Roundup: Paychex Revenue Rises; Service Platforms Raise Money

News Roundup

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

Paychex reported revenue of $1.1 billion for its fiscal third quarter, which ended Feb. 29, 2020. That’s an increase of 7 percent from the year-ago period. Net income and diluted EPS each increased 9 percent, to $354.5 million and 98 cents per share. CEO Martin Mucci said the company’s “solid growth” is a result of  investments made in new products and technology.

Leoforce is offering complimentary access to its recruiting platform, Arya, for companies identified as essential businesses by local, state or federal authorities. The company said the platform will be available to organizations that have urgent hiring needs related to the pandemic. 

This week's #HRTech roundup: @Paychex earnings rise; HR tech vendors offer free tools to employers as #coronavirus spreads. #HR #HRTribe Share on X

Service management platform Espressive announced $30 million in Series B funding, led by Insight Partners. Espressive plans to use the money for company growth, product innovation and customer service. The company’s virtual support agent, Espressive Barista, automates help desks by connecting employees to needed information.

Workforce management platform SmartLinx Solutions received an equity investment from Marlin Equity Partners. The amount of the investment wasn’t disclosed. It will support the company’s “next phase of growth.”, an employee engagement software provider, is offering 90 days’ free access to its pulse survey tools for front-line employees. Surveys can be completed via text, email, Kronos Workforce Dimension or through other systems.  

Tracker announced Virtual I-9 Pro, which provides real-time video and/or phone assistance by I-9 professionals/experts. The product allows new hires to complete I-9 Section 2 requirements virtually, which the Department of Homeland Security is temporarily permitting because of the coronavirus.

Textio and Greenhouse signed an integration agreement, marketing Textio’s first ATS partnership. The link will allow users to access both products at one time, so hiring managers and job approvers can view Textio results for each job post from within Greenhouse.

UK technology job board Otta said postings on its web site have dropped about 30 percent since February 28, as employers pull back hiring plans during the pandemic. Some 219 jobs were posted during the week of March 9, compared to 65 jobs the week of March 25. Companies still seeking candidates on the site include Airbnb, Canonical, Echo, Portify and Spotify.

Ceridian hired Susan Tohyama as executive vice president and CHRO. She joins the company from Vice Media, where she was CHRO since 2017. Before that, she worked with the NBA, Disney and Starbucks.

PrismHR named Neil Shifman as senior vice president, ASO. Previously, he held a similar position at Oasis/Paychex, and was vice president  of business performance solutions at Insperity.

Last Week’s Top Stories

Rapid Adaptation and Your New Remote Workforce

Your remote or displaced employees need you now more than ever, but you cannot lead if you cannot communicate. Pivoting to establish effective and completely new lines of communication between you and your new remote workforce should be one of your top business priorities. Read more.

Employers Rush to Virtual Recruiting Tools as Virus Hampers Pipelines

Even as hiring falls and unemployment rises as the coronavirus freezes the world’s economy, many employers are strengthening their talent pipelines and getting used to new technologies in order to prepare for the eventual recovery. 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.

Podcast: SMBs Put Off Investments, Lay Off Workers

More than two-thirds of U.S. small businesses have felt the coronavirus’s impact on sales, and nearly as many expect their sales will continue to drop. Listen here.

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