Roundup: Workday Buys Supplier Platform; Assessment Market Grows

HCM Technology Report News

Our weekly roundup of deals, product announcements and other HR technology news.

Workday will acquire Scout RFP, a cloud-based sourcing and supplier engagement platform, in an all-cash transaction of about $540 million. Workday said Scout RFP will allow it to provide customers a comprehensive source-to-pay solution that reduces spend, strengthens compliance and maximizes engagement for key stakeholders.

The global personality assessment market will be worth an estimated $6.5 billion by 2027, according to research by Transparency Market Research. That’s a CAGR of about 14 percent from 2019. In terms of share, the market is currently dominated by Europe, followed by North America, the company’s report said, although Asia-Pacific expected grow rapidly.

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DHI Group reported a 4.5 percent drop in revenue during 2019’s third quarter. The company said ongoing tech-product revenues were flat and income from Dice.com were down 3 percent year on year. ClearanceJobs revenue rose 17 percent from the previous year’s period. CEO Art Zeile said the company is adding engineers to support accelerated product development on Dice.

Kronos added DailyPay to its Workforce Dimensions Technology Partner Network. The companies will develop an integration allowing DailyPay to calculate employees’ available balances and enable the real-time transfer of earned wages on requaest.

Paycor incorporated a texting service into its ATS. Candidate Texting makes it easier for recruiters to reconnect with previous candidates when new roles open up, Paycor said, and offers text reminders about upcoming interviews and other nuts-and-bolts information.

Udemy for Business launched Learning Paths, a new feature that allows customers to more efficiently curate the right combination of Udemy for Business courses, external materials or proprietary company resources. The tool allows any employee to build a personalized learning experience to achieve specific outcomes, such as onboarding employees, mastering competencies or preparing for major projects.

TopDevz will release a new on-demand video hiring tool in January. The tool will allow clients to create customized virtual interview processes that also improve recruiter efficiency and, of course, the candidate experience, the company said.

Bacon.work, which calls itself “the Tinder of temp jobs,” closed an initial investment round of $3 million. The funds will be used to speed growth in Utah and Texas and position the company to expand across the U.S. Bacon said its app has been used by more than 10,000 people since it launched in 2018.

RiseSmart, the provider of talent mobility and outplacement solutions, will rebrand as Randstad RiseSmart to reflect its global expansion and “holistic approach” to outplacement and talent mobility.  

Contingent workforce platform MyWorkChoice unveiled a new brand identity and corporate website at www.myworkchoice.com. The company said its updated brand reflects its ability “to empower its W-2 workforce to build their own schedules while proving that flexibility and productivity can co-exist.”

Last Week’s Top Stories

New ADP Service to Help With Wage and Hour Compliance Issues

ADP added a “Compliance on Demand” service to its product lineup in a bid to simplify the management of wage and hour regulation compliance. The offering is meant to help employers keep abreast of changing regulations at all levels of government. Read more.

Symphony Talent Acquires SmashFly Technologies

Symphony Talent acquired SmashFly Technologies, melding its employer-branding and creative services with its new unit’s recruitment marketing and CRM tools. The company said the resulting package will offer talent acquisition teams with “the most strategic and comprehensive suite of solutions on the market.” Read more.

Study These 5 Areas to Prepare for the Future of Work

Despite all the talk of digital transformation and the dynamic workforce, Gartner says only 9 percent of CHROs believe their companies are prepared for the future of work. Read more.

Podcast: Will ‘Experience’ Matter When the Recession Hits?

When business conditions get tough, which do you think executives will care more about — experience or efficiency? Listen here.

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