Business

As technology advances, so does the opportunity for vendors to serve business of all sizes. But HCM technology is constantly changing as new companies emerge, old vendors plan for market changes and new generations of employees demand more from their tools. Here’s our coverage.

Mark Feffer: Welcome to PeopleTech, the podcast of the HCM Technology Report. I’m Mark Feffer. My guest today is Ward Christman, founder of HR Tech Advisor and co-founder of HR Tech Alliances. He advises HR technology firms on strategic alliances, partnerships and sales. We’re going to talk about the state...
Compensation data companies PayScale and Payfactors have decided to stop competing and join forces. Their merger will form a company of 600 employees and some 10,000 customers, including half of the Fortune 500. PayScale CEO Scott Torrey will lead the combined organization, which will operate under the PayScale name. Payfactors...
Listen to a podcast featuring this story. Phenom has acquired Talentcube, a Munich-based video technology company that it will use to expand its capabilities in video for candidates, employees, recruiters and hiring managers. Adding Talentcube’s technology will advance Phenom’s ability “to provide seamless video functionality at every stage of the talent...
UKG reported revenue of $776 million for its fiscal 2021 first quarter, which ended Dec. 31, 2020. Earnings before interest, tax, depreciation, and amortization (EBITDA), excluding float, increased 17% to $210 million, while subscription revenue excluding float grew 16%. The company said financial growth was driven by new-customer orders, strong...
Cornerstone OnDemand seems to be deepening its customer relationships as it continues to pursue a content-weighted product strategy. Speaking to analysts during the company’s fourth-quarter earnings call, CEO Phil Saunders said the focus on integrating content into Cornerstone’s products "led to a surge in business” during the fourth period, which...
Our weekly roundup of deals, product announcements and other HR technology news. ADP’s Next Gen Payroll platform has gone live with its first client in Mexico, expanding the service’s reach across all of North America. Built natively on the public cloud, the platform gives practitioners and employees transparency into how...
Our weekly roundup of deals, product announcements and other HR technology news. Listen to a podcast of the roundup. SAP plans to integrate Microsoft Teams across its suite of. SAP CEO Christian Klein said integrating Teams into products like SuccessFactors will help the companies jointly determine the future of work and...
Recruiters hope that any loosening of immigrant work visas will help technology companies land better candidates by expanding the pool of talent and easing the industry’s ever-present labor shortage. According to The Wall Street Journal, rolling back the previous administration’s restrictions is under consideration by the Biden White House. They...
Our weekly roundup of deals, product announcements and other HR technology news. Listen to a podcast of the roundup. HireVue stopped using software that analyzes facial expressions to identify certain characteristics of interviewees. The platform had recorded candidates’ behavior, speech and intonations and run them against an algorithm that would match...
Despite the uncertain economy, businesses will need to increase salaries by up to 3.5% for high-demand roles if they want to remain competitive in the labor market. Changes in consumer behavior are a big driver here, according to a report from Randstad US. Demand for workers in industries such as...