It's the podcast where the hosts are always socially distant, or at least mentally distant.
This week on The Chad & Cheese Podcast,
- iCIMS is taking no prisoners, making another acquisition,
- OutMatch says, "Two can play that game."
- Earnings out from Indeed and Glassdoor parent company Recruit Holdings, and...
- Google faces the music in Europe as job board owned take aim with accusations of antitrust.
The boys also chat about Canadian robots, Northwest Arkansas and mountain bikes. Hold on to your poutine and grab a cold one on this Happy Hour edition of HR's most dangerous podcast, always sponsored by Sovren, JobAdx and Jobvite.
PODCAST TRANSCRIPTION sponsored by:
Hide your kids! Lock the doors! You're listening to HR’s most dangerous podcast. Chad Sowash and Joel Cheeseman are here to punch the recruiting industry, right where it hurts! Complete with breaking news, brash opinion and loads of snark, buckle up boys and girls, it's time for the Chad and Cheese podcast.
Poor me another beer baby. This podcast will never be locked down, but it's much better when the hosts are socially distanced.
Hey boys and girls, this is a happy hour edition of the Chad and Cheese podcast, or at least that's what we're calling ourselves after the recount. I'm your cohost Joel "Release the cracken" Cheesman
And I am Chad "Mind Hayes" Sowash.
And then on this week show iCIMS marks another one off, off of its shopping list, European job boards and Canadian robots, and forget Portugal we're moving to ArKansas and becoming little rock stars. Get it Little Rock, okay. Time to pay some bills. We'll be back.
Jobvite (1m 5s):
Jobvite the leading end to end talent acquisition suite. Named a leader in ATS, recruitment, marketing, CRM, and onboarding on G2. Kim B says "Jobvite is a user friendly passionate enterprise team that takes care of you. Jolly good." Jeffrey R says, "candidates are constantly telling us we get it right compared to other orgs." Love that! Results driven by AI. Connections built by humans. Jobvite, learn how you can evolve your TA function at jobvite.com.
Chad (1m 35s):
So Joel, the why the after hours recording?
Joel (1m 38s):
Oh, sleep deprived and halfway to drunk, which is why the opening sucks so bad. So my three-year-old had a tonsillectomy yesterday, which was fun. So had to take care of him, had to restock the ice cream, you know, cuddles and cartoons. And so we're opting for the happy hour edition of the show, which I'm not hating on, cause we get to drink beer and talk shop, which is yeah.
Chad (2m 6s):
So with that being said, what are you guys looking to do for Thanksgiving? Because we're all supposed to be responsible, respectful, all that other fun stuff. What are you guys looking to do for Turkey day?
Joel (2m 18s):
Yeah. It's just the family. I'm lobbying for beef Wellington. We'll see. We'll see if I win that one or not. It's probably going to be Turkey breasts and stuffing, but you know, a boy can dream. Beef Wellingtons are my favorite.
Chad (2m 35s):
Well, I got to say a big SHOUT OUT to Julie and her team, they did a Thanksgiving alternative for her whole team that works together. It was a friend, it was a Friendsgiving and what they did was pretty awesome. So Julie's obviously the boss. So what she did was she bought food for everybody. It was all sent out to everyone. We all got on a Microsoft Team meeting. We cooked it together. Everybody was in their kitchens. After that, we played it. It showed it the beautiful plates. And then we all sat in our dining rooms and we ate together, we talked and we had a Thanksgiving, but just virtual.
Chad (3m 21s):
It was really fucking cool. I got to give a big applause to her and her team for actually coming up with something like that. Socially distant, smart, but yet to getether.
Joel (3m 33s):
So you had a Thankszooming, essentially. You need to trademark that, buy the domain, something, very nice. Well, let's get to SHOUT OUT. Shall we?
Chad (3m 42s):
Yes. Come on, man.
Joel (3m 44s):
I'll start with Craig Fisher, friend of the show, Craig Fisher our final event in person of 2019. Greg Fisher is now CEO of KNACK. That's K N A C k.io. I don't think it's Nackio, although I have a knack for adding the IO on the end. See what I did there. It's an engineering kind of job board thing is the best I can explain it. I'm sure. We'll see Craig at some point and get the dealio, but that's kind of a big deal, CEO.
Chad (4m 11s):
Kind of a big deal, start up. Yeah!
