'Deep dive' on Blockchain in HR for identity checks, harassment reporting, job marketplaces. Plus this month's Top 10 HR Tech investments including Ziprecruiter and Jolt.
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Blockchain in HR + Top 10 HR Tech investments of the month - Perfect Match October Meetup
18. Blockchains are effectively database
tables that contain a set of special keys
Block
Number
Name Degree Grade Hash
1 Kia Patel Medicine 2:1 000018a7e70b
2 Osman Pavard Economics 1 hons 00009d325ac1
3 James Johnson Nat Sci 2:2 00003492c22e
4 Flora Lopez French 1 hons 00001a112032
5 Fazana Shyam Geography 2:1 hons 00007ba32609
6
(This could be a real blockchain)
19. A hash is just a function that creates a
specific answer from specific inputs
Input 1: the previous row / block / hash
Input 2: the current row
Hash Function 00009d325ac1
Output: Row Hash
(We use them all the time when we browse the internet)
20. The Key Part: This means that every
row/block is linked to everything that comes
before
Block
Number
Name Degree Grade Hash
1 Kia Patel Medicine 2:1 000018a7e70b
2 Osman Pavard Economics 1 hons 00009d325ac1
3 James Johnson Nat Sci 2:2 00003492c22e
4 Flora Lopez French 1 hons 00001a112032
5 Fazana Shyam Geography 2:1 hons 00007ba32609
6
This could be a real blockchain
21. So if we change an entry we have to change
every row after to agree
Block
Number
Name Degree Grade Hash
1 David Ardagh Medicine 2:1 000068bb702
2 Osman Pavard Economics 1 hons 00009d325ac1
3 James Johnson Nat Sci 2:2 00003492c22e
4 Flora Lopez French 1 hons 00001a112032
5 Fazana Shyam Geography 2:1 hons 00007ba32609
6
This could be a real blockchain
x
x
x
x
x
22. The end result: Blocks are locked in
chronological order and cannot be
changed
Block
Number
Name Degree Grade Hash
1 Kia Patel Medicine 2:1 000018a7e70b
2 Osman Pavard Economics 1 hons 00009d325ac1
3 James Johnson Nat Sci 2:2 00003492c22e
4 Flora Lopez French 1 hons 00001a112032
5 Fazana Shyam Geography 2:1 hons 00007ba32609
6
This could be a real blockchain
Block numbers can be timestamped causing
each block to be attributable to a specific
time and date.
23. Stopping the falsification of records is an
important use case across industries
Blockchain degree
verification would w
stop degree
forgery/embellishment
overnight
32. This technology has the potential to
rebuild the internet internet 3.0
Own your data
Distributed networks
mini economies with
their own reward
systems
Eg employees and
customers earn
tokens
33. This technology is also being used to help
eliminate sexual misconduct
eg Vault
34. Vaultplatform.com: More complex features of blockchains can be
used to spot patterns even if people dont want to come forward
themselves
vault
35. By removing a central party new incentive effects can be
utilised to create network participation
Rewards can create
crowdsourcing
models that are not
viable in a centralized
model
36. In a decentralised network social networks and referrals
can reward the individual
eg Jobeum
53. If you want to keep track of Blockchain
companies yourself
54. Here is part of the ICO bench report for
Aworker
55. Here is part of the ICO bench report for
Aworker
57. In summary Blockchain in HR
Ultimately will impact all parts of HR:
Recruitment
Engagement and Performance
Management
Information Systems & People
Analytics
Learning and Development
Key blockchain
enablers:
Ownership of data
Distributed
services
Shared incentives
59. 7.50pm
Top 10 HR Tech Investments
59
Q3 2018 has seen massive HR Tech investment
60. Top 10 HR Tech Investments
1. ZipRecruiter
Jobs Marketplace
This Round: $156M Total Funding: $219M Location: California
61. Top 10 HR Tech Investments
2. Pymetrics
Gamified
Assessment
This Round: $40M Total Funding: $56.6M Location: New York
62. Top 10 HR Tech Investments
3. Payactiv
Employee Benefits
This Round: $20M Total Funding: $33.5 Location: California
63. Top 10 HR Tech Investments
4. Strivr
Learning and Development
This Round: $16M Total Funding: $21M Location: California
64. Top 10 HR Tech Investments
5. Skello
HR Automation
This Round: $6.9M Total Funding: $6.9M Location: Paris
65. Top 10 HR Tech Investments
6. Jolt.us
Learning and Development
This Round: $7.2M Total Funding: $9.2M Location: California
66. Top 10 HR Tech Investments
7. ConveyIQ (formerly: Take the Interview)
Candidate Engagement
This Round: $5.5M Total Funding: $19.6M Location: New York
67. Top 10 HR Tech Investments
8. Good Time
Interview Scheduling
This Round: $5M Total Funding: $7.2M Location: California
68. Top 10 HR Tech Investments
9. Talent Clue
Employer Branding
This Round: $4.6M Total Funding: $6M Location: Barcelona
69. Top 10 HR Tech Investments
10. Factorial
HR Automation
This Round: $3.25M Total Funding: $3.8M Location: Barcelona
83. There is huge curiosity about where this
is all heading
Help me make sense of this
83
It all sounds a bit Big Brother
Is my job safe?
Really transforming things
85. The Perfect Job Match
A big improvement from employee point of
view...
