TAtech Global News Bulletin, "Google for Jobs expands, Joveo raises money & Job.com does too – with its own bitcoin"
A weekly summary of trending news & commentary for busy talent acquisition technology execs and professionals.
“Blockchain, the underlying technology that powers bitcoin, is one of the buzzwords of the past year. Practically everyone is talking about blockchain, and for good reason. Distributed ledgers, the term of art for blockchain’s underlying technology, offer an exciting new way to transact business without a central authority. Here’s a nontechnical, simplified description of the component parts.
A blockchain, or distributed ledger, is a continuously growing list (digital file) of encrypted transactions called “blocks” that are distributed (copied) to a peer-to-peer (P2P) network of computers…”
Shelly Palmer, What is Blockchain?, February 4, 2018
JOB BOARDS, SOCIAL MEDIA SITES & RECRUITMENT ADVERTISING
Google has announced that people looking for work in Chile, Mexico, Argentina, Brazil, and Colombia can now use their search engine to find information on available job offers more quickly and easily. Job seekers can use either their mobile device with Android or the Web to explore jobs online. The functionality – called Google for Jobs – was released in the U.S. several months ago.
Joveo announced a Series A funding round of $5 million, led by Nexus Venture Partners. The site is an advertising technology platform similar to Appcast and Recruitics. It has roots in India but has been expanding their US team this past year. According to a report in BWDisrupt, Joveo will use the funding to continue to “accelerate its product offerings, expand its partnerships and scale its AI/deep learning layer. Apart from the funding announcement, the company also announced their acquisition of Ripple Media Inc., a programmatic media buyer which partners with agencies to provide an open publisher marketplace and trading expertise.” Source: HR/Tech/Talent
Staffing Industry Analysts, citing The Conference Board’s report on online job ads, reported that US online job ads remained essentially unchanged in January, edging up by 1,200 to more than 4.9 million. The January figure follows a gain of 241,400 online job ads in December. Seven of the 10 largest online job categories posted increases in December. Sales and related ads posted the largest increase, up 30,800 to a totally of 476,900, followed by computer and mathematical science, which gained 23,200 for a total of 524,400 ads. Education, training and library ads decreased by 60,400 to a total of 167,900 and healthcare practitioners and technical ads fell by 12,900 to a total of 606,700; food preparation and serving related ads fell by 3,700 to 234,300 ads.
ZipRecruiter is in the news as well. According to Recode, the site is on the hunt for an additional $50 million round of funding that would put its valuation near $1 billion. Recode says the funds will likely come from a “major financial institution as opposed to a venture capital firm. The company was last valued at $300 million, according to PitchBook, after accepting $63 million in a round led by IVP. The company operated for four years without taking outside funding.” Source: HR/Tech/Talent
SOURCING, MATCHING, ASSESSING, COMMUNICATING (SMAC) TECHNOLOGY
Job.com is seeking to raise $30-50 million in tokens to finance a blockchain-based hiring platform. The company’s co-founder, Arran Stewart, claims the platform will launch immediately after the funds come in. Recruitment fees will be set at 20% to 6% on the new platform, with 80% of that 6% sent to the new employee as a signing bonus. The catch, however, is that the bonus will be paid in Job.com’s own currency, JOB. According to Job.com, candidates will have full control over their privacy and personal data. Also, companies will be able to use the new platform for free, including job listings and job matching. Source: Jobs Portal Watch
Jobeum, a blockchain recruitment platform has partnered with ShoCard, a blockchain mobile-identity platform with the goal to deliver a complete digital reputation solution for Jobeum’s users. Jobeum is a regionalized network for business professionals. The platform uses blockchain to keep documents on employment, education, completed projects, and more and the records within profiles are cross-validated by the community. The platform plans to join partnerships with universities and other companies so that certificates and employment records for people can be stored on the blockchain. Users will then be able to sort which portions of their profiles are public and which are kept private. Source: BlockTribune
kununu launched a two-way dialogue feature to its company profiles. The enhancement gives both companies and job seekers the opportunity to have their voices heard by asking and answering questions in real time. The Question-and-Answer feature gives job seekers access to another thread of knowledge, in addition to regular reviews, as well as the option to post questions that may not be answered through employer profile or review content. Anyone who has taken the time to leave a review, along with company representatives, is alerted to new questions and can respond in order to help job seekers learn more about the companies to which they want to apply. Source: ERE
Recruiter.com announced the release of an updated user experience for recruiters on its website. The new software’s streamlined user experience makes it easier for recruiters to search for, source, and submit candidates. Recruiters also now have access to new sets of metrics and statistics to track and analyze their performance on the platform.
Cut-e announced the launch of a new platform for creating, implementing and analyzing bias-free, data-driven video assessments. Called vidAssess, the platform helps recruiters to create a customized interview experience that focuses on the requirements of the role, enabling them to see and hear candidates at an early stage of the selection process. It offers the logistical freedom to conduct many more candidate interviews and to quickly and consistently assess each person’s suitability for the job.
AI & MACHINE LEARNING
There’s still time to attend the TAtech Leadership Summit on AI & Machine Learning in Talent Acquisition, to be held in Scottsdale, Arizona on Tuesday, February 13, 2018. These technologies are definitely going to change recruiting – but how? Ask the people who actually know what they’re talking about. The Summit will be the largest-ever gathering of true subject matter experts in AI, machine learning and natural language process for talent acquisition.
STANDARDS & BEST PRACTICES
Credly, the leading digital credential platform, announced the release of DIY templates to help colleges and universities design workforce-relevant digital credentials. Created to facilitate each step required to develop employer partnerships and build credentials linked to in-demand skills, the templates were prepared by credentialing experts with experience implementing employer partnerships with higher education institutions. Colleges can use templates like the Metadata Worksheet and the Mapping Meaning to Credentials document to deepen partnerships and integrate the competencies that employers are asking for into learning outcomes. By using the templates, higher education institutions can streamline the process of employer collaboration, reducing the time required to develop programs aligned with employer-demanded skills and competencies — while also making it easier to recruit additional employer partners, improving workforce outcomes for students.
Microsoft is making a series of changes to the Windows 10 SKUs that are offered to customers, with Windows 10 S converted to S Mode, but the company is also tweaking the licensing system for device manufacturers. In its new set of requirements for OEMs that pre-install Windows 10 on their devices, it is now requiring that Edge be the default browser and that partners pre-install the LinkedIn UWP app and Office productivity suite – most likely as a trial, so a license will be required to continue using it after the expiration date.
TAtech announced that Terence Hielscher, MD of moberries.com will be delivering the Industry Keynote at TAtechEurope 2018, the leading conference in Europe for talent acquisition technology companies and their customers. The event will be held in the conference center of Croke Park Stadium, Home of the Gaelic Games, on March 13-14 in Dublin, Ireland. He joins Bogomil Balkansky, Google’s VP of Cloud Recruiting Solutionsand Renato Profico, CEO of JobCloud.ch, both of whom will also be delivering Keynotes at the event. To see the entire Agenda, please click here.
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