This week’s roundup of deals, product announcements and other news from the HCM technology community.
Facebook, Google and Microsoft are moving deeper into the HR technology market, reports SHRM. The results could include faster consumerization of HR tech and increased competition as HR leaders find themselves with more solutions to choose from.
Bullhorn launched a middle-office suite that fully integrates time and expense, invoicing, gross margin calculation and billing functionality with its front office solution in a single cloud-based system. Bullhorn said the suite allows it to become “the single source of truth” for departments across the organization and helps staffing firms operate more efficiently.
Graduate programs in HR analytics are becoming increasingly common, reports HR Executive. Most programs have put significant portions online to make them simpler to access by students with full-time jobs.
Reward Gateway will integrate BambooHR’s HRIS so that HR administrators can sync data between the two systems. The result will be cleaner, up-to-date information as well a single sign-on process.
Continuous performance management solutions provider Betterworks launched Program Insights, an integrated suite of people analytics tools. The new functionality allows HR leaders to review actionable insights from the data generated by their organization’s performance management program.
ADURO, a performance management firm, announced $22 million in growth funding from private equity investor Abry Partners. It also expanded its leadership team by hiring Bruce Bourne as CFO Barbara Fisher as chief operating and people officer.
ClockShark, a time-tracking and scheduling tool for local construction, field service and franchises, released a new paid-time off software and mobile app, ClockShark PTO. The product helps employers create and manage vacation and sick leave policies. Employees can see their earned time and request a full or partial day off from the mobile app.
Wurk, the first company to develop HCM systems the cannabis industry, raised $11 million in a funding round led by returning investors Poseidon Asset Management and Arcadian Fund. The company will use the investment to improve its client experience and expand its platform. The company said it will also implement an analytics engine aimed at helping employers use benchmarks to increase operating efficiencies.
Talent Plus unveiled Operational Manager Talent Online Assessment, which is intended to identify top-performing middle management.
HR and benefits platform GoCo raised $7 million in a Series A round led by ATX Seed Ventures and the investment arm of SMB solutions provider UpCurve. The capital will be used to hire across all departments and further platform development to extend GoCo’s offerings and expand the company’s customer base.
Workforce analytics firm TrenData has entered strategic partnership with Impact Workforce Technology, a vendor management system for enterprise and staffing organizations. IWT will integrate TrenData’s analytics into its Clarity VMS solution, providing clients with better insight into their contingent workforce, large-volume clients and managed service offerings.
Worth Reading
The New York Times interviews Delta CEO Ed Bastian: “You’ve got to make certain that your employees know that they are the absolute best asset you have. When you go through difficult times, employees can feel like they’re a number, they’re a cost, they’re a means to an end. But no, they are the end themselves.” Full story here.
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