HRchitect Tech Vendor News: Hireology Raises $10 Million in Series B Funding from Bain Capital Ventures

August 18, 2014

-HR Technology Innovator Accelerates

Growth and Expansion into New Markets-

CHICAGO, IL. (August 12, 2014) – Hireology, the leading provider of employee hiring and selection management technology for multi-location organizations, today announced that it has raised $10M in Series B funding from Bain Capital Ventures.

Named the No. 1 Talent Management Platform in 2014 by HRO Today, Hireology leverages proprietary data and predictive analytics to help managers make the right hiring choice. Their flagship Selection Manager™ platform – a turnkey system that incorporates robust interview and selection tools; access to leading job boards; skills tests and personality assessments; and background screening – is used by over 1,500 customers globally across a variety of industries and business models including franchises, retail networks, dealer/distributor networks, financial services networks, physician groups and multisite manufacturers.

Mike Krupka, Managing Director of Bain Capital Ventures, led the funding on behalf of the firm and will join Hireology’s Board of Directors. Bain Capital Ventures invests in technology and technology-driven companies across all stages of development and has significant experience in HR application companies including Liazon, LinkedIn, SurveyMonkey and Taleo.

“In just a few years, Hireology has grown from a promising start-up into a major player in the HR technology field, providing easy-to-use talent management technology to organizations that previously did everything manually,” said Krupka. “Recognizing the strong growth potential of this company, we are excited to help Hireology expand and continue to bring much-needed innovation to decentralized hiring organizations around the globe.”

The proceeds from this investment will be used to accelerate Hireology’s customer acquisition and for continued investment in the development of proprietary analytics and technology to help field-based organizations transform their hiring processes.

“In a market that has traditionally focused on the administrative side of hiring, Hireology is unique in its mission to deliver better outcomes,” said Adam Robinson, Hireology co-founder and CEO. “Bain Capital Ventures has an unparalleled track record investing in disruptive HR technology. Mike and the BCV team bring their incredible experience and network to Hireology at precisely the right time.”

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: Facebook Is The Social Network Of Choice For 86% Of The Workforce, But High Mobility Job Seekers Prefer LinkedIn, Jobvite Study Shows

August 12, 2014
Jobvite’s Job Seeker Nation: Mobility In The Workforce Study analyzes job seeker behavior in the two-tiered labor market

San Mateo, Calif., July 22, 2014 — Jobvite, the comprehensive recruitment platform for the world’s fastest growing companies, today announced the results of the Job Seeker Nation: Mobility In The Workforce Study, derived from the company’s annual Job Seeker Nation Survey. Jobvite examined the defining characteristics that set job seekers apart in the two-tiered labor market and how this impacts the methods and tools they use to seek career opportunities.

The data underscores the behavior and characteristics of job seekers in an increasingly divided labor market. This divide has produced heightened demand for highly skilled workers, leaving less skilled workers with fewer opportunities for advancement and mobility within the labor market.

Notable findings include:

A tightening labor market increases demand for skilled workers.

Technology, in combination with the retirement of baby boomers, contributes to increased demand for highly skilled workers. These job seekers have the demand and skill to change jobs more frequently, giving them increased mobility within the labor market. Unlike low mobility workers, these high mobility job seekers are predominately female, college educated and actively use social media and mobile technology in their job search. They have the skills to meet the demands of increasingly competitive and technical fields, making them more optimistic in their career prospects, resulting in the flexibility to switch jobs more frequently. Alternatively, less skilled workers experience more difficulty finding advanced positions resulting in lower mobility when job searching.

Not all job searches are created equal.

Social and mobile technologies have forever changed job seeking. The Job Seeker Nation: Mobility In The Workforce Study found that 70 percent of high and low mobility workers change jobs every 1-5 years, thanks in large part to technological advancements. Regardless of education or skill set, workers never stop searching for jobs, yet the way in which high and low mobility job seekers find jobs differs significantly.

Data shows that twice as many high mobility job seekers use recruiters or social networks during their job search. These job seekers are savvier about their social media privacy and are more likely to use LinkedIn during the job search than low mobility job seekers. Low mobility job seekers prefer to use referrals and Internet job boards in addition to Facebook to find the next career opportunity. However, both tiers of the labor market find the ability to apply for jobs on a smartphone important. This emphasizes the increasing prevalence of mobile for the always-on job seeker as job shopping becomes an extension of everyday life.

High mobility job seekers are more likely to be fully employed, optimistic and open to new opportunities.

