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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Stacy Greiner Elevated To Interim CEO For DailyPay
DailyPay announced the appointment of Stacy Greiner as interim CEO, effective June 1, 2024, following Kevin Coop's decision to step down and serve as a board advisor. Greiner, the current COO, has been integral to overseeing DailyPay's busi
ColumnWorkday's Q1 FY2025: A Surge in Revenues and AI-Driven Growth
Workday, Inc. reported impressive fiscal 2025 first-quarter results, showcasing strong revenue growth and significant improvements in profitability. Total revenues reached $1.990 billion, an 18.1% year-over-year increase, while subscription
Company NewsLeadership, benefits, and technology risks top of mind for risk and HR professionals surveyed by Mercer and Marsh
The US People Risk 2024 Report by Mercer and Marsh, businesses of Marsh McLennan, highlights the top people risks identified by over 1,000 risk and HR professionals nationwide. The report reveals that ineffective leadership, improper reward
Company NewsDayforce Delivers Dayforce® Flex Work
Dayforce, Inc., a leader in human capital management (HCM), has launched Dayforce Flex Work in the United States. This on-demand marketplace helps organizations efficiently manage fluctuating labor demands by connecting them with flexible,
Venture CapitalCornerstone Accelerates Jobs-to-Skills Transformation with SkyHive Acquisition
Cornerstone OnDemand Inc. announced its acquisition of SkyHive Technologies' workforce skills intelligence capabilities and expert team. This move enhances Cornerstone's skills transformation offerings, integrating SkyHive's AI-powered plat
ColumnhireEZ Partners With Leading Job Boards, Introduces 'Sourcing Hub' Feature
hireEZ has introduced Sourcing Hub, a new platform feature providing direct access to candidate profiles from job boards like Monster, Resume-Library, and CV-Library. This innovation integrates active talent from these job boards with hireE
Venture CapitalPowerToFly Acquires Upskilling Platform Skillcrush
PowerToFly, a leader in talent management for diverse professionals, has acquired Skillcrush, an education platform focused on technical upskilling for underrepresented groups. This strategic move enhances PowerToFly's offerings, which incl
Product NewsFirst Ever: Plum Brings Company Culture, Career Navigation and Deep Talent Insights Together Through New Products
Revolutionary talent assessment provider Plum has launched two innovative products: PlumThrive™ and PlumFlourish™. PlumThrive is a Talent-Drive Platform offering deep insights into role fit, skills, and cultural dynamics, combining psychom
Company NewsPEO Industry to Gather in Washington to Celebrate National PEO Week May 19-25
ALEXANDRIA, Va. , May 17, 2024 -- Hundreds of owners, executives and employees of professional employer organizations (PEOs) around the country will be gathering in Washington, DC next week to celebrate National PEO Week, which recogniz
Product NewsEdge of Bliss Transforms the Job Search Experience with Advanced AI
Edge of Bliss has launched Edge GPT, an AI-powered career assistant designed to transform the job search experience for both job seekers and employers. Edge GPT offers personalized resume and cover letter creation, job search optimization,
HotNewsBIDEN-HARRIS ADMINISTRATION ANNOUNCES GROUNDBREAKING AI PRINCIPLES FOR WORKER WELL-BEING
The Biden-Harris administration, through the Department of Labor, has introduced a comprehensive set of AI principles aimed at enhancing worker well-being and rights. These principles, developed following President Biden’s Executive Order,
Venture CapitalWorky Raises $6 Million to Drive Growth and Accelerate Adoption of Cloud-Based HR and Payroll Solution in Mexico
Worky , an all-in-one HR and payroll software designed for Mexican companies, recently secured $6 million in Series A funding led by Atlántico and ADP Ventures. Founded in 2018, Worky aims to modernize employee recruitment, management, and
EarningsZipRecruiter Announces First Quarter 2024 Results
ZipRecruiter reported a revenue of $122.2 million in the first quarter of 2024, with a net loss of $6.5 million, reflecting a net loss margin of 5%. Adjusted EBITDA for the quarter was $20.8 million, marking a 17% margin. Despite the challe
Product NewsSense AI Products Pass Bias Audit Conducted by Holistic AI
Sense , a leader in AI-driven talent engagement, has announced that its AI Chatbot and Candidate Matching products passed a bias audit by Holistic AI. This audit ensures compliance with New York City's Local Law 144, which mandates bias aud
Venture CapitalEV3 Global Raises $3M to Revolutionize Hiring with AI Technology
EV3 Global, an innovative technology firm based in Denver, announced a $3 million funding round led by Real Tech Capital, alongside other VC firms and private investors. The company, founded in 2022, is revolutionizing the hiring process by
