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.

Recruitment process outsourcing firm Job Mobz agreed to acquire “key intellectual property” from Recruiter.com. While the full details were not disclosed, the acquisition involves the transfer of crucial assets, including Recruiter.com's domain name, under a three-year services agreement. Both companies are set to share quarterly profits starting in the...
Companies Rush to Harness the Power of AI, Despite Challenges
Many businesses are eager to find ways to tap into the power of generative AI, according to the New York Times. As a result, tech companies are racing to create and sell products that incorporate generative AI to their enterprise customers. The New York Times found that in the last...
Around 25% of IT professionals are seriously contemplating leaving their current jobs within the next six months, according to research from Ivanti. The study found that the key factor for IT turnover is the added stress of hybrid and remote working, namely the lack of resources, tools and support...
ZipRecruiter and UKG partnered with the goal of supporting enterprise hiring. The companies said the partnership will include an integration that will accelerate the time-to-hire and improve the quality of candidates in the pipeline. The integration will give UKG customers access to ZipRecruiter’s marketplace and application process solution. It will...
Fifty-two percent of executives said they are unable make “critical” workplace decisions because of a lack of data, according to a recent report from Envoy. The research found that 80% of the same executives would have approached their return to office (RTO) initiatives and policies differently if they had...
Our weekly roundup of deals, product announcements and other HR technology news. VirgilHR, an HR compliance tech company, released an onboarding tool that helps businesses to classify employees as exempt or non-exempt. Using the software platform's smart chatbot, HR professionals submit a role, then answer a series of diagnostic questions...
In search of the most effective tech tools for boosting employee engagement, we posed this question to a diverse group of leaders from CEOs to employee engagement specialists. From enhancing communication with Slack to addressing engagement issues with SurveyMonkey, discover the top tech tools that have revolutionized employee engagement...
Our weekly roundup of deals, product announcements and other HR technology news. ADP acquired Sora, a low-code workflow automation and data integration tool that unifies disparate business applications. Through the acquisition, ADP aims to provide users with the ability to build and iterate on existing workflows, automating processes including communication...
Transcript Mark:Welcome to PeopleTech, the podcast of the HCM Technology Report. I'm Mark Feffer.Joining me today is William Tincup, the president and editor-at-large of RecruitingDaily. Mergers and acquisitions are an important dynamic in the world of HCM technology, but when a deal happens, we tend to pay the...
More numbers predicting a healthy expansion for the HCM technology business. A report from Verified Market Research predicts the market for HCM software will grow at a CAGR of some 38% between 2023 and 2030, from $22 billion at the beginning of the period to $207 billion at the...