As companies struggle to find quality talent to meet demand for technical, highly skilled positions, high mobility job seekers have more choices and opportunities for advancement. Data reveals that education, skill set and demand likely contribute to job seeker’s optimism, which contributes to their increased flexibility and mobility within the labor market. Ultimately, more optimistic workers are likely to leave a company for a better opportunity.

Mobile is important to both tiers of the labor market, but not everyone uses the same tools on mobile.

The rise of social and mobile technologies has turned job seeking from an “under the radar” activity into a part of everyday life. This shift in the job seeking experience is changing how and when job seekers interact with companies and seek new career opportunities. While both high and low mobility job seekers actively use mobile in their job search, how they use mobile difference significantly; high mobility job seekers are more inclined to use LinkedIn, whereas low mobility job seekers prefer Facebook.  For today’s job seeker, mobile is an essential tool in the job hunt, regardless of skill set, education level, or market demand.

“As the economy continues to improve, a divide in the workforce is becoming increasingly apparent” said Dan Finnigan, president and CEO of Jobvite. “Demand for highly skilled, technical positions is rising, leaving less skilled workers to compete for fewer jobs with less opportunity for advancement. This signals a greater need to embrace STEM education and for job seekers to be savvier about their job search with social media and mobile technology. Combined, these factors will help bridge the gap in a fiercely competitive labor market.

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: The University of Calgary Chooses Talemetry

July 31, 2014

The University of Calgary Chooses Talemetry as its Recruitment Marketing Platform

Leading Canadian university to use Talemetry to attract key talent; Talemetry platform will be used to extend Oracle PeopleSoft to source candidates and deliver a modern application experience.

Vancouver, BC, July 22, 2014 – Talemetry, the leading provider of recruitment marketing and sourcing solutions, announced today that the University of Calgary has selected Talemetry to enhance their existing Oracle PeopleSoft talent acquisition manager solution to deliver a complete recruitment marketing platform.

University of Calgary is planning to become one of Canada’s top five research universities by 2016, and it will be particularly important to attract and retain key talent. Talemetry will help the University attract and nurture talent to support its fundamental goal of being a comprehensive academic and research institution.

“We are excited that the University of Calgary has selected Talemetry as a key component of its recruitment marketing strategy. Talemetry’s platform will provide recruiters the ability to directly source candidates from a variety of candidate databases and create talent acquisition and nurturing campaigns to market open jobs to candidates,” said Nick Rusiniak, Talemetry VP of Sales.

Read about Talemetry: www.talemetry.com

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: HealthcareSource Recognized as “Great Place to Work in Healthcare”

July 14, 2014

HealthcareSource®,  the leading provider of talent management solutions for the healthcare industry, announced today that it has achieved industry recognition from healthcare industry leaders Becker’s Healthcare, Healthcare Informatics, and Kronos Incorporated.

HealthcareSource®, the leading provider of talent management solutions for the healthcare industry, announced today that it has achieved industry recognition from healthcare industry leaders Becker’s Healthcare, Healthcare Informatics, and Kronos Incorporated.

HealthcareSource Named to Becker’s 150 Great Places to Work in Healthcare:

Becker’s Healthcare develops its “150 Great Places to Work in Healthcare” list through nominations and editorial research. The 2014 list was expanded to include healthcare providers — medical groups, ambulatory surgery centers, hospitals and health systems — along with other types of healthcare-specific companies, such as consulting firms, health IT vendors, medical societies and more.

The 150 organizations, including HealthcareSource, were chosen for their robust benefits, wellness initiatives, commitment to diversity and inclusion, professional development opportunities and work environments that promote employee satisfaction and work-life balance.

HealthcareSource Ranked Among Healthcare Informatics 100:

The Healthcare Informatics 100 listing provides a unique information resource and financial overview of vendors active in the healthcare IT market. Each year Healthcare Informatics ranks the 100 vendors with the highest revenues derived from healthcare IT products and services earned in the U.S. based on revenue information from the previous year. HCI 100 is among the many accolades HealthcareSource has achieved for consistent revenue growth.

HealthcareSource Receives Healthcare Partner Recognition Award:

Kronos Incorporated, the global leader in workforce management solutions, recently presented HealthcareSource its Kronos Connect Program partner recognition award for healthcare. Based on the integration of Kronos Workforce HR®and the HealthcareSource® Quality Talent Suite℠, healthcare organizations of all sizes can benefit from a comprehensive workforce and talent management solution.

