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.

A growing number of companies are adopting industry-specific cloud platforms to help them operate more efficiently – and  cheaply. These are platforms that have been customized to handle a relatively narrow area – such as hospitals, banks or retailers – in a way that speaks to the needs of...
UKG reported its revenue grew to $960 million during the fourth quarter ended Sept. 30, while its full-year revenue rose to about $3.7 billion. Subscription revenue grew 15% from the prior year. CEO Chris Todd said the quarter was the most successful in the company’s history, “despite the inflationary environment...
Some 60 million Americans performed freelance work at some point over the last 12 months, according to Upwork. That represents 39% of the total American workforce, the company said in its study of independent workers, Freelance Forward: 2022. “Freelancing continues to gain popularity among skilled professionals as more people evaluate...
Nearly three-quarters of chief finance officers (74%) expect talent or labor costs to jump substantially in the coming year. This comes as 41% of them feel pessimistic about their companies’ financial prospects during 2022's fourth quarter, up from 37% in the third.  These are some of the key findings of Deloitte’s Q4 2022...
Almost half of employees plan to explore their career options next year, according to data contained in isolved's Pause, Pivot or Plan: HR Trends of 2023. The annual year-end survey included insights from 1,000 full-time employees on their performance, priorities, plans and pay expectations for the upcoming year. The top reasons...
Our weekly roundup of deals, product announcements and other HR technology news. ShiftPixy introduced its “Fast Fill” recruiting technology. The product is designed to directly reach available workers through mobile technology, encouraging them to immediately sign up for available shifts. According to the company, to find the workforce, businesses need...
Talent intelligence platform retrain.ai closed a fresh $14 million financing round led by AI-focused investment firm Radical Ventures. The infusion brings the company’s total funding to $34 million.  “Radical’s investment will help accelerate immediate value, with proceeds fueling retrain.ai’s growth into international markets where we will continue to pursue our...
Remote and hybrid work have drastically changed the way people do their jobs. However, people still question if these are worthwhile endeavors, or if all employees should return to the office. When considering this, one important aspect to think about is retention and whether remote and hybrid work are...
15Five received a “strategic investment” from ServiceNow, adding to the $52 million Series C round the company announced in July. The amount of the investment wasn't disclosed. The companies said the funding underscores ServiceNow’s commitment to investing in technology and projects that “reinvent work and drive productivity.” It was only in...
Our weekly roundup of deals, product announcements and other HR technology news. Listen to a podcast of our roundup Phenom expanded its partnership with UKG to include certifications for Job Sync and Hosted Apply. The companies hope their relationship will improve candidate experience by creating a better application process, while adding...