Roundup: Paycor Releases AI Job Descriptions; WorkRamp Expands Learning Cloud

News Roundup

Our weekly roundup of deals, product announcements and other HR technology news.

Paycor released a new AI-generated job descriptions tool powered by Microsoft Azure’s OpenAI Service. Used with Paycor Smart Sourcing, the feature helps optimize talent acquisition by sourcing high-quality and diverse candidates, the company said.

WorkRamp expanded its Learning Cloud with a new content offering and development acceleration option for learners. The content is compliance based to help mitigate corporate risk and create and maintain safe, inclusive workplaces. In addition, the company said learners can now discover and self-assign upskilling and growth opportunities.

The climate for global talent hiring continues to experience significant turbulence, with time to hire rates at an all-time high, according to the Josh Bersin Company. Research showed that average time-to-hire rates for the first quarter of 2023 alone, had increased across all industries by one day, despite the best efforts of employers. This pushes an already stretched recruitment process to 43 days on average. And across all industries, the research shows a widening gap between “easy to fill” and “difficult to fill” roles.

The developer-focused job board Arc launched HireAI, an AI-powered solution intended to simplify the hiring process. HireAI matches companies and candidates from its global developer network. It also takes on tasks such as candidate search, resume screening and manual outreach. HireAI uses OpenAI’s ChatGPT-4 to identify matching candidates from Arc’s pool of some 250,000 developers worldwide.

Papaya Global, a workforce management company, announced the release of its HCM Cloud Connector, a tool that helps organizations to upload and synchronize their HCM data. With the help of AI, the product helps make integrations and implementations less time-consuming and so decreases payroll processing times.

Paid-time off and fintech platform Sorbet unveiled a new product that helps employees to directly apply and access the value of their unused PTO. The company said the offering will be available to employers who wish to provide additional financial wellness benefits to their employees.

Workera, a skills intelligence startup, announced assessments to “test the skills of the contemporary workforce with generative AI.” The company hopes that the product will help companies to assess their workforces’ skills and better utilize AI capabilities.

Last Week’s Top News

iCIMS Launches Job Site Focused on HR Professionals

iCIMS launched a new website intended to connect HR and talent acquisition job seekers with open roles. aggregates open positions across industries from the iCIMS customer base. The site is designed to let HR and talent professionals browse and explore job opportunities and apply on the hiring company’s career site. Job seekers can also upload their resume so iCIMS Talent Cloud’s AI can recommend roles aligning with their skills and experience. Read More.

Veritone Acquires Broadbean from CareerBuilder, Will Expand HR Solutions

Veritone – which plays in the space for enterprise AI software and services – will acquire CareerBuilder’s Broadbean, a provider of SaaS technology for talent acquisition and engagement. Serving more than 3,000 clients and integrated with over 100 ATS partners, the acquisition will expand Veritone’s HR solutions and build upon Veritone’s 2021 acquisition of PandoLogic. Read More.

ChatGPT’s iOS App is a Big Deal for Small Businesses

OpenAI’s launch of an iOS app has the potential to benefit small businesses in a number of ways. According to the website Small Business Trends, the app allows ChatGPT to, in a streamlined way, access the AI’s capabilities from iOS-driven smartphones and tablets. Read More.

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