Being a visionary comes with responsibilities. And when it comes to being responsible for visionary talent acquisition software, MrTed Ltd. easily takes responsibility for creating some of the best-performing talent acquisition software (TAS) not only for small and medium-sized businesses, but also for the enterprise.
For 10 years, Europe-based MrTed has been at the forefront of innovation in cloud computing, and in 2010, the launch of MrTedTalentLink 9 (a.k.a. MrTedTalentLink Cloud 9 or, simply, Cloud 9), MrTed's TAS, continues this tradition. For three years, MrTed worked closely with its user community in order to ensure that MrTedTalentLink 9 would reflect their desires. The result, which launches today, Jan. 11, is the world's most advanced TAS platform.
"With the release of MrTedTalentLink Version 9, named Cloud 9, users and organizations will have more power to find top talent and experience an unprecedented flexibility of data, and improved user experience will allow them to access the information they need when and where they need it,” says Jerome Ternynck, CEO and co-founder of MrTed.
The Talent Acquisition Systems Marketplace—Growing and Evolving
In a recent study, Bersin & Associates projected the marketplace for TAS to grow by about 33 percent over the short term—from just shy of $783 million in 2009 to more than $1.04 billion by 2012. The same study, "Talent Acquisition Systems 2009: Facts, Practice Analysis, Trends and Provider Profiles," observes that the TAS playing field has noticeably evolved over the past several years, with the powerhouses of past years yielding to the powerhouses of today. For instance, Taleo and Vurv, two of today's largest players, now take the place of BrassRing, Kronos offshoots such as Unicru and Deploy Solutions, and others—all former mainstays in this sector of the HR tech marketplace.
Parallel to this shuffling of the primary players in talent acquisition over the past decade has been an attendant shift in focus, again according to Bersin & Associates' research. TAS providers, having assimilated internal search compatibility, as well as resume processing and scanning capabilities, into their offerings, have since turned their attention to creating products that embrace and work in concert with the well-documented tools of Web 2.0. These encompass the usual suspects, of course, such as search engine optimization (SEO) and real simple syndication (RSS). But equally as important, they include job-matching and more. In a larger sense, this progression has seen the industry widening its scope and relevance. In earlier days, TAS software addressed solely the recruiter's view. Only recently have solutions catered not only to the recruiter's point of view, but also to the candidate's. It's a change in perspective largely made possible by ever more sophisticated use of the Internet.
And, yet, despite these myriad advances in TAS delivery and functionality, all TAS providers are far from equal: Whereas the focus of many large players in this market space has diffused, MrTed remains fixed, like a laser, on TAS specifically. This specialization breeds a solution from MrTed that provides unique benefits to companies that use its technology.
The Theory of Everything
For years, physicists have sought to develop a so-called theory of everything, a codified, mathematical model that explains the universe itself. Recruiting is not physics, but talent acquisition does have its own, analogo
