Curated Intel from the Talent Tech Industry
June 17-23, 2024:
• Configuring a more complete solution: TA tech platform Bullhorn acquires Textkernel;
• Proclaiming the end of days: Shelly Palmer says AI is already killing web publishers;
• Looking for the money: Aerotek survey finds Job seekers focused on pay, job security;
• Reflecting a lack of interest: Tech Talent Charter closes as UK firms shelve diversity initiatives.
• Moving into a new segment of the market: LinkedIn takes aim at recruiting agency-land;
PLUS
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HR Tech Platform Bullhorn Acquires Textkernel
Bullhorn, a company specializing in cloud-based software for the staffing and recruitment industry, has acquired Textkernel, a company that develops AI-powered sourcing solutions. This acquisition is intended to enhance Bullhorn’s AI capabilities, particularly in talent parsing and matching technology. Textkernel is based in Amsterdam and has a client base that includes over 2,000 customers across the globe. Bullhorn plans to leverage the acquisition to develop new AI solutions that will serve its customers and the broader staffing industry.
AI Is Already Killing Web Publishers
They are variously called “Web-Connected LLMs,” “Web-Enabled LLMs,” or even “Internet-Augmented LLMs.” Whatever you like to call them, they are AI models with the ability to browse the web. This is a fantastic feature for users who need summaries of timely information. For advertiser-supported publishers, it’s the beginning of the end of days – LLMs don’t click on ads.
Job seekers say they’re focused on pay, job security
Job seekers in the U.S. are prioritizing pay, job security and engagement as they face longer job hunts, according to a June 18 report from Aerotek. In a spring 2024 survey of more than 1,400 job seekers, pay topped a list of eight motivators in the job search, followed by employment security, opportunities to learn new skills and potential for career advancement. About 41% of job seekers said pay was the most important motivator when deciding to accept a new job, climbing up from 37% in spring 2023. Job security increased as a priority to nearly 20% of job seekers in spring 2024, continuing an upward trend from 14% in spring 2023.
Tech Talent Charter closes as firms shelve diversity initiatives
A non-profit organisation set up nine years ago to improve diversity and inclusion across the UK tech sector is closing due to companies shelving initiatives and decreasing budgets. Tech Talent Charter, which represents almost a quarter of a million tech workers, will cease operations in August. The advocacy organisation works in close partnership with tech employers across the UK to promote diversity and inclusion. More than 800 tech employers are signatories to Tech Talent Charter’s goals. However, the organisation, which is partially funded by the government, said “too many companies are quiet quitting” diversity and inclusion.
LinkedIn Takes Aim At Recruiting Agency-land
LinkedIn’s guidelines for third-party job postings are a masterclass in how the platform is using “authenticity” as a weapon to further monetize the relationship between a bevy of ATSs and the XML feeds of thousands of Recruiting Agencies that rely on “free” postings to engage with active applicants. In short, recent changes to protect the network should be a moment to pause and reflect for recruiting agencies or Agencyland. Under the auspices of the new August 2024 requirements, stricter visibility rules for third-party jobs kick in. While LinkedIn’s audits are intended to ensure compliance, non-adherence means your listings might get the boot.
Do Great Deals & Gather Strategic Intel at TAtech Europe
Worldclass content and business-building connections at TAtech Europe & The EMEA Job Board Forum. Register right now for the only conference in the EMEA market that is specifically designed both for job board and talent technology company CEOs, their direct reports and rising stars and to accelerate the bottom-line growth of their enterprises. Why the rush? Because the conference will be held September 17-19, 2024 in Paris at Cercle National des Armées, and it has a limited seating capacity. Whether your company is a niche or general job board, aggregator, talent marketplace, online classifieds business, programmatic platform, chatbot, conversational AI solution, ATS, recruitment marketing solution, CRM platform, interviewing or assessment system or talent technology consultancy, this event will supercharge your sales and your profits. So, register today and accelerate the success your company achieves, today, tomorrow and into the future!
