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.

Companies are quietly hiring contract workers even as they assign work to remaining employees to make up for layoffs, according to a study from ResumeBuilder.com. The company defines quiet hiring as "the practice of either hiring contract workers or asking existing employees to take on new or additional tasks." Cost-cutting measures have...
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...
Coaching marketplace and learning experience platform GoCoach relaunched itself as SkillCycle, and announced new product features and improvements to its core user experience. Previously, GoCoach, founded in 2018, provided learning and development experiences and upskilling for employees in small to mid-sized businesses. The company had hoped to help employees take...
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...
The pressure of the pandemic has led both employers and job candidates to make impulsive hiring and technology decisions that haven’t always worked out, according to Modern Hire. But in 2023, the company expects to see HR leave “reactionary measures” to focus on techniques that drive efficiency, effectiveness, engagement,...
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...