Roundup: HR Analytics Market Grows; Lattice Strengthens Goal-Setting

HR Technology News Screens

Our weekly roundup of deals, product announcements and other HR technology news.

The HR analytics market will grow to $3.6 billion by 2024, a CAGR of 13.7 percent, according to researcher MarketsandMarkets. Its report said increasing demand to automate HR processes, scale  HR personnel efforts with the aid of advanced technologies and improve workforce engagement efforts are some of the major factors driving the growth.

Lattice is reintroducing Lattice Goals to optimize goal-setting “for engaged, high-performing teams.” The release reintroduces Cascading Goals to help align organization and workforce goals, added Goal Cycles, a that brings structure and organization to the goal-setting and visualizations to help track goals at every level of the organization.

In this week's #HRTech update: HR analytics market keeps growing; @LatticeHQ reintroduces Goals module. #HR #HRTribe Click To Tweet

Greenhouse, which develops recruiting and onboarding software products, announced strengthened integrations with the HR platform Namely and recruiting platform Gem. The integrations will support automation and connectivity across its suite, the company said.

Talent-engagement platform SmashFly and referral solution Aliro will integrate AliroVets—an initiative that supports transitioning service members, veterans and their spouses—into Smashfly’s platform. Aliro’s product matches referrers and candidates with relevant job opportunities.

BetterUp closed a $103 million Series C round. The financing, which brings the company’s total funds raised to more than $142 million, will be used for international expansion, hiring of new employees and coaches, and development of new products and services. It was led by Lightspeed Venture Partners.

Ultimate Software promoted Chief Technology Officer Adam Rogers into the role of co-CEO, joining Scott Scherr in the company’s top spot. At the same time, Chief Services Officer Julie Dodd was appointed COO, reporting to Rogers. Rogers joined Ultimate in 1997 and became CTO 100 years later. Dodd became CSO in 2003, and previously held leadership positions in the company’s mid-market services, operations and product strategy areas.

Pymetrics appointed Bob Toohey to be the company’s president. He’ll report to founder and CEO Frida Polli and oversee the company’s global business operations. Previously, Toohey was chief people officer for Verizon Media. In addition, the company said Josh Bersin will join its advisory board.  

HMS Software launched TimeControl 8, an automated time sheet system that provides supervisors with a real-time view of their resources to allow for more efficient time-management operations. In addition, new functionality has been incorporated into the TimeControl mobile app’s UI.

Financial-wellness platform BrightPlan added features designed to encourage smarter financial planning and decision-making by employees. The enhancements includes personalized 401(k) recommendations, analysis of all linked investment accounts and a spending analysis feature.

Enterprise recruitment software provider SmartRecruiters announced a collaboration that integrate the matching engine Job.com into its SaaS solution. The integration will allow SmartRecruiters’ customers to use the Job.com platform to source, track and hire, with successful candidates receiving a 5 percent signing bonus.

Engagement platform Sense launched an automated workflow functionality that helps recruiting marketing and talent acquisition teams create more personalized experiences with candidates, clients and internal teams. Called Journeys, the functionality allows staffing agencies to provide high-touch services candidates without incurring opportunity cost.

​​​​Startup vCandidates.com has expanded its capabilities to support diversity initiatives by small and medium-sized recruiting businesses by partnering with TalVista, whose software is designed to help remove bias throughout the hiring process.

PEO and HR services provider Justworks signed a long-term lease for 270,000 square feet in Manhattan, more than doubling its footprint. The company expects to move during 2020’s second half. Currently, it occupies 99,000 square feet, up from its original 60,000 in 2018.

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