Rec Tech: the Recruiting Technology Podcast

Meeting Summary: ICIMS August Workforce Report Analysis

Hiring Market Dynamics & Trends

Widening gap between job openings and actual hiring activity represents a significant shift in recruitment patterns

Application volume surge across all ATS platforms creating operational challenges

Five-hour weekly time savings threshold identified as critical tipping point for AI adoption success (10:26)

AI functionality priorities differ from industry assumptions based on user experience data

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PLEASANTON, Calif. — Workday, Inc. (NASDAQ: WDAY), the AI platform for managing people, money, and agents, has entered into a definitive agreement to acquire Paradox, a candidate experience agent that uses conversational AI to simplify every step of the job application journey – particularly for high-volume frontline industries, which employ nearly 3 billion workers globally. The addition of Paradox will give Workday an AI-powered talent acquisition suite to help customers more efficiently find, hire, and onboard every type of worker – from the frontline to the back office – for every type of work, from full-time, to contingent. 

https://hrtechfeed.com/workday-signs-definitive-agreement-to-acquire-paradox-the-ai-company-redefining-the-frontline-candidate-experience/

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Is your career site delivering the conversion you need? Dalia’s plug-and-play tech turns any employer career site into a high-performance candidate conversion engine — no replatforming required, live in days.Visit dalia.co to learn more.

AND by jobcase, Jobcase is an online community where workers of all kinds – like hourly employees, tradespeople and healthcare technicians – access jobs, make connections, and support each other in any aspect of their work life.Visit jobcase.com/hire and tap into their 120 million strong  job seeker network

Alright rec techies…..here’s what's happening this week. We have a ton of funding announcements to share.

First up…Dayforce, (NYSE:DAY) (TSX:DAY), a global leader in human capital management (HCM) technology, today announced that it has entered into a definitive agreement with Thoma Bravo, a leading software investment firm, to become a privately held company in an all-cash transaction with an enterprise value of US$12.3 billion.

https://hrtechfeed.com/dayforce-going-private/

Deel, the leading global payroll and HR platform, today announced its AI Workforce, an integrated hub to launch, manage and create AI agents and workflows, hosted on the Deel platform. Deel AI Workforce will allow businesses to easily add AI agents to a company’s workflow, surfacing information fromIt is launching in Beta now.

https://hrtechfeed.com/deel-launches-ai-workforce/

Upwork Inc. (Nasdaq: UPWK), today announced the launch of Lifted, a wholly owned subsidiary purpose-built to serve enterprise clients with a unified solution that combines talent sourcing, c

https://hrtechfeed.com/upwork-launches-contingent-workforce-solution-for-enterprise/

 G-P (Globalization Partners), recognized as the undisputed leader in global employment by industry analysts, today announced the next generation of G-P Employer of Record (EOR) to deliver a compliant global employment solution that enables HR teams to effortlessly expand globally with autonomy and efficiency. Built on a serverless, event-driven platform and advanced agentic AI, G-P EOR delivers frictionless self-service compliant global employment in more than 180 countries

https://hrtechfeed.com/g-p-introduces-new-agentic-ai-powered-g-p-employer-of-record-eor-platform/

Workday, one of the largest providers of human resources technology, has confirmed a data breach that allowed hackers to steal personal information from one of its third-party customer relationship databases.

https://hrtechfeed.com/data-breach-at-workday/

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First up…Darwinbox, the fastest growing AI-powered human capital management (HCM) platform, today announced a US$40 million investment from Teachers’ Venture Growth (TVG), the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan.

https://hrtechfeed.com/darwinbox-lands-40m-investment-for-north-american-expansion/

 ZipRecruiter® announced the U.S. launch of Breakroom, a workplace rating platform that they acquired last year which is purpose-built for frontline industries like retail, hospitality, logistics, and more. With more than one million ratings and counting, Breakroom gives job seekers a clear look at what it’s really like to work for different employers—helping them make smarter decisions and find jobs that fit their lives. 

https://hrtechfeed.com/ziprecruiter-launches-workplace-rating-platform-for-frontline-industries/

Job search company Resume Wallet & CV Wallet has made a fundraise. Founder Richard Collins announced on Linkedin;

“We are pleased to announce that we have completed a new fund raise.Whilst times are tough for a lot of our industry, and my heart goes out to all those who have been affected, not all news is bad news and hopefully there is light at the end of the tunnel during what is undoubtedly a rapid and painful change caused by AI.

https://hrtechfeed.com/resume-wallet-cv-wallet-raises-1-5m/

Job board operator DHI Group Inc. has announced it acquired AgileATS, an applicant tracking system for government contractors and employers hiring security-cleared professionals, for an estimated $2 million. The company also reported tepid revenue growth for the second quarter.

https://hrtechfeed.com/dice-owner-acquires-an-ats/

Talview The company based in San Mateo, CA, has been awarded its first U.S. patent for its Agentic AI proctoring solution. 

