Search company, investor...

CareerArc Group

careerarc.com

Founded Year

2009

Stage

Private Equity | Alive

Total Raised

$30M

Last Raised

$30M | 4 yrs ago

About CareerArc Group

CareerArc is an HR technology company helping businesses recruit and transition the modern workforce. The company's social recruiting and modern outplacement solutions help organizations maximize their return on employer branding. By leveraging the cloud, combining web, mobile and social media applications, CareerArc helps companies gain a competitive edge in recruitment, employment branding, and benefits.

Headquarters Location

2600 West Olive Avenue Suite 710

Burbank, California, 91505,

United States

888-303-2526

Missing: CareerArc Group's Product Demo & Case Studies

Promote your product offering to tech buyers.

Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.

Missing: CareerArc Group's Product & Differentiators

Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).

Expert Collections containing CareerArc Group

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

CareerArc Group is included in 2 Expert Collections, including HR Tech.

H

HR Tech

4,016 items

HR tech startups are helping companies manage critical pain points in HR processes such as recruitment, automation, career development, compensation, and benefits management, through a mix of software and services.

S

Store management tech (In-store retail tech)

385 items

Latest CareerArc Group News

10:00 EDT Nearly Half (48% each) of Gen Z and Millennials With Work Experience Have Applied to Jobs They Found via Social Media

Aug 23, 2022

News provided by Share this article Share this article New study unveils the power of social media and employee advocacy in recruitment efforts, as nearly 3 in 5 jobseekers (58%) search for information about potential employers on social media BURBANK, Calif., Aug. 23, 2022 /PRNewswire/ -- A new U.S. study conducted online on behalf of CareerArc by The Harris Poll among more than 2,000 U.S. adults ages 18+ who have ever had a job, reveals that while 86% of employed Americans say they are very or somewhat happy in their current job, 50% are currently looking for a new job, 36% passively and 14% actively. And jobseekers are turning to social media to find work: 58% of jobseekers search for information about potential employers on social media and 48% of both Gen Z (ages 18-25) and Millennials (ages 26-41) with work experience have applied to job opportunities they found on social media. The study further showcases how jobseekers interact with social media in the job search process as well as employees' involvement in sharing their company's social media content on personal social channels. Statistics from an August 2022 study from CareerArc and The Harris Poll "With US employers adding 528,000 jobs in July - surpassing economists' forecasts and returning to pre-pandemic levels - the war for great talent and how organizations are recruiting continues to be at the forefront of business goals," said Jim Bramante, Chairman and CEO at CareerArc, the only social recruiting platform purpose-built for talent acquisition . "This data presents a clear picture of how critical a tool social media is for today's jobseekers and the companies trying to recruit them." Social media is an important resource for jobseekers, especially younger generations The data found that more than 2 in 5 jobseekers (45%) say social media is very important to their job search. When breaking down how candidates search for jobs by generation, Boomers (ages 58-76) with work experience are the least likely generation to have discovered job opportunities on social media (12%) with Gen Z (62%) and Millennials (56%) being much more likely to have discovered job opportunities on social media and Gen X (ages 42-57) sitting in the middle at 31%. Further supporting the use of social media for job searching by younger generations, Gen Z (48%) and Millennials (48%) with work experience are vastly more likely to have applied to job opportunities they found on social media than Gen X (24%) or Boomers (7%) with work experience. Aside from discovering and applying to jobs found on social media, about half of Gen Z and Millennials with work experience use social media to tap their networks for the best opportunities: Gen Z (48%) and Millennials (47%) with work experience are more likely than Gen X (23%) and Boomers (8%) with work experience to have connected with recruiters/employees through social media and/or employees of prospective employers on social media (e.g., Twitter, TikTok, LinkedIn), and 49% of Gen Z and 47% of Millennials with work experience have reached out to peers on social media for job leads. Social media reaches and attracts diverse candidates When surveying how job seekers interact with social media by race/ethnicity, the data showed that Hispanic and Black Americans with work experience are far more likely than their White counterparts to say they have discovered job opportunities on social media (49% and 46% vs 28%). Additionally, Black and Hispanic Americans with work experience are more likely than their White counterparts to say they've used social media to apply to job opportunities(42% and 39% vs 21%), connected with recruiters and employees at prospective employers(42% and 35% vs 21%), and reached out to peers for job leads (42% and 37% vs 21%). Employees are open to participating in social media-based employee advocacy programs With this many jobseekers turning to social media as a major tool in their job search, the way organizations present themselves on platforms like LinkedIn, Twitter, Instagram, and Facebook - and the extent of their reach with jobs and career-related content - is central to their success in recruiting top candidates. When it comes to getting employees involved in social media, half of employed Americans (50%) say they would share their company's social media content (e.g., job postings, employee spotlights, team events, news articles) on their personal social channels, with nearly a third of employed Americans (30%) saying they already have. That number skyrockets by generation with Gen Z (66%) and Millennial (67%) employees far more likely to say they would share their company's social media content on their personal social channels than Gen X (43%) or Boomer (19%) employees. "This begs the question of how organizations can do a better job of encouraging employees to share employer content and be active participants in their talent acquisition strategy," said Bramante. The survey found that 26% of employed Americans say they would be more likely to share their company social media content on their personal social channels if their company (e.g., my manager, senior leadership) simply asked them to. In addition to this, 24% say they would be more likely to share company social media if they had a direct connection to the content (e.g., open position in their department, business update for the work they were involved with). Furthermore, just over 1 out of 4 Gen Z (27%) and Millennial (27%) employees would be more likely to post their company's social media content if their company made it easier, such as by providing the content and/or templates. "The value candidates are placing on a company's social media content and presence makes social recruiting and employee advocacy more important than ever," said Bramante. "It's clear that when it comes to hiring, Gen Z and Millennials are turning to social media, whether it's to find job openings or to assess what your company culture is like, and they're willing to get involved in company social media if employers simply ask." Check out the full report here . Survey Methodology: This survey was conducted online within the United States by The Harris Poll on behalf of CareerArc between July 21-25, 2022, among 2,040 U.S. adults ages 18+, among whom 1,254 are employed, 2,004 ever had a job, and 866 are job seekers. The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the sample data is accurate to within + 2.8 percentage points using a 95% confidence level. For complete survey methodology, including weighting variables and subgroup sample sizes, please contact BAM at [email protected] . About The Harris Poll The Harris Poll is a global consulting and market research firm that strives to reveal the authentic values of modern society to inspire leaders to create a better tomorrow. It works with clients in three primary areas: building twenty-first-century corporate reputation, crafting brand strategy and performance tracking, and earning organic media through public relations research. One of the longest-running surveys in the U.S., The Harris Poll has tracked public opinion, motivations and social sentiment since 1963, and is now part of Stagwell, the challenger holding company built to transform marketing. To learn more, please visit www.theharrispoll.com   About CareerArc Founded in 2009, CareerArc has over a decade of experience helping companies transform their social media presence into a recruiting machine with minimal effort. Clients report notable achievements such as a 50% increase in hires, 85% retention rate for candidates hired through the platform, and a per-client average of more than 900 hours of work saved on recruiting each year while spending an average of 68.2% less than job ads. Visit www.CareerArc.com to learn more. Contact:

