Roundup: Paychex Launches Real-Time Pay; HR Analytics Market Grows

News Roundup

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

Paychex rolled out real-time payment capabilities that allow companies to pay employees for time-worked, and make payroll adjustments on the fly to address time-sensitive or emergency situations. RTP is being offered in addition to Paychex options including pay-on-demand, same-day ACH, direct deposit and paycards.

The global market for HR analytics will be worth some $6.3 billion by 2027, a CAGR of 14 percent from 2020, according to Grand View Research. The small and medium enterprises (SME) segment is expected to register the highest growth as employers there expand their use of analytics to operate globally.

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SHRM cancelled its 2020 Annual Conference & Exposition in San Diego because of pandemic-related restrictions. The organization is proceeding with plans for its June 2021 event, to be held in Chicago.    

First Advantage launched the New Future of Work, a suite of solutions designed to help businesses pre-screen, re-screen and re-hire employees as they seek a return to work after pandemic-caused shutdowns. The suite was specifically designed for organizations seeking to onboard workers quickly, and is available for industries and regions around the world.

Dice released a “remote jobs” classification for U.S. users. The filter allows candidates to identify, and employers to highlight, remote roles.  Before the pandemic, Dice said, 93 percent of technology professionals preferred to work from home, but only 60 percent had the opportunity.

UK payroll provider Payescape acquired PayRun.io, an API payroll engine. PayRun.io’s application allows companies payroll and auto enrollment into their solutions.

AppVault added video capabilities to its virtual career fair platform. Customers also have the option of their own video system with the system’s live chat feature.

Performance management platform Centrical announced an integration with Microsoft Teams. The link will allow organizations to use leverage Centrical’s tools directly from the Microsoft suite.

Prodoscore, which provides employee visibility software, closed a Series A Round led by investor Troy Carter. The funding will go toward sales and product development. The company said it’s seen increased demand because of the pandemic. 

Udacity appointed Kenny Kim as chief marketing officer effective today. He joins the company from Google, where he was as global head of growth marketing for Google Shopping.

Last Week’s Top Stories

Upwork Builds Out Enterprise Capabilities, Betting on More Remote Work

Upwork enhanced its enterprise capabilities to help large companies identify and hire contingent workers. The platform is designed to simplify the tasks involved with centrally managing a remote workforce strategy while accessing talent. Read more.

Oracle Launches Self-Service Analytics Tool for Cloud HCM

Oracle launched Oracle Analytics for Cloud HCM, a self-service application designed to provide more detailed workforce intelligence by gathering data from across the organization. Read more.

Mid-Market Layoffs Push Namely to Cut Workforce

Updated & Corrected: Namely, an HR platform focused on the needs of mid-sized employers, laid off just over 100 employees, or 25 percent of its workforce. Read more.

Podcast: Ultimate’s Cecile Alper-Leroux on Employees’ Post-COVID Expectations

“How employers actually reacted in the initial phases of this crisis, will actually have a lot to do with what the world of work will look like because I can’t think about the world of work without first thinking about the people.” Listen here.

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