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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Compa's $10M Series A Funding Led by Storm Ventures: Pioneering the Future of Real-Time Compensation Data
Compa, a leading provider of real-time compensation market data, recently secured $10 million in Series A funding, led by Storm Ventures. This investment is a testament to Compa's innovative approach to compensation intelligence, which devi
Company News"Workplacely" Launches to Revolutionize HR with AI-driven Insights, Transforming Workplaces into 'Most Loved Workplaces®'
Workplacely , a groundbreaking HR SaaS tool, launches to transform workplace culture by focusing on employee love and engagement. It's an innovative solution for measuring and enhancing employees' emotional connection to their work and comp
Venture CapitalTARA Mind Secures $8M for Groundbreaking Mental Health Revolution
TARA Mind, a revolutionary public benefit corporation co-founded by former Navy SEAL Marcus Capone, has secured an impressive $8 million in seed funding. This investment, led by Satori Neuro, supports TARA Mind's innovative approach to ment
NewsWelcome to the Jungle Acquires Otta, Revolutionizing the HR Tech Landscape
Welcome to the Jungle , a French leader in employer branding and recruitment solutions, announces the strategic acquisition of Otta, a UK-based job search platform. This move marks a significant expansion in Europe and initiates Welcome to
Venture CapitalDailyPay Closes Transactions Totaling $175 Million; Company's Valuation Increases by 75%
DailyPay, a New York City-based company specializing in on-demand pay solutions, has successfully raised over $175 million through a mix of debt and equity funding. This substantial financial injection includes $100 million in increased sec
Product NewsIndeed Introduces Specialist Media Networks, Helping Employers Reach More Skilled Professionals Across Industry-Specific Sites to Hire for Hard-to-Fill Roles
Indeed introduces Specialist Media Networks to streamline the hiring process for difficult-to-fill roles in specific industries. This innovative approach involves distributing job advertisements across industry-specific websites, targeting
Venture CapitalMercor Secures $3.6M in Funding, Unveils AI-Powered Talent Matching Platform
In a remarkable leap forward in the recruitment technology sector, Mercor has announced a significant milestone, securing $3.6 million in funding. The round, led by General Catalyst, saw participation from notable investors including Scott
Product NewsPerformYard Secures $95M for Revolutionary Staff Performance Tools
PerformYard, a staff performance management platform, recently raised $95 million in funding led by Updata Partners. Founded by Ben Hastings and Jon Malpass, PerformYard provides tools for employee reviews, goal setting, and feedback, integ
Company NewsFlexJobs Announces Top 100 Companies to Watch for Remote Jobs in 2024
The FlexJobs 2024 report highlights the top 100 companies leading in remote job opportunities. Emphasizing the continued growth and appeal of telecommuting, this comprehensive list showcases companies across diverse industries. It reflects
Product NewsSterling to Offer Market Leading Clinical Solutions Through Acquisition of Vault Workforce Screening
Sterling Check Corp (NASDAQ: STER), a distinguished leader in background screening and identity services, has strategically acquired Vault Workforce Screening, a prominent U.S. clinic management platform. This acquisition not only expands S
Venture CapitalVestwell's Series D Success: Paving the Future of Fintech with $125 Million
Vestwell, a trailblazer in the savings platform sector, has successfully raised $125 million in its Series D funding round. This significant investment, led by Lightspeed Venture Partners and supported by other key investors, marks a major
Product NewsPaychex, Inc. Reports Second Quarter and Mid-year Fiscal 2024 Results
Paychex , Inc.'s Fiscal 2024 mid-year report impresses with a 6% revenue increase to $1.2579B in Q2 and $2.5439B for 6 months. Operating income rose 7% to $506.2M in Q2, while diluted EPS soared 9% to $1.08. Growth driven by 4% rise in Mana
Product NewsAon’s $13.4 Billion Gamble: Acquiring NFP to Dominate the Middle Market
Expands Aon's presence in large and fast-growing middle-market segment, with opportunity to enhance distribution through the firm's Aon Business Services platform to deliver more value to clients Brings together two cultures with a shared c
Venture CapitalSalt Labs Raises Additional $8M to Bring Loyalty Earned Assets to the Workforce
Third Prime invests $8 million in Salt Labs, bringing the total amount raised by the company to $18 million in less than a year NEW YORK , Dec. 19, 2023 Salt Labs , a loyalty and financial technology company that bridges the gap be