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: FurstPerson Transforms Pre-employment Assessments with Release of FurstPerson Analytics

July 14, 2014

– Company Brings Greater Transparency to Talent Acquisition Process, Enabling Employers to Make Well-informed, Prescriptive Hiring Decisions –

CHICAGO (June 30, 2014)FurstPerson, a Chicago-based provider of talent assessment solutions, today announced the release of FurstPerson Analytics, an innovative new solution that enables companies to combine real-time performance data and candidate assessments to make better hiring decisions across the enterprise.

 

Although HR is the only corporate function dedicated exclusively to maximizing the value of their company’s employees, factors like inaccurate information, fragmented systems and a bevy of myths and assumptions can mask the effectiveness of talent-based processes, particularly when determining who to hire. FurstPerson Analytics solves this problem by simplifying the multitude of HR data and systems into a single, fully customizable dashboard that reveals current performance and future opportunities. As a result, HR professionals can capitalize on employment lifecycle data, make better informed workforce decisions and modify their talent strategies to drive competitive differentiation.

 

Designed for large-size businesses with complex hiring needs, FurstPerson Analytics provides company executives, managers and corporate recruiters with greater transparency into the pre-employment assessment process, enabling strategic talent planning and decision making.  FurstPerson Analytics can be integrated directly with the performance management system and leverages the company’s actual performance and attrition data to help companies answer critical business questions, such as which recruiting sources provide the highest quality job candidates, how the hiring process identifies top performers, how scoring model changes impact quality of hire and fill rate, and the personal qualities most strongly related to job performance.

 

With the release of FurstPerson Analytics, FurstPerson has transformed the assessment function, a process that has typically been relegated to spreadsheets that utilized data that could be anywhere from six months to a year old. The solution leverages real-time data to give employers instant visibility to manage the hiring process. As a result, FurstPerson Analytics enables companies to hire talented individuals based on actual data, rather than going with gut instincts or basing their decisions on outdated or irrelevant information.

 

Additional features of FurstPerson Analytics include:

  • Full customization: Employers can tailor the solution to meet their unique hiring needs by creating different role-based assessment scoring metrics for each job and ensuring candidates are measured against the specific skills needed for their different positions.
  • Interactive dashboards: Through robust, user-friendly dashboards and scorecards with drill-down capabilities, users gain the real-time, in-depth insight to make key talent decisions that drive their business forward.
  • Decision modeling: With the opportunity to perform what-if scenarios, employers can see what would happen if they adjust their assessment scoring criteria, such as raising the passing score, to create a smaller and more qualified candidate pool.
  • Enhanced notifications: Users of FurstPerson Analytics can easily customize data processing actions to create alerts against pre-defined targets and goals, facilitating the process of identifying right-fit talent.

“Companies continue to compete using the customer experience as a point of differentiation, which makes each hire critical to their business. As such, employers need a toolkit that creates transparency so they can understand how well their hiring processes are working,” said Jeff Furst, CEO of FurstPerson. “With the release of FurstPerson Analytics, we’re helping more organizations establish visibility into their hiring process so they can use their own performance data to make the important hiring decisions that lead to greater business success.”

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: EY announces Bullhorn CEO Art Papas Is an EY Entrepreneur Of The Year™ 2014 Award winner in New England

July 14, 2014

Award recognizes entrepreneurial excellence in software category

BOSTON, MA – JUNE 16, 2014 – EY today announced that Art Papas, co-founder and CEO of Bullhorn, the global leader in recruiting software, received the EY Entrepreneur Of The Year™ 2014 Award in the software category in New England. The award recognizes outstanding entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance, and personal commitment to their businesses and communities. Papas was selected by an independent panel of judges, and the award was presented at a special gala event at the Sheraton Boston on June 10.

Founded by Papas in 1999, Bullhorn is the leading provider of cloud-based software for the staffing and recruiting industry. More than 350,000 recruiting professionals use the company’s applicant tracking system (ATS), customer relationship management (CRM) solution, back office, and social recruiting products across 150 countries. Continually innovating, Bullhorn recently released the latest version of its core technology, S Release – the fastest staffing-specific ATS and CRM available on the market.

