Our weekly roundup of deals, product announcements and other HR technology news.
Ceipal integrated ChatGPT into its ATS, allowing recruiters and staffing professionals to “work more efficiently and effectively.” ChatGPT’s generative AI capabilities will help create Boolean search strings for use in candidate sourcing, develop consistent job descriptions and produce interview questions and answers to evaluate candidates, the company said.
Diversity-focused talent acquisition platform PowerToFly added a Candidate Search feature to its PowerPro product. Candidate Search will help customers identify and recruit candidates from underrepresented groups based on specific parameters like gender and ethnicity. The tool allows users to find, shortlist and engage potential candidates within a single search function.
Staffing solution provider Diversely was acquired by the Access Group, a developer of business software. Access plans to incorporate Diversely’s inclusive-hiring capabilities into its Volcanic recruitment website platform. The result will be a “fully inclusive” solution to attract candidates and shortlist applications while reporting on DEI and improving pipeline diversity, Access said.
AllianceHCM’s latest software update includes an AI-powered job description builder and an AI-driven resume summary generator. The job description builder incorporates industry trends, HR best practices and job requirements to accelerate the recruitment process by cutting back the time needed to create job descriptions. The summary generator creates concise summaries of a candidate’s resume by automatically extracting key qualifications, experiences and achievements from a submitted resume.
First Advantage acquired Infinite ID, a an identity authentication solutions company. The $41 million deal expands First Advantage’s U.S. portfolio of identity solutions. First Advantage CEO Scott Staples called the transaction “a major milestone toward our strategic objectives to expand our portfolio of innovative products and differentiated solutions while strengthening our core business.”
Tech-talent marketplace Huntly launched in the U.S. The marketplace aims to connect employers with independent recruiters and offer a seamless hiring experience, coordinating interview arrangements and keeping clients consistently informed. Separately, Huntly added a variety of new features, including tools for candidate management, candidate communications and real-time status updates.
UKG and Prolucent Health will connect Prolucent’s LiquidCompass workforce optimization platform so users can procure and schedule flexible labor within UKG solutions.
PlanSource announced its summer product release, which enhances its benefits engagement product and prepare customers for open enrollment.
CareerArc named Brian Forrester as its new CEO. Forrester started and with the company in July 2023, replacing retiring CEO Jim Bramante.
Greg Pryor will join Guild as senior vice president of learning, knowledge and outcomes, overseeing company’s learning and performance management strategy for its employees.
Beamery appointed Steve Vierra to be chief revenue officer. He’ll oversee the company’s commercial functions and “further drive Beamery’s global growth and footprint.”
Frontline experience platform Harri hired Tena Lyons for the newly created role of vice president, product marketing.
Last Week’s Top Stories
AI’s Hot, But HR Tech Funding Falls To 3-Year Low
Venture funding in HR technology startups has fallen to less than $3.3 billion over the last four quarters. It’s a notable change since 2021, when venture funding in the HR space skyrocketed to $10.5 billion through more than 800 deals, according to Crunchbase data. Between 2022’s second and third quarters, funding to VC-backed HR tech startups dropped by $2.7 billion, from $3.6 billion to less than $1 billion. Read more.
Surprise! Survey Says AI Has a Positive Impact on Talent Acquisition
AI-based automation is having a positive influence on talent acquisition, according to a survey from the Harvard Business Review and Paradox. Nearly all of the respondents whose companies use automation, 97%, said AI has helped them hire people more effectively, led to quicker interview scheduling and reduced candidate drop-off. Overall, 91% of key decision makers believe optimizing hiring processes with automation and AI is necessary for long-term business success. Read more.
HiBob Announces Integrations to Improve Global Payroll Processes
HiBob and payroll platform Papaya Global partnered to help multinational employers meet the need for compliant HR-integrated payroll solutions. By connecting HiBob’s HR data to Papaya’s platform, the connection allows employers to integrate HR, PTO and compensation information. Read more.
Podcast: The Hidden Impacts of Promotions
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