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.

HR departments are heads down today as they adapt to the changes wrought by Covid-19. But at some point, employers will look ahead to face a new normal. When they do, early indications are that executives will move cautiously. HR’s front lines are now preoccupied with three challenges: setting up employees to work...
Job boards have begun to feel the coronavirus’s impact on hiring. As employers in most sectors of the economy suspend or slow their hiring plans, several have implemented hiring freezes and at least one, ZipRecruiter, has imposed layoffs. According to media reports, ZipRecruiter began reducing its staff by between 30 and 40 percent...
Our weekly roundup of deals, product announcements and other HR technology news. Paychex reported revenue of $1.1 billion for its fiscal third quarter, which ended Feb. 29, 2020. That’s an increase of 7 percent from the year-ago period. Net income and diluted EPS each increased 9 percent, to $354.5 million...
Nearly a month after the coronavirus forced businesses to shift millions of employees to remote work, North America’s infrastructure is holding up, with some signs of strain. Technology executives have expressed concern about whether local internet nodes can support the increase in traffic being generated from home workspaces. “The infrastructure...
More than two-thirds of U.S. small businesses have felt the coronavirus’s impact on sales, and  nearly as many expect their sales will continue to drop. Specifically, 69 percent of small companies report a large decline in demand because of the COVID-19 pandemic, according to a survey by the software provider Thriv and...
The spread of the coronavirus continues, and employers continue to adapt even though the rules of business and community seem to change every day. Still, even though U.S. Surgeon General Jerome Adams predicts that “this week, it’s going to get bad,” a number of organizations continue to insist workers report to their offices. Speaking...
Our weekly roundup of deals, product announcements and other HR technology news. BestSoftwareReviews said the number of visitors to the its video-interview product software page has increased about 73 percent per week over the last three weeks. In a blog post, the company said searches for “virtual interview platforms” rose 540...
The coronavirus is bound to impact the HR technology business, analysts and industry executives believe. However, where that impact will be felt isn’t yet clear. The situation surrounding the pandemic is changing quickly and constantly, and vendors say they’re focused on supporting customers as HR departments scramble to enable their companies to...
Widespread layoffs have begun across the economy as employers struggle with the impact of business lost because of the coronavirus. According to media reports, more than 1 million workers could lose their jobs by the end of March. Ball State University Economist Michael Hicks told the Washington Post that March could be the...
Technology executives say the coronavirus has had a “devastating” impact on the business-technology supply chain, leaving large employers without thousands of new computers and examining how and when they’ll carry through on plans to distribute new tools and applications to their workforce. The comments were made in an interview held just before the federal...