Curated Intel from the Talent Tech Industry
November 29 – December 5, 2021:
• What are the odds of success for a US seed funded startup?
• Community-driven recruitment platform iHire introduces intuitive, step-by-step Job Ad Builder;
• Student employability platform Simplicity acquires Orbis Communications to expand its global talent network;
• Immigration reform is critical to addressing US talent shortage, study says;
• Tech career marketplace Dice launches new tool aimed at removing bias in hiring.
• The TAtech Learning & Certification Program in Talent Technology Implementation Management. The best way to ensure your customers onboard your products effectively, delivering the performance improvements they want and the quality reputation you deserve.
What Are The Odds Of Success For A US Seed Funded Startup?
Seed funding experienced steep growth in the past decade, with more than 40,000 U.S.-based startups raising this early capital since 2011, per Crunchbase data. With all this growth, are a greater proportion of startups stonewalled at seed? How many of these startups are successfully raising post-seed funding to graduate to the next phase? It turns out that while the odds of raising funding post seed have not changed significantly, per our analysis, raising a large seed round of $1 million and above significantly improves a startup’s chance of subsequent funding. Let’s dive in.
iHire Introduces Intuitive, Step-by-Step Job Ad Builder
iHire announced the launch of its Job Ad Builder, an intuitive, step-by-step tool that allows users to create modern job postings in less than five minutes – helping them attract top talent faster. Now available to registered employers, iHire’s Job Ad Builder is ideal for small and mid-sized businesses and busy recruiters with minimal time and resources for writing a compelling job posting. Accessible through the recruitment marketing platform’s job posting flow, iHire’s Job Ad Builder walks users through each piece of their job ad, including company mission and culture, position duties and requirements, salary, benefits, and EOE statement. Along the way, the tool provides tips and suggestions for optimizing every section – the builder recommends skills, offers “plug-and-play” examples of role responsibilities, and even pre-populates areas of the posting if the employer has an iHire Company Profile.
Student employability platform Simplicity acquires Orbis Communications
Symplicity Corporation, the global leader of student employability and engagement solutions and an H.I.G. Capital portfolio company, has announced the acquisition of Orbis Communications, the most trusted experiential learning solution for post-secondary institutions in Canada. With the acquisition, Symplicity expands its market share of universities and operations in the country, and offers a more expansive employer network to Canadian universities. With over 20 years of experience, Symplicity is the leading SaaS-based platform focused on student employability, accessibility and wellness. With more than 2,000 colleges and universities using Symplicity’s platform, across more than 35 countries, Symplicity partners with institutions and employers to fuse student employability and engagement strategies with its technology platform for higher education students, career centers and university departments. The acquisition will significantly expand Symplicity’s global network of 6 million early talent candidates.
Immigration reform is critical to addressing US talent shortage, study says
Boosting immigration of high-skilled workers is the best approach to dealing with a severe talent shortage that’s affecting American employers, according to a new report. One in four American employers is struggling to fill empty positions due to a lack of available talent, according to TechNet, a bipartisan network of tech CEOs and executives that aims to promote growth in the technology sector. Nearly two thirds (64%) of employers say workforce skills don’t align with their firms’ needs. If the US doesn’t narrow that gap, productivity could be halved, according to the report, which also warns of a slowdown in growth. The solution: update H-1B visa guidelines, which haven’t been changed in 14 years. The tech sector has long relied on H-1B visas to hire high-skilled workers for roles it can’t fill with Americans because of a shortage of STEM workers. Those in support of the program say it’s been critical in bringing creativity and innovation to Silicon Valley.
Dice Launches New Tool Aimed at Removing Bias in Hiring
Tech career marketplace Dice (a DHI Group, Inc. brand (DHX:NYSE)) today announced the launch of Unbiased Sourcing Mode, a new feature allowing recruiters and employers using Dice’s TalentSearch(tm) technologist search tool to anonymize information commonly associated with unconscious bias, including names, years of experience and schools attended. The ability to automatically remove this information can help recruiters and employers make skills-based decisions in their talent sourcing processes, in addition to building out more diverse, higher-performing teams. Unbiased Sourcing Mode can be toggled on and off at any time with one click and will not affect the other features available through TalentSearch(tm). Recruiters and employers using the database can continue to leverage more than 20 filters to help pinpoint specific technologists based on role requirements, ensuring every candidate receives fair opportunities.
The TAtech Learning & Certification Program in Talent Technology Implementation Management
Who gets blamed when a talent technology solution doesn’t live up to customer expectations? The solution provider, of course. Yet, research shows that the vast majority of such shortcomings are caused not by the product or its developer but by inadequate implementation by the buyer. To put it bluntly, most technology consumers lack the skills and knowledge to bring such products onboard, no matter how robust the provider’s own implementation support may be. What’s the solution? Educate your customer. Position your company as an implementation partner with its customers and enroll them in the TAtech Learning & Certification Program in Talent Technology Implementation Management. Your investment will be small and the ROI will be huge, both in customer success stories and your brand’s reputation.