Curated Intel from the Talent Tech Industry
September 6-12, 2021:
• Knoetic, an HR startup with a CHRO social network, raised $18 million in Series A funding;
• Indeed & Blockchain Algorithms team up to become more inclusive in hiring;
• IT leaders adjust hiring strategies with tech talent even more in demand;
• YouCruit raises $11.5M for driver hiring app Lanefinder; and
• Here’s one way to solve the talent crisis: Meet Altos Labs, Silicon Valley’s latest wild bet on living forever.
• The TAtech Talent Technology Buyer’s Guide is a one-of-a-kind resource for recruiters. The only database available to talent acquisition teams that features solution providers with both state-of-the-art products and business practices they can count on.
Knoetic Raises $18 Million for HR Technology
Knoetic, a human resources (HR) startup company in New York, has raised $18 million in Series A funding. The Series A funding round was led by Accel, a venture capital company. The Knoetic Series A funding round is notable for the variety of participating investors. More than 100 angel investors, including best-selling author Adam Grant and executives from LinkedIn, Box, and Johnson & Johnson, have invested in the human resources company. The startup company is currently developing a two-part business model. On the one hand, Knoetic is an exclusive social network for HR executives (i.e., chief people officers). To maintain quality, the social network operates on a referral basis. On the other hand, the company also offers software-as-a-service analytics for HR. The company is betting that its combination of exclusive networking and analytics will help it to stand out.
Indeed & Blockchain Algorithms Team Up to Become More Inclusive in Hiring
Global job site, Indeed and Blockchain Algorithms today launched a neurodiversity "toolkit" to help companies become more inclusive in hiring. Neurodiversity refers to the wide range of differences in individuals' brain function and behavioural traits, and includes autism, ADHD, Asperger's syndrome, dyslexia and dyspraxia. A best practice approach is that this type of diversity be as recognised and respected as other differences in the workplace - such as any other such as gender, race or sexual orientation - to ensure an inclusive and optimal work environment. The toolkit includes explanations of neurodiversity, provides practical advice for hiring managers and HR teams, as well as a sample job description. It also notes that employers who accommodate neurodiverse employees in the hiring process will reap the rewards of higher productivity, more creativity and better retention rates.
IT Leaders Adjust Hiring Strategies With Tech Talent Even More in Demand
Information-technology leaders say they are boosting compensation packages and flexible work options to widen the pool of prospective job candidates, as demand surges for tech talent. The IT job market in the U.S. has added an average of about 13,000 positions during each month of 2021 so far, up from a typical monthly average of between 5,000 and 8,000 jobs, said Victor Janulaitis, chief executive of Utah-based consulting firm Janco Associates Inc., which analyzes data from the Bureau of Labor Statistics. Growth in the IT job market has been largely driven by the push toward digital initiatives such as e-commerce during the pandemic, as well as the need for cybersecurity experts, he said. Overall demand for workers in the U.S. remained strong, with postings on job-search site Indeed.com up about 39% at the end of August from February 2020, The Wall Street Journal previously reported.
YouCruit Raises $11.5M For Driver Hiring App Lanefinder
In recent months, trucking companies have focused on securing drivers as truckload demand continues to soar, driving rates to all-time levels. Without drivers to fill their trucks, carriers continue to find themselves leaving business on the table. Conversely, with companies offering them progressive incentive packages and regulations hindering their work-life balance, drivers find themselves looking for the best opportunities available. This ever-fluctuating job market is why recruiting software company YouCruit has built its trucking industry labor marketplace application Lanefinder — to offer drivers a simple way to explore available industry positions. Now, YouCruit has announced it received an $11.5 million investment to support the continued growth of its trucking industry marketplace application. Coeli Investments led the round with participation from Viarp Invest, Primas Invest, Djakne Startup Studio and other undisclosed investors. The company has raised $20.5 million in total for developing niche industry recruiting applications. This is its first investment under its strategy and focus on improving hiring in the trucking industry. "YouCruit was founded in 2012 as a general recruitment marketing tool focusing on multiple industries but since last year had a one industry focus — trucking.
Here’s one way to solve the talent crisis: Meet Altos Labs, Silicon Valley’s latest wild bet on living forever.
Last October, a large group of scientists made their way to Yuri Milner’s super-mansion in the Los Altos Hills above Palo Alto. They were tested for covid-19 and wore masks as they assembled in a theater on the property for a two-day scientific conference. Others joined by teleconference. The topic: how biotechnology might be used to make people younger. Milner is a Russian-born billionaire who made a fortune on Facebook and Mail.ru and previously started the glitzy black-tie Breakthrough Prizes, $3 million awards given each year to outstanding physicists, biologists, and mathematicians. But Milner’s enthusiasm for science was taking a provocative and specific new direction. As the scientific sessions progressed, experts took the stage to describe radical attempts at “rejuvenating” animals. That meeting has now led to the formation of an ambitious new anti-aging company called Altos Labs, according to people familiar with the plans. Altos is pursuing biological reprogramming technology, a way to rejuvenate cells in the lab that some scientists think could be extended to revitalize entire animal bodies, ultimately prolonging human life.
A Talent Technology Buyer’s Guide Recruiters Can Count On
There are a bazillion talent technology companies out there, offering all kinds of recruiting products. How do recruiters know which are credible and worth your consideration? They turn to the TAtech Talent Technology Buyer’s Guide. This database only lists organizations that have great talent technology AND ascribe to the TAtech Code of Ethics. That makes it a unique resource that recruiters can count on to feature solution providers with BOTH state-of-the-art talent acquisition products and the highest standard of business practices!