• Paradox
    北美HR行业观察:从SAP与Workday的收购和Dayforce 123亿美元私有化到传统招聘网站倒闭裁员,HR科技走向何方 2025 年,HR 科技行业迎来资本主导的新周期。SAP 收购 SmartRecruiters(约 15 亿美元)、Workday 收购 Paradox(15–20 亿美元)、Paychex 41 亿美元并购 Paycor,Dayforce 更是以 123 亿美元完成私有化,创下近年最高纪录。与此同时,CareerBuilder 与 Monster 宣布破产,传统招聘门户彻底退出主舞台,而 Indeed、Glassdoor、Dice 等头部平台也因收入压力掀起裁员潮。HRTechChina 认为,行业正在由“流量驱动”转向“平台化与资本驱动”,未来三到五年,平台主导与商业模式更新将成为核心趋势。 资本并购:套件厂商加速补齐短板 2025 年的 HR 科技行业并购步伐异常密集。SAP 宣布收购 SmartRecruiters,其估值约在 15 亿美元左右,这是 SAP SuccessFactors 在招聘领域的重要补位;Workday 宣布收购会话式招聘平台 Paradox(预计交易金额在 15–20 亿美元之间),此前它已收购 HiredScore 与 Flowise,正在逐步形成一个覆盖发现、匹配、对话到招聘入职的完整 AI 招聘体系;Paychex 则以 41 亿美元收购 Paycor,这一交易在中端 HCM 市场堪称标志性事件,显示薪资与人力平台的整合正进入新阶段。 通过这些收购,HCM 巨头们正在强化端到端能力,巩固其在不同层级市场的地位。对于 SAP、Workday 来说,并购不仅仅是功能补充,更是平台竞争力与市场版图的战略扩张。 私有化浪潮:Dayforce 的大额退市 与并购同步,私有化也在重塑行业格局。2025 年 8 月,Dayforce 宣布与 Thoma Bravo 达成协议,将以 123 亿美元的总价退市,股东将获得每股 70 美元的现金溢价。这一交易是近几年 HR 科技领域金额最高的私有化案例之一。 私有化意味着 Dayforce 将摆脱季度财报压力,获得更大的战略灵活度。未来,它可以更加专注于全球薪资、劳动力管理和 AI 驱动的长期布局。这一案例也说明,私募基金正在通过资本运作重新定义 HR 科技公司的发展路径,把更多资源押注在长期增长与平台化能力上。 传统招聘网站的衰落与破产 如果说 HCM 平台的收购与私有化代表着行业集中度的提升,那么传统招聘网站则在经历另一种命运。2025 年,CareerBuilder 与 Monster 在长期亏损和竞争力下降后,进入破产与资产出售程序。Monster 的部分资产由 PartnerOne、Valnet 等公司收购,品牌与部分业务仍在维持,但其黄金时代已经结束。 这些平台在过去十余年曾是招聘行业的入口,但在 LinkedIn、Indeed 以及新兴 AI 招聘技术的冲击下,传统流量型门户逐渐失去了话语权。破产不仅意味着模式的失败,也代表了行业从“广告驱动”向“智能匹配和平台化”彻底转变。 招聘巨头的裁员潮 即便是仍在市场前列的招聘平台,也未能幸免于行业调整。2025 年,Indeed、Glassdoor、Dice 等知名招聘平台相继传出裁员消息。它们的业务模式依然依赖于招聘广告和流量转化,但在经济环境趋紧与 AI 自动化招聘崛起的背景下,收入增速放缓、盈利承压。 裁员潮反映出两个趋势:一是传统的广告与订阅模式正在逐渐被边缘化;二是招聘市场对效率与体验的要求不断提升,而依赖“海量简历投递”的旧模式已经难以满足雇主与候选人的需求。 行业趋势与未来展望 从资本市场的角度看,2025 年 HR 科技行业的走势非常清晰。一方面,SAP、Workday、Paychex 等巨头通过收购强化平台化能力,推动行业集中度进一步提升;另一方面,私募基金通过大额私有化交易让公司摆脱资本市场的短期约束,转向长期战略发展。 与此形成对比的是,传统招聘门户的衰落和招聘广告模式的坍塌,表明行业正在进入一个全新的阶段。招聘的核心不再是“流量和曝光”,而是“匹配和体验”。未来,能够通过平台化和智能化手段帮助企业高效找到合适人才的厂商,将在竞争中脱颖而出。 NACSHR 认为,这一轮变革本质上是资本逻辑与商业模式的双重演进:资本通过并购和私有化推动行业集中,技术则通过平台化和智能化颠覆旧有模式。未来三到五年,HR 科技行业将走向“平台主导、资本驱动、模式更新”的全新时代。 来源:公司公告、新闻稿、行业分析报道(SAP、Workday、Paychex、Dayforce、CareerBuilder、Monster、Indeed、Glassdoor、Dice 等公开信息)
    Paradox
    2025年08月23日
  • Paradox
    LinkedIn推出AI招聘助手:重新定义未来招聘流程 LinkedIn Enters AI Agent Race With LinkedIn Hiring Assistant LinkedIn推出了首个AI Agent : Hiring Assistant,旨在帮助招聘人员重新成为招聘人员。 LinkedIn于本周推出了全新的AI招聘助手,这款工具旨在自动化招聘过程中高达80%的工作,特别是候选人筛选和招聘前的步骤。通过与LinkedIn平台的无缝集成,这款助手不仅提高了招聘人员的工作效率,也显著提升了候选人的质量。该工具的“体验记忆”和“项目记忆”功能,可以记录招聘人员的搜索和操作习惯,并将所有与招聘项目相关的信息进行整合,从而智能化地优化招聘流程。 这款助手已经在西门子、Canva等公司的招聘流程中得到了应用,这些公司报告称,通过LinkedIn招聘助手,招聘人员的生产力显著提升,候选人质量也得到了极大的改善。招聘前的AI辅助搜索仅需30秒即可完成,而传统的搜索通常需要15分钟。 LinkedIn招聘助手还通过AI驱动的沟通功能改善了候选人的体验。数据显示,使用AI辅助发送的招聘信息的接受率提高了44%,接受速度也加快了11%。此外,AI搜索的候选人接受率高出18%。 随着越来越多的公司采用AI技术,招聘与候选人之间的竞争日益加剧。求职者也在利用AI工具优化简历,甚至在面试中使用AI辅助表现,从而使HR在筛选候选人时面临更多挑战。因此,LinkedIn招聘助手等工具正成为招聘人员不可或缺的助手。 LinkedIn招聘助手不仅仅是提高效率的工具,它真正的价值在于解放招聘人员,使他们能够专注于与候选人和招聘经理的对话,改善雇主品牌,并更好地了解就业市场。这种转变反映了人才获取的战略性转变——从执行角色转变为人才顾问,帮助公司更好地实现增长。 