Keep up with the latest hiring trends!
In the news this week:
NEW Indeed Tools and Tweaks Coming your Way!
As announced at their Indeed Interactive event in Austin Texas last week, Indeed, the world’s most popular job board, are working on a variety of tools and tweaks to improve its product – and we’re highly impressed by all of them!
- One of the new offerings will match employers with “actively seeking, motivated” candidates who have richer profiles and have passed through a screening process. The new feature is set to dramatically reduce the time it takes to find immediately available candidates. (Contractors and temp recruiters rejoice!)
- Indeed is also working on a new tool at the campus.indeed.com address that ensures college student users see entry-level jobs first. Also, by re-organising their campus-recruiting site to list jobs by college major, students may come across a job they may not have otherwise searched for, had they merely typed a search into the main Indeed.com engine:
- The company have also started using a “job seeker applicant tracking system” of sorts for candidates to manage their applications. Using the new “My Jobs” tab, job seekers can start tracking the applications they’ve made to various employers and Indeed can push them information in relation to these applications e.g. “Lucy, don’t forget your interview tomorrow”.
And it would appear more matching tools are also on Indeed’s horizon, if rumours from the Indeed Interactive event are to be believed. At the event, the company let on that job-seeker behaviour knowledge it has been collecting for a number of years now (and particularly knowledge relating to the use of location in searches) may be put to good use in the near future. The company said that a new feature they’re working on examines the jobs people click on after doing searches, learns the complexities of job-seeker behaviour, and modifies its search results accordingly. For example, if you’re on Long Island, or Connecticut, a job may be close by, but with the Long Island Sound in the way, you may not want to commute to it. On the other hand, you’d go more miles for a job with an easier commute.
Exciting times over at Indeed HQ it would seem! Which new feature/tool are you most excited to see? Let us know in the comments below.
Jobandtalent Gets $25M To Steer Its Linguistic Analysis Recruitment Platform Toward The U.S.
Recruitment startup Jobandtalent, which uses linguistic analysis to alert candidates to jobs they might otherwise have missed, has topped up its Series A funding round with another $25 million — bringing the total to $39 million.
If you haven’t heard of it before, Jobandtalent uses a linguistics algorithm to identify patterns within the structure and phrasing of job adverts and CVs — converting them into data points to match candidates to suitable jobs. This allows for job seekers to do less active seeking themselves, with the platform pinging them when it thinks it’s found a suitable vacancy.
At this stage, Jobandtalent:
- is signing up more than 450,000 new registered users per month
- is processing 1.7 million job applications per month
- has 3.7 million monthly active users
- saw 6,000 companies advertise vacancies on its platform in the past month
In terms of assessing the performance and accuracy of its matching algorithm, co-founder Juan Urdiales said the company is now looking at “more operative metrics that can make you understand if the suggestions are generating the desired output” — such as average applications per job posting per candidate. He claims this gives 3x to 5x better results than “the leading job boards”.
A US launch was planned for early this year, but was postponed pending greater funding resources. “We did a very small prelaunch test, and we realised that we didn’t have enough money to do a relevant marketplace testing, so we decided to postpone it,” says Urdiales on the U.S. launch. With their new Series A and likely Series B funding, Urdiales told TechCrunch.com that the company are looking to steer their platform beyond their primary Spanish, British and Mexican markets, to the US and will begin to do so by growing market share in South American countries, Colombia and Chile. Of the decision to do so, Urdiales said, “Now we have enough funding to do it properly, so we are going to do some tests in specific locations to understand the marketplace dynamics and then scale it rapidly from there.”
Watch this space people! We think Jobandtalent could have a big future.
‘Tinder style’ job app launches in UK
Originally launched in Stockholm, Sweden, at the end of 2014, the job app allows users to upload a compressed CV, Instagram photos and a 22 second video pitch to their individual profiles, letting jobseekers “apply to up to 30 jobs per day just with one swipe”.
Already a considerable success in Germany and the Nordic region, the app has 10,000 jobseekers registered, and Martin Tall, CEO and Founder of SelfieJobs, insists that the new app is a “win win” for both jobseekers and companies with the aim to “shake up the traditional hiring process”. Referring to the app as vital to young people who are bored and frustrated with current solutions, Tall says: “We started SelfieJobs to let young people self-express their job application in a way not seen before. A few bullets about your education and work history, your favourite picture from Instagram and a short video pitch is all you need to get started. Companies in service industries love this ‘interview first’ approach because they can see and screen the applicant and opt to chat with them instead of reading through a long detailed CV. This makes the job search simple and fun for both applicants and companies while illuminating millions of hidden talents through user pitch videos across the UK and European market.”
Tall continues: “Time is money and it is wasted on filtering through traditional CVs and using outdated application systems not required for this market. SelfieJobs app is the first in Europe and probably the first in the world to enable jobseekers to express themselves with a video-pitch and pictures before applying for jobs with a ‘like’ instead of a long application. This is vital since young people are bored and frustrated with current solutions.”
