Paycor announced that it has rebranded its Talenya AI-powered recruiting technology platform as Paycor Smart Sourcing. The platform uses AI to uncover talent and engage with candidates automatically. According to the company, the offering saves recruiters time by automating the sourcing and recruiting processes and, in turn, providing them with more interviews.
The product uses AI to identify passive job-seekers from its database of 1.5 billion profiles. In addition, it engages active job seekers through programmatic campaigns on “thousands of job sites.” From there, the technology contacts the prospective candidates automatically. It’s designed to provide a one-stop-shop for sourcing both passive and active job seekers, the company said.
Paycor said this doubles the interview pipeline for organizations. In addition, Paycor Smart Sourcing automates each step of the sourcing process to help employers expand searches, engage with candidates and filter candidates by diversity.
“This competitive labor market has made recruiting and retaining top talent more important than it’s ever been,” said Paycor Chief Executive Officer Raul Villar, Jr. Paycor Smart Sourcing, he explained, will enhance the company’s talent solution and make it easier for frontline leaders to “find skilled and diverse talent quickly and cost-effectively.”
Recruiters can access the platform by logging into Paycor Smart Sourcing. From there, they’ll then begin to receive interviews through their ATS account.
Combined Talents
Paycor acquired Talenya in October 2022. At the time, the company said its goal was to alleviate the pressure on employers caused by increased competition and changes in the labor market. With the acquisition, customers would be able to reduce time to fill and source both active and passive candidates. For those pursuing a DEI strategy, the platform would highlight diverse candidates, which Paycor says are often overlooked by traditional recruiting systems.
Needham & Company Analyst Scott Berg said he approved of the acquisition because it took advantage of two dominating trends in HCM today: more advanced recruiting tools and solutions that improve DEI efforts.
By Mark Feffer
Mark Feffer is executive editor of RecruitingDaily and the HCM Technology Report. He’s written for TechTarget, HR Magazine, SHRM, Dice Insights, TLNT.com and TalentCulture, as well as Dow Jones, Bloomberg and Staffing Industry Analysts. He likes schnauzers, sailing and Kentucky-distilled beverages.
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