详细请看Josh Bersin 写的这篇介绍 As I discussed in the article Digital Twins, Digital Employees, Agents Everywhere, tech vendors are creating AI-powered Agents as fast as they can. And in HR, where we deal with hundreds of mundane checklist-types of processes, the opportunity for automation is everywhere. This week, just as Microsoft launched a tools to help companies build Agents in Copilot, LinkedIn announced its Hiring Assistant. And this is a pretty amazing product. The Hiring Assistant is the first highly-integrated agent I’ve seen that fits right into the LinkedIn workflow. And the companies using it now (Siemens, Canva, AMS) are seeing recruiter productivity and candidate quality skyrocket. Here’s how to think about it: consider a schematic of the recruitment workflow. As you can see, there are more than 30 steps to complete, and this doesn’t even include background checking, offer-letter generation, benefits discussions, pre-boarding, and onboarding. With this brand new Assistant LinkedIn believes they can automate almost 80% of this pre-offer workflow. And the LinkedIn Hiring Assistant is just getting started. Here are some screenshots of the workflow: As you can see, the agent prompts the recruiter with intelligent responses and questions along the way. And throughout the process it stores more and more information to get smarter and smarter. This Is A Sophisticated Product This is a well-engineered product. Not only does it include many subtle features (ie. “find me a candidate like Joe,” which brings in Joe’s profile and analyzes Joe’s role, skills, and experience), it includes several platform innovations. The first is something LinkedIn calls “Experiential Memory,” storing the recruiter’s search and activity history for future work. The Hiring Assistant learns what this recruiter is doing, how they communicate, and how they operate, to tune its results to each recruiter’s needs (ie. a tech recruiter vs. an executive recruiter). Second is a feature called “Project Memory,” which brings together all the information about a single search project. This means the candidate selection criteria, emails, and input from hiring managers are stored in the project, enabling the assistant to see the whole experience of selection. Recruiters understand this challenge: every hire and every hiring manager is different, and each project has unique and sometimes new requirements which have nothing to do with the job description. Other Agents Will Have To Take Notice LinkedIn is not the first mover in this space, but the company’s credibility will accelerate the market. Paradox, the current leader in recruitment automation, has been automating high-volume recruiting for almost a decade and offers an agent that not only helps recruiters but also supports job seekers. It isn’t focused on sourcing liked LinkedIn, but it automates the rest of the process (candidate inquiries, interview scheduling, assessment, onboarding). And it really