Rectech: The Recruiting Technology Podcast

Deloitte announced that it has acquired all of the assets of SimplrOps, a boutique enterprise software-as-a-service (SaaS) technology company known for streamlining and automating Workday, SAP and Oracle operations and implementations. https://hrtechfeed.com/deloitte-acquires-hcm-tech-play/ SAN FRANCISCO — Final Round AI, an AI-powered platform transforming how people find jobs, today announced the successful close of a $6.88 million oversubscribed seed funding round. With backing from Uncork Capital, Final Round AI is on a mission to become the “Robin Hood of the modern recruiting industry,” making career transitions faster, smarter, and more equitable.  https://hrtechfeed.com/interview-copilot-tool-lands-6-88-million-in-funding/ Talroo, the leading provider of technology to power the recruitment of frontline and skilled trades professionals, today introduced a new technology partnership with UKG TalentXi, a leading recruitment marketing platform, will partner with Betterleap The Adecco Group, has st

Venero Capital Advisors' 2024 Q4 WorkTech Market Update report analyzes the WorkTech industry's mergers and acquisitions (M&A) activity and investment trends. The report highlights a growing market, driven by technological innovation, particularly in artificial intelligence (AI) and AI agents. M&A activity is robust, with high valuations for high-performing companies, and private equity involvement is significant. Investment activity, while lower than previous years, remains focused on AI-driven solutions and skills-based development. The report also examines the evolving competitive landscape and provides an outlook for 2025. Get the report: https://www.venerocapitaladvisors.com/news/2025-report-the-new-wave-of-worktech-innovation

1848 Ventures, a venture studio developing AI-powered solutions that drive growth for small and medium businesses, announced the launch of Propel People.  Propel People is an AI-powered recruiting platform purpose-built for the construction industry, designed to help HR teams hire skilled tradespeople faster and more efficiently. https://hrtechfeed.com/construction-focused-ats-platform-launches/ Paylocity announces new enhancements to its Recruiting platform that enable hiring teams to not only streamline and accelerate hiring processes but also improve the quality of candidate searches. https://hrtechfeed.com/paylocity-unveils-new-recruiting-innovations-to-meet-the-demands-of-high-volume-hiring-and-elevate-the-candidate-experience/ Teal, the AI-powered career platform, announced it raised $7.5 million in Series A funding, bringing the company’s total capital to $19 million. The new financing, co-led by CityLight Capital and Flybridge, with participation from Rethink Capital Partners and Lerer Hippeau

Twill, a next-generation talent platform that connects companies with vetted tech professionals through peer recommendations, has raised $1.4M in pre-seed funding  we’ll talk to their CEO Michelle Volberg about what’s next.

Holly, an AI-powered platform modernizing government hiring, announced today the close of its $2.2 million oversubscribed pre-seed round, led by J2 Ventures …. The funding will support Holly’s platform as it works to solve the million-job government workforce vacancy crisis. https://hrtechfeed.com/government-hiring-platform-lands-2-2m/ Job seekers looking for specialized positions can now find a comprehensive directory of niche job boards at JobBoardHive.com. This one-stop resource makes it easier than ever to target specific industries and professions, leading to a more efficient and successful job search. https://hrtechfeed.com/new-directory-connects-job-seekers-employers-with-niche-job-boards/ Daily Muse, Inc., the operator of themuse.com and fairygodboss.com, announces the addition of Purpose Jobs to its portfolio of employer branding and talent attraction solutions. This strategic transaction enhances The Muse’s offerings, particularly for employers in federal, state, and local governments, levera

HiringBranch offers an AI voice and chat soft skills assessment platform.  Co-Founder and CEO Stephane Rivard confidently predicts AI will soon replace interviews and they just landed 5 million canadian dollars to prove it. This latest funding will help the company expand globally into Latin America, Asia, and the UK.

New formed EOR company Employer.com has acquired small business accounting platform Bench. https://hrtechfeed.com/employer-com-acquires-bench-accounting/ Humareso, a global leader in human resources consulting and talent development solutions, is thrilled to announce its acquisition of Rhabit Analytics, a cutting-edge provider of employee performance and engagement analytics. This strategic acquisition underscores Humareso’s commitment to delivering data-driven, innovative solutions that empower organizations to unlock the full potential of their workforce. https://hrtechfeed.com/humareso-acquires-rhabit-analytics/ Paychex, Inc.  an industry-leading human capital management (HCM) company delivering a full suite of technology and advisory solutions in human resources, employee benefit solutions, insurance, and payroll today announced it has entered into a definitive agreement to acquire Paycor HCM, a leading provider of HCM, payroll and talent software in an all-cash transaction for $22.50 per share, repre

