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Cornerstone OnDemand said it will be acquired by the private equity firm Clearlake Capital. Under the terms of their agreement, Clearlake will acquire the outstanding shares of Cornerstone common stock for $57.50 per share in cash. The deal gives Cornerstone an estimated value of approximately $5.2 billion, the company...
Businesses that want to leverage their workforce as a true strategic asset should include contingent workers in their overall strategy. Otherwise, they won’t take advantage of the skills, knowledge and energy that’s come along with their complete talent pool. Organizations that take such a holistic view outperform competitors that follow...
Workforce management platform Lattice said it turned in “breakthrough growth” during 2021’s first half. Employers of all sizes are taking advantage of solutions as they attempt to improve their people practices and experience, the company said. Lattice said it achieved several milestones during the period.  They include In business performance: Lattice...
Transcript Mark Feffer: Welcome to PeopleTech, the podcast of the HCM Technology Report. I'm Mark Feffer. My guest today is Mark Vickers. He's the Chief Research Analyst and Data Wrangler at the HR.com Research Institute. He oversees and edits the primary research that HR.com conducts on its own and with...
Transcript Mark Feffer: Welcome to PeopleTech, the podcast of the HCM Technology Report. I’m Mark Feffer. My guest today is Jeanniey Walden, the chief innovation and marketing officer at DailyPay. The company’s known for its leadership in on-demand pay, but now it’s looking at other areas where it can apply its...
Outmatch acquired Amsterdam-based Harver, a provider of volume-hiring software. The company said Harver’s platform complements the assessments, video interviewing and reference-checking of Outmatch’s Hiring Experience Stack. The combination will allow employers to make more informed, more efficient hires. The combination of capabilities will “form a solution that disrupts the pre-hire technology...
The effects of working from home during Covid-19 is impacting the way a number of American workers look at the job market. Beamery’s Talent Index found that more than half of Americans, 59%, are mulling the idea of quitting their jobs during 2021. Of those, 71% are examining their options...
HireVue launched HireVue Builder, a tool that helps hiring teams create structured interviews based on predetermined key skills for a particular role. By identifying the job and level, HireVue Builder automatically suggests job-related competencies, relevant interview questions and evaluation criteria. The product can be used across industries. Structured interviews focus on...
Oracle updated Oracle Fusion Cloud HCM’s Employee Care Package as businesses begin planning the reopening of their workplaces post-Covid-19. The updates include new testing and vaccine-tracking capabilities, as well as automated guidance for employees returning on-site. The features are packaged as a Return to the Workplace Journey, which is Oracle’s...
Facebook is shutting down its free plan for Workplace from Facebook as of February 10. In a blog post, Vice President and Head of Workplace Karandeep Anand said the company wants to prioritize and focus on delivering Workplace's vision of developing a sense of community within businesses. "This change will...