Joel (4m 12s):
Yeah. It's an also Shally Steckerl. I'll throw in a couple of old friends of the show.
Chad (4m 17s):
Dude where's he been? Jesus.
Joel (4m 19s):
So yeah, I know, right? He's a full-time employee at Newton talent RPO solution and they've joined forces to create power sourcing.com has taken his educational chops over to Newton to educate the folks out there that want sourcing information. But two friends of the show that have landed in alternate universes and SHOUT OUTs to both of those boys.
Chad (4m 44s):
Well Shally, hopefully after that long nap, you're ready for a new adventure. My friend, SHOUT OUT to Mike.
Joel (4m 52s):
That's not nice. Shally napping. Why is everyone napping for you? Are you like never sleeping?
Chad (5m 3s):
I never sleep Cheeseman.
Joel (5m 4s):
Oh, I know.
Chad (5m 6s):
SHOUT OUT to Mike Weston for creating the Dr. Evil mini Me Hard Knock Life video using Ethan Bloomfield's face on both Dr. Evil and mini me Mike Whiston has nothing better to do, but I'm telling you right now, it was so fucking hilarious. I've already watched it like a dozen times.
Joel (5m 24s):
Do that face replace app or whatever it's called. That thing has got to go. Joe Lockwood did one. It's just like, come on man. It's yeah, I got nothing. But whoever invented that is evil. Evil, evil, evil.
Chad (5m 38s):
Joel (5m 40s):
Okay. SHOUT OUT to Pfizer and Moderna, I don't know if you've heard this, but they're a, they're saving the world.
Chad (5m 46s):
Give me the shot!
Joel (5m 46s):
... with capitalism. 95% effective, coming to an arm near you, soon. 2021 if we're lucky vaccine time, baby, let's get this gets to get the show back on the road.
Chad (5m 59s):
Give me the shot motherfuckers. Again, another SHOUT OUT to Nick Livingston, the CEO of hone it. He gets a double SHOUT OUT for those crazy addictive Bourbon balls. So Julie doesn't it even like bourbon and she had two, I had to hide them. Come on, man. If anybody's out there, they're looking for holiday gift ideas. We're not getting commission guys or referral bonuses or anything like that. This is just a core
Joel (6m 25s):
Or begging for more balls.
Chad (6m 27s):
We'd like chocolate salty balls. What we're looking for, go to bootlegbourbonballs.com. They are amazing. Amazing. Thanks Nick.
Joel (6m 42s):
Thanks Nick. That was good. Yeah. My wife has a chocolate hound in, but she hates bourbon. So it's the about the only chocolate treat that I've had in a while. And you know, my midsection needs more chocolate shout out to Jobboard Doctor cause I'm just sick of Steven Rothberg SHOUT OUs. He had a nice article called Tale of Two Job Boards this week where he, I don't know, he took a Dice and Upwork's recent earnings calls and talked about how one really sucks ass.
Chad (7m 9s):
Joel (7m 10s):
And Art Zeal we're still waiting for you to come on the show and Upwork gig economy, rock and rockin' the shit out of a its stock price and value. So Tale of Two Job Boards, if you haven't checked it out, go, go read that and learn something, kids.
Chad (7m 23s):
Remember when Art was at a TA tech and we like stood up and said, Hey, dude, we want to interview you. And he ran. I mean, he, it was almost like he literally, okay, so maybe it was like a, it was a power walk. Let's just say that. Didn't see the guy again.
Joel (7m 37s):
Art! More like Dart, you know what I'm saying?
Chad (7m 40s):
SHOUT OUT to Germany. So Germans put off COVID criminals Joel, and it's hilarious! Germany calls on it's young to be the COVID heroes of 2020, by staying on their sofa. This is an awesome and a smart commercial. It has this old man, and they're actually looking back to 2020 when he was 22 in college and what he did for the country, which was nothing sitting on his couch, eating pizza. It is hilarious video, but it, it is something that we need to really focus on. Yes, it is a bit staying inside, but guess what?
Chad (8m 21s):
I want to travel. We just canceled a goddamn trip to Santa Fe and in Portland. But guess what guys I'm staying home because that's the responsible and respectful thing to do. And Germany knows it.
