Curated Intel from the Talent Tech Industry
September 19-25, 2022:
• Buying a sofa while job searching: Mobile marketplace OfferUp adds job posts with apply in app;
• Creating real uncertainty: Questions abound on how NYC’s new AI bias prevention law will work;
• Moving career starters into the mainstream: JobTeaser expands with purchase of Graduateland;
• Leveling the playing field: Transparency is now the name of the game as TA remains a challenge;
• Targeting top prospects: Apple uses 3 interview questions to rapidly identify the best applicants.
• Eliminating the fear and spotlighting the capabilities of Artificial Intelligence. That’s what the TAtech Leadership Summit on Applications of Recruiting AI for Enterprise Employers is all about. If your product uses machine learning or any other form of AI, this is one event you should not miss. So, join us on October 25 at the University of Chicago Graduate School of Business in Chicago, IL USA.
OfferUp adds job listings to its mobile marketplace, allowing users to search for work in app
While you’re looking for a used couch, bike, baby stroller or some other random item on OfferUp, maybe you can find a job as well. The Seattle-area startup has added job listings to its popular peer-to-peer marketplace with the launch of OfferUp Jobs in the company’s mobile app. The service, which OfferUp has been testing in select U.S. regions, became available to all users on Thursday. OfferUp Jobs allows job seekers to search by keyword, filter jobs by location, or browse jobs in the feed. Users can apply directly from their mobile device and all interaction or status of applications is handled by the employer. Users can’t post their own job offers — OfferUp is working with a third-party provider. The company said more than 1 million OfferUp users have tried the service already, and it promised more updates to the feature in the coming months. (See more details in this FAQ.)
New York’s Landmark AI Bias Law Prompts Uncertainty
Businesses and their service providers are grappling with how to comply with New York City’s mandate for audits of artificial intelligence systems used in hiring. A New York City law that comes into effect in January will require companies to conduct audits to assess biases, including along race and gender lines, in the AI systems they use in hiring. Under New York’s law, the hiring company is ultimately liable—and can face fines—for violations. But the requirement has posed some compliance challenges. Unlike familiar financial audits, refined over decades of accounting experience, the AI audit process is new and without clearly established guidelines. “There is a major concern, which is it’s not clear exactly what constitutes an AI audit,” said Andrew Burt, managing partner at AI-focused law firm BNH. “If you are an organization that’s using some type of these tools…it can be pretty confusing.”
JobTeaser buys Graduateland to drive European expansion
New graduates are the leaders of the tomorrow. So, companies have to be laser-focused on figuring out how to attract career starters into their organizations. Of course, technology is on hand to help HR teams successfully find and hire young talent. One example is French-based JobTeaser, which helps the likes of HSBC, Lidl and L’Oréal hire young talent across 25 countries. But now JobTeaser is expanding its reach across Northern Europe by merging with Nordic early career portal Graduateland. The Danish-headquartered company already works with organizations such as Novo Nordisk, the European Investment Bank and Red Bull. The acquisition means the combined company will have a pool of 5 million students and graduates from across 750 universities and schools in Europe, and provide them with access to 250,000 recruiters. Long term, the pair want to have the largest pool of young talent in Europe to employers and recruiters, as well as open the door of Europe’s biggest companies to students and new graduates by partnering with universities.
Transparency is the Name of the Talent-Acquisition Game, Execs Say
The talent game has changed, and employers need to think critically about their hiring strategies, according to Kelsey Ruwe, chief of staff at Carson Group. The name of the game is transparency, which extends from conversations about salary to those about job descriptions and company culture. According to a Charles Schwab 2022 RIA Benchmarking Study, recruiting staff is top-of-mind industrywide, even ahead of acquiring new clients. And for good reason: More than 70,000 new hires are expected to be made within the industry over the next five years, according to the study. Accompanying that hiring wave? A new mindset. “We can't just sit back and wait for people to apply,” Ruwe said during a session at Carson’s Excell conference in Las Vegas last week. “We've got to be really strong in who we are, who we are as a culture, and our talent philosophy, and build that purpose and mission.” Anand Sekhar, vice president of practice management and consulting at Fidelity Investments, echoed the importance of culture. “You have to align personal mission with the firm’s mission,” he said, and then pointed to nonprofits which do just that. However, he suggested replacing the phrase “recruiting” with “attracting talent” because recruiting suggests employees moving from company to company within the same industry, which doesn’t expand or diversify the talent pool, he noted.
Apple Secretly Uses These 3 Interview Tests to Separate Candidates
It's no secret that Apple is known as one of the world's top employers, which in turn attracts some of the world's top talent. Being in the fortunate position of receiving a high volume of applicants, the tech giant faces the challenge all hiring managers face, but on a larger scale: How to quickly weed through candidates who seem great on paper to discover the best fit for the real world. Apple has found the solution--and it's been brilliantly using it under the radar. To find the best fit for its open positions, Apple deploys three tests during interviews, all unbeknownst to interviewees. Much like the company's strangely genius interview question "Is a coconut a fruit?"--which tests a candidate's ability to roll with distractions and humor others the way one might in a day in the office--its undercover interview tests help uncover which candidates are a great fit for the team's dynamic and company culture.
Making the Power & Promise of AI a Mainstream Application
Eliminating the fear and spotlighting the capabilities of Artificial Intelligence. That’s what the TAtech Leadership Summit on Applications of Recruiting AI for Enterprise Employers is all about. If your product uses machine learning or any other form of AI, this is one event you should not miss. So, join us on October 25 at the University of Chicago Graduate School of Business in Chicago, IL USA. This unique one-day event is specifically designed to promote connections among busy corporate and industry leaders. Its program provides a deep dive into an array of AI applications with plenty of time left over for senior-level peer-to-peer interaction. That makes it the perfect venue for building your brand and generating sales leads. Sponsorships are still available, but going fast so contact TAtech CEO Peter Weddle (firstname.lastname@example.org) right away!