HelloWork, ZipRecruiter, and a survey: news of the job board world

ZiprecruiterThere is news this time around for opti­mists (see Hel­loWork) and pes­simists (see ZipRecruiter), but main­ly, there is a lit­tle bit of every­thing: acqui­si­tions, fund­ing, leg­is­la­tion, and prod­uct launch­es. Unlike last month, at least there are no new lay­offs (I think)! Let’s take a look:

  • Hel­loWork plans more acqui­si­tions: France-based Hel­loWork Group man­ag­ing direc­tor David Beau­re­paire says that Hel­loWork was plan­ning to invest €50 mil­lion ($55 mil­lion U.S.) between 2023 to 2026 to acquire HRTech and EdTech com­pa­nies to con­sol­i­date its posi­tion in its domes­tic mar­ket and expand in . Beau­re­paire also claimed that the com­pa­ny’s suc­cess was main­ly due to the rebrand­ing of its net­work of sites as Hel­loWork in 2022, which helped to solve tech­ni­cal and mar­ket­ing issues. Brand­ing works once again!
  • New EU rules affect job post­ings: New leg­is­la­tion will require EU com­pa­nies to dis­close infor­ma­tion that makes it eas­i­er for employ­ees to com­pare salaries and to expose exist­ing gen­der pay gaps. Work­ers will have the right to infor­ma­tion on pay in their cat­e­go­ry of work, and com­pa­nies will have to act if their gen­der pay gap is over 5%. On pay-relat­ed issues, the bur­den of proof will shift from the work­er to the employ­er. Looks they’re mov­ing from the car­rot to the stick!
  • LinkedIn rev­enue is up: LinkedIn rev­enue rose 10% in con­stant cur­ren­cy to more than $3.70 bil­lion; the increase was 8% on a report­ed basis. The num­ber of stu­dent sign-ups on LinkedIn rose 73% year over year. Look­ing ahead to the fourth quar­ter, Microsoft CFO Amy Hood fore­cast LinkedIn rev­enue will increase in the mid-sin­gle dig­its. Con­grats!
  • DIP Corp. rev­enue is up: Japan-based recruit­ment group DIP Corp. post­ed 16.4% year-on-year (y‑o-y) growth in rev­enue for the fourth quar­ter of the finan­cial year to Feb­ru­ary, to JPY12.6 bil­lion ($95.3 mil­lion U.S.). The com­pa­ny attrib­uted the advance to a surge in sales from per­son­al recruit­ing ser­vices. The com­pa­ny oper­ates flag­ship recruit­ment mar­ket­places Baitoru (for -timers), BaitoruNext (for those look­ing for reg­u­lar and con­tract posi­tions), Hatarako (for tem­po­rary jobs) and BaitoruPro (for health­care roles). Impres­sive.
  • Upwork rev­enue is up: Upwork report­ed first-quar­ter rev­enue rose 13.8% year over year to $160.9 mil­lion, but that is slow­er than the 18.0% year-over-year growth in the fourth quar­ter and 23.8% in the third quar­ter. Gross ser­vices vol­ume — the total amount clients spend on mar­ket­place offer­ings and man­aged ser­vice offer­ings as well as addi­tion­al fees — was flat year over year in the first quar­ter at approx­i­mate­ly $1.0 bil­lion. Hmm.
  • DHI rev­enue is up:  DHI Group’s first-quar­ter rev­enue rose 12.5% year over year to $38.6 mil­lion. Rev­enue rose in both its Dice and Clear­ance­Jobs seg­ments, up 9.2% and 20.7%, respec­tive­ly. DHI fore­cast sec­ond-quar­ter rev­enue will be up between 4% and 5% year over year. Rev­enue for the full year is expect­ed to be up 5% to 6%. Not bad.
  • ZipRecruiter rev­enue is down: ZipRecruiter post­ed an expect­ed steep decline in rev­enue for the last quar­ter, but the com­pa­ny said its expec­ta­tions for the com­ing quar­ter and com­ing year are sig­nif­i­cant­ly worse than they were at the of 2023. The U.S. no. 2 jobs site (after Recruit Hold­ing’s -list­ing sites Indeed and Glass­door) report­ed rev­enue of $184 mil­lion for Q1 2023, down 19% year-on-year. Ouch.