“Winning an award as prestigious as EY Entrepreneur Of the Year for New England is special to me because I view it entirely as a reflection on the work that my team has done,” said Papas. “Every one of my employees has played a key role helping me build this company. Some of them have even devoted more than a decade of their lives to it. We were recently recognized as being one of the Best Places to Work in Boston by the Boston Business Journal, and I believe that my winning the EY award goes hand-in-hand with Bullhorn being a great place to work. When we create a culture where people thrive, achieve their true potential, and build incredible friendships, extraordinary results will follow. This week we host 300 Bullhorn users for the annual Bullhorn Live Customer Conference, and our whole team is looking forward to translating our positive company culture into an incredible experience for our customers.”

Now in its 28th year, the program has honored the inspirational leadership of such entrepreneurs as Howard Schultz of Starbucks Coffee Company, Pierre Omidyar of eBay, Inc., and Mindy Grossman of HSN. Recent US national winners include Reid Hoffman and Jeff Weiner of LinkedIn; Hamdi Ulukaya, founder of Chobani; and 2013 winner Hamid Moghadam, CEO and Chairman of Prologis.

As a New England award winner, Papas is now eligible for consideration for the Entrepreneur Of The Year 2014 national program. Award winners in several national categories, as well as the Entrepreneur Of The Year National Overall Award winner, will be announced at the annual awards gala in Palm Springs, California, on November 15, 2014. The awards are the culminating event of the EY Strategic Growth Forum®, the nation’s most prestigious gathering of high-growth, market-leading companies.

Sponsors

Founded and produced by EY, the Entrepreneur Of The Year Awards are sponsored in the United States by the Ewing Marion Kauffman Foundation and SAP America.

In New England, sponsors include Goodwin Procter LLP, RBS Citizens, Nixon Peabody, R.R. Donnelley, Scherzer International, Silicon Valley Bank, The Isenberg School of Management at the University of Massachusetts Amherst, True Capital, Accounting Management Solutions, Bingham McCutchen, Chatham Financial, fama PR, and Murray Devine and Company.

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: Bullhorn Partners with Simply Hired to Help Recruiters Fill Open Positions Faster and More Easily

July 14, 2014

One-stop job advertising is now easily accessible within Bullhorn ATS/CRM dashboard; provides targeted reach to more than 30 million job seekers each month

Boston, MA and Sunnyvale, CA – June 12, 2014 – Bullhorn®, the global leader in recruiting software, and Simply Hired, a leading job search engine, today announced a strategic partnership to help recruiters quickly reach and engage more qualified candidates.

Through the partnership, Simply Hired’s performance-based job advertising platform will be seamlessly integrated with the Bullhorn applicant tracking system and customer relationship management solution (ATS/CRM). To help recruiters deliver the best possible candidate experience across web and mobile, Bullhorn and Simply Hired will also debut the industry’s first integration with Simply Apply. This one-click apply feature allows job seekers to quickly and easily apply to open positions using a saved resume.

This integration presents a one-stop job advertising solution, directly accessible within the Bullhorn dashboard. It will provide recruiters targeted reach to over 30 million unique monthly job seekers who use Simply Hired across web, email, mobile, and thousands of partner sites.

Key features of the joint offering include:

  • Expansive, unique candidate audience: Compared to the leading job boards, more than 50% of the 30 million visitors to Simply Hired are unique to the service (comScore 2013).  Recruiters and agencies are now able to attract qualified candidates not available elsewhere.
  • Simply Apply: Jobs advertised through the joint offering are displayed with a Simply Apply logo, alerting job seekers that they can apply using a saved resume for a simple, streamlined application process.
  • Advanced Personalization: The joint offering leverages Simply Hired’s proprietary technology and predictive personalization to match the right candidates to the right jobs, delivering a higher volume of qualified candidates and driving new efficiency.
  • Powerful Candidate Insights: Qualified candidates submit their applications directly through Bullhorn, while providing recruiters with attribution data to help them understand their most effective candidate sources.

“Bullhorn and Simply Hired share a commitment to recruiting innovation and productivity,” said Gordon Burnes, chief marketing officer at Bullhorn. “The industry’s first integration of Simply Apply will provide a more streamlined experience for candidates, and Simply Hired’s proven job advertising capabilities will extend Bullhorn customers’ candidate reach and results.”

“We’re pleased to partner with Bullhorn as measurement, performance and efficiency take center stage in recruiting organizations,” said James Beriker, CEO of Simply Hired. “Our integration with Bullhorn gives recruiters a new way to use technology and data to improve both the candidate experience and recruiting performance.”

The integration from Simply Hired will be available to US Bullhorn customers starting in late Q3 of 2014. Simply Hired will be in attendance at Bullhorn Live 2014, June 18-20 in Boston, MA to answer questions regarding this exciting partnership.

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


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