This Weeks RecTech Roundup

This Weeks RecTech Roundup
Read Time6 Minute, 48 Second

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Recruiting Technology headlines

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SmartRecruitersannounced the acquisition of berkin based jobpal, an enterprise-grade chatbot technology, to take recruitment efficiency to the next level. The move enters SmartRecruiters into the rapidly growing recruitment process automation (RPA) market, where the future of recruiting prioritizes human interactions and automates repetitive, time consuming tasks. In a world where TA leaders receive 4X the candidate volume but have half the resources on their team, automation is the only way to keep up and continue to offer great experiences to everyone. As the leading talent acquisition suite, automation will be deeply embedded into every step of SmartRecruiters’ recruiting workflow engine to unlock massive efficiencies for hiring teams. 

The feature will be rebranded as “SmartPal”

“jobpal is where automation meets individualization,” shares Florian Schrodt, Head of Employer Branding at Zurich Public Transport. “The technology helps us improve thousands of candidate communications every month. With nearly 80% automated answers, our hiring teams are saving hundreds of hours that we can now dedicate to the most important task: relationship building and adding value to our candidates.”

The companies’ existing partnership and integrated technologies means new products are available now. SmartRecruiters is excited to introduce SmartPal, a family of recruiting chatbots that put repetitive interactions on autopilot and drive meaningful candidate conversations throughout the entire recruitment lifecycle to accelerate Hiring Success. By embedding a conversational layer on top of SmartRecruiters’ core workflow engine, SmartPal converts candidates 3x better, saves time, and enables recruiters to focus on more strategic tasks.

Metaview, the Interview Intelligence Platform, today announced the launch of Interview Metrics, a new product that focuses on accessing data on job interviews to make them fairer and more effective. By recording and automatically analysing interviews, Metaview’s Interview Metrics enables organizations to access empirical data on how consistent and rigorous their hiring processes are for the first time.

This launch is a major step for Metaview on their mission to reimagine how exceptional organizations build teams. Metaview was founded by team-builders from Palantir and Uber after they observed first-hand that interviews are the most outcome-defining step in any recruitment process. Despite commonly being cited as subjective and bias-prone, they determine who joins a team, and who doesn’t. Additionally, growing organizations spend thousands of people hours per year on conducting interviews.

Metaview has recorded, transcribed, and analyzed over ten thousand hours of interviews in the last 18 months since raising a round of funding from Fly Ventures in Berlin, Seedcamp in London, and Village Global and Garuda Ventures in San Francisco. They count high-growth companies such as Bulb, AngelList, Careem, Wave, and Stedi among their customers. “Metaview was already the most effective tool for improving individual interviewers at Bulb. Now, Interview Metrics tells me more about the health of the interview process at large than it was ever possible to know previously. With this, I can ensure hiring managers and interviewers are getting the support they need to conduct great interviews, and candidates get the high-quality, fair interview process they deserve,” says Michael Laws, Head of Recruitment at Bulb.

Remote, an HR technology platform for international payroll, benefits and compliance, today announced that it has secured $35 million in Series A funding led by Index Ventures and joined by Sequoia Capital, with additional participation from angel investors including Aaron Levie, Zach Weinberg, and Kevin and Julia Hartz. Previous investors General Catalyst and Two Sigma Ventures are also participating.This funding empowers Remote to further its position as the industry’s most compliant and competitive solution helping companies of all sizes employ global teams. Remote has raised $46 million to date.

Since its public launch earlier this year and its $11 million seed funding round in April, Remote has been approached by thousands of companies seeking to take advantage of its unique employment model and global network of legal entities, including customers GitLab, Loom, Cargo One, Whereby and Phaidra. Remote has doubled its customer base every month since the start of the year.

Remote is the only global employment provider with its own legal infrastructure in every country where it operates. This provides customers with absolute security for IP and invention rights, guarantees international compliance, and enables Remote to offer the industry’s most competitive and flexible pricing. With millions of companies worldwide shifting to remote work and adapting to evolving visa requirements, Remote has become the new standard solution for organizations looking to hire and retain the best global talent.

Remote’s platform includes its global employer of record services, covering international payroll, benefits, taxes, and visa and immigration services, as well as a free platform for global contractor management and payments.

Top Echelon Software, the leading provider of recruiting software for people who build teams, is pleased to announce its acquisition of CATS Software, a leading applicant tracking system (ATS) designed specifically for professional recruiters who help companies from all over the world fill their hiring needs. This acquisition combines two best-of-breed ATS companies to address the complex and evolving challenges in the war for talent.

CATS serves more than 1,800, predominantly mid-sized professional recruiting and operating companies, including tools for resume import and parse, job application collection, resume search, comprehensive reports, job board publication, and analytics.

The acquisition expands Top Echelon’s customer and revenue base and strengthens its software offering. Top Echelon will continue to support new and existing CATS customers, as well as expand its market reach to mid-sized businesses both domestically and globally.

According to Top Echelon Software CEO Mark Demaree, this merger represents the opportunity to combine the resources and experience of both companies to become the leading provider of applicant tracking and CRM software to serve and support their customers at an unparalleled level.

“We are constantly seeking ways to improve,” said Demaree. “We look forward to the opportunity that this merger offers to provide even more value to our customers in the form of additional features and enhanced functionality.”

Drafted, the network recruiting startup out of Boston, announced a new app called Scouted to add a layer of network intelligence to applicant screening. Scouted automatically parses applicant resumes and uses artificial intelligence to find current employees who can add context about the applicant’s work experience.

Here’s how it works…, if an applicant worked in marketing at Pinterest and applied to work at Etsy, Scouted finds current relevant employees at Etsy who previously worked in marketing at Pinterest and collects their input. Engaging employees early in the hiring process is known to be beneficial for hiring quality, speed, and diversity. More data leads to better outcomes and faster hires.

“Scouted can help you speed up your candidate screening process while improving the quality of your applicants,” says Vinayak Ranade, CEO at Drafted. “There’s a current employee somewhere in your org, who has overlapping experience with the applicant, who can give you incredibly valuable data to inform screening decisions. It’s almost like a post-application referral.”

Scouted integrates with Greenhouse ATS and Slack. The company is offering free access to any Greenhouse ATS customers until Dec 31, 2020. Those interested can sign up at scouted.to.

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