Workforce Management

New products and methodologies that help companies manage both full-time employees and independent contractors, and why they may need to meld the often-competing concerns of HR and Procurement as contingent workers take on a greater role in executing business strategy. Here’s where we also look at trends related to workforce dynamics and the products that address them.

Ceridian unveiled a number of new features aimed at retail employers, a sector in which it’s been increasingly active. The enhancements include: Machine Learning-Based Forecasting is intended to improve managers’ decision-making and optimize workforce allocation by forecasting labor requirements down to 15-minute increments and become more precise over time. Shift Marketplace,...
In a move to help employers address wage gaps, beqom acquired PayAnalytics, which calls itself a pay and workplace equity software provider. With PayAnalytics’ technology, beqom users can analyze pay for gender and other forms of demographic fairness, and take action to resolve challenges. Terms of the agreement were not...
Namely launched its newest bundle for small businesses, a starter solution called Namely Now. Priced at $9 per employee per month, Namely Now is a self-contained package that can be implemented in three weeks. Namely positioned the platform as being ideal for businesses that want to start or streamline their...
Visier sees the employer’s view of people analytics as expanding from a specialized discipline within HR to a pervasive data strategy where workforce insights inform virtually every one of a company’s people-related decisions and workflows. Since October’s HR Technology Conference, Visier has pursued the idea of Systemic HR, which connects...
Paycor added workforce management tools that allow businesses to oversee independent contractors, seasonal workers and volunteers, along with their full-time employees. The idea is to simplify management by consolidating the entire workforce within in a single platform. The launch is a step toward addressing the back-end requirements of non-traditional work...
Paylocity acquired TraceHQ.com, a platform that facilitates oversight of both workforce-management and financial functions in one place. Trace helps enable back-office activities related to managing headcount and procurement, minimizing the “back-office drag” that affects general and administrative costs. Trace’s headcount-planning capabilities will add the integrations and workflow tools that enable...
TalentGuard enhanced its WorkGPT platform with two new tools, Skill Builder and Skill-Based Learning Link Builder. WorkforceGPT Skill Builder generates technical, leadership and soft skills from scratch, including definitions and behavioral indicators across four proficiency levels. The tool allows organizations to customize and expand their skill libraries and encourage a...
Nearly three-quarters of HR professionals, 72%, say people challenges and talent gaps are the biggest obstacles they currently face. Just 35% believe their people-management functions use relevant digital technologies, and only 30% agree that HR is using data and analytics to anticipate people challenges. The findings were included in a...
Accenture and Workday expanded their partnership to help organizations make better use of the skills present within their workforce, identify the skills needed for future growth and uncover reskilling opportunities. The collaboration includes new offerings that leverage Workday’s Skills Cloud and Accenture’s skill proficiency calculator to consolidate skills analysis, insights...
Frontline technology solutions providers anticipate significant growth over the next year, with 69% projecting more than 31% growth in 2024, according to a study from RedThread Research. In addition, 46% of all vendors have received some kind of investment since June 2022. That’s during a time when venture capital...