Stratigens was thrilled to be included in ToTalent's recent article about the Top 12 Global Recruitment Technology companies and initiatives to keep an eye on in 2024. Please keep reading to see Jason Lefebvre's article....
Inspired by recruitmenttech.nl
Recruitment technology stands out as a truly international market. In this article, we highlight 12 companies from 10 different countries that are worth keeping an eye on in 2024. Each of these companies operates in a unique segment of the recruitment market and brings a distinct value proposition.
‘Olivia helps transform the broken candidate experience.’
“Olivia takes on the heavy lifting, enabling recruiters to concentrate on more meaningful conversations and be more proactive in other aspects of the process. The candidate experience is flawed, and Olivia helps recruiters streamline that part of the process, ensuring candidates receive maximum benefits.”
The Talentpool Community, rooted in the advanced AI skills-matching technology of SkillsCV, operates as a unique platform in the Netherlands. The essence of the community lies in employers exchanging their ‘second best candidates,’ turning one company’s rejection into another’s successful hire. Maarten Westerduin, the CEO of The Talentpool Community, envisions surpassing LinkedIn’s influence in the Netherlands by 2026 and ambitiously plans to extend the concept across Europe.
Stratigens is a firm specializing in decision intelligence software. Their focus is on assisting companies in connecting the dots between the labour market, economics, and location, enabling them to make swift and cost-effective decisions driven by data. What sets Stratigens apart is its unique software package, the sole one to integrate global workforce and workplace data into a single platform.
According to Alison Ettridge, founder and CEO of Stratigens, “Talent intelligence allows you to gain insights through the perspective of your competitors, providing a glimpse into their upcoming strategic moves.”
Haystack, tailored for technical professionals and founded in 2020 during the pandemic, reflects the collaboration of former recruiter Chris Bone and software developers Mike Davies and Rob Simmons. Their collective aim was to assist individuals in the tech industry in making well-informed career choices. Haystack employs an algorithm to connect individuals with suitable roles, eliminating the reliance on recruitment agencies.
According to Chris Bone, one of the minds behind Haystack, the key is to “chase the vision, not the money” (RTFounders).
Coveto, a player in the field since October 2000, specializes in e-recruiting, job marketing, and candidate management. Pia Tischer, a representative from the German company, explains, “Our software equips small and medium-sized businesses with all the necessary tools, sparing them the need for a marketing agency, an internet agency, and multiple job sites.”
In the words of Pia Tischer from Coveto, the emphasis is on “efficient applicant management and increased market visibility.”
She highlights how Coveto simplifies the process, enabling users to input a position effortlessly, optimizing it through various methods and AI, and subsequently disseminating it across numerous channels. This approach enhances visibility, levelling the playing field for smaller companies. The software solution effectively addresses two challenges: attracting more applicants and providing a streamlined application process overview.
As the importance of reference checks continues to rise in the recruitment landscape, a new entrant in this domain is the Swedish startup Refapp. Initially designed as a standalone tool, Refapp has evolved to seamlessly integrate with any applicant tracking system (ATS). The Swedish company has successfully extended its services to renowned entities such as Manpower, WWF, Volvo Group, and KPMG. Currently, Refapp conducts over 400,000 reference checks annually across 20 different countries.
In an interview with Niklas Ekberg from Refapp, he expresses the company’s ambition, stating, “We’re trying to expand our reference checks globally.”
The Estonian company Teamdash provides a platform specializing in the analysis of recruitment data. Their tool helps companies enhance their recruitment processes by offering valuable insights derived from data analysis. Formerly known as RecruitLab, Teamdash stands out as an ideal choice for organizations aiming to refine their recruitment processes.
Paavo Heil, co-founder of RecruitLab, expressed their vision, saying, “What we want to do is make recruiters happy.” (RTFounders)
RecruitLab aspires to be an all-in-one recruitment software, encompassing recruitment marketing tools and diverse media recruitment tools essential for modern recruiters. Paavo Heil emphasizes the time-saving aspect of their solution, acknowledging that this is a common claim but one that holds true for RecruitLab as well.
HirePort, an Amsterdam-based firm, is full of ambition as it seeks to pair the top recruiters with the most challenging job openings. Co-founder Bram Medema describes the company’s broad scope, which includes technology, marketing, sales, finance, and human resources. In an interview with Recruitment Tech, Medema discusses their objective of being a complete destination for attracting top talent, seeking to serve as a one-stop shop for diverse recruitment needs.
Hungarian company PractiWork has the goal of facilitating a smoother alignment between candidates and jobs through various testing and measurement methods. CEO Ákos Zsuffa explains, “We employ practical, in-depth tests to obtain candidates’ parameters, measuring abilities, skills, personal characteristics, attitudes, and interests. We assess approximately seventy parameters for each individual. Additionally, we have exercises designed to measure hand stability and coordination.”
In an interview with Ákos Zsuffa at Unleash 2023, these practices were discussed in more detail.
RecruitAgent.ai uses data from the Intelligence Group to conduct AI-driven professional intakes with recruiters or job holders. The platform provides a number of services, including writing compelling recruiting texts, establishing recruitment strategies, offering media advice, preparing job pitches, and selecting agencies for efficient deployment. RecruitAgent is available for free use, and it also provides the option to translate and post job openings globally, with the latter service incurring charges.
Fuel50 stands out as an AI-powered talent marketplace platform designed to boost internal talent mobility. “We provide organizations with a tool that helps employees maximize their talent and skills,” said Jo Mills, Fuel50’s co-founder and Chief Experience Officer. Originating in New Zealand in 2013, the company has swiftly expanded its operations to include the United States and Europe.
Jo Mills further elaborates on the company’s purpose, stating, “Our AI-driven marketplace delves into the core of the employee proposition.” Organizations turn to Fuel50 for diverse reasons, as Mills outlines: “One of them is retaining valuable employees. Additionally, it’s about fostering internal mobility and helping individuals discover opportunities to maximize their skills, contributing to overall business success.”
Bryq, headquartered in Athens, stands as a Talent Intelligence platform rooted in validated psychometrics. Established in 2017, the company’s objective extends beyond merely reducing time-to-hire; it also focuses on fostering team diversity and cultivating organizational cultures. “We aim to elevate predictive analytics. Relying solely on continuous recruitment is no longer sustainable for companies. Failure to optimize the existing workforce could lead to long-term losses,” says CEO Markellos Diorinos.
In an interview with Recruitment Tech at UNLEASH 2022, Diorinos details the platform’s approach: “It examines the specific job requirements and generates a profile based on the necessary skills. The online assessment, lasting 10 to 20 minutes depending on the job, remains consistent, yet Bryq tailors the criteria based on candidate attributes. Consequently, all candidates, whether ten or 100,000, are ranked according to their alignment with the company’s specific requirements.”
For information on Stratigens www.stratigens.com