Curated Intel from the Talent Tech Industry
February 13-19, 2023:
• Upgrading interviews with video and AI: myInterview grabs $11M in Series A funding;
• Greeting a new day in recruitment marketing: Recruit Rooster announces new product features;
• Pushing startups to grow up: New study finds companies with “tech bro” culture lose talent;
• Growing up artificial: Microsoft’s AI chatbot is “unhinged” and wants to be human;
• Forecasting for recruiters: TAtech & Public Insight launch the TAtech Talent Market Barometer.
• TAtech has announced a blockbuster agenda for TAtech North America & The World Job Board Forum, to be held in Austin, Texas USA on May 22-24, 2023. Some of the smartest and most successful people in the talent acquisition and talent technology fields are speaking at this one-of-a-kind event. It is the only conference totally focused on the providers of talent technology and their bottom-line success. You’ll hear from the right innovators, make the right connections and have the right conversations to propel your business growth. So, register today before the Early Bird Discounts end and the price of admission goes up.
myInterview Secures $11m in Series A Funding to Help Employers Better Engage Gen Z Candidates
myInterview, the global leader in smart video interviewing software, today announced that the company has secured an $11m Series A funding round. This funding will allow myInterview to expand its product offering to meet the growing demand from leading brands for recruiting solutions that help better attract and engage talent on scale. myInterview's Series A investment round was led by the company's existing investors Aleph and Entrée Capital and new investor Jesselson Family Office, and included participation from SeedIL Ventures, Digital Horizon and Ocean Azul Partners. The myInterview platform already helps over ten thousand companies connect with candidates in a more personalized way by leveraging smart video capabilities to create a more human-centric candidate experience. myInterview's customers include 7-Eleven, Ocado, Goodwill and Six Flags, and the solution has facilitated over 7 million candidate interviews on its platform. Employers can leverage an automated and AI-augmented framework to continually identify and attract qualified staff with reduced time-to-hire cycles of up to 70%. The solution also includes team collaboration, workflow management and reporting capabilities, enterprise-grade security and seamless integration with traditional application tracking systems (ATS) and other existing HR applications.
Recruit Rooster Announces New Recruitment Innovations that Empower Talent Teams
Recruit Rooster, a leading provider of talent acquisition technology and solutions, has recently announced a suite of new recruitment solutions, including a new website that reflects their comprehensive approach to serving companies' recruitment marketing needs. Since 2017, Recruit Rooster has assisted HR teams in building their employer brands, providing positive and seamless candidate experiences, and establishing and maintaining relationships with job seekers. Recruitment teams need the latest innovations and advanced technology to support their talent attraction goals and proactive pipeline building efforts. That's why Recruit Rooster launched Talent Community Candidate Relationship Manager (CRM). Along with built in compliance tips and alerts, the CRM software allows talent acquisition professionals to provide an authentic and personalized candidate experience with content relevant to a job seeker's interests, skills, and background. To further empower recruiters, they’ve recently unveiled innovative new product features, including Text engagement, Marketing automation, Talent profiles and Data and insights.
Employers with ‘tech bro’ vibes may miss out on top talent
If startups lack gender diversity in their early days, the disparity will only increase over time — a phenomenon dubbed “diversity debt” in a recent research paper. The study’s authors found that when men far outnumber women at a startup, other women are less likely to apply. “A gender gap in applicants can create a vicious cycle of diversity debt as startups scale their workforce,” according to a Feb. 16 announcement from the University of Tennessee, Knoxville’s Haslam College of Business. Researchers asked job applicants to view one of two startup employer profiles. The employers were identical except that one showed its gender composition as 5% women and the other showed 40% women. Women were more wary of entering the former’s applicant pools than their male counterparts, the study revealed. The “diversity debt” seemed to create concerns about being singled out, marginalized or mistreated, the researchers said. Female participants offered comments such as, “I immediately get ‘tech bro’ vibes from this place, and it is somewhere I am not interested in,” and “As a woman, I feel like I wouldn’t be taken seriously.”
Microsoft’s AI chatbot is ‘unhinged’ and wants to be human
Early testers of Microsoft’s new AI chatbot have complained of receiving numerous “unhinged” messages. Most of the attention has been around Google’s rival, Bard, embarrassingly giving false information in promo material. That error, and Bard’s shambolic announcement, caused investors to panic and wiped $120 billion from the company’s value. However, unlike Microsoft, Google is yet to release its chatbot for public testing. Many have complained that it suggests Google is behind Microsoft in the chatbot race. The issues now cropping up with Microsoft’s chatbot are justifying Google’s decision not to rush its rival to market. In fact, Google AI Chief Jeff Dean reportedly even told fellow employees that the company has more “reputational risk” in providing wrong information. As aforementioned, Bard has already been caught out giving incorrect information—but at least that was only in footage and isn’t doing so to users on a daily basis. The same can’t be said for Microsoft’s chatbot. There is currently a waitlist to test Microsoft’s chatbot integration in Bing but it already seems quite widely available. The company hasn’t said how many applicants it’s accepted but over one million people signed up within the first 48 hours.
TAtech & Public Insight launch the TAtech Talent Market Barometer
TAtech and Insight Data® have partnered to launch the TAtech Talent Market Barometer. The Talent Market Barometer uses data to forecast the state of the U.S. talent acquisition marketplace on a monthly basis. Public Insight acquires the market data from Indeed and Glassdoor (Recruit Holdings) as well as select government publications and then analyzes it to produce a broad range of in-depth metrics. Why Indeed and Glassdoor? Because given their size and reach, they provide a targeted 70 percent market proxy and generate a significant trove of relevant, empirical data. The TAtech Barometer takes two of Public Insight’s library of 150 metrics - the Supply-Demand Ratio and Net Mirgration - and examines them for each of a sample of six industry sector workforce cohorts. Collectively, these cohorts represent almost half of the U.S. workforce, according to the U.S. Census Bureau: Retail; Accommodation & Food Services; Transportation & Warehousing; Professional, Scientific & Technical Services; Finance & Insurance; and Healthcare. The January Barometer will be released shortly; December's reading is now available.
Get Early Bird Discounts for TAtech North America
TAtech has announced a blockbuster agenda for TAtech North America & The World Job Board Forum, to be held in Austin, Texas USA on May 22-24, 2023. This is the only conference totally focused on the providers of talent technology and their bottom-line success. Unlike the conferences that treat talent technology companies as a subset of HR tech, this event is specifically designed to advance the growth of job boards, aggregators, talent marketplaces and the enterprises that offer programmatic solutions, conversational AI products, recruitment marketing solutions, recruitment advertising services, candidate management platforms, and interviewing and assessment systems. If that’s you, don’t miss this opportunity to hear from the right innovators, make the right connections and have the right conversations to propel your business growth. Register today before the Early Bird Discounts end and the price of admission goes up.