition platform, announces today the release of Candidate Texting, a new SMS tool designed to streamline candidate communication and improve engagement for talent teams. This new tool is designed to help recruiting teams efficiently manage their candidate pipelines and overcome common communication challenges in talent acquisition, including improving response rates, and overall time-to-hire. By leveraging Candidate Texting, recruiters can automate time-consuming candidate outreach, improving the jobseeker experience and allowing hiring teams to get in front of top talent before the competition. "Today's talent teams need modern communication tools to connect with candidates quickly and effectively," said Lori Ellsworth, Chief Product Officer, Employ. "Candidate Texting delivers on this need, providing recruiters with a natively built and effective SMS tool that enables them to streamline engagement, scheduling, nurturing, and personalization in step with the rest of their hiring processes all within the Lever product."
Ready or not, generative AI is coming for HR
Automation at work may be coming faster than employers realize. Three huge names in the tech space announced new automation and AI capabilities for their enterprise clients this week, exemplifying AI’s explosive growth even amid rising concern for its impact on workers. Microsoft, IBM and Google Cloud (in alliance with UKG, well-known in the HR space) announced separate automated tools that can perform worker tasks, such as creating job posts and listings, identifying and contacting potential candidates, managing employee requests, and generating learning programs for individual employees, among others. Many of the new additions complement AI programs that already exist within their platforms or provide easy access to such tools through a single user interface.
An excerpt from Gem's 2023 Recruiting Trends Report
24% of recruiting organizations saw reductions in force in the last half of 2022—but 33% of smaller organizations and 54% of larger organizations saw recruiting team growth. And only 11% of respondents expect their recruiting teams to shrink this year; 34% expect growth in 2023. What’s more, 75% of talent acquisition professionals at smaller organizations and 70% at larger organizations say they expect company-wide headcount increases in 2023. (Only 16% and 20%,
respectively, expect decreases.)
AI expert taps UN officials to learn how to build a global AI regulatory body
An AI expert said he's consulting with United Nations and UNESCO officials about how to create an international agency to regulate artificial intelligence technologies. "I think the UN, UNESCO, places like that have been thinking about this for a long time, and I'm consulting with some people in those organizations," said Gary Marcus, who hosts the AI-focused podcast, Humans vs Machines with Gary Marcus. "A lot of this has to be behind the scenes because there are a lot of parties to please and balance and so forth," said Marcus, who led Uber's AI labs from 2016-2017 and co-authored the book "Rebooting AI: Building Artificial Intelligence We Can Trust." "But I would say the progress has really been spectacular." Marcus hopes an international agency would help restrict AI-generated misinformation and other potential risks associated with the technology's breakneck advancement. Bad actors could use AI software to "write billions of pieces of misinformation in a single day" or fool people into committing cyber crime, Marcus recently told Fox News. The agency he envisions would solicit public opinion as part of its decision-making processes. "I think if we are to build an international organization, it can't just be wealthy and high-prestige people making decisions for everybody else," the AI author told Fox News. "There has to be channels of communication to different sectors of society and around the world."
Get the Recognition & Support You Deserve
If you’re in the job board or talent technology business and tired of seeing your company treated like a second-class subset of HR Technology, you deserve the recognition and support you’ll receive at TAtech North America & The World Job Board Forum, coming up in Austin, Texas USA on May 22-24, 2023. It is the only conference totally dedicated to your bottom-line success in the North American market. The content and connections it delivers will accelerate your sales, reinforce your brand and give you a sustainable competitive advantage in the market. Whether your company is a niche or general job board, aggregator, talent marketplace, programmatic platform, conversational AI solution, chatbot, ATS, recruitment marketing solution, recruitment advertising agency, CRM platform, interviewing or assessment system or talent technology consultancy, this event will supercharge your company. So, don’t delay; register today.