Curated Intel from the Talent Tech Industry
May 15-21, 2023:
• Buying into a picture is worth a thousand words: Recruitics adds video recruiting solution Jamyr;
• Getting by on the cheap is gone: Indeed introduces “Healthy Budget” requirements for job ads;
• Sticking its toe into talent acquisition: Twitter has reportedly acquired hiring platform Laskie;
• Blowing the whistle in Europe: Contractor accuses Google of breaking European privacy law;
• Tearing down the building: CareerBuilder sells its international division to Greek firm Kariera.
PLUS
Worldclass content & business-building connections – that’s what you can expect at TAtech Europe & The EMEA Job Board Forum, coming up in London on December 4-6. It is the only conference in Europe and the rest of the EMEA region that is designed for job board and talent technology company CEOs, their direct reports and rising stars and totally focused on advancing the bottom-line success of their enterprises. The information and insights and the contacts and relationships it provides will accelerate your sales, reinforce your brand and give you a sustainable competitive advantage in the market. So, don’t delay; register today to take advantage of Early Bird Discounts.
Recruitics Acquires Jamyr – a Market-Leading Platform for Video Recruitment
Recruitics, the leader in data-powered programmatic advertising, engagement, and analytics for recruitment, has acquired Jamyr – an innovative video recruitment platform. Jamyr delivers employee generated video content at scale, enabling organizations of all sizes to strategically and easily engage job seekers with exceptional and relevant video content. "Video has become the dominant form of communication and it shows no signs of slowing down," said Adam Stafford, CEO of Recruitics. "Jamyr is the perfect addition to our product lineup – we have seen incredible success with video recruitment for active and passive candidates over the last several years, and Jamyr will enable our clients to scale this essential and currently underutilized medium in their recruitment processes." Jamyr is an end-to-end recruitment video content capture, curation, and hosting platform. With Jamyr, companies can easily request, record, edit, and curate employee generated recruitment video content from office and remote workers. Employee videos are built into powerful video collections that showcase companies’ authentic employer brand. Jamyr then integrates with applicant tracking systems and job landing pages to present job seekers with relevant and compelling video content in their job search when considering a potential employer.
Indeed Implements Healthy Budget Requirements
Indeed is making sweeping changes to how companies advertise on their platform. Starting June 1, 2023, Indeed will implement a minimum budget requirement for each position posted on their platform in order to maintain healthy application volumes for job and campaign performance. In the past, companies were able to set any desired budget for a job or campaign, based on their marketing needs. For example, prior to this change, some companies would use low budgets and high job volumes to purchase traffic at a very low cost per click. With these changes, companies will need to meet the new Indeed healthy budget requirements when posting on the platform. Planning to use Indeed in the future? It’s essential for companies and talent acquisition teams to understand this transition, the reason for it, and how these changes can impact a company’s media spending moving forward.
Elon Musk Moves Twitter Closer To ‘Super App’ Status With Startup Acquisition
After spending the past few months shaking up Twitter internally, Elon Musk is now looking to the future. Just days after announcing a new CEO, Twitter is reportedly acquiring tech talent hiring platform Laskie, Bloomberg first reported on Tuesday. Laskie was co-created by serial Twitter user and startup founder Chris Bakke, who previously sold hiring startup Interviewed to Indeed six years ago. Neither Laskie nor Twitter confirmed the acquisition or announced the terms of the deal. And Bakke, who I always see on my Twitter feed, has been suspiciously offline since early May. It’s a surprising move for Twitter, which recently cut upward of 3,500 employees and sold its pricey office furniture, and is still, after all that, being sued by at least six companies for not paying its bills. But perhaps the acquisition is a sign the company is on the mend. Musk previously announced Linda Yaccarino, an ex-NBCUniversal executive, will take on the role of CEO and he will act as the chief technology officer.
Google accused of breaking European privacy law by hoarding personal data of potential job candidates for years
When Mohamed Maslouh, a London-based contractor, was assigned to enter data into Google’s internal gHire recruitment system last September, he noticed something surprising. The database contained the profiles of thousands of people in the EU and U.K. whose names, phone numbers, personal email addresses and résumés dated back as far as 2011. Maslouh knew something was amiss, as he had received data-protection training from Randstad, the European human-resources giant that employed him, and was aware of the EU’s five-year-old General Data Protection Regulation (GDPR), which remained part of British law after Brexit. Under the law, companies in the European Union and U.K. may not hang on to anyone’s personal data—that is, information relating to any identifiable living person—for longer than is strictly necessary, which generally means a maximum retention time measured in weeks or months. Google may now face investigations over potential violations of the GDPR, after Maslouh filed protected whistleblower complaints with the U.K. Information Commissioner’s Office (ICO) in November and with the Irish Data Protection Commission (DPC)—which has jurisdiction over Google’s activities in the EU—in February.
CareerBuilder sells international division, lays off 60% of staff, names new CEO
CareerBuilder has signed an agreement to sell its international business to Kariera SA, a technology company that owns the leading recruitment marketplace in Greece, Kariera.gr. Private equity firm Apollo Global Management, which owns U.S.-based CareerBuilder, had been expected to sell off all or parts of the business for some time. Several factors in the deal are clear: Kariera SA is acquiring CareerBuilder sites in the U.K., France, Germany, Sweden, Netherlands, Norway, Vietnam, Singapore and the United Arab Emirates. The deal will create Kariera Group, helping to expand the Greece-based business on a global level. The group is headed up by Theofilos Vassiliadis, who founded Kariera.gr in 1997 together with Fanis Rigas and is now CEO of the company. CareerBuilder had originally acquired Kariera.gr in 2007, but sold it back to its founders and their investment partners — Stefanos Panteliadis and his brother — in 2020. Kariera Group in its new form will have more than 300 employees, offices in 10 cities and a consolidated turnover approaching 30 million euros by 2023.
TAtech Europe: Worldclass Content & Business-Building Connections
Worldclass content & business-building connections – that’s what you can expect at TAtech Europe & The EMEA Job Board Forum, coming up in London on December 4-6. It is the only conference in Europe and the rest of the EMEA region that is designed for job board and talent technology company CEOs, their direct reports and rising stars and totally focused on advancing the bottom-line success of their enterprises. The information and insights and the contacts and relationships it provides 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, online classifieds business, programmatic platform, conversational AI solution, chatbot, ATS, recruitment marketing solution, CRM platform, interviewing or assessment system or talent technology consultancy, this event will supercharge your company. So, don’t delay; register today to take advantage of Early Bird Discounts.