Interests Boss CultureTeam Money
Skills Quick Efficient Learning Progression
85
Employee : Perfect from their point of view
A fit with what they like for
86. The Perfect Job Match
A big improvement from employer point of
view
High
performing
Cheaper Faster
86
Employer: More than 10x better than today
A fit with what they like for
87. A Perfect Match requires a lot of things to
be understood about employee and
employer
Interests
Boss CompanyTeam
Money
SkillsPersonality
Candidate
Commute
Intelligence
Preferences:
Performance
About the people and company:
Role
A lot of data.Culture
Environmen
t
The company:
93. Data
Challenges in at least four foundational
areas to deliver a world of Perfect
Matching
93
AI
Psych-
ology
Privacy
Over time
Voice
Job
performance
Deep learning
Models
Match to
performance
Massive issues
Recording
conversations
OK?
95. Incredible what is possible over 10 years
2004
95
2005 20072006
Date of founding
2004 20051996
Time for a big new wave in HR?
2001 2002
2012
96. Everything is global..
but hubs still matter. London has great
assets
AI hub
96
HR Tech leadership
Psychology hub
Recruitment hub HR Tech & Tech hub
97. The world is working away already to
move us to the Perfect Match
97
but its going to take 20+ years rather
than 10 because of the hard to solve
problems
98. Enter
98
To help get us quicker to the benefits of the
world of perfect job matching
by identifying the things that are difficult in
perfect job matching and
accelerate when they get solved by enabling a
community to solve them
Perfect Match
99. Perfect Match:
Build a community
99
Gather people
Clarify the big problems
Meetups
News
See where it goes
100. Perfect Match:
Gather people: Meetups
100
Analysis: HR Tech News &
Perfect Match progress
Energy
Regular
Meet people
Learn things
Meetups that include: July Assessment
August Jobs Marketplaces
September ATS & CRM
October Blockchain
November Gaps
#61: (Thats a $2B valuation)
Wow.
Gusto are a payroll and benefits solution optimised for SMEs. Specifically they target companies with <200 employees and help them run payroll and offer benefit packages they wouldnt normally be able to negotiate.
Theyve also recently partnered with Xero as their payroll partner - a powerful strategic partnership aiming on seamlessly integrating the two products.
#62: Payroll and benefits company Namely has closed a $60m round with their new CEO Elisa Steele (previously: Skype & Microsoft).
This brings Namelys funding to a massive $217m dollars,
The funding likely signals confidence a new stage in the companys growth. Despite them also having underwent sweeping restructuring last spring. Including several changes at the C-suite level.
#63: PayActiv is the best way for employees to get financial relief between paychecks, a service needed by two-thirds of the workforce. We give businesses the tools essential to ease the financial stress of their employees and build a higher performing workforce.
PayActiv is the right way to improve employee financial health. Our aim is to empower lower-income American workers with dignity. We accomplish this by providing employees timely access to their earned-but-unpaid wages.
Our social responsibility DNA and decades of experience in payments technologies helped us reimagine the way financial services should be delivered to lower-income workers. PayActiv is designed to help each and every user reach financial resilience and wellness.
PayActiv serves thousands of employees and industries all across the boardrestaurants, factories, hospitals, retail stores, and many more. Walmart is one of our marquee clients.
Screen Shot 2018-10-17 at 10.35.08
#64: STRIVR transforms the way companies train and develop their employees, using virtual reality (VR) to simulate real-world, on-the-job situations for enhanced learning. Leading Fortune 500 companies and sports teams use STRIVRs immersive training platform to create highly engaging experiences for fast, consistent and effective training. Incubated in conjunction with Stanford University's Virtual Human Interaction Lab, STRIVR uses scientifically proven research in cognitive science and human behavior to increase employee engagement and retention. STRIVR VR experiences deliver a compelling ROI: higher productivity, lower training costs and better job performance.
#67: Were ConveyIQ (formerly known as Take the Interview) and we are changing the way companies communicate and engage with top talent. Our mission is to build the most innovative products possible that enable employers to create remarkable hiring experiences at scale.
Leading brands in over 95 countries work with ConveyIQ to hire the best talent, including Dentsu Aegis, NBCUniversal, Blue Apron, Equinox, Zappos, and The New York Times.
The website is www.conveyIQ.com. ConveyIQ is headquartered in New York City.
The Company has been funded by 3TS Capital Partners, Rittenhouse Ventures, StarVest Partners & Draper Associates.
#68: Worklete has the lofty goal of helping their clients eliminate workplace accidents.
They are based in the bay area and help companies with labour intensive workforces (such as Nestle Water) train their staff how to correct techniques to stop avoidable accidents.
They claim that their platform helps companies achieve a decrease in accidents and claims of upwards of 50%.
The founder comes from a family with experience of running a safety and movement advisory consultancy for 30 years, so they certainly have domain expertise.
Their platform delivery method appears to be working too, with a 95% engagement rate amongst enrolled employees.
#69: Talent Clue is a recruitment software that automates and optimizes your entire hiring process, your Employer Branding and your candidate experience to recruit faster.
Talent Clue was born to help companies find the best talent in a simple and efficient way. In 2014, well aware of the challenges and inefficiencies, Ivan Sala and Ana Izquierdo joined efforts to launch Talent Clue. With this tool, companies can optimize the time spent in posting jobs and screening applications; they may as well organize the CVs in the cloud and can forget about minding for Data Protection assurance. Our software makes our customers life easier, and this makes us very happy.