Our weekly roundup of deals, product announcements and other HR technology news.
Workday introduced the next generation of its Elastic Hypercube Technology, the modeling engine that powers the Workday Adaptive Planning solution. EHT will now have embedded AI and performance improvements that calculate complex models. The company said the solution will help employers with continuous, company-wide planning, deeper insights and the ability to adapt and perform at scale.
BrightPlan launched its Employee Total Rewards Statement, which is designed to help workers better understand and utilize their compensation and benefits. The product offers a comprehensive view of total compensation and rewards in the context of an employee’s personalized financial plan. BrightPlan believes the approach will help workers with their financial wellness and enable HR teams to attract, motivate and retain top talent.
Around 27% of the labor market, representing more than 40 million workers, reported actively pursuing a new job or career change during the past 90 days, according to research from CompTIA. In addition, the trade group’s study found that among those seeking new employment, nearly 40% characterized the current job market as very strong.
Justworks announced a payroll solution that will serve small businesses, including sole proprietorships, as well as apply to more industries such as hospitality, “Main Street” businesses and others. The company said features such as integrated access to open market insurance and benefits, custom work weeks and cash tips will become available soon.
When I Work acquired Lean Financial, a fintech startup that offers financial products designed to serve the “flex workforce.” The acquisition will help When I Work expand its offerings to the shift work ecosystem of small businesses, the company said.
ShiftPixy unveiled its “Instant Interview” feature, which allows gig workers to record short video interviews via their phone. The video will then be viewable by managers on the user’s profile. With it, the company hopes to help employers screen and clear hourly candidates more quickly.
Last Week’s Top News
Appcast Acquires Bayard to Expand Services Across Recruitment Marketing
Appcast acquired Bayard Advertising, combining a programmatic advertising leader with a recruitment marketing firm that works with clients across industries. The acquisition will package Appcast’s programmatic technology with Bayard’s recruitment marketing capabilities and also, Appcast said, expand its offerings to cover the entire recruitment marketing process. Read more.
Tech Employers Pay Premium for AI Expertise While Laying Off Others
Even though tech companies are racing to develop better AI mouse traps, their employees are under growing pressure when it comes to keeping their jobs. According to CNN, AI has already led a small but growing number of the sector’s employers to lay off workers and take a fresh look at their hiring plans. Read more.
Beekeeper Launches Frontline Intelligence to Watch Sentiment, Productivity
Beekeeper launched a new AI-powered Frontline Intelligence platform, which is intended to help managers better understand employee sentiment and productivity. The product leverages GDPR-compliant AI technology to do sentiment analysis without the need to conduct employee engagement surveys, Beekeeper said. Read more.