Our weekly roundup of deals, product announcements and other HR technology news.
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SilkRoad Technology announced the addition of survey capabilities to its RedCarpet Onboarding solution. The new features will enable clients to build and deploy surveys to measure engagement, culture transition and readiness at different inflection points of the employee lifecycle.
Sapia.ai joined Avature’s technology ecosystem, enabling customers to access the company’s chat-based AI interview tool. The company said it’s building partnerships with companies like Avature so that its AI Smart Interviewer can be more easily accessed.
Deel launched Deel HR, US Payroll and Deel Engage to allow companies hire, manage and pay global teams in one platform. The introductions come as Deel wraps up 2022 with $295 million in annual recurring revenue, up more than 400% from $57 million at the end of 2021.
Capacity acquired Textel, a cloud-based texting program, to enhance the end-user experience with SMS business texting features to support automation workflows. According to the company, the acquisition will “optimize” the customer experience by extending an AI-enabled, two-way SMS feature to the Capacity customer base, and introducing AI and automation into Textel offerings.
Apex HCM announced an integration with Human Interest, a 401(k) provider. The integration will allow Apex HCM to provide a retirement plan offering that complies with state retirement mandates and includes automated administration and record-keeping.
Workforce Software added two people to its team of executives. Nicole Neumarker joins the company as chief technology officer, and Bill Razzino as chief financial officer.
Paychex announced that the company’s board of directors voted to expand itself to 12 members. The board also appointed Theresa M. Payton to fill the new position.
Last Week’s Top News
DailyPay Receives $260 Million in New Funding
DailyPay secured $260 million of capital, which it will use to support domestic growth, expand internationally and further invest in product development. The funding is divided between revolving credit facility capacity provided by Barclays and Angelo Gordon, and new term loan funding from SVB Capital and a fund managed by Neuberger Berman. Read More.
Study: Hiring Will be Driven by Quality, Intelligence During 2023
The pressure of the pandemic has led both employers and job candidates to make impulsive hiring and technology decisions that haven’t always worked out, according to Modern Hire. But in 2023, the company expects to see HR leave “reactionary measures” to focus on techniques that drive efficiency, effectiveness, engagement, and ethical outcomes, said CEO Karin Borchert. Read More.
Employers Quietly Hire to Plug Gaps Left by Layoffs
Companies are quietly hiring contract workers even as they assign work to remaining employees to make up for layoffs, according to a study from ResumeBuilder.com. The survey showed that 37% of its respondents said they are currently hiring contract workers despite downsizing. In fact, of the companies that have had layoffs in the past three months, 80% say the responsibilities of laid off employees are now being carried out by contract workers. Read More.
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