Roundup: Cappfinity Expands VR Experience; Tech Makes HR More Efficient

News Roundup

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

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Cappfinity announced a newly expanded suite of immersive virtual reality experiences designed to help talent acquisition leaders recruit and retain strong candidates. The new experiences are the latest addition to Cappfinity’s suite of recruitment and development solutions that evaluates behaviors and provides role-specific insights.

HR technology tools have helped HR professionals streamline tasks and manage new and ongoing responsibilities more efficiently, helping to alleviate some of this burden of managing remote work. Research by Paychex shows that half of HR professionals believe HR software and technology have helped boost their company’s efficiency, while 40% of HR leaders say they’ve made it easier to manage payroll and benefits administration. Meanwhile, some 50% of HR professionals said hiring, onboarding and retention were the least effective HR activities.

In this week's #HRTech roundup: Cappfinity launches expanded suite of immersive virtual reality experiences; how tech streamlines HR's work, and more. #HR Share on X

The career platform Guild announced a $175 million Series F financing round. The round will accelerate Guild’s ability to capitalize on momentum expanding into dynamic, in-demand sectors — furthering its mission of unlocking life-changing opportunities for America’s workforce.

Gloat announced a $90 million Series D round led by Generation Investment Management. The funding positions Gloat to rapidly accelerate the evolution of a talent ecosystem that can ride waves of economic growth or adapt to market disruptions. Over the last several years, the company has developed a workforce agility platform by combining an AI-powered talent marketplace with workforce intelligence.

SkillPointe, a marketplace designed to help solve the country’s skilled worker shortage, closed a $2.25 million Series B-3 financing round. The Presidio Group, an investment bank to the automotive retail and consumer mobility sectors, served as financial advisor to SkillPointe during the transaction.

Alight Solutions launched Alight Digital Wallet, an app-based solution that will help organizations assist their people in meeting unique financial needs and improve their financial wellbeing. The product introduces two payment options: The pay card, which offers an alternative to a physical check or direct deposit, and earned wage, which allows employees to access a part of their earned wages or salary ahead of payday.  

The SkillUp Coalition, a national collaboration of nonprofits, training providers and employers, launched a re-designed platform to better support American workers on their upskilling journeys. This includes a fully updated training program catalog, local and national employer connections to jobs offering on-the-job training, and free weekly career coaching. The new user experience includes a focus on in-demand gateway jobs, for example, jobs that are attainable without a four-year degree, pay a good wage and unlock paths to high growth careers.

GR8 People unveiled a new identity and market positioning. The company said the “strategic expansion of GR8 People’s talent platform capabilities are in direct response to the greatest workplace disruption in generations. Record breaking job openings, candidate expectations, the Great Resignation and changing ways of work have left organizations with shrinking talent pools, countless unfilled position, and obsolete legacy software,” GR8 People argues..

Laddrr, a platform that reimagines the landscape for working women, announced its launch. Laddrr will be a resource hub for planning and managing both children and careers. Laddrr also brings together learning from parents at different stages as well as experts and partner organizations.

WorkGenius acquired U.S.-based staffing company JBC. The combined company will have close to $100 million in revenue, with EBITDA in the high teens and more than 250 employees. The company has grown north of 50% YoY, driven by a tenured team, unique technology product, strong trends of digitalization in the human capital space and a shift to flexible workforce models.

Globalization Partners announced global availability of G-P Recruit, G-P Contractor and G-P API. They’re designed to help companies find and hire talent as quickly and easily as they would hire talent locally.

Last Week’s Top Stories

Lagging Technology Encourages 25% of Workers to Quit

Research by Ivanti, an automation platform, found that 62% of the C-Suite prioritizes profitability over employee experience. Read more.

Cornerstone OnDemand Acquires SumTotal

Digital learning platform provider Skillsoft agreed to sell its SumTotal business to Cornerstone OnDemand for approximately $200 million in cash. Read more.

10 HR Tech Startups Ready To Make a Splash

We asked HR leaders and CEOs to name their best picks. From Cleary to Skilltype, they found several compelling companies you should keep an eye on. Read more.

Podcast: Cadient CEO Jim Buchanan Talks About Diversity and High-Volume Hiring

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