This year’s HR Technology Conference in Las Vegas is quickly approaching. Veritone Hire will be conducting a session with our customer, Horizontal Talent. We’ll share Horizontal Talent’s real-world application of AI programmatic job advertising and how it impacted their bottom line. Here’s a sneak preview of what we’ll discuss in this session. Horizontal’s success with...
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By Moshe Kigler & Amy Strong Indeed, the # 1 job site in the world recently announced two key policy changes to their sponsored jobs API, impacting recruiters in the US. First, effective September 1, 2024, the use of the Sponsored Jobs API will be limited to paying customers that sponsor their jobs through a...
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Summary: AI technologies like machine learning and natural language processing significantly enhance talent acquisition by optimizing job advertising, improving candidate assessment, and automating recruitment processes. AI helps organizations measure critical recruitment metrics, such as quality of hire, time-to-fill, and cost per hire, offering data-driven insights that improve hiring efficiency and effectiveness. While AI offers transformative...
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As the U.S. labor market navigates through new economic realities, the unemployment rate has climbed to 4.3% in July, the highest level since early 2020. This increase coincides with the potential impacts of Hurricane Beryl, which struck Texas in early July. While the BLS employment situation summary reported ‘no discernible effect’ for July’s data, the...
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The U.S. labor market continues to pull back from its March 2022 peak, with the unemployment rate climbing above 4% for the first time since November 2021. This shift in labor market dynamics is part of the broader trend of supply and demand coming into better balance. As a result, Veritone Hire has seen our...
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The U.S. labor market is experiencing a notable shift, with a surplus of 1.6 million job openings over unemployed individuals, down significantly from the all-time peak of 6.2 million. With this gap continuing to narrow, Veritone Hire has seen a decrease in CPA by 8.4% and conversion rates increase by 8% through May. Understanding the...
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In the past week, the Consumer Price Index (CPI) indicated that inflation pressures remain persistent, challenging the earlier market anticipation of potential rate cuts. The CPI climbed 3.5% year over year compared to February’s 3.2% increase, moving farther away from the Federal Reserve’s 2% target rate. According to Jerome Powell, “More recent data shows solid...
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Summary: Google’s phasing out of third-party cookies prompts a need for cookie-less strategies in talent acquisition, posing challenges for tracking job ad effectiveness. Veritone addresses this challenge by developing a cookie-less approach for programmatic job advertising, utilizing browser fingerprinting for accurate tracking. Veritone’s technology ensures accurate metrics, improved ROI, and compliance with privacy regulations, offering...
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Summary: As part of our mission to make AI technology more transparent in the industry, we’ll highlight the key algorithms in our Veritone Hire products, revealing what inspired them and how they work. Veritone Hire algorithms leverage bio-mimicry and analogy to solve complex problems in the job advertising space. With AI, teams can better optimize...
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Over the last couple of weeks, I had the opportunity to attend my second HR Technology and Conference Exhibition (HR Tech) and my second UNLEASH World. These conferences brought together HR enthusiasts, industry experts, and organizations from across the world to discuss the latest innovations and future trends in human resources. I am grateful for...
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