Curated Intel from the Talent Tech Industry
September 11-17, 2023:
• Extending the impact of recruiting: Wizehire launches ‘Onboarding and Beyond’ solution;
• Advancing objective talent management: Moira Capital invests 10M euros in The Wise Seeker;
• Replacing tweets with job ads: X (formerly Twitter) launches XHiring to enter the TA business;
• Dusting off the same old play book: Google parent Alphabet fires recruiters to reset recruitment;
• Opining that we ain’t seen nuthin’ yet: DeepMind co-founder says generative AI is just a phase.
PLUS
Get the info and contacts that will help you grow your business – attend TAtech Europe & The World Job Board Forum. Don’t miss this opportunity to attend the premier B2B conference for job boards and talent technology companies in the EMEA region! Coming up in London on December 4-6, it is the only event that’s specifically designed for company CEOs, their direct reports and rising stars and totally focused on advancing the bottom-line growth of their enterprises. So, register today and join the other thought leaders, innovators and influencers at this one-of-a-kind conference.
Wizehire Launches 'Onboarding and Beyond' Solution to Improve Employee Retention
Wizehire, a leading name in hiring, is proud to announce the launch of its new Onboarding and Beyond platform, a powerful suite of tools to elevate the employee experience and streamline the onboarding process for growing businesses. Sid Upadhyay, CEO of Wizehire, underscores the critical importance of a seamless onboarding experience: "The onboarding process is the first impression an employee has of a company, and it's our only chance to get it right. With the Onboarding and Beyond platform, we're empowering businesses to make that first impression count." According to Harvard Business Review, a formal onboarding process improves new hire retention by 50%.
Moira Capital invests 10 million in The Wise Seeker, talent platform with artificial intelligence
Moira Capital invests 10 million euros in The Wise Seeker, a unique technology platform specialized in the evaluation and management of talent objectively, through the use of artificial intelligence, adaptive algorithms and natural language processing, which aims to become the best tool to guide the itinerary of personal and professional development of a professional, accompanying him throughout his life, while offering companies a service of recruitment and management of talent, both external and internal. After this operation, Moira Capital will have a 37% stake, while the remaining 63% remains in the hands of the founders and minority shareholders. The capital increase will finance an ambitious business plan that includes, in addition to a significant investment in marketing and communication; further development of the platform, gradually incorporating new functionalities; an important commitment to the offer of training, through various strategic alliances; as well as a reinforcement of the team.
X (Formerly Known as Twitter) Launches Job Hiring Feature: A Game Changer for Job Seekers and Employers
Elon Musk is known as a bit of a risk taker, pushing boundaries across industries as diverse as energy, construction, and tech. And, since his 2022 acquisition of Twitter, Musk has continued testing norms and stirring up a bit of controversy – most recently, with the recent rebranding of X (formerly known as Twitter). Here we are, in early September 2023, and X has taken yet another bold step forward by introducing…. Drum roll… job listings. Yes, really. And what’s more surprising? We’re quite certain that X job listings – now known as XHiring – will indeed be one giant leap forward for talent sourcing. At this point you might be wondering how we got from cutting-edge tech to job listings. Well, Musk finds LinkedIn cringeworthy. In this regard, he’s more traditional than you might expect, accepting only resumes or bios over email. And Musk is taking his old-school approach public, vowing to make applying for jobs cool with the launch of XHiring. Verified organizations across X will soon be posting job vacancies with ease on their respective profiles – a definite win-win for employers and job seekers.
Alphabet layoffs: Company trades recruitment team for tech talent
Google-parent Alphabet late on Wednesday let go of hundreds of employees from its recruiting team in continuation of its efforts to operate more efficiently as macroeconomic uncertainty looms. The company, which faces stiff competition from Microsoft, AWS, IBM, and Oracle in the field of generative AI and artificial intelligence, is looking to trade non-technical roles for engineering and technical talent. “As we’ve said, we continue to invest in top engineering and technical talent while also meaningfully slowing the pace of our overall hiring,” a Google spokesperson said in an email statement. In July, Alphabet’s chief financial officer Ruth Porat, during an earnings call, said that the company would “remain very focused on durably reengineering its cost base,” despite having already laid off 12,000 staffers in January this year, which saw some recruiters impacted as well.
DeepMind’s cofounder: Generative AI is just a phase. What’s next is interactive AI
DeepMind cofounder Mustafa Suleyman wants to build a chatbot that does a whole lot more than chat. In a recent conversation I had with him, he told me that generative AI is just a phase. What’s next is interactive AI: bots that can carry out tasks you set for them by calling on other software and other people to get stuff done. He also calls for robust regulation—and doesn’t think that’ll be hard to achieve. Suleyman is not the only one talking up a future filled with ever more autonomous software. But unlike most people he has a new billion-dollar company, Inflection, with a roster of top-tier talent plucked from DeepMind, Meta, and OpenAI, and—thanks to a deal with Nvidia—one of the biggest stockpiles of specialized AI hardware in the world. Suleyman has put his money—which he tells me he both isn't interested in and wants to make more of—where his mouth is.
Beef Up Your Bottom-Line at TAtech Europe & The EMEA Job Board Forum
Get the info and contacts that will help you grow your business – attend TAtech Europe & The World Job Board Forum. Don’t miss this opportunity to attend the premier B2B conference for job boards and talent technology companies in the EMEA region! Coming up in London on December 4-6, it is the only event that’s specifically designed for company CEOs, their direct reports and rising stars and totally focused on advancing the bottom-line growth of their enterprises. Whether your company is a niche or general job board, aggregator, talent marketplace, online classifieds business, programmatic platform, chatbot, conversational AI solution, ATS, recruitment marketing solution, CRM platform, interviewing or assessment system or talent technology consultancy, this event will supercharge your sales and your profits. So, register today and join the other thought leaders, innovators and influencers at this one-of-a-kind conference.