Joel (8m 34s):
Yeah. And I was watching the news. I know that's surprising for me, but apparently Germany is getting its American on by having protests and throwing rocks because of the, the most recent lockdown. So, you know, what are you going to do? Germany. Get your shit together. SHOUT OUT to two 800 pound gorillas with some revolutionary technology. You're going to love this. We forgot to make fun of LinkedIn's new profile frames. I don't know if you've seen this, but if you're open to work, you can flip the switch and haveyour profile pic framed with a nice green "ready to work" or "open to work" icon. And if you're an employer, you can flip the switch and have your profile pic framed with "we're looking for employees."
Joel (9m 19s):
So another revolutionary, revolutionary technology from LinkedIn and also Twitter has launched Stories or they're calling them fleets. I believe Twitter fleets. So, these tweets that disappear after a while. So Twitter and LinkedIn keep on rockin' baby, the tech is awesome.
Chad (9m 42s):
Then also intro, their video intro. This feature will give people a leg up in the process, apparently because they get to video themselves. The thing is, I mean, we already have enough bias in the world. The last thing we need to do is impart more, more reasons for somebody not to talk to you right? Now I appreciate video in the interview process. We've got to get a better handle on how we use these different mediums.
Joel (10m 14s):
Yeah, yeah, yeah. Just cause your phone has a camera it doesn't mean we have to go nuts with it people.
Chad (10m 19s):
Joel (10m 20s):
I'm going to go, I'm going to go free. Let's start the free ride. So if, if you're like free beer and who doesn't make sure you sign up for beerdrop, we've partnered with AdZooma to give free beer. And I'm not talking about a six pack of PBR people. I'm talking about a case plus of good craft beer.
Chad (10m 38s):
Yeah. Craft beer from around the globe.
Joel (10m 41s):
Good stuff. Go to beerdrop.net. Give us your address. We promise not to stalk you, only send you the gold liquid called beer, beerdrop.net by Adzoona check it out folks. Oh man.
Chad (10m 55s):
Not to mention, we're going to go ahead and continue the alcohol trip that we're on. Why not? You can go to freepappy.com. That's right. Free Pappy P A P P Y. And that Pappy stands for Pappy Van Winkle kids. We're talking about a bottle of bourbon you can't even find. It's mythical. It's like a goddamn dragon. You can't find the shit, but guess what? Chad and Cheese did. They're $2,200 per bottle. We have two bottles to give away. We also have third prize. Get this not steak knives. No we're talking about Red Label Blanton's Bourbon.
Joel (11m 39s):
Chad (11m 42s):
It's crazy. $500!
Joel (11m 44s):
It's a win-win-win situation.
Chad (11m 46s):
Joel (11m 46s):
It's only possible because of our buddy at Sovren. Love those guys. We said, Hey, give away a bottle. They said, fuck that we're giving away three bottles. How about that? Pappy Van Winkle's Family Reserve. Even if you don't drink bourbon, just invest this shit. Put it away in a lock box and take it out in 10 years and pay for your kid's college. That's what I'm talking about.
Chad (12m 8s):
Drink the goddamn bourbon.
Joel (12m 10s):
Or drink it. Share with us.
Chad (12m 12s):
And last but not least always, you can always go to Chadcheese.com/free to get yourself into all of these free registrations. Not to mention, I've got to say, let me take a deep breath.
Joel (12m 27s):
Chad (12m 28s):
New Chad and Cheese website design and built by Shaker Recruitment marketing: Mindy, Keegan, Jeremy, Bob, Tom and obviously the big man, Joe Shaker for allowing his people to work with a couple of knuckleheads with a vision. We really appreciate it. We have done at total redesign of the website, Netflix style, and we're really excited for people to interact.
Joel (12m 55s):
And I'm, I'm pretty sure it still has the free page, right Chad? so if you want like a free Tee, free alcohol, free swag or given all kinds of stuff where it's the holiday season and we are giving, giving podcast or so head out to Chadcheese.com. Look at the redesign, give us some feedback. I just sent out five or six t-shirts today. So that's what I'm talking about. It's a Joel Santa Claus over here and in central Indiana.
Chad (13m 22s):
Nice. Right up in the upper NAF where it says free. Yeah, just click it. There you go. Yep.
Joel (13m 27s):
And, and, and if you don't have us in your pocket, people real quickly text CC to (833) 799-0321 sponsored by Emissary. Our buddies are letting us send news alerts directly to you, which we got a lot on the show today. But if you don't want to wait until Friday to hear this stuff, get it on your phone. Text CC to (833) 799-0321.
