Our weekly roundup of deals, product announcements and other HR technology news.Paradox
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A U.S. district court judge ordered the diversity-recruiting platform Canvas to stop using the domain name canvas.com, according to media reports. The preliminary injunction was issued after educational software provider Instructure argued Canvas was violating its trademark for canvas, its learning management and portfolio platform. The court said the near-term harm to Instructure outweighs any damage Canvas will face because of rebranding.
LinkedIn is launching an events platform that will list, host and market interactive, virtual live events, reports TechCrunch. Its first launching an audio product, which will be followed by a video product this spring. TechCrunch said LinkedIn plans for its new events product to be an all-virtual service. It will also be free.Canvas ordered to give up domain; @LinkedIn launches an event platform and more. #HR #HRTech Click To Tweet
DailyPay launched a digital wallet solution designed around the needs of employees. DailyPay said it’s the only digital wallet that automatically fills itself every day a user works, reflecting their pay balance in real-time. As long as a user works for a DailyPay customer, their usable balance always grows, “effectively eliminating the traditional payday.”
Background-check and analytics platform Crosschq added Spanish-language capabilities to its flagship Crosschq 360 referencing product. With the launch, both candidates and references can choose Spanish language surveys, giving both the ability to respond in the language of their choice. Later this year, Crosschq plans to increase the number of languages it offers to include Mandarin, Hindi, German and Japanese.
ZipRecruiter said it will offer $500 million aggregate principal amount of its senior notes due 2030 in a private offering. The interest rate, redemption provisions and other terms will be determined by negotiations between ZipRecruiter and the initial purchasers. The company plans to use the proceeds for “general corporate purposes.”
Sequoia launched Dataforest by Sequoia, an online resource for total rewards and people policy benchmarking. It’s designed to help HR leaders measure their workforce programs and practices against industry trends. Dataforest provides a comprehensive set of timely employee experience data in a way that makes it easier to discover and understand insights, the company said.
Snagajob.com closed a senior secured term loan commitment of $65 million with Runway Growth Capital. The company provides loans to both venture and non-venture backed businesses seeking an alternative to raising equity. The loan will enable Snagajob to continue investing in its technology and drive growth from an evolving hourly jobs market.
Last Week’s Top Stories
Year in Review: Employers Scramble as Employees Take Control
As the year turns, it seems like a sure bet that we can discern hints about the future by looking at the past. That’s not simply because existing trends will continue down their anticipated road. Rather, it’s because events over the last two years have impacted a wide range of business efforts – especially within HR and talent acquisition. Read more.
Independent Workforce Expanded Sharply in 2021
The number of people choosing independent work surged to a record-breaking 34% during 2021, jumping from 38.2 million in 2020 to 51.1 million last year. Read more.
Using APIs in Workforce Platforms to Enhance Benefit Carrier Experience
As businesses continue to evolve in the year ahead, how companies engage with talent will remain a critical focus. At the center of that employer and employee engagement is the benefit experience. Read more.
Podcast: Front-Line Technology, Deskless Workers in the Age of Covid
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