Our weekly roundup of deals, product announcements and other HR technology news.
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Most U.S. workers (76%) believe they should have access to their earned wages at the end of each workday or shift, without having to wait for the traditional payday, according to a study by Ceridian. About 69%, including 71% of workers with an annual household income of $100,000 or more, said that no-cost access to on-demand pay would increase their loyalty to their employer. The majority (71%) also said it would make them feel more valued as an employee.
UKG announced an expanded collaboration with Microsoft meant to enhance the employee technology experience at organizations running on UKG and Microsoft solutions globally. By reducing the need to switch between business applications to complete routine, daily requests and actions, users will spend less time on administrative aspects of their jobs and more time making an impact for themselves and the organization, the companies said.In this week's #HRTech news roundup: American workers prefer on-demand pay, @UKGInc and @Microsoft expand relationship. And more. #HR Click To Tweet
Separately, Betterworks joined the UKG Connect Technology Partner Program, an ecosystem of solution providers working with UKG to provide a simplified and more connected technology experience. Betterworks said its continuous performance management, employee engagement, OKRs and goal setting platform helps achieve better manager-employee communication, heightened collaboration between teams and better job satisfaction and ROI.
ADP updated its RUN payroll platform. The company said the redesign comes at a critical time, as small businesses redefine and rebuild amid the continued impact of the Covid-19 pandemic and economic recovery. The new RUN platform improves ease of use with intelligent search capabilities, a streamlined user interface and personalized dashboard, ADP said.
Direct-sourcing technology firm TalentNet partnered with Glider AI, a talent intelligence platform, to help companies address their need for contingent labor. Through the partnership, customers will realize increased operational efficiencies such as reduced time to hire, quicker placement and an improved candidate experience, the company said.
HR technology firm Diversely, which launched its D&I platform earlier this year, a $550,000 pre-seed round of financing. Diversely aims to provide scalable tools to understand, track, measure and improve the diversity of employer pipelines starting at the sourcing stage. Diversely’s research shows that only 5% of companies are currently able to measure the progress of their pipelines.
Workday said nearly 1,000 organizations are using its Skills Cloud to hire, engage and retain their workforce. In addition, the company is making a packaged solution — skills foundation — available to help customers accelerate their adoption of the Workday skills infrastructure, including Skills Cloud, Talent Marketplace and Career Hub. Skills foundation helps accelerate the adoption of essential elements such as the Skills Cloud ontology, skills inference, skills verification and critical skills.
Last Week’s Top Stories
New Hired Tool Focuses on Diversity in Technology
Hired launched a new sourcing tool, Diversity Goals, that’s designed to provide employers of all sizes with a streamlined process for sourcing and engaging underrepresented technology candidates. Read more.
Degreed, Visier Join to Provide Skills Data to Help L&D
Degreed and Visier have partnered to deliver insights on workforce skills and anticipated future needs. The companies said that, beginning in the fourth quarter, Visier’s analytics engine will be embedded in a new, optional offering inside Degreed’s learning platform. Read more.
Cornerstone OnDemand to go Private as PE Firm Takes Ownership
Cornerstone OnDemand said it will be acquired by the private equity firm Clearlake Capital. Under the terms of their agreement, Clearlake will acquire the outstanding shares of Cornerstone common stock for $57.50 per share in cash. The deal gives Cornerstone an estimated value of approximately $5.2 billion, the company said. Read more.
Podcast: Mobile Health CEO John Halloran
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