CareerBuilder Strengths, Domain Expertise, and Key Differentiators
CareerBuilder extends its suite of HR applications beyond conventional job boards, encompassing a spectrum of solutions ranging from candidate sourcing to streamlined recruiting processes. The emphasis lies in simplifying and optimizing the recruitment journey. Conversely, WORKTERRA specializes in simplifying and enhancing Human Capital Management (HCM), offering an intuitive, highly adaptable cloud-based system for benefits and talent management. This system is constructed on a meticulously designed platform, continually enriched through dedicated innovation initiatives.
CareerBuilder Recent Developments
In September 2023, CareerBuilder introduced its second innovative offering, Pay For Performance, further enhancing hiring flexibility. Building on the earlier introduction of Pay Per Resume in August, Pay For Performance represents a transformative approach to job advertising, reshaping the dynamics of budgeting and payment for recruitment services. These strategic solutions foster dynamic partnerships between clients and the CareerBuilder team, emphasizing a shared commitment to excellence. This collaborative approach addresses the imperatives for cost reduction, heightened efficiency, and budget predictability in the recruitment process.
In December 2020, CareerBuilder unveiled product updates showcasing the capabilities of its Talent Acquisition Suite, aimed at enhancing user experience. The release includes a new analytics dashboard for customers and expanded features in job seeker profiles, demonstrating CareerBuilder's commitment to providing robust solutions for talent acquisition.
In 2020, CareerBuilder introduced SocialReferral, an innovative tool within its comprehensive Talent Acquisition Suite. This solution reinvents conventional employee engagement and recruiting programs for U.S.-based clients. SocialReferral facilitates the creation of branded social networks, empowering employees to seamlessly generate and share content and job postings both internally and across their external personal networks. Building upon the advantages of traditional referral programs, this powerful tool elevates the experience to align with the dynamics of contemporary, culture-driven workplaces in our socially-connected world.
In October 2019, CareerBuilder implemented state-of-the-art updates aimed at optimizing both employer and job seeker experiences. Informed by a robust dataset and extensive feedback from clients and users, the enhanced Talent Discovery Platform by CareerBuilder empowers companies to achieve a 30% acceleration in the hiring process. Simultaneously, it provides valuable support to job seekers in navigating their professional development journey or exploring new opportunities.
CareerBuilder Mergers and acquisitions (M&A) Activities
In 2016, CareerBuilder strategically positioned itself as an industry disruptor through a strategic acquisition, signaling a transformative venture into an expanded business domain. The acquisition of WORKTERRA, a pioneering entity in cloud-based benefits administration and talent management, underscores CareerBuilder's commitment to diversify its product portfolio beyond recruitment. This strategic move represents a pivotal step towards post-hire solutions, aligning with CareerBuilder's overarching goal of evolving into a comprehensive human capital management company. Regrettably, specific terms of the transaction remain undisclosed.
CareerBuilder Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying CareerBuilder applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of CareerBuilder and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified WorkTerra HCM, CareerBuilder1 customers.
CareerBuilder Overview
Ownership: - x
Number of Employees: 3300
Functional Market: Sourcing, Onboarding, Recruiting, Candidate Relationship Management, Applicant Tracking Systems,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
CareerBuilder Key Cloud and HCM Applications
WorkTerra HCM, CareerBuilder1
CareerBuilder HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
CareerBuilder Revenue Breakdown by Type:
CareerBuilder HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
CareerBuilder HCM Applications Revenues By Verticals, $M:
CareerBuilder Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
CareerBuilder Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
CareerBuilder Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified CareerBuilder Customers
No. of CareerBuilder Customers: 1000
No. of CareerBuilder HCM Applications Customers: x
No. of CareerBuilder Cloud HCM Customers: x
No. of CareerBuilder Cloud HCM Subscribers: x
Through strategic software investments, CareerBuilder has successfully garnered a substantial clientele comprising hundreds of enterprises. The platform witnesses a monthly influx of over 25 million visitors seeking employment opportunities and advice. Leveraging Salesforce, CareerBuilder meticulously cultivates relationships with both job seekers and prospective employers, aiming to provide a seamless and uniform experience across all touchpoints. This approach ensures a consistent and effective engagement strategy throughout the entire user journey.
CareerBuilder Market Opportunities, M&A and Geo Expansions
In September 2020, CareerBuilder unveiled a series of enhancements to its Talent Acquisition suite, aligning with a substantial three-year, $300 million investment initiative. These updates are strategically designed to address the evolving requirements of both companies and job seekers amidst the ongoing dynamics of The Great Rehire. By prioritizing Talent Acquisition, a market valued at $35 billion with an 11 percent growth rate, CareerBuilder aims to fortify its position in catering to the current and long-term hiring landscape.
CareerBuilder is strategically expanding its Human Capital Management (HCM) product portfolio through key acquisitions. In 2016, the company acquired Workterra, bolstering its presence in the post-hire software segment. This move followed the 2015 purchase of a majority stake in Textkernel, aimed at integrating state-of-the-art AI-based resume parsing technology into its suite of solutions. These calculated acquisitions reflect CareerBuilder's commitment to enriching and diversifying its HCM offerings through targeted strategic initiatives.
CareerBuilder Risks and Challenges
The trajectory of CareerBuilder's future is not tethered to the challenges posed by multiple ownership changes within the dynamic media landscape. Instead, its strategic positioning places the company in a prime position to capitalize on prevailing trends in the Human Capital Management (HCM) applications market. This advantageous stance is the result of astutely timed acquisitions and dedicated efforts in seamless integration development.
CareerBuilder Ecosystem, Partners, Resellers and SI
In January 2022, CareerBuilder solidified a technology partnership with UKG. The newly established application programming interface (API) integration facilitates automated job postings from UKG Pro to CareerBuilder.com, enhancing the application experience for over 80 million unique U.S. job seekers annually. This integration empowers recruiters to streamline tasks, access comprehensive data, including completed screening responses, and make more efficient recruitment decisions directly within UKG Pro. The outcome is a notable increase in applicant volume (three to five times) for open positions and a substantial reduction in candidate drop-off rates (up to 90 percent) for employers.
In June 2021, CareerBuilder, a distinguished Workday Select partner, obtained Workday Certified Integration status, solidifying its commitment to seamless integration. This achievement facilitates the integration of Workday Recruiting with CareerBuilder's Talent Acquisition Suite, enhancing the overall user experience for clients.
In November 2019, CareerBuilder forged a strategic partnership with WWE to engage a global audience of millions. CareerBuilder, a provider of career sites for over 1,900 partners, including 340 newspapers, collaborates with key integration partners such as Taleo, Ultimate Software, iCIMS, Oracle Peoplesoft, Workday, Oracle Responsys, Greenhouse, Jobdiva, Jazz, Avionte, Avature, AKKEN, among others, to enhance its comprehensive ecosystem.
Engaging in direct sales complemented by a robust partner and distribution network.
CareerBuilder Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- CareerBuilder Public Cloud and Infrastructure (IaaS)
- CareerBuilder Platform (PaaS)
- CareerBuilder Application Delivery
- CareerBuilder Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
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