Our weekly roundup of deals, product announcements and other HR technology news.
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Qualtrics announced Spotlight Insights, which provides HR and executives with insights based on real-time employee feedback. The company said the product saves businesses time and money by automatically identifying areas for improvement and recommending where actions can be taken to enhance the employee experience.
Workhuman unveiled a tool that improves how employees communicate. Inclusion Advisor uses AI to detect words and phrases in employee awards nominations that may contain unconscious bias, and provides meaningful suggestions to replace it with more appropriate language. Workhuman said its research estimates implicit bias appears in 20%-30% of written communications, even in positive settings.The #HRTech news roundup: @Qualtrics launches insights tool for employee feedback. @Workhuman unveils communications tool. And more. #HR Click To Tweet
DailyPay launched its Payroll Anomaly Manager, which leverages its platform to save U.S. businesses money in costs stemming from common employee payment errors. PAM lets payroll teams track employee payment data sets in real time, and automatically catch anomalies in payments in order to ensure an accurate and secure transactions.
First Advantage filed for an initial public offering, proposing to list its common stock on Nasdaq under the symbol FA. The number of shares to be offered and their price range have not yet been set.
The global freelance platforms market is expected to reach $9.9 billion by 2026, a CAGR of 15.3%from 2019’s level of $3.3 billion. Orbis Market Research said technical features such as machine learning are improving freelancer selection based on time, skill-set and compensation, and characterized competition in the space as “cutthroat.”
PRO Unlimited launched a new Data-as-a-Service solution, which provides organizations with comprehensive hiring intelligence and, it says, enables optimization of the over $4 trillion contingent labor market.
HR service delivery firm Neocase announced a strategic partnership with Talentsoft. Neocase’s business process management module will be fully integrated into Talentsoft’s platform, increasing automation and workflow capabilities. Neocase enables Talentsoft to streamline and automate key moments throughout the employee lifecycle, and its ready-made workflows will allow Talentsoft users to reduce implementation costs and time spent on administrative tasks.
Workforce management company Legion announced a $50 million Series C investment round. The company plans to use the financing to increase hiring and accelerate product innovation. The investment comes just nine months after the company secured a $22 million in Series B funding, and brings its total amount of funding secured to $85.5 million.
Panther Global raised $2.5 million in seed funding to expand, hire and continue to provide hiring and payroll support for businesses looking to work with talent internationally. Panther will also be featured in Amazon Web Services Activate Console as a resource for companies needing to manage hiring and payroll for international employees.
YellowBird, a gig marketplace that matches risk and environmental, health and safety professionals with businesses, closed its seed capital round with an oversubscribed $1.7 million. The investment will support the company’s growth with hiring, developing new markets across the country and further developing its platform.
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