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Performance management platform 15Five acquired employee engagement software provider Emplify for $50 million. With the acquisition, 15Five’s team will grow by more than 30%. The company now has a customer base of over 2,800, including Spotify, Hubspot, Peloton, Credit Karma, and Siemens.
Salary.com secured $67 million in a financing round led by Accel-KKR Credit Partners, Centre Lane, and Wells Fargo Capital Finance. The money will be used to accelerate development and expand hiring at the compensation management company.This week in HR techology: @15Five acquires Emplify for $50 million, @Salary .com adds $60 million+ in funding, and more. Click To Tweet
CarltonOne Engagement launched Evergrow, an engagement solution that boosts recognition, performance, wellness and teamwork. The product includes a performance recognition engine, personalized rewards, a fitness tracker to promote wellness and surveys, training and feedback tools.
Finnish talent acquisition startup Jobilla closed a €2.16 million funding round led by Trind VC. Some €700,000 was raised as loans and governmental grants. The investment will be used for further expansion in Germany, Austria, the Netherlands and the U.S. Also, the capital will help further develop the company’s candidate filtering. Jobilla leverages marketing practices and modern recruitment tools to connect companies with passive candidates.
Phenom launched Customer Onboarding and Readiness Experience, or CORE, which it calls a new approach for enterprise software adoption and customer success. The company calls CORE “ a fundamental divergence” from the traditional, templated approaches that focuses on implementation rather than support. It said CORE changes over time to meet organizations’ evolving HR infrastructure and talent goals.
Lone Wolf Technologies unveiled Recruit, a recruiting solution designed to help brokers find talent that fits well with their brokerage. Recruit lets brokers create custom search profiles based on the traits of their best agents, then taps more than 30 industry-specific metrics to calculate a “Fit Score” for each agent. That helps brokers more accurately identify and recruit agents.
The U.S. job switching rate declined 2 percentage points since the start of the pandemic in March 2020, while wages for U.S. workers grew 5.9% over the last year, increasing the average wage level by $1.71 to $30.84 an hour according, to the ADP Research Institute’s Workforce Vitality Report. Employment growth continued its downward slide by -7.0%. The average wage growth is higher than expected as a result of significant job losses among low wage earners, which increased the average.
Last Week’s Top Stories
Oracle Launches Low-Code Journeys to Personalize HR
Oracle extended its approach to guided employee actions within Oracle Fusion Cloud HCM with the launch of Journeys, a platform HR can use to create and deliver customized workflows to address personal and workplace tasks. Read more.
Alight’s New Platform Focused on Data, Personalization
Alight Solutions launched a new enterprise platform designed to facilitate more personalized interactions with employees. The platform engages employees with personalized information, presented at the moment they need it. Read more.
Phenom Receives $100 Million Investment, Looks Toward Recovery
Phenom announced a $100 million Series D investment round that the company will use to further develop its Talent Experience Management platform. The round was led B Capital Group with Dragoneer Investment Group, OMERS Growth Equity and GoldenArc Capital also participating. Read more.
Podcast: Reimagining Apps, Workforce Management and Shift Workers
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