The contingent workforce has made greater inroads into the
global economy than most people recognize, and the attitude of workers
themselves hints that they, as well as businesses, are changing the way they
view their relationship.
A report by the ADP Research Institute said technology’s
advance is transforming why, where and when people work...
While nearly three-quarters of employers plan
to increase their spending on HR technology during 2020, corporate leaders and managers
differ on where workforce tools offer the most value.
PwC said 74 percent of the organizations involved in this year’s HR Technology Survey will spend more on HR tech this year. While...
Cornerstone OnDemand will acquire the talent
experience solutions provider Saba Software in a cash and stock transaction
valued at nearly $1.4 billion.
The acquisition gives Cornerstone an “an expanded reach and ability to help a larger, diverse group of clients realize the potential of their people,” the company said. Once the merger’s...
Our weekly roundup of deals, product announcements and other HR technology news.
AllyO said annual recurring
revenue more than tripled during 2019, and that 97 percent of its customers
renewed their contracts. The company’s customer base nearly doubled, as did
each one’s annual spend. AllyO said it’s helped employers connect with
3.2 million candidates...
Updated
Ultimate Software and Kronos, both controlled by the private equity firm Hellman & Friedman, will merge to form a single HR technology provider with $3 billion in revenue, more than 12,000 employees world-wide, and an enterprise value of $22 billion.
The new company plans to add 3,000 employees...
Performance management platform Betterworks acquired
Hyphen, a San Francisco-based company that provides tools for employee
listening and engagement. Terms weren’t disclosed.
By combining its performance management solutions
with Hyphen’s listening capabilities, Betterworks said it’s melding business
and HR processes that have traditionally been separate. The result will be “an integrated,
data-driven continuous approach to both...
WorkJam, a provider of workforce management
tools, said it acquired the on-demand staffing platform Forge. It’s the company’s
second acquisition in the last 18 months.
The previous acquisition was of Peerio Technologies, a provider of employee communication software with secure messaging and file-sharing technology. That transaction closed in January 2019. At the...
Ethics will move to the center of HR technology discussion
during 2020, with “the first conversations” beginning around the idea that “every
HR department needs an ethics organization,” said John Sumser, principal
analyst at HRExaminer.
“Every HR department needs an ethics organization because we’re going to be installing tools in our companies without...
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,...
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...
