With referrals as the no. 1 source for external hires, organisations are looking to tap into higher-quality talent by leveraging employees' social connections.
The combination of Oracle and SelectMinds' complementary social sourcing capabilities is expected to create a comprehensive recruiting, candidate sourcing, and talent management offering for organisations to reach quality referrals through social recruiting.
SelectMinds products are already fully integrated with Oracle Cloud Recruiting, Performance Management and Human Capital Management solutions and further extend Oracle's social and mobile initiatives into talent management.
"Recruiting candidates through employee referrals is widely acknowledged as the most effective method to find talent through trusted contacts. Making recruiting efforts efficient and seamless by leveraging social connections and through mobile applications helps companies find better quality candidates and continue to build the pipeline for future talent", stated Thomas Kurian, Executive Vice President, Oracle Development. "By adding SelectMinds to Oracle's Talent Management Cloud, Oracle can help customers with a complete talent management solution, enabling streamlined recruiting practices, more quality referrals, faster employee on-boarding, and better performance."
"Oracle's proposed acquisition of SelectMinds represents a strong endorsement of SelectMinds intuitive social sourcing technology and the value customers have achieved with our solutions. We're excited to be a part of Oracle, and look forward to combining our resources to better serve and support customers with more global scale", stated Anne Berkowitch, CEO and Founder, SelectMinds.