The 2024 State of Job Hunting report, recently released by Greenhouse, a leading hiring platform, paints a challenging picture of the current job market. Despite nearly half of US workers actively seeking new opportunities, a significant portion experiences heightened anxiety due to a broken hiring system – we’ll talk about it next with co-founder Jon Stross. https://www.greenhouse.com/blog/greenhouse-2024-state-of-job-hunting-report

I asked Notebook LM to do a deep dive on the recent Greenhouse Software state of job hunting report. It did an excellent job at breaking down the key points of what currently happening out there. https://recruitingheadlines.com/the-current-state-of-job-hunting/

Andela ® Inc., one of the world’s largest private marketplaces for technical talent, announced the addition of an embedded dashboard with a complete view of key metrics, including time to hire, existing positions, active talent, total spend, and hiring progress; helping decision-makers better manage and optimize talent pipelines and performance in real-time.  Wonolo, an always-on staffing solution connecting businesses with millions of workers across the United States, today unveiled its AI-powered, end-to-end job management solution. This innovative platform streamlines job posting, improves job matching with real-time insights, and enhances transparency for Wonolo workers. This enhancement leverages industry insights to craft better job descriptions, thus improving worker quality and job matching while streamlining the overall process. Using Wonolo’s AI-powered solution, HelloPackage, an onsite package management system, has improved job workflow efficiency by 40%. https://hrtechfeed.com/new-hr-tech-fro

This episode is sponsored by Dalia.co and FastTalent.com Lumina, the leading supplier of Visual Job Postings to the recruitment industry,announced a strategic partnership with Indeed. https://hrtechfeed.com/lumina-video-tool-partners-with-indeed/ Don’t miss Skills Day on December 11 at 10am ET as industry experts from leading organizations including Deloitte, EPAM, Truist, and PwC Germany share real-world examples and guidance for using skills data to enhance hiring and retention. Save your seat Viser announced a powerful new agent-based workforce AI platform that allows HRIT leaders and peopletech product teams to create powerful and secure agentic AI solutions.  Designed to give organizations a Workforce AI Edge, this first-of-its-kind agent-based AI platform provides technical teams the foundation to launch their own team of AI-based agents that brings together all the critical enterprise data across people and work.  https://hrtechfeed.com/visier-launches-analytic-ai-agent-platform/ And finally

Jesse Tinsley is the CEO of Recriter.com, an OnDemand recruiting platform. But he also now leads BountyJobs, Before You Apply and the newly acquired Employer.com which he acquired for a whopping $450K. 

ZipRecruiter® and conversational recruiting company Paradox have teamed up to help enterprise companies simplify hiring. Recruiting teams using the Paradox Conversational Applicant Tracking System (ATS) can now use a new integration to access ZipRecruiter’s millions of job seekers and easy application experience for their open roles. https://hrtechfeed.com/ziprecruiter-partners-with-paradox/ Adzuna, the global job search engine, today announced the acquisition of Seiza, a market leader in social media recruitment advertising. https://hrtechfeed.com/adzuna-acquires-leading-social-recruitment-platform-seiza/ Recruiter.com, a leading holding company in the HR Technology and human capital sectors, today announced its acquisition of BountyJobs. https://hrtechfeed.com/recruiter-com-acquires-bountyjobs/ JobGet, the leading app-first job platform for hourly workers, today announced the acquisition of Snagajob. This acquisition brings JobGet’s reach to over 100 million hourly workers — covering nearly the entir

UKG made two big announcements this week in conjunction with their customer event UKG Aspire. First they announced the launch of the UKG Pro® Talent Marketplace solution, an AI-powered talent management application designed to fill critical labor gaps for the business while opening doors to new career opportunities for frontline employees and knowledge workers alike. https://hrtechfeed.com/ukg-launches-ai-powered-talent-marketplace/ UKG also announced several enhancements to make the all-in-one UKG Ready® HR suite more intelligent and even simpler to use.  Recruit Co., parent company of Indeed and Glassdoor has released results for the Quarter ending Sept 30th. Revenue for Q2 FY2024 increased 10.0% and on a US dollar basis, revenue increased 6.3%. https://hrtechfeed.com/indeeds-latest-earnings-report/ SocialCrowd which automatically tracks employee progress towards goals, reminds them of the work they have left, and rewards them instantly – has raised $2.5M in new funding. https://hrtechfeed.com/work

