Curated Intel from the Talent Tech Industry
April 4-10, 2022:
• Postponing the oft-predicted demise of resumes: Talent.com to launch resume database;
• Worrying about what the future holds: Study finds GenZ anxious about career prospects;
• Connecting women at the top: Leadership network Chief becomes unicorn with $100M raise;
• Shining a light into the black box: HireVue introduces an AI “Explainability Statement”;
• Focusing on the facts: TAtech launches Start Smart podcast to assess the latest TA research.
PLUS
• Increase your company’s market visibility – be seen by industry analysts! That’s just one of the possibilities at TAtech North America & The World Job Board Forum. It features both a panel of leading analysts sharing the secrets to making a good first impression and the opportunity to meet with them in the conference’s Deal Center. Don’t miss this unique opportunity.
Talent.com to launch resume database
Talent.com the global jobs aggregator, recently raised $120 million in new funding. Just before that announcement I caught up with Cindy Klein, Senior Vice President with Talent.com. With more than 30 million jobs available in 79 countries, Talent.com in a multi-national firm and has established itself as one of the largest sources of employment around the world. With 15+ years of experience in executive positions in recruitment marketing and sales, Cindy presently oversees the company’s North American market. In this interview Cindy reveals they are working on a new searchable resume database for employers.
Study: Gen Z Anxious About Skills, Career Clarity
Members of Generation Z—the oldest of whom turn 23 this year—are disillusioned and anxious about their careers when they enter the workforce, according to The Readiness Index, a global report from LHH, a subsidiary of Adecco Group. Corporate leaders must start making bigger investments in young people who are hungry for opportunities to utilize their skills, said Marie-Clare Race, Ph.D., psychologist and chief innovation and product officer at LHH. More than one-third (34 percent) of respondents ages 18 to 24 did not think they could use their existing skill sets at work, the survey found; 33 percent did not think they could control the next steps in their careers and 55 percent said they were anxious about taking that next step.
Women’s leadership network Chief becomes unicorn with $100M Series B round
Chief, a US-based private network for women in leadership, has raised $100 million in Series B funding led by CapitalG, an independent growth fund of Google parent company, Alphabet, at a valuation of $1.1 billion. With this, the company has entered into the unicorn club. The round also saw participation from General Catalyst, GGV Capital, Inspired Capital, Primary Venture Partners, Flybridge Capital Partners, and BoxGroup. The company said the fresh capital will be used to invest in its platform, including the addition of more personalisation features that better connect members and serve them relevant business insights, as per a TechCrunch report. Founded by CEO Carolyn Childers and Lindsay Kaplan in 2019, Chief’s platform now has more than 12,000 female business leaders – largely C-suite executives and vice presidents – in its network, from companies including HBO, American Express, Nike, Google, Goldman Sachs, NASA, Apple, IBM, Netflix, and Lockheed Martin. Another 60,000 women are on its waitlist, the TC report added.
HireVue launches the HR Industry’s First AI Explainability Statement!
HireVue considers the ethical development of AI, candidate transparency and, privacy to be core values of the business. HireVue’s AI Explainability statement is the latest proactive step to ensure that its technology is at the forefront of emerging best practices in the use of HR hiring technologies. The Explainability Statement, together with previously commissioned independent audits, provides customers with meaningful information about the logic involved in HireVue’s technology. Together they are the latest tools to help companies understand the processing of personal data.
TAtech launches the Start Smart podcast to examine TA research reports
There are a lot of wonderful podcasts in the TA space, most of which focus on recruiting strategies and tactics. Now, there’s one that focuses on the latest research – the facts – related to the world of work, the state-of-the-art in talent technology, the changing dynamics in the job market and the emerging trends among working men and women – Start Smart. The podcast is cohosted by a Vice President of Talent Acquisition, an Industry Analyst and TAtech’s CEO, ensuring that the facts are examined from three perspectives: that of employers, influencers and solution providers. It is a fortnightly show that runs just 30-minutes so listening fits easily into even the most hectic schedule. Download each episode at Spotify, Apple podcasts, Google podcasts or listen at the link below on TAtech.org.
Meet the Analysts Who Make a Difference in Talent Technology Sales
Industry analysts are important for two reasons: they heavily influence employers’ purchases of technology, and VCs and private equity companies often rely on their views when making investment decisions. Whether you’re a new version of a job board or job marketplace or a recruitment marketing solution with a new feature, whether you’re advancing the capabilities of conversational AI or pushing the envelope in programmatic ad buying or candidate management systems, you’ve got a story to tell to analysts in the HR/TA field … and now you’ll get your chance at TAtech North America & The World Job Board Forum. The conference will be held on May 31-June 2 in Austin and feature a Who’s Who of industry analysts. Join us!