Product NewsBenefit Harbor Unveils BHAI: A Revolutionary AI Platform to Enhance HCM & Workforce Management
Benefit Harbor , a leader in Benefit Administration for over 2.8 million individuals, has announced the launch of BHAI, an AI-driven platform that revolutionizes benefits management for ERP users. This platform provides customized benefits,
Product NewsNexxt.com Unveils Cutting-Edge Candidate Search and Recruitment Automation Solutions
Nexxt.com , a pioneer in HR technology, has launched the Nexxt Talent Sourcing Platform, aiming to revolutionize talent acquisition with advanced automation. This innovative solution addresses the dissatisfaction of 75% of companies with cu
Venture CapitalMedRisk Agrees to Purchase Casualty Claims Solutions Business from Conduent
MedRisk, a leader in managed physical rehabilitation for workers' compensation, has agreed to acquire the Casualty Claims Solutions business from Conduent, including Strataware products. This acquisition encompasses services like workers' c
EarningsPaylocity Announces Third Quarter Fiscal Year 2024 Financial Results
Paylocity Holding Corporation reported strong financial results for Q3 of fiscal year 2024, with a significant 18% increase in total revenue, reaching $401.3 million. Recurring and other revenues also rose by 17%, totaling $366.8 million. A
EarningsADP's Q3 Report: Analyzing the Impact of Strategic Investments and Client Growth
ADP reported a robust fiscal third quarter for 2024 with significant growth across key financial metrics. Revenues rose by 7% to $5.3 billion, driven by solid performance in both Employer Services and PEO Services. Net earnings increased by
EarningsInsperity Q1 2024 Earnings: Strong Performance Despite Economic Slowdown
Insperity, Inc. reported its Q1 2024 financial results, highlighting a 4% increase in gross profit to $345 million, driven by strong pricing and favorable benefits costs, despite a 1% decrease in average worksite employees paid. Net incom
Product NewsPhenom Releases Massive Wave of HR Tech Innovation: Talent Experience Engine, Next-GenAI Agents, New Platform Experiences, and Updates for Talent Acquisition and Talent Management
Phenom has unveiled a significant update to its HR tech offerings during the IAMPHENOM 2024 Product Innovation Keynote in Philadelphia. The update introduces several new features aimed at enhancing talent acquisition and management. These i
EarningsTriNet Announces First Quarter 2024 Results
TriNet Group, Inc. reported its Q1 2024 financial results, highlighting a modest revenue increase to $1.3 billion and a 4% growth in professional service revenues. Despite challenging economic conditions, the company achieved a net income o
Venture CapitalHandl Health secures $2.5M in Seed Funding to drive innovation for the employer-sponsored benefits ecosystem
Handl Health , an innovative AI platform designed to assist benefits consultants in creating affordable health plans, announced a successful $2.5 million Seed funding round led by Mucker Capital and Everywhere VC. The company aims to transf
Product NewsPerceptyx Launches Activate, HR’s Missing Link Between Employee Insight and Impact
Perceptyx has unveiled "Activate," a groundbreaking AI-powered platform, merging insights from employee feedback with actionable strategies through behavioral science. This solution integrates the expertise of Humu into Perceptyx's offering
Venture CapitalKeep Company Secures $1.4 Million to Revolutionize Caregiver Support in the Workplace
Keep Company, based in Bethesda, Maryland, has announced a successful fundraising of $1.4 million with notable participants including Techstars and VEST Her Ventures. This round will support the expansion of Keep Company's executive team, i
Venture Capital401GO Raises $12M Series A to Fuel Next Phase of Growth
401GO , a fintech company specializing in modern retirement solutions, has successfully secured $12 million in Series A funding led by Next Frontier Capital, with participation from Rally Ventures, Impression Ventures, and Stout Street Capi
Company NewsReclaim.ai Launches Smart Meetings, First-Ever AI Tool to Automate Meeting Scheduling Across Teams
Reclaim.ai has unveiled "Smart Meetings," an innovative solution designed to streamline the scheduling of meetings by leveraging AI and machine learning. This release targets the reduction of time spent on managing calendars, which, as Recl
EarningsManpowerGroup Reports 1st Quarter 2024 Results
Revenues of $4.4 billion (-7% as reported, -5% constant currency) Continuation of challenging environment in North America and Europe during the quarter, solid demand in Latin America and Asia-Pacific region Gross profit margin of
Company NewsLinkUp Launches Compass, a Visual Multitool for Job Market Insight
LinkUp has launched Compass, a digital toolset that offers real-time analysis of labor demand using their extensive dataset of job openings, dating back to 2007 and updated daily. This platform provides users with interactive, presentation-
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