In the evolving world of recruitment, budget decisions for job advertising are becoming more art than science. With many organizations still struggling to develop clear strategies, it’s no surprise that only about half of those surveyed in Talent Tech Labs’ 2024 report have a defined approach to managing their job advertising budgets. A quarter of...
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Effective job advertising is the cornerstone of successful recruitment. To build a strong talent pool and begin the vetting process, employers must ensure their job ads reach the right audience. However, optimizing this process requires a delicate balance between candidate quantity and quality. Too narrow of a focus may lead to extended hiring timelines and...
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Artificial intelligence (AI) is transforming workforce management by enabling smarter, data-driven decision-making. With over 20 years of experience serving the HR industry with cutting-edge automation solutions, Veritone has achieved significant milestones in optimizing labor efficiency, predicting workforce needs, and improving employee satisfaction. However, building and scaling AI-driven systems for workforce management comes with its own...
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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...
Read More 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...
Read More 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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