Our weekly roundup of deals, product announcements and other HR technology news.
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Billions of dollars poured into the high-end recruiting sector in 2021, the result of pent-up demand for executives and their key reports. Hunt Scanlon Media said 48 of the 50 largest U.S. recruiting firms saw double-digit growth last year. True Search, ranked No. 6, was the fastest- growing search firm among the 30 largest providers, reporting a 132% increase in U.S. fees, to $265 million. The 50 largest firms produced record revenues of $5.9 billion, a 52% increase.
hireEZ launched two new services, EZ Rediscovery and EZ Insights. EZ Rediscovery helps employers update information in their ATS such as an individual’s work history, skills, email addresses and phone numbers. EZ Insights helps talent acquisition leaders develop strategic workforce plans by tapping into industry and competitor-specific benchmarking data. CEO Steven Jiang said the introductions “represent key milestones” on the company’s product roadmap.This week in #HRTech: High-end recruiters make more money, @hireEZ launches 2 services, and more in our roundup. #HR Click To Tweet
SHL launched On-Demand Analytics, which provides real-time insights into a candidate’s journey. The tool provides details on program performance to hiring managers in an effort to get “the right” candidates through the hiring process. It also helps companies leverage talent data to improve their decision-making processes.
Dice introduced Time Zone Search, a new feature within its TalentSearch sourcing platform that allows recruiters to search for technology professionals within a designated time zone. The company said it’s responding to an increasing need for recruiters to consider time zone and collaboration issues in their searches. Time Zone Search helps users identify candidates who would be available to work during an organization’s core business hours.
PRO Unlimited will acquire Geometric Results, an independent, outsourced workforce management expert. The acquisition will increase the value of PRO’s IWM platform by adding GRI’s Managed Services Program (MSP) capabilities to its portfolio of SaaS, talent intelligence and professional services solutions.
LiveHire’s Total Talent Acquisition technology platform became available on the SAP Store. The platform integrates with SAP SuccessFactors Recruiting to equip recruitment and HR teams with candidate sourcing, customized employer branding, native two-way text messaging, talent pooling and live talent search.
ishield.ai announced an enhanced integration with Lever, designed to help users create more inclusive job postings in the LeverTRM platform. ishield.ai surfaces “learning moments” that occur during the creation and publishing of job posts, helping users to eliminate bias and use inclusive language.
Job-search platform Joblist launched a new product aimed at helping employers find and recruit better candidates. The self-service solution allows companies to promote openings to Joblist’s audience of job seekers with no long-term commitment required. Once an opening is posted, Joblist uses matching technology to advertise the position to active candidates through its website as well as its partner channels.
JumpCloud and BambooHR partnered on an integration to improve the employee experience across the entire employee lifecycle. The integration allows organizations to simplify onboarding, including provisioning resources such as computers, applications and cloud infrastructure. The companies said the integration will decrease the time necessary for a new employee to access the resources they need to do work.
BeyondHQ said it nearly doubled its quarterly revenue between Q4 2021 and Q1 2022, and anticipates significantly higher growth for the full year. The company broadened its data set with workforce analytics covering 35 Canadian markets. The company said it will further increase its reporting on other international markets in the months to come.
Management platform Papaya Global agreed to acquire Azimo, a cross-border payments service, to expand its payroll capabilities and help companies manage their remote workforce. The acquisition brings together Papaya’s expertise in remote workforce management technology and Azimo’s experience building cross-border payment networks.
Last Week’s Top Stories
Cornerstone Acquires EdCast to Pursue ‘Next Generation’
Cornerstone OnDemand will acquire EdCast, the learning experience platform software provider. Cornerstone said the combination will align with its strategy of “transforming” the learning software market. Read more.
Employers Offer More Voluntary Benefits To Win Over Talent
Since the start of the Covid-19 pandemic in 2020, 52% of American employers have added an average of six new voluntary benefits to demonstrate their support for their employees’ physical, social, mental and emotional wellbeing. Read more.
Kelly Acquires RocketPower to Grow RPO, Boost Growth
Kelly Services acquired RPO provider RocketPower with the idea of expanding its recruitment process outsourcing offering around the world and creating growth opportunities in the high-technology industry. Read more.
Podcast: Gen Z, Covid and the New Rules of Work
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