Our weekly roundup of deals, product announcements and other HR technology news.
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Skillsoft acquired coding-education platform Codecademy for $525 million in cash and stock. The sale comes nearly a year after Codecademy raised $40 million in Series D funding and pivoted its consumer-focused product to serve more enterprise customers, noted TechCrunch. Codeacademy CEO Zach Sims said joining forces with Skillsoft will help scale “Codecademy even faster than we’d be able to independently.”
HR technology spending increased 57% during 2021, according to the 2021-2022 HR Systems Survey by Sapient Insights Research Group. Most companies used an average of 16 HR systems during the year, up from 10 systems in 2020 and nine in 2019. Employers also enhanced their applicant tracking systems and increased their budget for recruiting solutions. “Spending on TA tech had been on the rise previously, but during the pandemic, 62% of companies increased their investment, ” said Madeline Laurano, founder of Aptitude Research.
In this week's #HRTech roundup: Skillsoft picks up Codeacademy, HR tech spending increases and more. #HR Click To TweetArtificial intelligence will continue to evolve beyond its more common uses in recruiting, learning and employee sentiment analysis, HR tech analysts say. But vendors’ use of the technology for employment decisions will face increased scrutiny from government regulators and HR practitioners. That’s according to SHRM. John Brownridge, digital workplace leader for Deloitte Consulting, said AI will be built into more applications and that barriers to buying or building intelligent systems will be reduced thanks to commoditization of the necessary technology and increasing low-code or no-code development options.
In a number of ways, the developments of 2021 were rooted in the events of 2020. As the year turns, it seems like a sure bet that we can discern hints about the future by looking at the past. That’s not simply because existing trends will continue down their anticipated road. Rather, it’s because events over the last two years have impacted a wide range of business efforts – especially within HR and talent acquisition. Read our analysis.
Last Week’s Top Stories
UKG Faces Test as Ransomware Hits Kronos Private Cloud
UKG’s Kronos Private Cloud was hit by a ransomware attack over the weekend, knocking out several services that may remain offline for weeks. According to media reports, UKG has advised affected customers to find alternative workforce management solutions while it resolves the situation. Read more.
Employers See a Talent, Recruiting War in 2022
Some 89% of employers believe recruiting and hiring will be either “somewhat” or “very” challenging next year, signaling that the tight labor market and Great Resignation will become even more challenging to businesses as the economy recovers. Read more.
Year in Review: Employers Scramble as Employees Take Control
As the year turns, it seems like a sure bet that we can discern hints about the future by looking at the past. That’s not simply because existing trends will continue down their anticipated road. Rather, it’s because events over the last two years have impacted a wide range of business efforts – especially within HR and talent acquisition. Read more.
Podcast: HelloTeam CEO Tanya Bakalov on Covid and the Importance of Culture
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