Alvy is designed to both protect and assist, detecting sophisticated cheating tools across remote interviews and high-stakes online exams, while guiding candidates through a fair and transparent assessment experience.

https://hrtechfeed.com/talview-secures-patent-for-alvy-ai-tool-built-to-outsmart-cheating/

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TOPICS

Learn more at https://vitalfew.io/https://vitalfew.io/

Connect with Ethan: https://www.linkedin.com/in/ethanbloomfield/

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Employee Navigator, a leading benefits administration & HR software provider, announced it has completed a $100 million funding round from existing investors JMI Equity and Spectrum Equity. 

https://hrtechfeed.com/employee-navigator-completes-100-million-funding-round/

Bullhorn, the leader in software for the staffing industry, today announced the acquisition of TargetRecruit, a Houston-based provider of front- and middle-office solutions built on the Salesforce platform. The acquisition deepens Bullhorn’s strategic investment in supporting firms that run their business on Salesforce and bolsters its position as the leading recruitment ISV in the Salesforce ecosystem.

https://hrtechfeed.com/bullhorn-acquires-targetrecruit-and-expands-salesforce-ecosystem-to-150000-users/

LAS VEGAS – Today, VLTED announced the launch of a unique employee engagement platform for startups, enterprises and team leaders to enable everyday team-building that fuels belonging, productivity and retention through topics that matter the most to employees.

https://hrtechfeed.com/new-employee-engagement-platform-launces/

For the first quarter of fiscal year 2025, the HR Technology segment of Recruit Holdings reported the following financial results:

Revenue: Revenue for HR Technology was ¥341.7 billion ($2.3 billion USD), a decrease of 3.8% compared to the same period in the previous year.

https://hrtechfeed.com/433995-2/

NEW YORK — Greenhouse, the leading hiring platform, announced the appointment of its new Chief Technology Officer, Sagar Patel, who has extensive engineering leadership experience spanning companies including Ampla, PayPal, and BlackRock.

https://hrtechfeed.com/greenhouse-software-names-new-cto/

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Zach Larson from student transportation company First Student stops by to talk about their HR tech stack and how they recruit bus drivers.

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This podcast is now part of the Purple Acorn Network…a destination where talent meets storytelling, where hiring meets humanity, and where podcasts don’t sound like onboarding videos.

Check it out at https://www.purpleacornnetwork.com/

CareerBuilder + Monster (the “Company”) today announced that the U.S. Bankruptcy Court for the District of Delaware has approved the following transactions in connection with the Company’s previously announced voluntary Chapter 11 sale process:   

BOLD, a global career-technology company focused on transforming work lives, will acquire the Company’s job board business, retain the rights to the Monster and CareerBuilder brands, and extend employment offers to at least 350 globally distributed Company employees;

Iron Corp U.S. Inc., an affiliate of a large privately-held investment company, will acquire Monster Media Properties; and

PartnerOne, a global technology leader and one of the fastest growing enterprise software groups in the world, with a proven track record of acquiring and growing government software companies, will acquire Monster Government Solutions.

https://hrtechfeed.com/careerbuilder-monster-receives-court-approval-of-sale/

PeopleFluent, a market leader in integrated talent management, workforce agility, and learning solutions, announced Version 25.07 of PeopleFluent Talent Management and PeopleFluent Compensation, the latest software upgrade to its talent and compensation management solutions. This update enhances the compensation solution’s AI-powered features, and includes key upgrades to help clients improve their workflows and increase their efficiency.

https://hrtechfeed.com/new-hr-tech-from-peoplefluent/

Employ unveiled a powerful wave of product innovations designed to transform how organizations attract, engage and hire top talent across two of its industry-leading applicant tracking systems – Lever and Jobvite. Infused with cutting-edge, people-first AI, the newest innovations empower recruiters and hiring teams to move faster, hire smarter and deliver better candidate experiences – with trust and transparency at the core built with IBM watsonx.governance.

