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.

By now, most everyone involved in HCM technology has been involved in some kind of discussion about “digital transformation” and “digital business,” not to mention the pressure from employees to have access to simpler, consumer-like self-service tools. However, according to the process-automation company Nintex, HR isn’t even among the...
Cornerstone OnDemand’s announcement of Cornerstone Frontline and its acquisition of service-employee marketplace Workpop are new indications the company sees growth potential for both recruiting and HCM technology tools in markets beyond the traditional large-business space. Frontline is a recruiting solution designed for users seeking to hire local, entry-level and customer-facing...
Pymetrics, which combines neuroscience and AI to identify the traits that contribute to success in a role and applies them to incoming job applications, closed a $40 million Series B funding round. Led by General Atlantic, the round also includes new investors Salesforce Ventures and Workday Ventures, plus existing investors...
A roundup of deals, product announcements and other news from the HCM technology community. O.C. Tanner unveiled Align, a tool that helps develop leadership through one-on-ones, goals and integrated recognition, and Culture Cloud, an evolution of the company’s culture-building platform. Vice President of Product Steve Fairbanks said Align was designed...
SAP Fieldglass has added four new services to its Digital Partner Network: Toptal, Trusted Health, First Advantage and TalentWave. With them, Fieldglass customers gain the ability to conduct searches for more specialized workers, background checks, verify certifications and improve payment processes. Expanding the network is intended to give Fieldglass users...
  As businesses of all sizes begin to take advantage of technology solutions covering everything from finance to operations, marketing and, of course, the workforce, vendors with strong HCM components may find themselves in an increasingly advantageous market position. The reason’s simple: Alone among organizational functions, HR touches every corner of...
In mid-July, Ultimate Software acquired the Paris-based HR service delivery provider PeopleDoc for about $300 million in cash and stock. Ultimate said the combination would “improve the employee experience by offering new, person-centric features, such as an online employee help center, HR case management, and employee file management.” In terms...
San Francisco-based Lattice, a three-year-old provider of continuous performance management software, has launched its second product, called Engagement. With it, the company said it’s become the first HCM technology vendor to combine performance management and engagement into a single system. Connecting Engagement’s survey functionality to Lattice’s performance management suite provides...
A roundup of deals, product announcements and other news from the HCM technology community. Korn Ferry released two new talent acquisition products that its said augment key elements of the recruiting process, including best-in-class job profiles, one-click candidate sourcing, insights into talent supply, demand and compensation data, plus predictive candidate...
It’s been a busy couple of weeks for LinkedIn. On October 8, the Microsoft unit acquired the engagement platform Glint, saying “Both companies are focused on helping make people more successful at work, and building winning teams.” A few days later, at its annual Talent Connect conference, LinkedIn showed off...