PandoLogic – Kuwait Financial Express http://www.kuwaitfinancialexpress.com Thu, 20 May 2021 16:30:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 PandoLogic Inc. Acquires Conversational AI Recruiting Provider Wade & Wendy http://www.kuwaitfinancialexpress.com/pandologic-inc-acquires-conversational-ai-recruiting-provider-wade-wendy/ Thu, 20 May 2021 16:30:00 +0000 http://www.kuwaitfinancialexpress.com/?p=306136 NEW YORK and HERZLIYA, Israel, May 20, 2021 (GLOBE NEWSWIRE) — PandoLogic, the world's leading provider of programmatic recruitment advertising, today announced its acquisition of conversational AI recruiting provider Wade & Wendy. The action positions PandoLogic as the only programmatic advertising provider that can define a quality applicant without the inherent bias that results from human intervention.

The acquisition will accelerate the adoption of programmatic job advertising as a best practice by combining PandoLogic's world–class performance with Wade & Wendy's AI power for candidate engagement and qualification to ensure delivery of the highest possible volume of only the most qualified applicants.

PandoLogic President and CEO Terry Baker said, “This acquisition reinforces our position as the most technologically advanced provider of AI–enabled recruitment automation software. We're delighted to welcome the Wade & Wendy team to PandoLogic and look forward to our great work together.”

PandoLogic's primary offering is pandoIQ, a programmatic job advertising platform. PandoIQ automates and optimizes job ad placements to help companies meet hiring needs by predicting optimal yields for recruitment advertising budgets. Making more than 7,000 micro–decisions per minute, pandoIQ eliminates inefficiencies and waste by reaching the right candidates for the right price on the right sites at the right time.

Adding Wade & Wendy's conversational AI to pandoIQ will deliver a more personalized application and candidate experience. Not only does Wade & Wendy automate the arduous process of scheduling candidate interviews, but it also intelligently transacts time–consuming tasks such as sourcing and screening.

Drew Austin, CEO and founder of Wade & Wendy, shared, “We entertained multiple offers and chose PandoLogic given our strong cultural fit and solid foundation from which to drive future growth. As hiring rebounds sharply, it's the perfect time for our companies to come together.”

Baker added, “As organizations shift more to remote and hybrid workplaces and diversity hiring escalates in importance, our digital–first, one source of truth approach ensures productive collaboration across teams. Our Hire Intelligence approach just got smarter with Wade & Wendy's AI–enabled contextual engagement for sourcing qualified candidates, and PandoLogic's strong strategic alignment with Wade & Wendy will give our mutual clients the best of both organizations under the PandoLogic brand.”

Madeline Laurano, founder of Aptitude Research, said, “We're entering one of the hottest job markets in over a decade, making the need to recruit intelligently and hire quickly crucial to organizational viability. Both PandoLogic and Wade & Wendy have consistently demonstrated their ability to drive measurable results for hiring companies and exemplary experiences for job candidates.”

Effective immediately, customers will be able to purchase Wade & Wendy and PandoLogic products independently or as a bundled offering. Other terms of the agreement are not being disclosed.

About Wade & Wendy
Wade & Wendy is an on–demand recruitment automation platform that increases recruiters' bandwidth to make for a better – and more human – candidate experience. Their AI recruiter platform automates task–driven recruitment processes: sourcing, screening and recommending qualified & interested candidates.

Founded in 2015, Wade & Wendy has raised $11.5M of funding from investors, including ff Venture Capital, Jazz Venture Partners, Indicator Ventures, Slack and the Randstad Innovation Fund.

About PandoLogic
PandoLogic is the leading programmatic job advertising and vendor management platform in North America. Referred to as the “best–kept secret in HR,” its programmatic job advertising platform, pandoIQ, automates and optimizes job ad placements to help companies meet hiring needs while maximizing recruitment ad spend. Evaluating 100T job data points and making 7,000 micro–decisions per minute, pandoIQ eliminates inefficiencies and waste by reaching the right candidates on the right sites at the right time for the right price via a single performance–based platform.

One vendor, one source of truth, better results. Learn more at pandologic.com.


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Aptitude Research Examines Benefits of Programmatic Job Advertising http://www.kuwaitfinancialexpress.com/aptitude-research-examines-benefits-of-programmatic-job-advertising/ Wed, 17 Mar 2021 19:00:00 +0000 http://www.kuwaitfinancialexpress.com/?p=305287 NEW YORK and HERZLIYA, Israel, March 17, 2021 (GLOBE NEWSWIRE) — PandoLogic, the world's leading provider of programmatic recruitment advertising, shared findings from recent report conducted by Madeline Laurano, principal analyst at the talent acquisition industry firm Aptitude Research. Laurano presented the primary research, titled "Don't Get Left Behind: The Programmatic Revolution Starts Now," at this week's Spring HR Tech Conference.

Frustration abounds with traditional job advertising models, given its expensive, inefficient and, most times, ineffective results. These older approaches assume that already stretched recruiters have the time and skills to negotiate, purchase and monitor job advertising investments across a range of job sites, making it no surprise that the ROI is low. In sharp contrast, programmatic job advertising enables companies to re–direct their existing job advertising budgets to modern technology–driven models that provide immediate improvements.

Laurano commented, "In talent acquisition, every company is at a different stage in their advertising and recruitment marketing journey. Although some companies are using programmatic advertising to further their brands, they're not yet applying it as part of their recruiting strategy. Our findings include a maturity model that will help them determine how much of their job advertising budget is being wasted by not using programmatic."

Among the benefits of programmatic job advertising, the research identified the following key points:

  • Companies that leverage programmatic are twice as likely (60 percent versus 29 percent) to reduce time–to–fill
  • These companies are also nearly three times (56 percent versus 19 percent) likely to improve quality–of–hire compared to companies using traditional advertising
  • As opposed to traditional advertising, programmatic job advertising advances diversity hiring efforts (47 percent versus 27 percent)

The research was sponsored by the global programmatic job advertising market leader, PandoLogic.

Jennifer Ravalli, vice president, Marketing at PandoLogic, said, "We were proud to sponsor this much needed research with Aptitude. Programmatic job advertising as a category still has relatively low adoption, despite a strong track record for delivering amazing outcomes for clients. As we look toward job recovery over the next year, we believe programmatic job advertising can be a game changing tool for talent acquisition professionals. This research will help support growth of the category overall, by sharing quantitative data that illuminates the results early adopters are seeing."

Laurano concurred, "We've observed evidence of programmatic in action. For example, it was used by a restaurant company with high turnover. They were able to increase applicant volume by 472 percent, reduce cost–per–applicant by 533 percent plus reduce the monthly recruitment investment by 19 percent."

The Aptitude Research report is available for complimentary download. Please visit https://go.pandologic.com/state–of–programmatic–job–advertising–report to access your copy.

About PandoLogic

PandoLogic's pandoIQ platform enables employers, staffing firms and RPOs to source qualified applicants faster and more efficiently. pandoIQ maximizes job advertising spend through the use of data science, machine learning and proprietary campaign algorithms that fully automate and optimize the job advertising business process. Since 2007, over 125,000 employers and more than 700 digital publishers have benefited from PandoLogic's programmatic solutions resulting in over 5 billion programmatic job campaigns based on more than 200 billion historical job performance data points. To learn more, visit https://pandologic.com/


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