  • Seek job ads down: Job ads in Aus­tralia have fall­en by 19.1% year-over-year in April 2023, accord­ing to job board oper­a­tor Seek. On a month­ly basis, job ads also fell by 1.4%. By , the biggest annu­al decrease was observed in the Hos­pi­tal­i­ty and Tourism indus­try (-48.1%). The lat­est data also shows that appli­ca­tions per job ad increased over the month by 7.7% in April. Hmm.
  • iHire releas­es can­di­date sur­vey data: iHire pub­lished a new research report uncov­er­ing job seek­ers’ pref­er­ences when search­ing for work. The What Can­di­dates Want: 2023 Job Seek­er Report details the results of iHire’s sur­vey of a Qualtrics pan­el com­pris­ing 600 work­ing pro­fes­sion­als in all indus­tries across the Unit­ed States. To down­load the full report, vis­it: https://go.ihire.com/ct59n. Among the results: Can­di­dates want to know salary ranges – and a lack of pay trans­paren­cy can be a deal­break­er; and can­di­dates want some form of in-per­son work, but remote work options remain essen­tial. Worth a read.
  • Recruitics launch­es Fusion: Recruitics has released Fusion, an end-to-end tal­ent con­ver­sion, engage­ment, and screen­ing plat­form. Pre-appli­ca­tion Fusion pro­vides a brand­ed, ATS-inte­grat­ed career des­ti­na­tion that engages and con­verts job seek­ers. Post-appli­ca­tion Fusion pro­vides an AI enabled screen­ing ser­vice that helps com­pa­nies increase hir­ing effi­cien­cy by lever­ag­ing advanced engage­ment automa­tion tech­nol­o­gy and a human touch. Inter­est­ing.
  • Pan­do­Log­ic launch­es new tool:  Pan­do­Log­ic launched pan­do­DI­VER­SI­TY, which is designed to help cus­tomers attract and recruit under­rep­re­sent­ed job can­di­dates. The tool pro­vides access to a  net­work of pub­lish­ers spe­cial­iz­ing in diverse and under­rep­re­sent­ed can­di­dates such as women, minori­ties, indi­vid­u­als with dis­abil­i­ties, and vet­er­ans. Addi­tion­al­ly, the use of AI-based pro­gram­mat­ic recruit­ment tech­nol­o­gy helps to auto­mate and opti­mize hir­ing cam­paigns, remove bias in the recruit­ment fun­nel and enhance data trans­paren­cy. Intrigu­ing.
  • Jop­well is acquired: True, a glob­al plat­form of tal­ent man­age­ment and ser­vices based in Had­don­field, New Jer­sey, acquired Jop­well, a New York-based hir­ing plat­form for diver­si­ty stu­dents and ear­ly-to-mid-career pro­fes­sion­als. With the acqui­si­tion, Jop­well CEO Ryan Williams and exec­u­tive chair­man Porter Braswell will con­tin­ue to lead the com­pa­ny as a unit with­in True Plat­form. Con­grats!
  • Jobb­Norge is acquired:  Viking Ven­ture-owned Grade has bought Nor­way-based recruit­ment com­pa­ny Jobb­Norge, whose job board cur­rent­ly hosts 2,400 list­ings. But Jobb­Norge is in fact more than a job board, since those ads come from com­pa­nies using the recruit­ment tools that Jobb­Norge devel­oped. Besides devel­op­ing recruit­ment tools, Jobb­Norge also runs a media bureau busi­ness. Viking Ven­tures, a ven­ture cap­i­tal investor based in Trond­heim, Nor­way, invest­ed in Grade and Work­Buster in 2021 in order to become a lead­ing play­er in the HR soft­ware space. Very inter­est­ing.
  • Gigs gets fund­ing: Gigs announced its offi­cial launch, along­side the rais­ing of $2.7 mil­lion in pre-seed fund­ing, which it will invest in prod­uct, engi­neer­ing, mar­ket­ing and sales. The plat­form con­nects com­pa­nies with job-seek­ers look­ing for local hourly, part-time or full-time roles in the retail, food and bev­er­age, logis­tics and hos­pi­tal­i­ty sec­tors. Com­pa­nies can source local can­di­dates that meet spe­cif­ic qual­i­fi­ca­tion cri­te­ria and show­case their brand on the site through pho­tos and video. Sounds famil­iar.

Well, we’ll see if (when?) things around for ZipRecruiter in the next few months – and be sure to let me know if Hel­loWork buys you! Until next time…

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