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.

Could employers’ increasing use of remote workers collide with their security concerns and transformation efforts? New research suggests that it might. Supported not only by technology such as mobile, collaboration and cloud storage solutions, but also by more flexible workplace policies and acceptance that people don’t have to be in the office to be...
Our weekly roundup of deals, product announcements and other HR technology news. WorkForce Software became an Oracle HCM Cloud preferred partner. The company said customers could see performance improvements of 30 percent or more when measuring traditional co-location facilities. Last week, WorkForce released a new user experience that pushes notifications to managers and employees. Cornerstone...
ADP continued its trend of steady earnings growth while Kronos reported double-digit revenue increases during their most recent fiscal quarters. ADP said its fiscal second-quarter earnings rose 5 percent compared to last year’s period, to $3.7 billion. Net earnings increased 17 percent, to $652 million, while adjusted earnings before interest and taxes...
Cornerstone OnDemand, SAP, SumTotal Systems and Ultimate Software are among the 15 HCM and educational technology vendors who’ve become founding members of a nonprofit focused on the research and development of blockchain solutions and promoting their adoption. The nonprofit, called the Velocity Network Foundation, seeks to create a global, open-source blockchain-powered “Internet of...
HR leaders are continuing to sharpen their focus on aligning their work with their organization’s goals and business performance, prioritizing a number of strategic workforce concerns. Leah Johnson, vice president of advisory in Gartner’s HR practice, said that during 2020 the concerns of HR leaders will “reflect the critical needs that organizations...
Everyone involved in HCM technology—from product designers to HR teams—seems laser-focused on anticipating the needs of younger workers. But a survey from ServiceNow Canada shows that Gen Z’s expectations may not be as challenging as everyone thinks. In some ways, in fact, this younger generation is downright traditional. ServiceNow Canada surveyed 1,500 Canadian employees...
Our weekly roundup of deals, product announcements and other HR technology news. Accenture will acquire Sierra-Cedar’s Workday, Salesforce and U.S. MuleSoft practices. The acquisition will strengthen Accenture’s position in the Workday ecosystem and broaden the services it offers to higher education and government organizations. Some 275 Sierra-Cedar professionals will join Accenture as part of the...
Koch Equity Development will acquire Golden Gate Capital’s equity stake in Infor, making the company a standalone subsidiary of Koch Industries. Current management will stay on and its headquarters will remain in New York City. The transaction is reported to be worth some $13 billion. KED invested $2 billion in Infor in 2017,...
While many employers have expressed concern about the need to train or reskill workers to handle new technologies, remarkably few offer necessary learning programs to their workers. According to Randstad Sourceright’s 2020 Talent Trends Report, 92 percent of HR leaders believe their company should be responsible for providing the reskilling employees need...
Our weekly roundup of deals, product announcements and other HR technology news. Ceridian reported Dayforce revenue of $569.7 million during 2019, up 30.2 percent year-over-year. The company ended the year with more than 4,300 live Dayforce customers and 3.9 million active users world-wide, an increase of 25.8 percent. CFO Arthur Gitajn said global sales,...