Chad (13m 57s):
One that's right people because you've been so good to us. We're giving away T-shirts! We're giving away beer! We're giving away Pappy's and Blanton's and free texting shit! Guys. We love you. Thanks for listening! TOPICS!
Bell (14m 14s):
Ding, ding, ding!
Joel (14m 16s):
ICIMS bringing the pain.
Chad (14m 18s):
Joel (14m 18s):
Did you, did you attend their event last week?
Chad (14m 21s):
I did! I did.
Joel (14m 21s):
While, I was dealing with tonsils, so I didn't, I wasn't able to.
Chad (14m 24s):
Yeah, no, I, I did. It was, it was very smooth. I was very impressed with the production itself. They had Richard Sherman do like a commercial for them. I'm like, what the fuck? Richard Sherman. So they had ...
Joel (14m 38s):
He plays football, Adam Gordon. He plays American football.
Chad (14m 42s):
Trevor, Mindy. I mean, they had all these big names and it was very fluid with the content, not to mention they music, Lloyd, I can't remember his name, great music. I remember making lunch while he was playing his guitar. But anyway, it was a great experience.
Joel (15m 0s):
I'm sorry. Hold on. Making lunch while playing guitar.
Chad (15m 4s):
I was making lunch. Oh, they were on a break and they were playing. He was playing right. And I'm like, Oh man, this is great for lunch. So I just took him with me with my computer, went to the kitchen, made lunch while I'm sitting there listening to this amazing music.
Joel (15m 20s):
Chad (15m 21s):
This is about an experience and trying to pull things together and I think they did a really good job.
Joel (15m 27s):
Cool, cool. I'm sorry. I wasn't able to, to attend, but I'm sure it was awesome there. I didn't hear virtual bartender in your, in your description, but you know, that's always nice too, but they, they dropped some mad news during this week. The number one news story was their acquisition of Easy Recrue.
Chad (15m 46s):
Joel (15m 47s):
If you don't know them, they're the European leader in video interviewing and digital assessment capabilities. We just talked about Smart Recruiters, making a big chat bot acquisition while hold my beer says iCIMS. Now they have a native chat bot too, as well as an interview scheduler, the AI-driven video interviewing language assessments and career management solutions. They allow customers to optimize and digitize their hiring internal mobility and employee career development. It's like, I'm almost reading a press release. I'm so knowledgeable about this stuff. Your thoughts?
Chad (16m 22s):
So the biggest sell here is video interviewing because Easy Recrue, which the name itself I've always hated, but again, the name has nothing to do with them getting acquired. But the biggest sell here is the video interviewing slash recruitment module I believe, because remote work isn't going away, it's just going to grow. So that just made that made a lot of sense, a very smart and bold European and beyond expansion because they have offices in Paris, Milan, Madrid, Warsaw, in Dubai. They're approaching 500 clients, which probably most of them aren't iCIMS clients so that's, that's always another, another good step.
Chad (17m 5s):
Nearly a hundred and staff, a very, from my understanding and from what I'm hearing from sources, a very savvy sales organization. But I think once again, the very big key here is the interviewing piece, but also to see an American company not trying to slam their model or their tech into foreign countries, very smart to find out ways of purely pretty much finding out which companies are killing it in innovating in different countries, acquiring them instead of forcing their model. And we talked about this last week, that was one of the issues that monster had.
Chad (17m 49s):
They had American model, they tried to slam it in every single different foreign location. And it didn't work. This is finding out what works and acquiring instead of just trying to be that hammer when you need a screwdriver.
Joel (18m 4s):
Yeah. Big ups to iCIMS. I mean, they've gotten out of their Jersey comfort zone, if you will. And really, really, really grown up into a global footprint, this actually triple sort of the size of the organization, you know, a few notable acquisitions recently Text Recruit, which goes back a few years. Opening we applauded extensively our buddy Andrea, former death match winner. They really turned it up. And they've also announced today. We, we don't win. We didn't get time to sort of dig into it, but Vizier, a people analytics tool they've announced a partnership with them as well. So this, this to me goes just full on with the whole a one platform to rule them all.
