DHI, JobandTalent, and HelloWork: the latest job board industry news
Last time there was plenty of job board news (and check out the stuff below on HelloWork and JobandTalent in particular this time!). But it’s also that time of year when some folks are in the middle of summer, and those of us in the middle of winter are jealous. Ok, some folks like snow – just not me! Enough on the weather, let’s get to the news:
- EJobs.ro reaches new jobs record: EJobs Romania saw employers post a record 420,000 new jobs on its site in 2022, the highest total in the last 20 years. Ringier-owned EJobs is the No. 1 recruitment marketplace in Romania by traffic (1.5 million total monthly visits in December, according to SimilarWeb) and by annual revenue, which amounted to $13.2 million U.S. in 2021 — around 90% of this total coming from job listings. Romania has long grappled with a shortage of workforce, as the country’s European Union accession in 2007 and subsequent loosening of restrictions on foreign labor saw Romanian workers leave in droves for higher pay in Western European countries. Congrats!
- JobandTalent revenues are up: Madrid’s Jobandtalent achieved a 90% increase in annual revenue last year, generating turnover of €1.9 billion as its US business continued to take off, becoming its third largest revenue driver behind the UK and Spain. The platform connects jobseekers to temporary work opportunities in industries considered essential to national infrastructure, for example warehouses, food production plants and transport. Jobandtalent currently has more than 350 US-based clients and operates in over 20 US jurisdictions. The next Indeed?
- ShiftMed secures funds: ShiftMed, a Virginia-based W‑2 healthcare workforce management marketplace that focuses on nurses and aides, closed on $200 million in new funding. The company touts itself as “the No. 1 ranked mobile app for professionals searching for flexible nursing jobs.” The company said the new funding will be used to expand its national footprint to narrow that gap in needed personnel. Its mobile and cloud-based software provides perks to nurses like guaranteed shifts, instant or next-day pay, transportation via Uber Health and health benefits. Interesting.
- Arctic Shores lands funding: Arctic Shores, a startup aiming to improve the hiring process for businesses and people alike, has just scored about €6.4 million (£5.75 million) in fresh funding. The Manchester-based team has developed a pioneering soft-skills assessment tool and is now planning to supercharge pan-European growth. The startup has developed psychometric assessments that, unlike traditional tests, use behavioural tasks and capture responses to determine personality traits which reveal true potential. Intriguing.
- LinkedIn revenue growth slows: LinkedIn revenue rose 10% year over year (14% in constant currency) to $3.88 billion in the fiscal second quarter ended Dec. 31. Revenue growth at LinkedIn is expected to slow to the mid-single digits in the third quarter. Microsoft cited a slowdown in hiring along with a decline in advertising spend, although LinkedIn continues to add members, CEO Satya Nadella said. LinkedIn ranks as the second-largest online job advertising firm in the world. Hmm.
- DHI revenue up: DHI Group reported fourth-quarter revenue rose 17.8% year over year to $39.8 million. Revenue rose at both its Dice segment and its ClearanceJobs division, which focuses on jobs that require federal security clearances. Dice bookings decreased 1% year over year, but Dice revenue renewal and retention rates remained strong at 94% and 107%, respectively. Meanwhile, ClearanceJobs bookings increased 17% in the fourth quarter, and revenue renewal and retention rates were 98% and 117% respectively. DHI expects total revenue to grow in the low double-digit percentage range year over year for each quarter throughout 2023. Good numbers.
- MyNavi sales hit new high: Japan-based job-site operator MyNavi Corporation saw all its key financial indicators post upbeat performances during the fiscal year 2021/22 (from Oct. 1 2021 to Sept. 30 2022). The company’s full-year sales revenue grew by 15.5% year on year (y‑o-y), according to its earnings announcement. The figure makes the company the second-highest-grossing recruitment company in the world, after Recruit Holdings. Wow!
- HelloWork focuses on acquisitions: HelloWork Group’s order book grew by 33% in 2022 to €94 million, solidly positioning the company at the top of the French online recruitment, job search, and skills development market. HelloWork Group will now roll out a new four-year, €50-million mergers and acquisitions strategy. The mergers and acquisitions strategy introduced in 2018 brought JobiJoba, Diplomeo, Seekube, and Basile into the HelloWork fold. These platforms continued to grow over the past year and accounted for 22% of HelloWork Group’s orders received in 2022. HelloWork Group currently has 470 employees in France. Sounds like a good plan.
- ShiftKey lands $300M: Healthcare recruitment platform ShiftKey has closed on a $300 million funding round led by majority investor Lorient Capital, a healthcare-focused private investment company. The company’s platform allows healthcare facilities to hire and schedule on-call staff such as nurses to bid on and create their own work schedules using its app. The company hosts a scheduling platform that aims to reduce the labor shortage-related difficulties in the sector by connecting licensed healthcare workers with medical facilities with staff openings. Interesting.
- JobSnob creates new job board: Job Snob and the American Med Spa Association (AmSpa) have formed a partnership to create a medical aesthetic job board. This connects the association’s network of medical aesthetic professionals with experienced industry candidates, allowing medical spas to strengthen their teams with a wide variety of roles, from entry-level and support roles to skilled medical positions. Job Snob offers concierge recruiting services, an industry-specific job board, and practice acquisition services for medical aesthetic practices nationwide. Congratulations!
- Gigged.ai gains seed funding: Digital recruitment platform Gigged.ai has raised £1.6 million ($2.0 million U.S.) in a seed funding round that was led by Par Equity. The company’s platform matches qualified workers with relevant technology skills to companies hiring in those areas, in addition to helping companies to retain existing staff. According to the company, the number of gig economy workers in the U.K. has tripled over the last five years. Good luck!
- Welcome To The Jungle lands funds: French startup Welcome to the Jungle has raised a new $54 million (€50 million) Series C round. The startup helps other companies recruit new employees more easily by creating sophisticated profiles. In particular, Welcome to the Jungle sends a photo and video crew to your office so that they can shoot some high-quality photos and record some quick interviews with employees. The startup has also developed its own applicant tracking system. Kinda sounds like the Muse, eh?
- Jooble creates startup incubator: Jooble, the Ukranian aggregator, has built a startup incubator called Venture Lab it hopes will help unlock recruitment talent and ideas across the globe. The company is actively looking for startups and CEOs that are willing to develop products within the Jooble ecosystem. The lab functions in two ways — a traditional corporate startup incubator open for entrepreneurs to join as co-founders and get funding, mentorship and resources from Jooble; and a partnership program introduced by Jooble as a way to cooperate with established startups in the recruitment tech space via investment or technology partnerships. Cool idea!
Well – lots of good news both in terms of revenue and funding. Wonder what the next month will bring…