CareerArc Group Frequently Asked Questions (FAQ)

  • When was CareerArc Group founded?

    CareerArc Group was founded in 2009.

  • Where is CareerArc Group's headquarters?

    CareerArc Group's headquarters is located at 2600 West Olive Avenue, Burbank.

  • What is CareerArc Group's latest funding round?

    CareerArc Group's latest funding round is Private Equity.

  • How much did CareerArc Group raise?

    CareerArc Group raised a total of $30M.

  • Who are the investors of CareerArc Group?

    Investors of CareerArc Group include Peak Equity Partners.

  • Who are CareerArc Group's competitors?

    Competitors of CareerArc Group include Workstream, TalentReef, Fountain, HourWork, Jobvite and 10 more.

Compare CareerArc Group to Competitors

Fountain Logo
Fountain

Fountain enables companies to quickly screen and hire independent workforces - all the background checks, document signing, scheduling, city management - in one simple dashboard. Fountain’s all-in-one platform enables companies to find qualified candidates and move them from application to onboarding quicker, reducing time to hire from weeks to days. By simplifying the screening, interviewing and hiring experience, Fountain’s solutions keep applicants happy while ensuring organizations have pipelines full of hourly talent that are ready to work. Fountain was founded in 2015 and is based in San Francisco, California.

HourWork Logo
HourWork

HourWork is a platform that enables managers to recruit their former employees, student workers, and seasonal staff into a trusted talent network and deploy them on-demand. Through the platform, managers can send work opportunities, confirm work assignments, and communicate with a flexible on-demand workforce consisting of people they have trained and trust. The company was founded in 2017 and is based in Boston, Massachusetts.

HireVue Logo
HireVue

HireVue provides an assessment and video interviewing platform that combines video, AI, game, and technical challenges for comprehensive hiring intelligence.

WorkStep Logo
WorkStep

WorkStep is a job network for hourly workers. Its mission is to enable better career outcomes by providing a transparent and efficient labor marketplace.

Emi Labs Logo
Emi Labs

Emi Labs develops a virtual assistant for human resources workers that automates the hiring process for low-skilled jobs.

S
Sense

Sense Talent Labs has developed sense, an engagement platform designed to improve contractor work experience and increase loyalty to employers. It focuses on catering to blue-collar workers. The company offers solutions such as healthcare, retail and hospitality, logistics and warehousing and staffing. Sense was founded in 2016 and is based in San Francisco, California.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.