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.

DailyPay secured $260 million of capital, which it will use to support domestic growth, expand internationally and further invest in product development. The funding is divided between revolving credit facility capacity provided by Barclays and Angelo Gordon, and new term loan funding from SVB Capital and a fund managed...
Clovers has acquired TalVista, a diversity and inclusion hiring platform. The companies want to “support the next era of hiring” and help employers reach their DEI goals. Down the road, TalVista's products will be integrated into Clovers' platform and made available as a new offering, the companies said. The merged...
Our weekly roundup of deals, product announcements and other HR technology news. Listen to a podcast of our roundup. Employee wellbeing platform Gympass partnered with Headspace Health, a mindfulness and meditation application. Through the partnership, Headspace will be available as part of Gympass’ suite of wellbeing apps and services. The companies...
Small and medium-sized businesses will increase their technology spending during 2023, although not to pre-pandemic levels. The growth could set the stage for the increasing use of HR-related software solutions and funding of post-pandemic digital transformation efforts. The technology research and consulting firm Analysys Mason believes that the 145 million...
Paylocity announced a full integration of Cloudsnap, a solution for joining disparate business applications, into its broader platform. The goal is to create a source for employee data that can be leveraged across an entire organization. Similarly, the company hopes to provide a system to support the employee lifecycle from...
Microsoft and Darwinbox said they’ll collaborate to help global organizations leverage “the right tools to succeed in the evolving world of work.” The companies said the collaboration will include integrations between Darwinbox and the Microsoft product ecosystem, and co-innovation on solutions to enhance employee experience. The relationship will also accelerate...
Salesforce’s Slack messaging unit, acquired some two years ago for $27.7 billion, hasn’t been burning up the landscape, says The Wall Street Journal. At the time of the acquisition, Salesforce expected that together, the two companies would “transform the way everyone works in the all-digital, work-from-anywhere world.” Some HR departments...
Our weekly roundup of deals, product announcements and other HR technology news. Listen to a podcast of our roundup. HR Acuity unveiled an employee relations maturity model, the Employee Relations Quotient or ER/Q. With the tool, employee relations teams can establish a baseline for their current maturity level based on the...
Our weekly roundup of deals, product announcements and other HR technology news. Listen to a podcast of our roundup. The pandemic years made young workers more ambitious, even as their older colleagues grew less ambitious, according to new research from Qualtrics. In a study of 3,000 working Americans, Qualtrics found that...
Companies using AI and other tools to help them plan and execute layoffs during a recession may face legal and compliance issues if it turns out their systems are biased. Capterra’s HR Tech Recession Planning Survey of 300 HR leaders found that 72% of those surveyed say their organization has...