The Latest from the Talent Tech Industry
April 19-25, 2021: Jobcase acquires Upward.net to further expand its reach in connecting workers and bolstering hiring; Europe unveils the draft of strict regulations governing the use of AI in hiring decisions; RippleMatch raises $23.5M for its early career “job board marketplace” and new CRM; HOW Institute for Society survey finds a lack of moral leadership in business today and the potential for degraded company performance; Jobvite, JazzHR and NXTThing RPO join forces to create “the most comprehensive provider of talent acquisition and recruiting solutions for organizations of all sizes;” Dice unveils IntelliSearch(tm) Jobs and Careers which automatically connects tech talent with relevant job opportunities; Biospace, Inc. acquires MedReps to expand into the medical device and diagnostic sectors; PLUS NewZ Makers: @DanSapir, @DanLevin
Jobcase Acquires Upward.net To Further Expand Reach to Connect Workers and Bolster Hiring
Jobcase, the social platform dedicated to empowering and advocating for workers, announced the expansion of its network and its job matching capabilities through the acquisition of leading job matching platform Upward.net. This is Jobcase's first major acquisition as it expands the reach of the Jobcase Network in order to serve its members and accelerate the pace, scale and efficiency with which employers can hire them. Jobcase, already serving more than 110 million registered members and nearly 20 million monthly active unique users, will increase its digital footprint by over 30% with the addition of Upward (placing the combined network as the 3rd largest online career destination). Jobcase serves members by providing a set of hiring and career navigation tools, community and connections, and a network of sites owned, operated or powered by Jobcase technology to help leverage success and remove friction in the talent marketplace.
Europe proposes strict regulation of artificial intelligence
The European Union unveiled strict regulations to govern the use of artificial intelligence, a first-of-its-kind policy that outlines how companies and governments can use a technology seen as one of the most significant, but ethically fraught, scientific breakthroughs in recent memory. Presented at a news briefing in Brussels, the draft rules would set limits around the use of artificial intelligence in a range of activities, from self-driving cars to hiring decisions, school enrollment selections and the scoring of exams. It would also cover the use of artificial intelligence by law enforcement and court systems — areas considered “high risk” because they could threaten people’s safety or fundamental rights.
RippleMatch Raises $23.5M for Early Career Job Board Marketplace and Announces New CRM
RippleMatch announced a $25 million Series A round of venture capital for its job board marketplace focused on new grads and early careers. This brings its total raised to $34.2 million. RippleMatch appears to be a straight forward early recruiting site. “Integrated” to a reported 1200+ campuses, providing “AI matching” between candidates and jobs, the ability to target diversity recruiting, manage campus and recruiting events, and providing space for employers to represent their brands. All of the capabilities that employers investing in targeting early career talent expect. RippleMatch won’t appreciate being categorized as a job board marketplace, and they’ve announced a CRM for employers to leverage and nurture candidates, expected in Spring 2021. Depth of capabilities in the CRM may move them into the recruitment marketing space.
The Myths of Moral Leadership
According to the HOW Institute for Society, which surveyed 2,305 people from a wide range of industries and organizations representing all levels of responsibilities, the demand for moral leadership in business and, by extension, the world at large is greater and more urgent than ever. But despite this urgent demand, there is an unfortunate lack of such moral leadership. This isn’t just a philosophical or moral problem; it’s very much a business and economic problem, as well. This is because organizations with strong moral leadership quite simply perform better across a range of outcomes. Part of the problem is that there’s a fair amount of confusion about what moral leadership actually looks like. This is obviously important since it’s only when we have a clear understanding of what moral leadership looks like that we can accurately assess whether it is present or absent in any given organization, as well as what can be done to cultivate it.
Jobvite, JazzHR, and NXTThing RPO Join Forces to Create Market Leader in Talent Acquisition
Jobvite, the leading end-to-end talent acquisition solution provider, announced it is joining forces with JazzHR, the leading recruiting software provider for small and medium-sized businesses, and NXTThing RPO, a high-growth recruitment process outsourcing (RPO) company. Backed by K1 Investment Management, the transaction combines three complementary companies to form the most comprehensive provider of talent acquisition and recruiting solutions for organizations of all sizes, spanning from SMBs to global enterprises. JazzHR’s Pete Lamson will serve as CEO and will lead the next phase of growth for the company. Aman Brar will continue to provide strategic direction to the organization by joining the Board of Directors.
Dice Releases IntelliSearch(tm) Jobs and Alerts, Automatically Delivering the Most Relevant Career Opportunities for Technologists
Dice, a DHI Group, Inc. brand (NYSE: DHX), announced the release of IntelliSearch(tm) Jobs and Alerts, which automatically deliver the most relevant opportunities to tech professionals based on their Dice Candidate Profile. IntelliSearch Jobs and Alerts simplify the user experience for technologists by allowing them to see jobs fitting their skills and experience without performing a search, and benefits recruiters and hiring organizations by increasing visibility and application rates for posted roles. Dice IntelliSearch Jobs and Alerts deliver employers’ jobs directly to the candidates whose profiles best match a recruiter's open opportunities, increasing job views and application rates by talented, unique technologists.
Original Source: Company press release
BioSpace, Inc. Acquires MedReps
BioSpace, Inc. announced it has acquired MedReps, the leading career platform for medical sales positions. The acquisition strengthens the Company's position as the leader in online recruitment for the life sciences industry. "The acquisition of MedReps extends our capabilities and further establishes our position as a leading partner for life sciences organizations," said Joshua Goodwin, CEO of BioSpace, Inc. "The BioSpace and MedReps services complement each other with BioSpace's traditional strength in biotech and MedRep's focus on the medical device and diagnostic sectors. This was also an opportunity to combine two incredible teams that share the same passion and drive to serve the life sciences community at a time when we are experiencing incredible growth." MedReps was founded in 2000 and is the preferred job site of the pharma and medical sales community. Over the past 20 years, MedReps has built a valuable community of over 300,000 members that utilize the platform for medical device, pharmaceutical, and biotech sales jobs and career resources.
Talent Tech NewZ Makers
Dan Sapir takes on a new role as General Manager Americas / VP Global Partnerships & Business Development at Joveo.
Dan Levin is appointed CEO at Degreed. Previously, he was President and COO at Box.