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.

Oyster, a remote-work automation company that helps companies manage their remote workforce, completed the acquisition of cross-border hiring system Carrom. Terms weren’t disclosed, but Oyster said Sooraj Chandran, Carrom’s founder and CEO, will lead Oyster’s product team and “accelerate” the company’s expansion. The company says its mission is to “reduce...
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 in response to the pandemic, a...
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 recent surveys—one from outsourcing firm Yoh...
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 worked has grown about 3.1 percent...
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 investments in other companies—it’s a venture...
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 have made...
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 we recover...
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 addition to Paychex options including pay-on-demand,...
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 in the billions. The product’s meant...
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. Paradox positions its technology as a...