Our weekly roundup of deals, product announcements and other HR technology news.
Kronos and Ultimate Software completed their merger, creating an HR technology company with $3 billion in revenue and 12,000 employees. Kronos CEO Aron Ain leads the new organization, which will reportedly add 6,000 employees over the next six years. Industry analysts say the merger plays to each business’s strengths, and that together their products touch nearly every component of workforce and human capital management.
Deputy launched its Workforce Management Toolkit. In its initial version, the suite includes four products: Touchless Clock-In, Video for Newsfeed, Labor Optimization and Pay by Area. Head of Product Deepesh Banerji said the suite’s solutions are “timely” in this time of coronavirus because they support enhanced (and hygenic) clock-in, communications, flexibility and cost tracking.
In this week's #HRTech roundup: Ultimate, Kronos conclude merger; Vendors launch solutions to help employers cope with #COVID-19. And more. #HR #HRTribe Click To TweetEightfold.ai and the Food Industry Association launched the Eightfold Talent Exchange, a marketplace that facilitates the hiring of industry workers whose jobs have been affected by the COVID-19 pandemic. The platform acts as a bridge between organizations that need to quickly hire and others with employees who’ve been furloughed or laid off.
WorkJam closed a $50 million Series C round led by Canadian venture capital firm Inovia Capital. The company will use the funding to continue product development, expansion and seek acquisitions. Workjam provides deskless workers with scheduling capabilities, an open shift marketplace, task management and communication.
Justworks introduced a tool to help customers navigate COVID-19-related paid leave policies mandated by the Families First Coronavirus Response Act, which went into effect April 1. The tool helps employers schedule and provide paid leave to impacted employees, and automatically claim applicable tax credits directly on the Justworks platform
SAP partner iXerv launched a free extension for SuccessFactors intended to help employers track and manage their workforce’s health during the coronavirus pandemic. The extension includes tools that allow employees to maintain health and travel data, as well as health-related regulatory information.
Accurate Background President and COO Tim Dowd will become CEO on June 1. Founder and current CEO Dave Dickerson will become executive chairman.
Last Week’s Top Stories
Rizing Launches COVID-19 Configuration for SuccessFactors
A growing number of HR technology companies have added features or opened up content designed to help employers, customers or not, navigate the COVID-19 pandemic. Two new initiatives seek to help employers understand how the virus is impacting their workforce. Read more.
Coronavirus Layoffs Begin; Economists See Many More Coming
Widespread layoffs have begun across the economy as employers struggle with the impact of business lost because of the coronavirus. Read more.
As Coronavirus Hits Hiring, ZipRecruiter Cuts Workforce
Job boards have begun to feel the coronavirus’s impact on hiring. As employers in most sectors of the economy suspend or slow their hiring plans, several have implemented hiring freezes and at least one, ZipRecruiter, has imposed layoffs. Read more.
Podcast: Vendors Focus on Supporting HR Departments Amid Virus
HCM technology vendors say they’re focused on supporting customers as HR departments scramble to keep their companies working. Listen here.
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