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Sydney-based recruitment-software platform JobAdder is aiming to capitalise on business demand for short-term workers after securing a new round of funding from its majority owner SEEK (ASX: SEK).
While the financial details of the capital injection have not been disclosed, JobAdder plans to use the fresh funds for product development, including enhancing its applicant tracking system and customer relationship management offering for recruitment customers globally.
JobAdder is specifically targeting the surge in demand for short-term workers by businesses in the post-COVID environment.
“Despite its historical tightness, the increasingly diverse and fluid labour market means employers will need greater flexibility to adjust their workforce according to shifting business demands,” says JobAdder CEO Martin Herbst.
“As a result, there’s a significant opportunity for recruiters to be more dexterous in finding and managing qualified temporary workers.
“Our latest investment from SEEK will help us accelerate the launch of new products, allowing recruitment professionals to diversify, work smarter, and make the best of changing market conditions.
“This funding round is a clear indication of our continued dedication to providing cutting-edge solutions that meet the evolving needs of the recruitment industry.”
JobAdder has made significant inroads into product development over the past year, including a push into the AI, data science and mobile space.
The group currently has 27,000 users across 4,500 client accounts globally, including recruitment agencies, staffing firms, and talent acquisition teams.
JobAdder plans to expand its service offering within larger multi-desk agencies in Australia, New Zealand, and the UK, while also branching into the in-house talent acquisition space.
The company says its Temp Express platform has been designed for temp recruiters to manage their workforce and vacancies, create talent pools using AI and automation, move faster with job templates and bulk actions, and track the performance of their temp desk.
JobAdder was co-founded in 2006 by Brett Iredale. Iredale, the former CEO, stepped down from the company in 2020 when he was replaced by Herbst as CEO.
SEEK upped its stake in Job Adder in 2020 at a time when it was moving to exit its significant investment in China’s online recruitment platform Zhaopin to focus on its core operations in other global growth markets.
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