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.

Workday CEO Aneel Bhusri believes Oracle has been too slow to move to the cloud with its HCM solutions, and that its tardiness has come at a price. “As it relates to all of our legacy competitors, they were slow to move to the cloud,” Bhusri said during Workday’s fourth-quarter earnings call....
Updated While HR technology providers adjust their operations to address concerns related to the coronavirus, several industry conferences are going ahead. Meanwhile, the first questions are being posed about COVID-19’s long-term impact on the industry. Thus far, cutbacks in travel and commuting have been felt most keenly by hard-to-quantify disruptions...
Our weekly roundup of deals, product announcements and other HR technology news. Oracle said its Fusion HCM business grew 27 percent during its fiscal 2020 third quarter. Meanwhile, its Cloud HCM products are seeing strong growth as part of the company’s cloud ERP suite. Overall, the company reported a 4 percent...
The coronavirus is forcing more employers to accommodate remote work as families scramble to juggle working from home while schools are closed and older relatives need attention. Already, the HR tech world is seeing changes. Across the U.S., state and local governments declared states of emergency, closed public gathering places...
Technology executives say the coronavirus has had a “devastating” impact on the business-technology supply chain, leaving large employers without thousands of new computers and examining how and when they’ll carry through on plans to distribute new tools and applications to their workforce. The comments were made in an interview held just before the federal...
Widespread layoffs have begun across the economy as employers struggle with the impact of business lost because of the coronavirus. According to media reports, more than 1 million workers could lose their jobs by the end of March. Ball State University Economist Michael Hicks told the Washington Post that March could be the...
The coronavirus is bound to impact the HR technology business, analysts and industry executives believe. However, where that impact will be felt isn’t yet clear. The situation surrounding the pandemic is changing quickly and constantly, and vendors say they’re focused on supporting customers as HR departments scramble to enable their companies to...
Our weekly roundup of deals, product announcements and other HR technology news. BestSoftwareReviews said the number of visitors to the its video-interview product software page has increased about 73 percent per week over the last three weeks. In a blog post, the company said searches for “virtual interview platforms” rose 540...
More than two-thirds of U.S. small businesses have felt the coronavirus’s impact on sales, and  nearly as many expect their sales will continue to drop. Specifically, 69 percent of small companies report a large decline in demand because of the COVID-19 pandemic, according to a survey by the software provider Thriv and...
Our weekly roundup of deals, product announcements and other HR technology news. Paychex reported revenue of $1.1 billion for its fiscal third quarter, which ended Feb. 29, 2020. That’s an increase of 7 percent from the year-ago period. Net income and diluted EPS each increased 9 percent, to $354.5 million...