Our weekly roundup of deals, product announcements and other HR technology news.
ADP’s Wisely service unveiled Wisely Now, which enhances the availability of earned pay while providing new employer protections. Wisely Now helps automate instant payments such as off-cycle and termination pay. It also offers single-instance paper checks that employees can cash checks without fees. At the same time, ADP launched myWisely, a mobile app that melds cardholder capabilities such as tracking spending, finding locations to access cash and paying bills.
Recruiting platform AllyO said it increased annual recurring revenue by over 50 percent during the first quarter compared to the end of 2018. The company also added 20 percent more customers during the period. Ten percent of its 2018 customers expanded their business.
LMS provider Absorb Software acquired Torch LMS, a Utah-based SaaS learning system provider. The company said it anticipates making several more acquisitions, using funds from a recent investment by Silversmith Capital Partners.
In this week's #HRTech update: @ADP adds Wisely app; @ApplywithAllyO reports higher revenue; @HireVue hits 10 million interviews. #HR #HRTribe #HCM Click To TweetHireVue said it’s delivered more than 10 million video interviews to date, doubling the 5 million generated 18 months ago. In 2018, HireVue acquired MindX. More recently, it created an advisory board to guide ethical development of its AI tools.
Paycor acquired the cloud-based scheduling platform Ximble, whose tools will be fully integrated into Paycor’s product suite. Paycor claims more than 30,000 SMB customers.
SMB recruiting platform JazzHR and time-and-attendance solution Time Rack announced an integration that provides JazzHR customers with a cost-effective time management option. The companies said the integration’s initial phase will streamline how candidate information is exported from JazzHR to Time Rack. Enhanced functionality will be incorporated on an ongoing basis.
Learning company Skillsoft and workforce management implementation firm WFC Group both joined SAP’s PartnerEdge program.
BiasSync launched a proprietary tool to assess unconscious bias in large corporations and government agencies. The Los Angeles startup provides organizations with aggregated data and development content designed to lessen the impact of unconscious bias in the workplace. The product’s initial version includes assessments for race and gender, and the company is developing additional assessments be released over the next year. The company said executives can use its anonymized information to implement changes and make improvements that can be tracked over time.
Tiger Global Management is leading a Series B round of $28 million in Karat, reports GeekWire. After customers have preselected engineering candidates for open positions, the company’s vetted network conducts video interviews, guided by questions and scoring parameters Karat’s developed, and reports its findings on top applicants.
Data Points
Men, particularly those in senior roles, are increasingly hesitant to deal with women at work, according to research by SurveyMonkey. Partly because they fear accusations of sexual harassment, 60 percent said they’re leery of committing to 1-on-1 time with female colleagues, up 14 points from 2018. Just more than a third, or 34 percent, said they actively avoid interacting with female colleagues outside of work. “The impact of this reticence is real,” said SurveyMonkey. “Mentoring often includes dinner or drinks outside of working hours, and if male mentors aren’t willing to do that with ambitious women, those women lose out.”
Nearly 99 percent of American manufacturers are small businesses, 75 percent of them with fewer than 20 employees, according to SCORE. While manufacturing generated 11.6 percent of U.S. economic output and employs 8.5 percent of the workforce, 89 percent can’t fill job openings, the organization said the top reasons: shifting skill sets due to technology, misperceptions about manufacturing jobs, and the retirement of baby boomers.
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