Joel (18m 46s):
And these guys Smart Recruiters, iCIMS Jobvite, et cetera, are just buying up companies left and right. Shopping spree, they want to be the one solution for everybody. And thanks to the pandemic, it looks like a lot of people are open to selling and the prices are right. So this shows no signs of slowing down. The acquisitions are a happening folks.
Chad (19m 7s):
And I like to say we dropped Susan Vitale's podcast today, the interview that we had with her, had a great interview! And she actually said that we didn't give Mike Wilczak the guy who's in charge of M and A enough props. So I wanted to say, good job, great job, Mike Wilczak. This is all you, I'm sure. No, I'm just kidding. Just kidding. I know that the iCIMS team is, they're working on this and Mike definitely a leader in that space.
Joel (19m 35s):
Yeah. And by the way, Jobvites annual event is in December. So look out for some out announcements in early December from them.
Chad (19m 43s):
Yeah, those guys, those guys, K one roll up. I mean, it's just, there's so many cool things happening in this industry right now. I can barely, I can barely restrain myself, other than just drink my beer.
Joel (19m 56s):
Have a bourbon ball and relax my friend. Let's get to the next big acquisition this week. Out Match and Checkster. Any thoughts on that one? Or what's going on with that?
Chad (20m 7s):
Yeah. Rubicon, private equity firm acquired Outmatch in March. Then they acquired Launchpad in September. Now an automatic or automated reference checking platform, Checkster. I think from my standpoint, this is pretty clear. PE is trying to ball something up that they can package and sell. An end, more of like a quote unquote "end-to-end" solution on the site. It says recruitment simplified through automation and AI transform your recruitment experience without changing your applicant tracking system. The question is will an applicant tracking system buy into something like this to be able to catch up to maybe an iCIMS?
Chad (20m 51s):
Maybe? I don't know, but this is to me, makes for all the packaging for an acquisition in PE you know what they're looking for?
Joel (21m 1s):
Yeah. I mean, this was a, so they poured $8 million into this thing in 2015, just, just balls of steel. They've been buying up companies. You mentioned Launchpad, Checkster. Another one that happened in October was Furst Person Testing Company, which
Chad (21m 19s):
F U R S T, Furst, Jeff Furst,
Joel (21m 24s):
Who I knew back in the mid aughts as well as, as well as Eve at Checkster. I remember sitting down with Eve to talk about Checkster before he launched it. And it was kind of a joke because it was a play on either Jobstr or Friendster. I don't know which, but, but good for him. It's been a long time coming that, that came out. But yeah, this is like, we're gonna, we're going to swing for the fences. Outmatch CEO, Greg Moran, who balls of steel on this organization said quote, integrating Checksters technology into our talent decision platform. That's a mouthful will eliminate log jams and the recruiting process that frustrate both recruiters and candidates while infusing more data for recruiters to identify the best talent.
Joel (22m 7s):
So Outmatch is one to watch. They got some big ambitions. They're making, making a lot of moves. We'll keep our eye out on them and report on what they're doing. But yeah, they're either. Yeah. They gotta be building themselves up for a nice little acquisition or shit who knows? IPO down the road. Who knows?
Chad (22m 25s):
No, no, no, this is, this is a big, pretty bow. And it's like, come at me motherfuckers. Yes.
Joel (22m 35s):
Yeah. I guess 8 million. Isn't going to prime it for an IPO, but it's a great domain.
Chad (22m 40s):
So there there's another great domain that is attached to some, some big numbers, I guess this last week.
Joel (22m 48s):
Sure. So Recruit Holdings, Japanese company, a quartered that owns Indeed and Glassdoor, which we talk about a little bit on the show, just a little bit. So they reported earnings. They are a public company out in Japan anyway. So Recruit Holdings saw a quarterly revenue fall 6.2% a year on year, which is quite a bit of money for a company that size. While the company managed to bring operating expenses down, falling revenue caused operating income to plummet 32.7%. Ouch! Revenue and recruits quote-unquote "HR technology segment," they own a lot of companies, but this segment includes Indeed and Glassdoor fell half of half that to 3.1%.
Joel (23m 30s):
The revenue decline in the HR technology business, which again includes Indeed and Glassdoor was primarily caused, said the company by decreased demand for sponsored job advertising, no shit, candidate sourcing and screening solutions, as well as employer branding products. So little drop in demand leading to a 3.1% decline. Your thoughts.
Chad (23m 52s):
Yeah. This is momentary.