Our weekly roundup of deals, product announcements and other HR technology news.
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Employee wellbeing platform Gympass partnered with Headspace Health, a mindfulness and meditation application. Through the partnership, Headspace will be available as part of Gympass’ suite of wellbeing apps and services. The companies say their collective goal is to “create a happier, healthier and more productive workforce.”
Fifty-two percent of workers would refuse an otherwise attractive job offer if they had a negative experience during the recruitment process, according to a survey from Boston Consulting Group. In addition, 66% said that a smooth, timely process is the number one way for an employer to stand out during recruitment.
LumApps released a new QR code login feature. According to the company, the offering was designed to accelerate adoption and onboarding among frontline and deskless workers. Managers and team leaders can now create a personalized, time-limited QR Code that gives colleagues instant, authenticated access to their LumApps account via mobile, without having to enter an email or password.
As companies look to retain talent in the midst of an uneven post-pandemic recovery, W-2 company Bluecrew said American businesses spend a significant amount of money each year to recruit, employ and retain their hourly workforce. Findings from the company’s report, The True Cost of Recruitment and Employment, show that, on average, the annual turnover rate for hourly workers can be as high as 49%. As inflation drives many workers to look for better paying jobs or ways to supplement their current income, employers may spend more than $6,700 to replace a single worker making $15 per hour.
Gigged.AI secured a £1.6 million seed round led by Par Equity alongside existing investor Techstart Ventures and Nile HQ. The company said the funding will allow it to scale its HR technology, grow its team and continue to partner with new companies.
myInterview said it has closed an $11 million Series A funding round. The investment will allow the company to expand its product offering to meet growing demand for recruiting solutions that help better attract and engage talent at scale.
Employ Inc. appointed Joe Furnari as its chief financial officer. Furnari brings more than 25 years of strategic and financial experience to the position. Most recently he served as vice president of finance at Dynatrace.
Last Week’s Top Stories
Paylocity Will Add Cloudsnap to its Overall Platform
Paylocity announced a full integration of Cloudsnap, a solution for joining disparate business applications, into its broader platform. Cloudsnap’s technology allows Paylocity’s platform to integrate systems that automate data exchanges – a traditionally laborious, manual process for HR teams. The company’s goal is to create a source for employee data that can be leveraged across an entire organization. Read More.
SMBs Seen Increasing Technology Spend in 2023
Small and medium-sized businesses will increase their technology spending during 2023, although not to pre-pandemic levels. The growth could set the stage for the increasing use of HR-related software solutions and funding of post-pandemic digital transformation efforts. The technology research and consulting firm Analysys Mason believes that the 145 million SMBs working around the world today will spend $1.45 trillion on IT over the course of the year. Read More.
Microsoft Collaborates With, Invests in HR Solution Darwinbox
Microsoft and Darwinbox said they’ll collaborate to help global organizations leverage “the right tools to succeed in the evolving world of work.” The companies said the collaboration will include integrations between Darwinbox and the Microsoft product ecosystem, and co-innovation on solutions to enhance employee experience. Read More.
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