Veritone recently  released its analysis of Q3 aggregated U.S. Jobs Report,... the research is in conjunction with Aspen Tech Labs…one of the findings was a continued increase in AI jobs….here to talk about that is the GM of Veritone Hire Alex Fourlis. TOPICS 1. New research has come out indicating a growing demand for AI-related jobs. Can you share some of the findings? In Q3, there were 31,610 vacancies in artificial intelligence jobs, a 6.6% increase from Q2 2024 and a 37.5% increase over the past 12 months.  2. Salaries for AI Jobs? In Q3 2024, the median annual salary for AI-related roles was $31,803, 25% higher than for non-AI IT positions. For example, AI-focused software developers were offered an average salary of $166,358, compared to $140,400 for their non-AI counterparts, reflecting a premium of nearly 19% for AI expertise. Among the top 10 U.S. states with the highest number of AI roles, California, New York and Virginia stood out with the largest average salary gaps between AI and non-AI IT

This episode is sponsored in part by Dalia.co and FastTalent.com Alright rec techies …..here’s whats happening this week.Lets start with earnings… Ziprecruiter Quarterly revenue of $117.1 million Quarterly net loss of ($2.6) million, or net loss margin of (2)% https://hrtechfeed.com/ziprecruiter-posts-quarterly-revenue-of-117-1-million/ At Upwork Revenue grew 10% year-over-year to $193.8 million in the third quarter of 2024 Active clients grew 2% year-over-year to 855,000 https://hrtechfeed.com/upwork-reports-third-quarter-2024-financial-results/ At Fiverr Revenue for Q3ʼ24 was $99.6 million, up 8% y/y, accelerating from 6% y/y growth in Q2ʼ24. We saw the demand trends stabilize to some extent from the volatility we experienced last quarter, but it is important to note that overall SMB sentiment and hiring environment continues to be challenging. https://hrtechfeed.com/fiverr-reports-strong-q3/ Lever  announced that Apply Connect, an ATS integration available between LinkedIn

We are excited to share our Q3 U.S. Jobs Report, offering key insights about the U.S. labor market in the third quarter of 2024. The data in this report comes from Aspen Technology Lab’s JobsIndex, which aggregates daily vacancy information from more than 200,000 company career sites, ensuring you receive the most accurate and up-to-date information. Overall, this quarter, vacancies continued their upward trend from Q2. Total job listings ticked up 0.5 percent QoQ, or by roughly 30,000, but are still down 4.5 percent YoY. Q3’s numbers show positive momentum, with full-time salaries and salary transparency on the rise. DOWNLOAD 

This week in Rec Tech is sponsored by Dalia.co and FastTalent.com -------------------------------------------------------------------------- Workforce intelligence platform REEJIG ,unveiled its advanced Workforce Intelligence Suite capabilities powered by its proprietary Work Ontology™ and independently audited Ethical AI. https://hrtechfeed.com/reejig-symphony-talent-launch-new-features/ isolved®, the SMB focused  (HCM) platform, announced several talent-focused product releases and roadmap innovations during its Virtual  Connect conference this week. https://hrtechfeed.com/isolved-announces-enhancements-that-improve-candidate-experience-increase-talent-pipeline/ TalentNeuron, a Leeds Equity portfolio company, today announced the acquisition of HRForecast, a Munich-based provider of strategic workforce planning and skills management software. The acquisition extends TalentNeuron’s strategic workforce planning capabilities beyond any solution in the market today. https://hrtechfeed.com/talentneuron-

In this replay of a Dalia webinar the Director of TA for Shake Shack will describe ther hiring strategies. Moderated by Dalia'a Mikeala Fitzwilliam. https://www.dalia.co/

Sponsored by Dalia.co and FastTalent.com Upwork Stock (NASDAQ:UPWK) jumped after the freelance marketplace announced a workforce reduction to reduce costs and preliminary Q3 results that exceed the top end of guidance. https://seekingalpha.com/news/4195098-upwork-surges-after-workforce-reduction-preliminary-q3-results-announcement Sapia.ai, the world’s only Smart Interviewer™ platform powered by AI, today introduced Phai™, an AI-driven career coach that fits in your pocket. Phai™ combines cutting-edge conversational AI with Sapia’s proprietary dataset to empower job seekers and employees. https://hrtechfeed.com/sapia-ai-unveils-ai-career-coach-for-job-seekers-and-employees/ Employ announced the release of the Employ Recruiter Nation Report 2024. The annual report, this year titled “Empowering People-First Recruiting,” leverages findings from a survey of more than 1,200 talent acquisition decision makers and recruiters in North America and proprietary recruiting data from 22,000+ Employ customers.  h