Roundup: Oyster Hits $1B in Value; Strivr Gets Brand-Name Investments

News Roundup

Our weekly roundup of deals, product announcements and other HR technology news.

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Oyster raised $150 million in Series C funding and reached more than $1 billion in valuation.  The company’s now achieved unicorn status, less than two years after its launch. The investment also caps a year of growth, the company said. During 2021, Oyster grew revenue by over 20x and attracted more than 20,000 applicants to its open roles.

Virtual reality platform Strivr said Accenture and Workday Ventures have made strategic investments as part of the company’s latest funding round. As an extension to its Series B round, this $35 million round will accelerate delivery of immersive upskilling and reskilling solutions in the enterprise.

This week's #HRTech roundup: @HeyOyster hits $1 billion valuation, Striver attracts new money, and more. #HR Click To Tweet

ADP added platform capabilities to its WorkMarket freelance management system. The new feature, Recruiting Campaigns 2.0, enhances WorkMarket’s Labor Clouds curated talent functionality. An end-to-end solution, the update features templates, checklists, custom landing pages and dashboards, all aimed at satisfying business, tax and banking requirements.

A study by Humanyze found that 42% of employees are likely to leave their job in the next 3-6 months, and that 52% of management expects higher attrition rates in roughly the same time. Regarding what influences their decision to stay at a job besides salary or benefits, both executives and employees said flexibility and hybrid/remote work options were their top priorities. 

Getting Hired expanded its talent engagement platform to serve new underrepresented groups in the workforce. The company also launched Diversity Talent Sourcing, a direct sourcing offering. Both initiatives align with Getting Hired’s mission of breaking down barriers within talent acquisition for job seekers and employers.

retrain.ai announced the availability of its Talent Intelligence Platform to offer higher accuracy, transparency, explainability and greater bias prevention. In addition, the company said it’s  created a global skills taxonomy based on over 300 million job descriptions extracted from a variety of sources.

Low-code application provider Skuid launched new features for its platform. The capabilities include Skuid NLX, which delivers enhanced experiences; Skuid SFX, a managed package that can be deployed in VisualForce and Lightning, and on Sales Cloud, Service Cloud, Experience Cloud and Salesforce Platform; and Skuid EXP, which gives customers greater control of the user experience within HR applications.

Crosschq launched Crosschq Assist, designed to support laid-off employees in a way that supports brand loyalty. The product offers tools to help erstwhile workers find their next job, plus it gives recruiters from more than 1,500 companies immediate access to a talent pool of candidates who are new to the job market and actively looking for a new role.

Last Week’s Top Stories

Oracle Ups Its Game in Employee Experience with Oracle ME

Oracle launched Oracle ME, an employee experience platform designed to help organizations increase the engagement of their workforce. Read more.

Nearly Two-Thirds of American Employers Want AI for Talent Acquisition

Nearly two-thirds of American companies, some 63%, are investing or planning to invest in artificial intelligence during 2022 to help with talent acquisition. That’s up from the 42% recorded in 2020, according to analyst firm Aptitude Research. Read more.

Q&A: Where Advanced Technology Leads HR’s Strategic Plan

Brent Skinner is co-founder, director and principal analyst of HCM practice at the analyst firm 3Sixty Insights. We spoke with him about how HR has leveraged technology to run their organization more smoothly, help plan its future, and also about new technologies it might adopt. Read more.

Podcast: isolved’s Geoff Webb on People, Data and the State of the Market

If you have news to share, send a press release or email to our editors at news@hcmtechnologyreport.com.

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