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.

Employee survey and workforce analytics company Perceptyx received a “significant” investment from financial firm TCV. The company said it will use the funds to speed up its development and expansion efforts. Perceptyx provides its customers with analytics that can be used to improve the employee...
Small-business payroll and benefits platform Gusto raised $200 million Series D funding. Fidelity Management & Research Company and Generation Investment Management joined previous investors Dragoneer Investment Group, General Catalyst and investors advised by T. Rowe Price. CEO Josh Reeves said the company as been “intentional” in working...
More than 55 percent of procurement and finance professionals expect a recession to begin before the end of 2020, and 30 percent of them say they’re not prepared to cope with an economic downturn if it hits. According to research published by the Seattle-based...
Amazon will spend more than $700 million to upskill a third of its American workforce. The company said its goal is to help employees move into new jobs—both technical and non-technical—across nearly all of its operations. The “Upskilling 2025” effort will create programs for employees of...
15Five, an early provider of continuous performance management software, closed a $30.7 million Series B round. The investment was led by Next47, a Siemens venture firm, and brings 15Five’s total capital raised to $42.6 million. The company will use the money to push its expansion efforts, scale...
Our weekly roundup of deals, product announcements and other HR technology news Despite all the talk about improved performance management systems, just 2 percent of HR leaders world-wide say their existing systems deliver exceptional value, according to Mercer’s 2019 Global Performance Management Study. That’s...
Our weekly roundup of deals, product announcements and other HR technology news. Alexander Mann Solutions acquired Karen HR, developers of a “cognitive recruiting assistant” that integrates with existing ATS systems to quickly rank resumes against job openings engage with jobseekers via chat or SMS....
Social learning platform Degreed closed a $40 million debt facility with AllianceBernstein and raised $35 million in equity funding from existing investors Owl Ventures, Jump Capital, Signal Peak Ventures and GSV Accelerate. The company said it will use the financing to continue product development, fund international expansion...
In this Point of View, Adam Rogers, co-CEO and chief technology officer at Ultimate Software, shows us how organizations can use lessons learned by others to put technology to its best use. In today’s world, every successful company is a tech company. It’s become impossible to separate...
Our weekly roundup of deals, product announcements and other HR technology news. Employee communications specialists take note: According to PeopleDoc, 60.8 percent of employees ignore emails they receive at work, and 40 percent ignore HR messages specifically. Also worth noting: forty-seven percent say their...

News & Analysis for the HCM Technology Community.