Our weekly roundup of deals, product announcements and other HR technology news.
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By 2024, 80% of technology products and services will be built by people who aren’t tech professionals, Gartner said. Driving the trend is a new category of buyers who work outside of the traditional IT organization and occupy a larger share of the overall IT market. Growth in digital data, low-code development tools and AI-assisted development are among the factors that have enabled the “democratization” of technology development beyond IT professionals, the researcher said.
Lattice and SMB software provider Gusto announced an integration that allows joint customers to share and manage employee data. The integration, which is available on Gusto’s Marketplace, can help HR teams better manage their employee information. The integration also automatically syncs new information, from, say, newly hired employees and promotions.This week in #HRTech: More tech products are being developed outside IT. Lattice and Gusto hook up. Employers need better DEI tracking. All in the roundup. #HR Click To Tweet
A number of organizations are missing opportunities to track and nurture DEI efforts across their recruiting and hiring process, although talent acquisition and HR professionals believe their companies are making significant progress. According to research by iCIMS and the Talent Board, nearly 20% of organizations aren’t tracking diversity metrics in their recruitment or hiring practices. More than half (52%) have not used diversity-related data or analytics beyond what’s required for EEOC compliance.
GoCo added new features with an eye on DEI concerns among employers and HR. They include a gender-inclusive HRIS to manage and display preferred names and pronouns; racially and ethnically inclusive holidays, such as Juneteenth and Indigenous People’s Day; and anonymous feedback and harassment reporting. This feature also facilitates two-way conversations between HR, managers and the reporting employee, without revealing the worker’s identity.
American businesses have more positions available than people willing to take them, with 13.6 million jobs currently posted and remaining vacant for a month on average, says staffing firm PeopleReady. Jobs in several sectors are staying open even longer, but contingent workers may provide help, but some reports indicate it won’t be enough.
DHI Group completed the spinoff of eFinancialCareers to eFC’s management team, while holding onto a 40% equity interest and have board representation. With the move, Dice is now focused on technology careers and jobs requiring security clearances. Dice acquired eFC in 2006.
Recruiting technology provider TopFunnel acquired Teamable, an employee referral platform that leverages social networks. TopFunnel automates much of the recruiting process, while Teamable aggregates employees’ contacts from social and professional networks to provide recruiters with a more focused group of candidates.
Onboarding platform Trainual closed a $27 million Series B investment, led by Altos Ventures. The company said it will use the funds to increase the pace of product development. The round follows a $6.75 million Series A investment and brings the company’s total funding to $33.75 million.
Last Week’s Top Stories
Salesforce Moves Deeper Into HR Tech With New Work.com Features
Salesforce expanded the scope of its Work.com platform with well-being, learning and automation features. The products join Work.com’s existing workspace, help desk and IT service tools. Read more.
DailyPay Expands UKG Integration, Joins Payment Network
DailyPay and UKG expanded their partnership to offer more on-demand pay features through UKG Pro, an HCM solution that targets medium and large enterprises. The pay-on-demand platform already has integrations in place with other UKG products, including UKG Dimensions and UKG Ready. Read more.
Visier Raises $125 Million, Hits $1 Billion Valuation
People analytics firm Visier raised $125 million in a Series E funding round, bringing its estimated value to about $1 billion. Visier said it’s the first vendor in the space to reach so high a valuation. Read more.
Podcast: Oracle’s Yvette Cameron on Dynamic Skills
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