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.

Our weekly roundup of deals, product announcements and other HR technology news. Listen to a podcast of our roundup. Zoom invested in Clovers through its Zoom Apps Fund. The company was selected based on its early market traction and ability to provide engaging experiences to Zoom customers. As part of the...
Our weekly roundup of deals, product announcements and other HR technology news. Listen to a podcast of our roundup. Remote and hybrid-work arrangements have changed work culture, said research from HR platform provider BambooHR. The company found significant disconnects between frontline employees and leaders on various aspects of culture, and said...
UKG announced an effort intended to drive awareness and encourage action that addresses pay disparities between men, women and underrepresented groups. The UKG Close the Gap Initiative will fund a number of programs, nonprofits, awareness-building efforts, education and research in support of pay equity. For every dollar a man earns in...
Conventional wisdom says that American workers are walking away from their jobs because they’re unhappy. It turns out that’s not the case. According to research by the accounting software firm FreshBooks, the majority of workers who are seeking self-employment (86%) will choose that path as opposed to being forced...
Nearly three-quarters of employees working in digital businesses expect to leave their current role in the near future, while 40% of them are already job hunting. The main drivers: improving their chances for advancement (63%) and looking for new challenges (49%). Research by the Boston Consulting Group and recruitment website group...
Employees are becoming less likely to leave their current job for another employer, even though they’ve grown more pessimistic about their chances of switching to a new role within their current company. Those findings, published in Randstad RiseSmart’s Q3 2021 Career Mobility Outlook report, are directly opposed to employer sentiment. Some 95%...
Outmatch has rebranded to Harver while, separately, Wedge launched the Wedge Hire mobile app and several new product features. Outmatch acquired Harver in May. At the time, the company said Harver’s platform complemented the assessment, video interviewing and reference-checking capabilities of its Hiring Experience Stack. The combination, Outmatch said, would...
Our weekly roundup of deals, product announcements and other HR technology news. Listen to a podcast of our roundup. Enterprise companies have managed to avoid the impact of the Great Resignation, at least so far. The Washington Post reports that while the economy’s overall quit rate has hit record levels, it’s...
Transcript Mark: Welcome to PeopleTech, the podcast of the HCM Technology Report. I'm Mark Feffer. Recently, I heard someone say that workers will define the future of work. That's an interesting notion, especially when so many workers feel empowered to jump from their current jobs, even if they don't...
UKG said total revenue for its fiscal fourth quarter increased to $872 million while full-year revenue rose 10% to $3.26 billion. Subscription revenue grew 19% for the quarter and 17% year over year. Earnings before interest, tax, depreciation and amortization (EBITDA) for the year grew to $801 million. Noting the...