Industry News

Coverage of business deals, partnerships, new products, people moves, marketing strategies, regulatory issues and other developments that HCM solutions providers, HR leaders, financial executives and investors need to know.

In a sign that employers believe the economy’s weakness is linked primarily to the COVID-19 pandemic, most of the companies that recently reduced headcount or compensation say they expect to bring affected employees back on board. While 66% of employers cut headcount or pay...
Not surprisingly, most Americans won’t consider changing jobs during the COVID-19 pandemic. One reason: They don’t believe new jobs will be available. At the same time, when considering offers they still give the most weight to career development and compensation, in that order. Two...
Businesses are slowly beginning to ramp up operations, with the number of employee shifts worked rising some 16 percent since the week of April 12. An analysis by Kronos of data from 30,000 U.S. organizations with 3.2 million employee said the number of shifts...
Learning company Guild Education acquired Entangled Group, a “venture studio” that focuses on products related to training and development. Guild said the acquisition, its first, will help it accelerate the development of solutions that, among other things, help displaced workers find new jobs. Entangled’s...
CFOs see the initial round of frenetic activity spurred by the COVID-19 pandemic as settling down. In its place is a new, challenging business environment that’s characterized by lower revenues and reconfigured workplaces. But as anxious as some executives are to “get back to business,” safety concerns...
Mark Feffer: Welcome to PeopleTech, the podcast of the HCM Technology Report, I'm Mark Feffer. Today, I'm talking with Meg Bear, Senior Vice President of Product, Engineering and Operations at SAP Success Factors. We spoke about what HR and HR technology may begin to look like as...
Our weekly roundup of deals, product announcements and other HR technology news. Paychex rolled out real-time payment capabilities that allow companies to pay employees for time-worked, and make payroll adjustments on the fly to address time-sensitive or emergency situations. RTP is being offered in...
iCIMS acquired Opening.io, an Irish data science company that applies AI to talent acquisition, and launched a new product based on its technology, iCIMS Talent Logic. Talent Logic pairs Opening.io’s solution with iCIMS extensive set of hiring data points, which the company says numbers...
Paradox, developers of the HR-centric AI assistant Olivia, received $40 million in Series B funding in an effort led by Brighton Park Capital. The company plans to use the funding to “expedite its vision,” which we believes means to continue development and sales efforts.
Cornerstone OnDemand founder Adam Miller is moving out of the CEO’s office to make way for Phil Saunders, who led Saba Software through its acquisition by Cornerstone in February. When the transition takes effect on June 15, Miller will become co-chair of Cornerstone’s board...