This week’s roundup of deals, product announcements and other news from the HCM technology community.
Dice and ClearanceJobs parent DHI Group reported revenues of $38 million from tech-focused products during 2018’s fourth quarter, unchanged from the year-ago period. Dice revenue was down 4 percent, to $24 million, though the company noted this was the third consecutive quarter in which the decrease narrowed. DHI also said the number of Dice recruitment packages stabilized at 6,200. President and CEO Art Zeile said the results represent “an important inflection point in our business.”
Monster is reducing its workforce by about 5 percent, Joel Cheesman reported in ERE. Unnamed sources said the layoffs impacted a range of departments including Customer Support and Sales. Cheesman also said Greg Avallone, vice president of enterprise sales, was among those leaving the company.
This is interesting: Assessment and video interviewing firm HireVue created has an advisory board to help guide ethical AI development and to advise the company on issues of diversity and inclusion, algorithmic bias and data security and privacy. HireVue said it’s the first AI developer in the HCM tech space to do so.
Phenom People announced Phenom Bot and Phenom Bot Plus, real-time candidate messaging solutions designed to engage both active and passive job seekers. The products allow talent acquisition teams to provide increased personalization through bot technology while automating qualification processes, interview scheduling and answering candidates’ frequently asked questions.
Shiftgig launched Deploy, a platform meant to help staffing firms redeploy workers while streamlining operations and client self-service ordering. Deploy’s algorithm helps match available workers with roles that fit their skills, work history, location and preferences. The product “is built to empower workers by offering them flexibility and choice while enabling staffing firms to manage and redeploy their workforce in a scalable way,” said Shiftgig CEO Rick Bowman.
Recruiting systems provider JazzHR unveiled an integration with ADP Marketplace. Available for RUN Powered by ADP, ADP Workforce Now and ADP TotalSource, the integration is will boost productivity for ADP/JazzHR customers by eliminating manual entry and data errors.
Peanut Butter’s student loan assistance programs are also now available through ADP’s Marketplace. The product helps employees manage their student loans and simplifies company contributions to employees’ repayment efforts.
Epicor launched a new version of its HCM solution. The product supports core HR management, benefits administration and workforce planning, as well as onboarding and performance management. The company said the new version offers a cleaner interface, security enhancements and an absence point system.
Learning platform provider Intrepid now includes collaborative workspace functionality. The product’s latest release allows groups to share ideas and needs, establish mutual accountability and peer-review, and also create engagement and community. Groups of learners can use the platform’s workspace feature to collaborate on projects and resolve challenges while they’re learning, the company said.
ThinkHR, a provider of HR risk-management solutions, launched a technology-powered people risk management suite. The product provides employers with a combination of content, best practices and access to ThinkHR’s advisory team.
SmartRecruiters said it grew its enterprise customer base by 100 percent last year. New or expanded customers include LinkedIn, Twitter, Bosch and Visa.
More Earnings News
Ceridian said revenue from its Dayforce platform increased 34 percent, to $122.6 million, during the fourth quarter. Dayforce served about 3,700 customers at the end of the period, 717 more than it did a year earlier. For the full year, revenue rose 38.5 percent to $443 million.
Kronos’s annual recurring revenue bookings increased 24 percent during the first quarter of fiscal 2019. Total revenue approached $350 million, and essentially all new customers are opting for cloud solutions, the company said. Subscription revenue, now Kronos’s largest revenue stream, grew 25 percent during the quarter.
Paycom said it earned total revenues of $150.3 million during the fourth quarter, a 32 percent increase from the previous year. Recurring revenues of $147.9 million also represented a 32 percent rise. For the year, Paycom’s revenue was $566.3 million, a 31 percent increase.
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