This week’s roundup of deals, product announcements and other news from the HCM technology community.
Paychex Flex announced several enhancements to its platform including performance management, workflow approvals, real-time analytics and a configurable events. All are available to employees and administrators through self-service. Paychex said these features are in addition to its LMS, which was in unveiled in September.
Despite the changes roiling the industry, job boards remain one of the leading ways job seekers find work, helping 40 percent of them secure new positions. According to a survey from the business-ratings firm Clutch, nearly 15 percent of candidates use social media. Old-fashioned networking is still effective, with 25 percent saying they networked their way to a new job.
Finding high quality applicants, ensuring employees have necessary skill sets, creating succession plans and increasing engagement are among the most difficult workforce challenges facing employers in 2019, said an XpertHR survey of over 800 HR professionals. The survey found that finding high-quality applicants remains the top, with 64 percent reporting difficulty sourcing top talent.
Recruiting platform AllyO reported “rapid momentum,” during 2018. The company saw a 250-percent year-on-year increase in enterprise clients and released several new features, including an integration with WhatsApp Business. The company also added 70 employees to its team, including Business Strategy & Operations chief Shobhit Gupta, Nick Possley to run Data Products & Engineering, David Bernstein to oversee partnerships and Bennett Sung to oversee Marketing.
WalkMe launched a new WalkMe Powered product for SaaS companies. The solution allows SaaS product teams to report platform usage levels so customers can understand how to increase adoption and improve a product’s effectiveness.
Skyline Group integrated machine learning into its C4X leadership development platform. According to the company, machine learning will provide a greater curated experience for users and additional data and reporting for employers. In addition, it will advance C4X’s personalized email microlearning capabilities, delivering content to users when and where it’s needed.
Heidrick & Struggles announced an exclusive collaboration with Business Talent Group, a “high-end marketplace” for on-demand talent. Under the agreement, Heidrick & Struggles will offer clients easy access to BTG’s pool of independent business professionals when they’re needed for project-based assignments.
OutMatch, a predictive talent and culture analytics firm, acquired Wepow, a video interviewing solutions company. Adding Wepow’s technology will strengthen OutMatch’s platform of predictive talent solutions, the company said.
JobzMall launched what it calls a “first-of-its-kind career community” this month to connect younger job seekers and employers. In 2018, the company launched a public beta in Southern California and has added new features since then. The “uniquely visual platform” attracted more than 100,000 active job seekers and 500 organizations, said the company, which has partnered with 25 universities.
European HCM software provider TalentSoft closed a $50 million funding. Francisco Partners leads the new investment. Also participating are existing investors Bpifrance and Goldman. The funds will be used to accelerate the company’s growth through new product development and international expansion.
Workforce Logiq filed for two patents on market-rate benchmarking analytics for staff augmentation and statement of work (SOW) hiring. Both automated tools are available through the company’s vendor management system. They use a proprietary algorithm to combine Workforce Logiq information with third-party data to calculate and benchmark actual versus market compensation rates.
Talent platform GR8 People opened a new corporate headquarters in Yardley, Pa., not far from its previous location in Newtown. Following global expansion and a strong financial year, the company increased headcount by 40 percent and continues to add new key roles.
Information Services Group will host its Future Workplace Summit March 18–19 at The Westin New York at Times Square. The event will explore the shifting boundaries between the physical and digital workplace and how AI and other technologies are creating opportunities for differently skilled workers. Details here.
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