https://hrtechfeed.com/employ-says-new-ai-release-prioritizes-recruiter-efficiency-and-human-connection/

Beamery, the leading AI platform for workforce transformation, today launched a Workforce Intelligence Suite that leverages its first-to-market Task Intelligence capability. By breaking down roles into units of work, or tasks, Task Intelligence surfaces opportunities for AI automation, role redesign, and workforce optimization. The company also introduced Ray, an embedded agentic AI consultant, that works across the platform to enable enterprise leaders to tackle talent decisions with more clarity, speed, and ease.

https://hrtechfeed.com/new-hr-tech-from-beamery-ihire/

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Is your career site delivering the conversion you need? Dalia’s plug-and-play tech turns any employer career site into a high-performance candidate conversion engine — no replatforming required, live in days.Visit dalia.co to learn more.

AND by jobcase, Jobcase is an online community where workers of all kinds – like hourly employees, tradespeople and healthcare technicians – access jobs, make connections, and support each other in any aspect of their work life.Visit jobcase.com/hire and tap into their 120 million strong  job seeker network

First up…1848 Ventures, an AI-first venture studio building SaaS solutions for small and medium-sized businesses (SMBs) in the US, today announced it has led a $3 million seed funding round for Propel People, a mobile-first hiring platform built to help contractors hire skilled tradespeople faster. Propel People has also appointed industry veteran Dexter Bachelder as CEO, bringing deep expertise in construction tech and go-to-market execution to the growing company.

https://hrtechfeed.com/1848-ventures-leads-3m-seed-round-for-propel-people/

WALNUT CREEK, Calif.—-BetterComp, a leading provider of compensation management software, today announced its $33M Series A funding round, led by Ten Coves Capital. The investment will fuel BetterComp’s continued growth and innovation, enhance its AI-powered market pricing and pay recommendation capabilities, expand into new product adjacencies, and scale operations to better serve a rapidly growing global customer base.

https://hrtechfeed.com/compensation-management-software-lands-33m-in-funding/

RICHMOND, Va — goHappy, the leading provider of innovative frontline employee engagement tools, today announced it has received a significant growth investment from Pamlico Capital, a private equity firm focused on high-growth technology and services businesses. The investment amount which was not mentioned… will support goHappy’s next phase of growth as it continues to pursue its vision of helping employers drive stronger business outcomes through better engagement of their frontline teams.

https://hrtechfeed.com/employee-engagement-tool-announces-investment/

Ashby, a rapidly growing company, has announced a successful $50 million Series D funding round. The investment was led by Mark McLaughlin at Alkeon, with co-lead support from existing investor Lachy Groom, and participation from F-Prime, Elad Gil, Gaingels, and other new and returning backers.

https://hrtechfeed.com/ashby-raises-50-million-series-d/

SAN FRANCISCO—-CandorIQ, the AI-powered platform transforming how organizations plan and manage people spend, today announced a $4.8 million seed funding round led by Array Ventures, with participation from Y Combinator, CRV, and Switch Ventures. The funding will be used to grow CandorIQ’s engineering and go-to-market teams, accelerate product development, and expand the platform’s AI capabilities across compensation and workforce planning workflows.

https://hrtechfeed.com/workforce-planning-tool-lands-4-8m/

The highly anticipated Monster/CareerBuilder auction has concluded, and the winning bidder is not JobGet, as some might have expected. Instead, BOLD Holdings emerged victorious with a staggering final bid of $28.4 million! Jobget emerged as the backup with a bid of $27 million.

https://hrtechfeed.com/bold-holdings-snags-monster-careerbuilder-auction-for-28-4-million/

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So Indeed is once again making it difficult for customers to work with them. From now on job feeds must come directly  from your ATS …thus forcing recruitment ad agencies who typically create their own feeds to massage the job data and clean it up.

This move is yet another example of Indeed throwing its weight around and forcing customer to change their practices yet again…a problem that is continuing to plague the worlds largest jobboard

In todays audio, Craig Fisher from Talentnet live and Jim Durbin the Inded whisperer will break it down for you and tell you what you need to know. This is a recording from a Linkedin live that was held last week.

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