Roundup: Career Growth Boosts Retention; Randstad Wades Into Earned Pay

News Roundup

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

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Some 88% of employees would stay at a job longer if there were career development opportunities, according to a survey by Lighthouse Research and Advisory. The survey also found that high performing companies are 30% more likely to emphasize the importance of talent mobility so that everyone takes an active role in career development responsibilities.

Randstad USA is partnering with earned wage access provider Instant Financial to offer employees the option of real-time, on-demand access to same-day wages. The company claims its PayMyWay solution will help ​​reduce absenteeism and increase the number of job applicants.

In this week's #HRTech Roundup: Career development programs boost retention, @RandstadUSA partners on earned wage access. #HR Share on X

Radancy said it will acquire Firstbird, a SaaS-based provider of employee referral programs. Based in Austria, Firstbird offers a software solution to digitize and streamline the employee referral process. The acquisition is expected to close during 2022’s first quarter. It will combine Firstbird’s referral technology with Radancy’s unified talent acquisition platform. 

Fountain acquired Koan, an OKR (objectives and key results) solutions provider. The acquisition builds on Fountain’s current hiring solutions and will enable continued growth and innovation, the company said.

GoCoach announced GoCoach Learning for Everyone,  or L4E, a new offering aimed at ensuring employees have access to upskilling through the GoCoach learning experience platform and marketplace. The company said GoCoach is the first offering of its kind in corporate learning and development. With it, businesses can immediately get unlimited access for all of their employees to upskilling programs.

Forwrd, a provider of predictive analytics aimed at guiding business decision-making, said it has secured $3.5 million in seed funding to transform non-technical frontline employees into data-driven decision makers. The funding round was led by Angular Ventures, and will be used to increase the size of the company’s R&D team and kick-start its go-to-market efforts.

Recruitment automation platform Kula announced $2.7 million in funding from Venture Highway, Together Fund and Global Founders Capital. The company automates candidate outreach and engagement, and provides automated nudges through multiple channels and touchpoints once job seekers have been contacted. 

Trusaic, a regulatory compliance software company specializing in pay equity analytics, joined the UKG Connect Technology Partner Program. The company’s pay equity, diversity and inclusion platform – called PayParity – helps organizations create a more equitable workforce through analytics and tracking for ongoing monitoring. With the collaboration, organizations that already utilize Trusaic and UKG Pro will be able to experience a fast integration process with same-day setup and quicker, more accurate data retrieval.  

Jabord, a recruiting and branding platform, launched a new company page product that uses digital content to engage and inform prospective candidates as they conduct research on a prospective employer. The product consolidates a firm’s digital library of content across all channels including Facebook, YouTube, LinkedIn and the corporate website to deliver a single access point for all content, job opportunities and social feeds.

Last Week’s Top Stories

Imagining a ‘Digital Front Door” for the Hybrid Workforce

To ensure that all employees have consistent access to information, support and growth opportunities, companies are rethinking, redesigning and revamping their systems and processes with a hybrid-first, employee-centric mindset. Read more.

Workers Care More About Flexibility than Schlepping to the Office

Workers are more interested in nailing down flexible schedules than they are in hybrid-office arrangements. A Future Forum report said 95% of the workers surveyed want flexible hours, compared to 78% who want “location flexibility.” Read more.

Great Resignation’s Roots Lie in Pay, Burnout

The learning company Cengage Group found that while the Covid-19 pandemic put pressure on millions, its accompanying disruption provided workers with an opportunity to evaluate and assess their priorities and career options. Read more.

Podcast: PayActiv and the Impact of Earned Wage Access

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