works: this week Chipotle announced that Paradox’s solution reduces time to hire by 75%, making it a central part of the company’s growth strategy. LinkedIn Hiring Assistant is receiving similar accolades. “Doing a normal search before AI took upwards of 15 minutes. Now, with AI-Assisted Search, it takes about 30 seconds to get results. The time saved is tremendous. It is so much more convenient and easier doing it this way,” said Victoria Östryd Söderlind, Senior Recruitment Specialist, Toyota Material Handling Europe.  “The AI features on LinkedIn have allowed our recruiters to do more, to be better and to grow faster in all of our activities. It’s about spending time in the right places where our time is more valuable and LinkedIn’s AI features have enabled us to do that. What it’s not doing is removing great conversations with candidates, stopping our ability to ask them questions or getting to know candidates as people and humans,” said Olivia Brown, Head of Talent Acquisition, Octopus Energy. Improving Candidate Experience While LinkedIn talks about the value to HR, the bigger value may be for candidates. The company found that AI-Assisted outreach messages generate a 44% higher acceptance rate and are accepted 11% faster by job seekers. And AI-based searches produce 18% higher candidate acceptance. As Paradox has discovered, candidates don’t like to waste time scheduling calls with recruiters if they can avoid it. And that leads to another important issue. There is now a growing AI battle between recruiter and candidates. AS AI helps recruiters source and screen candidates, the candidates are using AI to “power-up” their resumes. One of our clients told me that almost all their job applicants now submit resumes that look eerily similar to job descriptions. Why? Job candidates are using AI also! This means is that tools like LinkedIn Hiring Assistant are more essential than ever. As job seekers tweak their identity and even use AI interview assessments to game interviews, HR has to beef up its tools to better differentiate candidates. Liberating Recruiters To Recruit And Advise The big story is actually this: while Hiring Assistant is an efficiency tool, what it really does is free up recruiters to talk to candidates. Recruiters who are bogged down with drudgery can talk with hiring managers, improve employment brand, and get to know candidates and the job market better. This is part of what we call Systemic HR: moving talent acquisition away from the “fulfillment center” role to that of a talent advisor, helping the company think about its best ways to grow. As you look at these tools and think about automation, I encourage you to read our new research on the strategic shift in talent acquisition. Automation is not just about productivity and cost savings: it’s really about liberating our minds to think and add value in new and exciting ways.
