Talent Acquisition Ecosystem Encyclopedia

TTL Staff

Talent Tech Labs recently released the seventh edition of their Talent Acquisition (TA) Ecosystem, a four-stage, classification resource for TA technology. With all the new additions and shifts made, use this essential encyclopedia to navigate the most current technology in HR.

@TalentTechLabs Ecosystem 7 showcases the best #TA technology. Use this encyclopedia to navigate the 34 different bubbles: Click To Tweet

Source

The Source Stage provides TA technology resources to help aid in both finding a job and/or recruiting for a job.

Individual Career Management

Career Advice & Coaching

These companies provides solutions for individuals looking for new job opportunities.

Job Search Organizer

Job Search Organizers help individuals track, manage, and take action on their various job search activities.

Social CV and Resume Builder

These companies aid job seekers in perfecting their CV or resume.

Job Advertising

Job Boards

Job boards are companies which have a consumer-facing digital property through which job seekers can search for jobs, and companies in need of talent can identify potential candidates.

Job Distribution

Job distribution companies enable jobs that are published from a career site to be delivered to specific job boards and/or aggregators of the employer’s choosing.

Programmatic Advertising

Programmatic Advertising technologies allow companies to advertise open roles at their company to specific audiences and demographics. They provide real-time bidding capabilities to advertise job opportunities in a manner similar to how broader media buying companies target buyers.

Job Board Aggregator

Job aggregators pull job postings from multiple sites including company career sites and job boards and allow job seekers to search for all open jobs in one place.

Peer to Peer Recruitment

Referral Tools

Referral technologies help companies and individuals harness the power of their extended networks by providing tools through which they can source candidate ideas from current employees, and track/reward the success of those referrals.

Shared Talent Networks

Shared Talent Networks allow a company to input silver-medal candidates and access other corporation’s silver-medal candidates in an efficient and scalable manner.

Social Networks & Search

Social Networks

Social networks provide a platform through which individuals can connect to build their professional networks.

Social Search

Social Search companies are advanced web search tools which take into account the social graph of the person initiating the search query and/or the person being searched. These technologies leverage innovative algorithms and machine-learning techniques to produce candidate ideas that are a fit for open job opportunities.

Online Staffing

E-Staffing

E-Staffing technologies create a platform for employers and candidates to connect, and provide a balance of human and machine inputs to automate hiring recommendations.

Temporary Labor Marketplace

Temporary Labor Marketplace companies provide a platform to match freelance or temporary workers with employers looking to hire someone with a particular skill set for a finite piece of work.

Recruitment Marketplace

Recruitment Marketplaces are narrowly focused on recruiter discovery, featuring thousands of independent recruiters and agencies that can be used for specific hiring projects.

Crowd-Sourced Recruitment

These platforms are used to crowdsource talent for project-based work where employers may post a problem or project and receive one-time contract bids for the project.

Engage

The Engage Stage provides TA technology resources to help companies interact with potential candidates.

Candidate Communication

Candidate Relationship Management

Candidate Relationship Management (CRM) tools are focused on improving and managing a candidate’s experience with hiring organizations.

Bots

Bots are an automated communication medium (text, voice or video) that use either branching logic to go from one question to the next, or deeper machine learning or neural networks to respond to the input in what seems like a thoughtful manner. They are used to automate communication with candidates.

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Employer Branding

Employer Reviews

Employer Reviews companies offer a Yelp-like value proposition for prospective and current employees to evaluate and track what people are saying about their current/future/dream employer.

Brand Management

Brand Management companies focus on either managing a company’s online reputation externally from the corporate careers site or on enabling the company to engage with talent in a branded 3rd party environment.

Brand Creation

Brand Creation companies provide solutions to improve either a company’s career page or their job descriptions, both of which are focused on creating a branded experience for talent.

Select

The Select Stage provides TA technology resources to help recruiters source the best candidates for their company and the open position.

Assessment Tools

Behavioral Assessment

Behavioral Assessment companies deliver tools that test an individual’s cognitive capability, behavioral tendencies, cultural fit and/or personality traits.

Skill Assessment

Skills Assessment companies offer technical skill assessment solutions to help companies make better-informed hiring decisions. Marketed as skill equalizers, companies are able to hire for demonstrated knowledge and skills vs. claims made in a resume.

Simulation-based Assessment

Simulation-Based Assessment companies offer technical and non-technical assessment solutions by simulating job-specific scenarios to help companies make better-informed hiring decisions.

Recommendation & References

Recommendation and Reference solutions are digitally-enabled reference aggregators, background check tools, and onboarding solutions.

Interview Process

Video interviewing

Video interviewing tools enable more effective and efficient interview processes for companies. The Video Interview technologies that are more mature have developed strong predictive capabilities as well as broader interview process management tools for employers.

Interview Management Tools

Interview Management tools enable key operational efficiencies within the interview processes for companies. Marketed as calendar scheduling tools, the value proposition for recruiters is that they can more easily coordinate interviews and shorten time to fill at volume with these streamlined productivity tools as compared to teams without automation.

Matching Technology

Matching Systems

Matching Systems companies provide matching services based on a variety of inputs, including semantic-based matching, assessment outputs, and preference “signals” (e.g., observable data about what types of talent companies are interested in and what jobs candidates are interested in).

Resume Parsing

Resume Parsing Software companies provide multilingual tools to dissect resume content and apply semantic-based searches to extract relevant information. The core value proposition for companies lies in the speed and accuracy of parsing tools which result in a reduction of data entry and verification costs, activities which were historically people-driven.

Hire

The Hire Stage provides TA technology resources to help aid tracking and hiring candidates.

Tracking Systems

ATS – Staffing Companies

Applicant Tracking Systems (ATS) are the backbone for most recruitment technologies. It is through these systems that corporations track and manage their multiple job requisitions and candidates. These companies specifically focus on serving staffing companies.

ATS – Corporations

Applicant Tracking Systems (ATS) are the backbone for most recruitment technologies. It is through these systems that corporations track and manage their multiple job requisitions and candidates. These companies specifically focus on serving corporations.

Freelance Management Systems

Freelance Management Systems (FMS) are web- or cloud-based talent exchanges and online work platforms which enable companies to search, sign, and engage directly with non-employee talent.

Vendor Management Systems

Vendor Management Systems (VMS)offer software solutions to corporations to enable the comprehensive management of their contingent workforces. This may include any or all of the extended labor spend categories, including temporary staff, professional contractors, service workers, consultants, project-based workers, independent contractors (freelancers), and alumni.

Platform Tools

Analytics

Analytic platforms provide real-time data to recruiters on metrics impacting the recruiting process.

API Connectors

API Connectors integrate software platforms and data management systems to make data and content exchange easy.

TTL’s Ecosystem 7 is a helpful guide to TA technology. Use this essential encyclopedia to understand the 34 bubbles located in the four stages, and how your company can benefit from the most current technology in HR.

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