Nominations close on the 14th December 2018
The Onrec Online Recruitment Awards Ceremony will be returning again on Thursday 7th March 2019, held at The Grange Hotel, St Pauls. An evening not to be missed celebrating the success, growth, innovation, talent and achievements within the Online Recruitment Industry.
A.I. Talent Recruitment Platform STELLARES Raises $3.5 Million to Help Top Technology Engineers Uncover Their Ideal Careers
The global recruiting market is estimated to $420 billion, which to put into perspective is about three times the size of the employee training market. The reason for this is that more than 20 percent of all workers change jobs every year, so employers are constantly advertising, sourcing, recruiting, interviewing, assessing, and onboarding new people. Hiring the right talent is critical to the success of every organizational. However, the traditional recruiting process still involves tedious manual tasks and cannot keep pace with current demands. It’s sometimes difficult for qualified candidates to find the right jobs.
As technology becomes more mature, artificial intelligence and machine learning are going to play pivotal role in the matching the right candidate to the right job. One artificial intelligence startup, STELLARES (latin plural of “stellar”), is on a mission to revolutionize the tradition recruitment process via is A.I. talent recruitment platform. STELLARES is an A.I.-powered talent agent for top tech talent. To achieve this goal, STELLARES announced it has raised $3.5 million in an initial round of funding led by Jerusalem Venture Partners (JVP).
Founded in 2016 by Roi Chobadi and Andy Katz, STELLARES’ artificial intelligence (A.I.) platform helps the world’s top tech and engineering talent unlock careers that are aligned with their life goals. STELLARES’ AI algorithm looks beyond job descriptions and salaries to factor in over 100 candidate and employer data points to achieve better and more efficient hiring outcomes. Some of these unique factors include interests, work-life balance, professional and personal growth, hiring manager and team fit. The result is less time spent by HR
vetting talent, decreased employee churn for talent-strapped companies and a seamless path to the most fulfilling job opportunities for tech talent. STELLARES counts over 100 top tech companies and startups as clients including bright, early-stage stars such as JOBOX.ai as well as tech titans such as Branch, Yelp and Lyft.
Our A.I. talent agent ‘reads’ information from our onboarding to get an understanding of our candidates,” Roi Chobadi, CEO of STELLARES, said. “It then ‘chats’ with them to dive even deeper to understand variables like character and soft skills. After that, the candidate is done; our A.I. talent agent does all the work of matching and pitching our talents into very selective opportunities. Companies say ‘yes’ to meeting with candidates that we present 60% of the time. Aside from sourcing efficiency, we’re seeing that STELLARES hires are more productive from doing what they love.
We’re excited to see how our talent retention rates compare with industry standards. STELLARES is focused on the US engineering market, which is currently worth $2B in recruitment fees alone and intends to tackle the entire US tech sector within two to three years, a market that’s worth approximately $10B. Yoav Tzruya, General Partner at JVP says, “some of life’s most critical decisions, such as career choice, remain elusive. This is where STELLARES comes in. STELLARES unique approach to employment matchmaking is not only quantitative, but also matches soft skills, interests and psychological aspects using A.I.. This is the future of finding the right match for both individuals and organizations.”
STELLARES’ artificial intelligence-based algorithm platform accurately identifies and matches the personal and professional goals of employees and possible employers. Unlike recruitment platforms, Stellares matches top tech talent based on hundreds of attributes, including soft skills, work-life balance, employee growth and hiring manager and team-fit to deliver highly tailored matches.
JVP is a Jerusalem-based venture capital fund that has raised $1.3B across eight funds and invests in early-through growth-stage companies across a range of industries. It has built more than 120 companies and facilitated 12 initial public offerings on the Nasdaq exchange.
Credit: Tech Startups
Leading Provider of Outsourced Talent Acquisition Solutions Partners with Top Video Job Board and Recruiting Platform.
BountyJobs, Inc., leading provider of third-party recruiting platform for collaboration between employers and search firms with over $1.6 billion in placement fees to recruiters and the world’s largest recruiter marketplace, today announced a strategic partnership with visual job search and recruiting platform, goldi.
This strategic relationship with goldi is the latest in the fast-growing BountyJobs partner network, seeing 500% growth in 2018 and resulting in the largest partner network of any recruitment marketplace. This network connects innovative technology providers focused on improving the way companies recruit, attract and retain talent. This mix of partners has been hand-selected to help support the key constituents of the two-sided BountyJobs Marketplace; employers and recruiting agencies. The BountyJobs solution can be integrated within any ATS and values the relationships and expertise that partner agencies bring to the table.
goldi connects job seekers and companies more efficiently than ever before, by allowing both sides to get a true sense of each other before the interview process begins. How? Companies create quick video job descriptions about the role and who they’re looking to hire. Job seekers then respond with video job applications about their experience and interest in the position. This saves both parties valuable time by eliminating the need for initial screening interviews.
Leveraging video in this authentic way allows job seekers to highlight their experience and enthusiasm for a role far more than a traditional resume ever can. They also get an inside view of the culture and work style of companies they are considering applying to and discover new companies during the process. The video profiles are both a recruiting and branding platform for employers. They can highlight their best attributes and people, allowing companies to attract top candidates in this candidate-short market.
“goldi’s technology is completely unique to any video platform currently in the market. They continue to innovate and push the envelope in key aspects of talent acquisition, aligning perfectly with BountyJobs’ core values,” said Stacey Steiger, Vice President of Product & Marketing at BountyJobs. “The visual nature of the video job descriptions, and the built-in screening tool during the application process provides immense benefits for both candidates and employers alike.”
“BountyJobs’ platform is a perfect fit for goldi because it is not only used by companies, but also by search firms,” said Melanie Andersen, CEO and Co-Founder of goldi. “goldi initially focused solely on companies, until it became apparent how much search firms could benefit from our technology. By replacing initial interviews with quick video job applications, search firms are able to save immense time and make more placements. We’re excited to provide recruiters of search firms on BountyJobs with exclusive access to our platform. The personal profile videos that they can record on their computer or mobile device will also benefit both recruiters and hiring managers. They’re a great way to show job seekers who you are, more authentically than ever.”
The new relationship, which marries video job search and recruiting technology with traditional talent acquisition, creates an innovative approach for employers when making critical hires.
goldi, a Viddie company, is a video job board and recruiting platform connecting job seekers and companies through short videos. From the web or our iOS app, companies create quick video job descriptions about their open roles and who they’re looking to hire. Job seekers then respond with video job applications about their experience and interest, answering the three questions asked by the company specific to the role. goldi video applications often eliminate the need for first interviews, saving time and making goldi a productivity tool for anyone in a recruitment role. Learn more at http://www.goldi.com
Sometimes sourcing talent for business-critical positions requires a little help. Our web-based platform features a marketplace of over 10,000 highly-qualified agencies and a performance-based matching algorithm that helps hiring teams of all sizes find and engage the recruiters for each of their roles. All this inside our simple yet effective platform designed to keep you in control of the entire recruitment process. Help makes hiring happier. Learn more at http://www.bountyjobs.com.
Credit: Cision PRWeb