Our weekly roundup of deals, product announcements and other HR technology news.
HireClix launched the Employer Brand Network to help enterprise-level organizations activate, scale and optimize their employer branding campaigns. The technology-enabled solution leverages consumer advertising strategies in order to help talent acquisition teams extend their employer brand’s visibility. The network helps employers target audiences and engage with candidates before, during and after they initiate their job search.
Employers have just 44 days on average to convince new hires to stay, found research from BambooHR. The survey said 70% of new hires decide if a new job is right for them within the first month, with 29% saying they know within the first week. Some 44% of new employees have regrets or second thoughts about their new role within the first seven days. The study said new hires value workplace friendships more than meeting the CEO. About 87% hope to make a friend at work and 93% want to shadow a colleague.
Candidate experience analytics platforms Starred and TalentHub will merge. By joining forces, the companies said, they will be able to expand product offerings to provide employers with actionable data. The merger will double the companies’ data sets, allowing them to offer deeper insights and accelerate product development. For now, the companies will operate as separate brands.
Workhuman partnered with Microsoft Teams to launch a new app in the Teams app store. According to the company, this will give an organization’s employees full access to Workhuman’s employee recognition features.
Operations management software provider Jobber integrated with Gusto. With the integration, users can automatically sync timesheets and reimbursable expenses from Jobber to Gusto, ensuring accurate, on-time and compliant payroll, the company said.
ZayZoon raised $34.5 million in debt and equity for its Series B financing. The round was led by Framework Venture Partners, with co-investment from Export Development Canada (EDC) and participation from ATB Financial as well as existing shareholders.
Leadership development platform Monark closed a $1.5 million seed financing round. The round was led by Storytime Capital, with participation from The51, Archangel and UCeed. The company said the new funding will help with strategic marketing efforts and product development, including AI/ML integrations and gamification features, as well as expansion into the U.S. market.
Eightfold AI announced the appointment of former Workday Co-CEO Chano Fernandez as co-chief executive officer.
Glider AI promoted Ben Walker to the position of chief operating officer.
Last Week’s Top News
HiBob Closes 3rd $150M Funding Round Since 2021
HiBob secured $150 million in new funding, bringing its total capital raised to $574 million. The company will use the funds for product research and development, expansion into new markets and general operations. The round was led by Farallon Capital and included Alpha Wave Global and existing investors. It brings HiBob’s estimated value to $2.66 billion, up from $2.45 billion last year. Read more.
Lattice Unveils HRIS to Connect Employee Programs With Data
Lattice announced Lattice HRIS, an HR information system that will manage employee records and integrate directly with the company’s existing talent suite of products. The HRIS will be available next year, but companies can join a waitlist for an early-access program. Read more.
Podcast – Bad Behavior: Fama’s Ben Mones on Workplace Misconduct
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