    Paradox
    2024年10月29日
  • Paradox
    Josh Bersin: When Will The Trillions Invested In AI Pay Off? Sooner Than You Think. 近年来,生成式人工智能(GenAI)的投资已达数万亿美元,但围绕其回报问题的争论不断升级。一些分析师,如麻省理工学院教授达隆·阿西莫格鲁(Daron Acemoglu)和纽约大学心理学与神经科学教授加里·马库斯(Gary Marcus),对AI的经济影响持悲观态度,认为其对美国生产力和GDP增长的推动作用有限,甚至可能导致市场崩溃。相反,另一派如高盛的全球经济学家则乐观地认为,AI有望在未来十年内大幅提高生产力。然而,文章指出,生成式AI的真正价值在于其特定领域的应用。例如,Paradox和Galileo等HR技术平台通过高度专业化的解决方案,显著提升了招聘和人才管理的效率。最终,文章强调,AI行业仍处于早期阶段,成功的关键在于找到具有专注性和精确性的创新解决方案。 In the last few weeks there has been a lot of concern that Gen AI is a “bubble” and companies may never see the return on the $Trillion being spent on infrastructure. Let me cite four analyst’s opinions. Will Today’s Massive AI Investments Pay Off? MIT professor Daron Acemoglu estimates that over the next ten years AI will impact less than 5% of all tasks, concluding that AI will only increase US productivity by .5% and GDP growth by .9% over the next decade. As he puts it, the impact of AI is not “a law of nature.” On a similar vein, Gary Marcus, professor emeritus of psychology and neural science at New York University, believes Gen AI is soon to collapse, and the trillions spent will largely result in a loss of privacy, increase in cyber terror, and a lack of differentiation between providers. The result: a market with low profits and big losses. Goldman Sachs Head of Equity Research Jim Covello is similarly pessimistic, arguing simply that the $1 Trillion spent on AI is focused on tech that cannot truly automate complex tasks, and that vendors’ over-focus on “human-like features” will miss the boat in delivering business productivity.  (He studies stocks, not the economy.) And Goldman Sachs Global Economist, who is a fan, estimates that AI could automate 25% of work tasks and raise US productivity by 9T and GDP by 6.1% over the next decade. He follows the traditional business meme that “AI changes everything” for the better. What’s going on? Quite simply this new technology is very expensive to build, so we’re all unsure where the payoffs will be. Buyers Are Looking For A Return Soon If we discount the work going on at Google, Meta, Perplexity, and Microsoft to build AI-based search businesses, which make money on advertising (Zuckerberg essentially just said that in a few years AI will guarantee your ad spend pays off), corporate IT managers are asking questions. An article in Business Insider pointed to a large Pharma company that cancelled their Microsoft Copilot licenses because the tool was not adding any significant value (Chevron’s CIO was quoted similarly in The Information). Another quoted a Chief Marketing Officer who stated Google Gemini’s email marketing tool and the new AI-powered ad-buying tool performed worse than the human workers it was intended to replace (or support). Given that these tools almost double the “price per user” for the productivity suites, I think it’s fair that CIOs, CMOs, to expect them to pay for themselves fairly quickly. What’s Going On?  The Big Wins Will Be Domain Specific As with all new technologies that enter the market quickly, “the blush on the rose” is over. We’ve been dazzled by the power of ChatGPT and now we’re searching for real solutions to problems. And unlike the internet, where research was funded by the government, there’s going to be a lag (and some risk) between the trillions we spend and the trillions we save. Given that ChatGPT is less than two years old and OpenAI has morphed from a research company into a product company, it’s easy to see what’s happening. Every vendor and tool provider is narrowing its AI “strategy” and not just pasting little AI “stars” on their websites, looking for useful things to do. And this process may take a few years. In the world of HR, I think we can all agree that a “push the button job description generator” is a bit of a commodity. However if the AI analyzes the job title, identifies the skills needed through a large skills engine, and tunes the job description by company size, industry, and role, then it’s a fantastic solution.  (Galileo does this, as does SeekOut, SAP, and some other vendors.) The more “specific” and “narrow” the AI is, the more useful it becomes. Generic LLMs that aren’t highly trained, optimized, and tuned to your company, business, and job are simply not going to command high prices. So while we all thought ChatGPT was Nirvana, we’re now figuring out that highly specialized solutions are the answer. Let me give you some examples. The first is the platform built by Paradox, a pioneering company that started work on AI-based recruiting agents in 2016. Paradox, now valued at around $2 Billion, delivers an end-to-end recruitment platform that automates the entire process of candidate marketing, candidate experience, assessment, selection, interview scheduling, hiring, and onboarding. Most people believe its a “Chatbot” but in reality it’s an AI-powered end-to-end system that radically simplifies and speeds the recruitment process in a groundbreaking way. Companies like 7-11, FedEx, GM, and others see massive improvements in operational efficiency and both candidates, managers, and recruiter adore it. It took Paradox eight years to build this level of integrated solution. The second is our platform Galileo. Galileo, which is now licensed by more than 10,000 HR professionals, is a highly tuned AI agent specifically designed to help HR professionals (leaders, business partners, consultants, recruiters, and other roles) do the “complex work” HR professionals do. It’s not a generic LLM: it’s a highly specialized solution designed specifically for HR professionals, and we’ve added specialized content partners and are building special integrations with other HR platforms. Our clients tell us it’s saving them 1-2 hours a day. The third is the platform HiredScore, that was recently acquired by Workday. Founded in 2012, the HiredScore team built tools to help identify “fit” between individuals and jobs, and tuned its AI to be highly explainable, unbiased, and very easy to use. It took Athena Karp and the team a few years to nail down the use-cases and user interface but now HiredScore is considered one of the most powerful recruitment “orchestration” tools in the market, and is also used for internal hiring and many other applications. Every customer I talk with tells me it’s essential and saves them months of manual, error-prone effort. The fourth is the platform Eightfold, which was invented in 2016 as a way to build “Google-scale” matching between job seekers and jobs. Through many years of engineering, product management, and ongoing sales process the company has become the leader in a new space called “Talent Intelligence,” now a billion dollar rapid-growing category. The company is about ten years old and now has some of the world’s largest companies building their hiring, career management, and talent management processes using AI. Companies like EY, Bayer, and Chevron now use it for all their strategic talent programs. Each of these vendors, including others like Gloat, Sana, Arist, Lightcast, Draup, Uplimit, Firstup, and hundreds of others have patiently taken the power of Generative AI and applied it with laser precision to their solutions. Each of these companies is different, and as we work with them we see lightning bolts of innovation: not in AI itself, but in finding new ways to solve problems and do what I call “crawling up the value curve.” This is the path for AI in the coming years. As with all new technologies, the “trough of disappointment” is always followed by the “bowling pin” of hitting the nail on the head. Innovators, entrepreneurs, and startup founders are the ones who will take GenAI and apply it in unique ways to solve problems. And soon enough, “AI-powered” will be a phrase we barely even need to say. The Best Solutions Will Be Narrow Not Wide GenAI solutions require a large “platform” of data, infrastructure, and software. That alone is not where the value resides. Rather, the big productivity advantages come after years of effort, focusing the data sets and working with customers to find the features, UI designs, and data sets that add enormous value. And we are still in the early stages. If you want to learn more about HR Technology and AI, join me at the HR Technology Conference on September 24-25 in Vegas, or at Unleash in Paris in October 16-17. While I can’t predict who will win the core AI platform game (Microsoft, OpenAI, Google, Meta, Amazon will fight it out), I can predicts this: Generative AI will deliver massive improvements in business productivity. You just have to shop around a bit and wait for just the right solutions to arrive.
    Paradox
    2024年08月10日