Our weekly roundup of deals, product announcements and other HR technology news.
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UKG acquired Quorbit, a U.K.-based startup specializing in long-term workforce planning solutions for people in frontline and hourly roles. The companies said this acquisition will help organizations “attain new levels of operational success” by bringing together strategic planning with employee development.
ServiceNow released new solutions to help digitize workplace productivity challenges. These include its Workplace Scenario Planning which helps organizations operate more strategically across workspace planning efforts to better manage spend and improve the office experience. According to the company, hybrid work models mean businesses must learn to reconfigure space and manage change for individual employees and entire departments.
This week in #HRTech: UKG Acquires Quorbit, ServiceNow Launches Workplace Planning and more. Click To TweetThe focus of today’s workforce is shifting away from work from home benefits with 57% of candidates citing better salary/benefits as the top non-negotiable when considering a new job, according to a study by Sense. The company polled over 1,000 U.S. based candidates who have applied for a job within the past six months to help reveal the motivations and application experiences of today’s active job seekers.
The people analytics company Visier announced a new partnership with HR.com, an online community of HR practitioners, designed to support the growing demands on HR professionals to unlock the value of their organizations’ people data. This partnership will offer HR professionals resources to help build their personal and organizational analytical skills.
HireBetter, a strategic talent partner for middle-market companies, announced the acquisition of Diverse Recruiting Experts (DRE). The addition of DRE’s experience in sourcing diverse talent will help HireBetter to provide clients with a broader pool of qualified candidates for the modern workplace.
The global HR technology market was valued at $23 billion in 2021 and is projected to reach a valuation of $24 billion by 2022, according to Fortune Business Insights. Rising employment opportunities owed to increasing adoption of technologies is anticipated to drive market growth. Similarly, increased adoption of AI and machine learning in businesses is expected to propel the market course.
LiveHire announced its membership on the newly launched AMS Verified platform. With this, the company said professionals will be able to learn about LiveHire as well as other categories of talent acquisition technology, understand specific products, and stay up to date on innovations.
Last Week’s Top Stories
More Businesses Consider Pay Transparency in Job Postings
A new law requiring companies to include salary ranges in their job postings took effect in New York City. Covered employers must include a “good faith salary range” as a part of each job posting, including a minimum and maximum salary. It’s designed to help reduce overall pay disparity by making the hiring process for businesses with four or more employees more transparent. Read More.
LinkedIn Adds Tools for Internal Sourcing
LinkedIn added internal mobility tools to its suite of recruitment solutions. With the new tools, the company’s goal is to help employers identify candidates for open jobs within their own workforce, while also aligning employees with positions at their organization that will further their long-term career goals. Read More.
Inflation, Recession Fears Rattle Tech Leaders in the U.S., UK
Rising inflation and the threat of recession has had an adverse effect on IT leaders and their teams over the last six months, even as their workloads increased. A study by the integration and automation platform SnapLogic found that 87% of IT decision-makers in the UK and U.S. have been working under pressure. They attributed that to reduced headcount and shrinking budgets. Read More.
Podcast: Chad & Cheese Talk Upskilling, Future Robots and Communicating with Younger Applicants.
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