In a Nutshell: Falling into debt not only adds immediate stress to people’s lives, but its effects ripple into many other areas, including physical health and family relations. Getting out of debt can seem like an insurmountable obstacle, but finding the right job can vastly improve one’s financial situation and overall happiness. Hired aims to help job seekers — particularly those in the tech industry — land the perfect job. The AI-powered platform offers a convenient way for people to search for the jobs that interest them most. And it offers a number of benefits to employers, including reducing time-to-hire and turnover rates.
The past year has been challenging for millions of U.S. residents because of the COVID-19 pandemic. Concerns about people’s safety prompted many companies to shift to remote working models when possible.
In many industries, however, working from home isn’t an option. Healthcare, hospitality and food, and education are just a few of the indispensable job categories that have been forced to weather some of the difficult aspects of the pandemic.
Plus, millions of people in these and other industries have found themselves out of work or their paychecks significantly reduced. People who were already struggling financially have had to go into debt simply to get by. Folks who considered themselves to be financially stable have had to increase their debt level in recent months.
Even before the job market was impacted by the pandemic and ensuing economic downturn, about 40% of U.S. residents could not afford an unexpected $400 expense without going into debt, according to a Federal Reserve study.
Finding the right job — or any job — is not always the easiest thing to do. But thankfully, technology has made it easier to bring employers and job seekers together. And people just starting out or midcareer professionals interested in moving into the tech industry may have chosen a great time to do so.
Hired is a company that leverages this technology to provide an efficient, effective, and pleasant job-search experience for its users.
Josh Brenner, CEO of Hired and Vettery (the company that recently acquired Hired), sat down with us to discuss how job seekers and employers both can benefit from Hired’s AI-based job matching as well as the company’s acquisition.
Leveraging AI to Help Candidates Find the Most Relevant Career Opportunities
Hired, which was founded in 2012, is an online marketplace that matches tech talent with some of the world’s most innovative companies, according to the Hired website.
“Hired combines intelligent job matching with unbiased career counseling to help people find a job they love,” according to the company. “Through Hired, job candidates and companies have transparency into salary offers, competing opportunities, and job details.”
All of these factors help make the recruiting process quicker and more efficient than ever before, according to Hired.
“Hired was recently acquired by Vettery — another leading AI-driven hiring marketplace that was founded in 2013 — on the simple basis of creating a more innovative and transparent hiring process,” Brenner said. “Vettery/Hired bring together three things: a highly-curated, data-driven hiring marketplace, high-touch customer service, and the support of The Adecco Group global network to transform the hiring experience.”
Hired leverages its AI and machine learning capabilities to provide highly-curated and personalized matches of talented tech and sales candidates to companies, leading to better matching and acceptance rates, Brenner said. It also focuses on identifying and promoting active candidates, which helps reduce time-to-hire.
“We strive to spread economic growth by matching underrepresented candidates into high-demand opportunities, with the goal of building amazing diverse teams,” he said. “This includes partnering with organizations including #HIREBLACK, YearUp, The Knowledge House, and many others to ensure we have a diverse pool of top talent on our marketplace.”
Hired also integrates into the HR ecosystem.
“We integrate with HR tools such as Applicant Tracking Systems (Greenhouse, Lever) to make it efficient for employers to find and hire top talent,” Brenner said. “We’re also part of The Adecco Group of companies, where we continue to collaborate and innovate with our sister brands — including General Assembly, Pontoon Solutions, and others — in our joint mission to transform the future of work.”
The Importance of a Transparent Hiring Process
“It’s crucial for employers to provide a transparent hiring process — not only to provide the best experience for candidates but also to ensure they set clear expectations from the beginning on and find the best person for the job,” Brenner said.
Employers should set clear expectations around the responsibilities of a role and what they’re looking for in a candidate, he explained.
“This entails being open about work policies, internal communication, role requirements, and compensation, among other things. This helps to quickly see when candidates are not in alignment with the role and your business needs and identify those who are the right fit,” Brenner said.
Offering greater transparency in terms of salary can also help combat bias and discrimination, giving underrepresented candidates a fair shot and helping companies build more diverse workforces, according to the company.
“As transparency allows employers to build better and more diverse teams, it ultimately enables them to meet their business goals and be more successful in the long term,” Brenner said.
Hired and Vettery’s goal is to help companies create a more transparent recruiting and hiring process by utilizing machine learning and data to provide deeper insights and more relevant information for both candidates and employers, he said.
“Since machine learning models have the ability to track real-time data, they can monitor and surface hiring trends and predict hiring behavior to more quickly and accurately match employers to candidates,” Brenner said.
And job seekers can compare exclusive interview requests side by side with salary details upfront, taking the guesswork out of whether a job is worth applying for.
Employers Can Gain Access to Curated Groups of Highly Qualified Candidates
“Hired recognized that recruiting is often a very tedious and time-consuming process, which is at odds with the needs and demands of time-crunched hiring managers who need to bring on the right candidate, often right away,” Brenner said.
The Hired team wanted to create a solution that combined the best aspects of a recruitment firm and online job board with the most in-depth hiring data in the industry to most efficiently and best match employers and candidates, the CEO explained.
“Innovative companies are only as successful as their people,” according to Hired. “Get instant access to a curated pool of responsive top tech talent actively seeking their next role.”
Employers can search through these candidate pools, each pre-vetted for experience, skills, and salary requirements, according to Hired.
“Built on millions of successful matches, our algorithms find only the right candidates for your job requirements, saving you 45 sourcing hours per hire,” according to the company website.
“Because Hired cuts multiple quarters out of the recruiting process, we bring in quality candidates faster. That has saved us a lot of time and money,” wrote Mike Moriarty, Head of Global Staffing, Engineering at Dropbox.
And Hired is set to become even more beneficial for job seekers and employers in the near future.
“Since Vettery’s acquisition of Hired, our teams have been hard at work creating a combined solution featuring the best of both platforms,” Brenner said.
He said the company will be making some important announcements about its forthcoming unified efforts later this year.
“Additionally, we recently released the 2021 State of Software Engineers report, giving both employers and job seekers valuable insights into the status of the job market for software engineers including how salaries have changed, what skills set applicants apart, and how remote work has changed the hiring landscape,” Brenner said.