Industry News

Coverage of business deals, partnerships, new products, people moves, marketing strategies, regulatory issues and other developments that HCM solutions providers, HR leaders, financial executives and investors need to know.

Our weekly roundup of deals, product announcements and other HR technology news. Syndio expanded its OppEQ product with Promotions, a new solution that helps companies analyze and address the leading cause of pay gaps: disparities in promotion rates across gender, race and ethnicity. With the addition, the company hopes to...
Salary.com announced new capabilities for its CompAnalyst pay equity suite, a solution that, the company said, focuses on identifying and preventing pay issues. Sixty-seven percent of organizations face continuously increasing pressure to address pay equity, according to a Salary.com survey. The study, Employer Pay Equity Pulse Survey, found that current employees...
Nearly half of HR leaders, 46%, say that HR technology is their top spending priority this year, followed by staffing and recruiting, total rewards and learning and development, according to research by Gartner. High inflation, intense competition for talent and global supply constraints are, leading organizations to focus on “growth...
Hiring at U.S. small businesses increased during February, led by hiring in the leisure and hospitality industry, according to research by Paychex and IHS Markit, a provider of information and analytics. The company’s Small Business Jobs Index, which measures national employment growth for businesses with fewer than 50 workers,...
New technology, like AI, has been both a disruptive and beneficial force in society and the world of work. As such, it's hard to know how the tech we're using today will change our lives and work tomorrow. From working in a virtual office to automating tedious, manual tasks,...
Qualtrics will go private after accepting a $12.5 billion buyout offer from Silver Lake Management and Canada Pension Plan Investment Board.   Silver Lake, CPP Investments and their co-investors will acquire all of the outstanding shares Silver Lake does not already own, including the entirety of SAP’s majority ownership interest. The...
The global contingent workforce management industry generated $171.5 trillion in 2021, and will reach an estimated $465.2 trillion by 2031, a CAGR of 10.5% from 2022 to 2031. According to Allied Market Research, the growth is driven by an increasing demand for flexible workforces, shifting demographics and labor force...
Our weekly roundup of deals, product announcements and other HR technology news. Listen to a podcast of our roundup. Lattice launched its People Strategy Group (PSG), a consulting collective. The company said the network is designed to help senior leaders build effective people programs, improve employee engagement, maximize team performance and...
Despite innumerable layoffs in recent months and a possible economic downturn, recruiting still holds promise in 2023, according to a recent report by Gem. The 2023 Recruiting Trends report found that 24% of recruiting organizations saw reductions in force in the last half of 2022—but 33% of smaller organizations...
Alight, provider of integrated digital human capital and business solutions, saw revenue growth 7.4% to over $3 billion dollars in 2022, with nearly a third of that coming in during the final quarter of the year. In addition, the company’s business process as a service (BPaaS) revenue grew 44.6%...