Curated Intel from the Talent Tech Industry
July 5-12, 2021:
• The ability to work remotely is fast becoming the new signing bonus and talent poaching strategy;
• Doximity, the social network for physicians, goes public and doubles its value in just 24 hours;
• Researchers in England and Holland pan the draft EU Artificial Intelligence Act adding to the view that it’s basically “fake ethics;”
• Web 3.0, the next generation of the world wide web, is already being built using blockchain and other technologies powering crypto and NFTs;
• TAtech North America & The World Job Board Forum is all talent technology and all about bottom-line success so register today.
Remote Work Is the New Signing Bonus
After almost a year and a half of working from home, many white-collar employees say they are not willing to return to corporate offices full-time. Even whispers of returning have been enough to send some professionals searching for an exit—and plenty of bosses are welcoming them to new jobs with the promise they can work remotely, at least most of the time. Marc Cenedella, founder and chief executive of Ladders, a job-search site for roles that pay north of $100,000 a year, says greater flexibility is shaping up as a perk that companies can wield to poach talented people. “Remote is going to be the new signing bonus,” he says. “Instead of dangling, ‘We’ll give you $10,000 if you sign for this job,’ it’ll be: ‘Instead of having to commute 35 minutes every day, go to work, and get in your car and drive 35 minutes home, you can work from your home office all the time.’ ”
How Doximity parlayed its popularity with doctors into a blockbuster IPO
Doximity exploded onto the public markets last month with an IPO that saw share values of the physician social networking startup double in 24 hours. The company raised $500 million — and the eyebrows of many industry observers — with its stock market debut, its first public fundraise since 2014. More than 10,000 physicians participated in the IPO, making them the biggest collective Doximity shareholder, according to Nate Gross, the company’s co-founder and chief strategy officer. One secret to the company’s success going from startup to stock market darling: It frequently pulls ideas from physician users and the members of its scientific advisory board, who regularly participate in company brainstorming sessions and events, Gross told STAT. That’s how Doximity came up with the plan to create the telehealth platform Dialer, which launched in 2020.
The Failings of the Draft EU Artificial Intelligence Act
A new legal critique of the European Union’s draft ‘AI Act’ levels a wide array of criticisms at the proposed regulations released in April, concluding that much of the document is ‘stitched together’ from scarcely applicable 1980s consumer regulation; that it actually promotes a deregulated AI environment in Europe, rather than bringing the sector under coherent regulation; and – among a slew of other criticisms – that the proposals map out a future regulatory AI framework that has ‘little sense and impact’. Entitled Demystifying the Draft EU Artificial Intelligence Act, the pre-print is a collaboration between researchers from UCL London and Radboud University in Nijmegen. The paper adds to a growing body of negative opinion about the proposed implementation (rather than the much-admired intent) of a regulatory AI framework, including the contention in April of one of the draft regulation’s own contributors that the proposed guidelines are ‘lukewarm, short-sighted and deliberately vague’, which characterized the European Commission’s document as a proponent of ‘fake ethics’.
Web 3.0 Things You Should Know
The next generation of the World Wide Web (Web 3.0) is being built on blockchains using tools and technologies similar to the ones that empower cryptocurrency, NFTs, smart contracts, and the world of DeFi. If Web 3.0 reaches its full potential, it will quite literally change the world. That’s a bold claim, so we need some bold evidence. Let’s start with a little demonstration. To access content using a Web 2.0 browser, you enter a URL (Uniform Resource Locator). Said differently, you need to know the “location” of the resource you wish to access. For example, www.shellypalmer.com is located at 22.214.171.124. A DNS (domain name server) keeps an index of which name matches which location (address). Web 3.0 websites and apps can’t have a location; the content is distributed over peer-to-peer networks, so instead of using a URL, you find your distributed content with a unique content identifier or CID. (This is IPFS nomenclature and may not be a term used by other applications, but it is conceptually correct.)
TAtech North America & The World Job Board Forum is Talent Tech Only & All About Bottom-Line Success
TAtech’s annual blockbuster conference will be the first IN-PERSON event in the talent technology industry in over a year. To be collocated with the SHRM Talent Management Conference & Expo – enabling you to score B2C and B2B meetings in a single business trip – TAtech North America & The World Job Board Forum will be held on August 23-25 in Las Vegas. The conference puts the business of talent technology front and center, not off in some corner of a huge HR tech conference. It features the TAtech Deal Center for exploring strategic partnerships, possible mergers and acquisitions, and new product developments as well as one-of-a-kind thought leadership and networking.