What do you think of this “interview first” type of approach? Is this type of job search app the way forward?! Whatever your opinions on it, be sure to let us know in the comments below. Create a desktop account here, or download the SelfieJobs mobile app for iPhone here and for Android here.
Twitter Introduces New Audience Insights Tab to Analytics
Yes, the audience insights dashboard tool adds some similar insights as the Facebook advertising platform with aggregate information on really useful stuff like user demographics, interests, purchasing behaviour, education, income level, their mobile usage and even the type of programme they like to watch on TV. These new insights are expected to help advertisers identify a more relevant audience for upcoming campaigns on the platform – and guess what? Recruiters can use them to do exactly the same thing for your job tweets and general content sharing on Twitter.
“You can also use audience insights to learn more about your followers and the people who engage with your Tweets, and then tailor your targeting and content accordingly. For instance, if you’re an app developer and see that the majority of your followers use an iPhone, you can make sure your rich media is tailored for that device,” a Twitter blog post about the new insights states.
When checking out our stats for example, we were able to see the following details about the followers of our Social Talent Twitter account:
- 79% of our audience are interested in technology
- 77% are interested in careers news and general info
- 63% are male
- 56% are married
- 66% like to consume premium brands
- 31% are from the US
- 57% prefer to watch drama on TV
Go and check yours out now! You’ll be amazed at the insights you’ll glean! The new audience insights tool is now freely available to all Twitter advertisers and analytics users, just go to ads.twitter.com -> Analytics tab -> Audience Insights. Twitter-specific information can be accessed within the U.S., with plans to roll this out more broadly over the next few months.
Google+ Chief: Big Changes are Ahead
Our opinion on Google+ has always been: use it because it’s there, but don’t place all your sourcing hopes and dreams upon it. People still use it, and where there’s people there’s potential candidates, but your sourcing efforts may be better focused elsewhere in more popular social networks like Twitter. However, we may have to prepare to change our opinion if all the chat around Google+’s rumoured “renaissance” is to be believed.
Last week, Google’s Bradley Horowitz, made an appearance at the company’s developer conference to tell the world that Google+ isn’t going anywhere, but users should expect big changes to come. In fact, according to Horowitz, Google+ as a service, is being “completely rethought” and that a “renaissance” of thinking behind the product would mean big changes to the social network in the coming months.
“Google+ is where people want to connect around their interests and passions,” “Google+ is where people want to connect around their interests and passions,” Horowitz said. But while he gavc no specifics on the changes to come, he did note that what he sees as one of the best features of the service — it’s vibrant and prolific communities around specific topics (such as photography) — will be an emphasis.
But just that one little nugget of information could be excellent news for recruiters. Think about it. Better communities made up of like-minded people, make for better talent pools for us to tap. And if Google+ are going to work hard to build strong communities of people based around topics like photography, food, interior design, accounting, finance, marketing etc., they could end up with some pretty awesome talent pools. So all may not be lost for recruiters on Google+just yet. We’ll just have to wait and see…
1 in 4 Job-Seekers Lie on Their CVs
Recruiters and employers alike need to be more on their guard it would seem, as a survey has revealed that 1 in 4 UK job-seekers lie on their CVs.
The survey, conducted by independent job board CV-Library, found that more than a quarter (28.6%) of the 2,000+ job-hunters asked lie on their CV. Interestingly, the survey also showed that 82.7% of respondents said they would never lie in an interview, which gives the impression that most people find it more difficult to lie face-to-face than on paper. However, one of the most disturbing findings to come from the survey is that over half (52%) of candidates insist that lying on a CV is now necessary due to high levels of competition, despite the UK unemployment rate currently being at 5.5%!
In response to this figure, Lee Biggins, Founder and Managing Director of CV-Library says that: “Eliminating this behaviour entirely is a challenge, but it’s important to encourage candidates to be truthful. One way of doing this is to request the submission of references along with a CV. This sense of validation encourages honesty from the candidate and makes it less likely for them to embellish the truth. There’s also a lot employers can do to identify white lies during the interview process. A good interview strategy with probing questions will normally unveil anything suspicious.”
He continued to suggest that: “Businesses and recruiters should also be able to gain advice through job boards, such as CV-Library. We work with a number of clients to help identify indiscretions and are continually looking into solutions that make it easier for businesses to track suspicious behaviours on CVs and applications.”
The survey also revealed that men are more likely to lie than women (30.4% vs 24.9%), and that of the respondents who admit to lying on their CV, 91.2% say that their boss has never found out. However, CV-Library also showed that 35.5% of professionals find any form of CV lie unacceptable while 12% strongly believe that candidates who are discovered to be lying on their CV shouldn’t be offered the job.
When asked why candidates lie on their CV, Biggins added: “As the survey data suggests, candidates that admit to lying do so because they feel they are up against stiff competition. However, the good news is that when directly asked if they would lie on their CV, 71.4% of candidates advised they wouldn’t, demonstrating that the majority of job hunters recognise the value of honesty.”
Check out our guide on how to spot CV lies in our dedicated blog post, “Could YOU Spot a Fake Employee Reference?“.