Our weekly roundup of deals, product announcements and other HR technology news.
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The U.S. Equal Employment Opportunity Commission launched an initiative to ensure that artificial intelligence and other emerging tools comply with federal civil rights laws when they’re used in hiring and other employment decisions. While acknowledging their potential, “the EEOC is keenly aware that these tools may mask and perpetuate bias or create new discriminatory barriers to jobs,” said EEOC Chair Charlotte A. Burrows. The initiative aims to guide applicants, employees, employers and technology vendors in ensuring these technologies are used fairly and consistently with federal equal employment opportunity laws.
Ceridian acquired substantially all of the assets of DataFuZion HCM, an HCM technology company. The acquired technology includes features for certified payroll reporting, prevailing wage rate calculations, incentive payments, union rate calculations and complex general ledger reporting. Ceridian said the acquisition extends its leadership in industries that often experience complex payroll requirements such as construction, the public sector, government contracting, manufacturing, union and non-profit sectors.In this week's #HRTech news roundup: EEOC kicks off effort to ensure AI complies with federal civil rights laws when used in hiring. #HR Click To Tweet
Digital employee experience management firm ControlUp completed a $100 million funding round co-led by K1 Investment Management and JVP. In the past year, ControlUp said, it has seen 50% revenue growth and 67% growth in enterprise accounts. It also deployed over 1 million new seats globally.
Hirewell received a $21 million investment from Prytek, an investment firm with expertise in integrating global services firms. As part of the investment, Hirewell will acquire ICV, a Tel Aviv-based software company. The combination will unite Hirewell’s recruiting expertise with Prytek’s and ICV’s technical acumen.
Research by InFlight Corporation revealed significant gaps between the expense of attracting candidates and diminishing engagement due to friction in the online application process. The research also uncovered a disconnect between the people designing experiences and those who buy and configure the technology. Even when organizations were smart about including recruitment marketing visual brand elements, the corresponding technology experience wasn’t configured to support a positive user impact and high application completion rates, the company found.
Jump Recruits released a new diversity recruitment talent hub. Building upon existing features, Jump now creates custom pipelines for individuals and businesses and, beyond identifying candidate and career opportunities, acts as a community with shared career development tools, assistance in developing a more inclusive workspace and understanding evolving business capabilities. The platform gives users the ability to create their own profile, identify current opportunities, notify businesses that they’re interested in the company as an employer and take advantage of training, support and career tools.
HiringSolved launched a new release targeting enterprise organizations. The company said it put “additional emphasis” on search and match features as well as data analytics and reporting to help employers source and hire the right talent more quickly.
PDS announced several improvements to its Vista HCM platform. Vista Recruiting now offers additional controls to manage the applicant’s registration process and improve the recruiter’s analysis of recruitment activity. Vista Onboarding offers simplified personalization and better monitoring of the onboarding process. And Vista Benefits has been enhanced to include a new streamlined benefits enrollment experience.
Employers are increasingly replacing their existing payroll systems with technology that moves them toward more rapid calculation and payment methods, according to a report by Alight Solutions. For the first time, cloud-based payroll systems (61%) exceeded on-premise (39%) as the dominant payroll delivery platform. Just more than a quarter of companies (26%) have accelerated digital payroll projects in the past year, while another 62% expect to go through a digital transformation in the next two years.
eqtble announced its diversity talent intelligence platform, designed to help companies understand HR metrics. Working with Claro Analytics, eqtble provides real-time external talent market benchmarking and combines internal HR data with real-time external diversity benchmarking. Eqtble said it’s now the world’s first unified platform to combine internal diversity data with external labor market data
Last Week’s Top Stories
Paycor Launches Predictive Resignation Feature to Help Employers Forecast Turnover
Paycor released new functionality within its Paycor Analytics tool, offering customers predictive analysis to understand employee turnover. Read more.
Oracle Adds Tools to Strengthen Data Use in Fusion Cloud HCM
Oracle added new features to Oracle Fusion Cloud HCM Analytics in a bid to help employers identify blind spots and use data to help keep employees engaged and growing. Read more.
Talent Acquisition Efforts Leave HR Unimpressed
Only 18% of HR professionals describe their company’s talent acquisition function as “top-notch” or “advanced,” according to an HR Research Institute study on the future of talent acquisition. That’s a considerable drop from the 29% found in last year’s report. Read more.
Podcast: DecuSoft’s Bob Laurenzo on What Customers Want from Compensation Software
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