Venture CapitalCareerFairy's Innovative Leap: Securing Multimillion-Euro Investment for Gen Z Recruitment Revolution
CareerFairy , a trailblazing video recruiting platform based in Zurich, Switzerland, has secured a multimillion-euro investment to revolutionize the job search for Generation Z. Spearheaded by European media giant Mediahuis, alongside notab
Company NewsJim McCoy Takes the Reins at Atlas HXM to Bolster Global Business Alliances
Atlas Appoints Jim McCoy as New Chief Executive Officer to Enhance Global Enterprise Partnerships. Atlas HXM has appointed Jim McCoy, a seasoned leader from ManpowerGroup, as their new CEO. McCoy is recognized for his expertise in global wo
Company NewsMajority of Hourly Workers Unconcerned About AI Replacing Their Jobs
The 5th Annual Branch Report reveals insights into the perspectives of hourly workers regarding AI's impact on job security. Contrary to popular belief, a significant number of these workers are not worried about AI replacing their jobs. Th
Venture CapitalLisbon's Paynest Secures €2M for Pioneering Employee Financial Solutions
Paynest , a Lisbon-based financial wellbeing platform for employees, has recently secured a €2 million seed investment to fuel its European expansion. Led by Lince Capital, with contributions from BlueCrow Capital and others, this investmen
ColumnADP Named Market Leader in Global Payroll by Everest Group, NelsonHall and Ventana Research
Three Major Industry Analyst Rankings Highlight ADP's Strengths in Geography, Technology, Customer Experience and Analytics ROSELAND, N.J. , Dec. 13, 2023 In three separate recent reports by leading industry analysts, ADP was recognized a
Venture CapitalMedefy Health Clinches $10M Series A to Revolutionize Healthcare Navigation
Medefy Health , a trailblazer in mobile-first healthcare benefits navigation, has secured a significant $10 million in Series A funding. This investment, spearheaded by Mercury Fund and Advantage Capital, is set to bolster Medefy's AI and t
Venture CapitalContactMonkey secures $55M in Series A funding, led by Updata Partners
ContactMonkey, an innovative internal email communications platform, has recently secured a significant $55 million in Series A funding from Updata Partners. This investment comes at a crucial time when employee engagement is increasingly v
Venture CapitalRevolutionizing SME Insurance: Mulberri Raises $6.75M in Series A
Mulberri , an innovative AI-driven embedded business insurance platform, recently announced a successful $6.75 million Series A funding round led by Eos Venture Partners. This significant investment, with contributions from Hanover Technolo
TopicsThe Silver Tsunami: Over 2.4 Million US Older Workers Eye Early Retirement Amid Skill Gaps
A new survey from Multiverse also reveals that 41% of these workers would be willing to remain active in the labor market if provided with better access to training NEW YORK , Dec. 7, 2023 /PRNewswire/ -- As a growing number of older work
Product NewsADP National Employment Report: Private Sector Employment Increased by 103,000 Jobs in November; Annual Pay was Up 5.6%
ROSELAND, N.J. , Dec. 6, 2023 Private sector employment increased by 103,000 jobs in November and annual pay was up 5.6 percent year-over-year, according to the November ADP ® National Employment Report™ produced by the ADP Research In
Company NewsWorkJam Launches Industry-First Automated Attestation Module to Simplify Time and Attendance Tracking for Frontline Employees
WorkJam, a leading digital workplace for frontline employees, has launched an innovative Automated Attestation Module to streamline time and attendance tracking. This module, a first in the industry, enhances compliance with local labor law
Company NewsCheck Launches New Tools to Help Organizations Build and Scale Payroll Businesses
Check, a pioneer in embedded payroll, has launched innovative tools to assist organizations in establishing and expanding their payroll businesses. These tools include Credit & Fraud Protection, Embedded Setup, and Embedded Support. These s
Company NewsWorkday Announces Fiscal 2024 Third Quarter Financial Results
·Fiscal Third Quarter Total Revenues of $1.87 Billion, Up 16.7% Year Over Year ·Subscription Revenues of $1.69 Billion, Up 18.1% Year Over Year ·12-Month Subscription Revenue Backlog of $6.05 Billion, Up 21.9% Year Over Year PLEASANTON, C
Company NewsJeff Moses Named CEO of WorkForce Software
Jeff Moses has been appointed as the CEO of WorkForce Software , effective January 1, 2024. Bringing over 25 years of expertise in B2B Cloud SaaS and a strong track record as WorkForce's Chief Revenue Officer, Moses is set to spearhead the
Company NewsGlobal Coffee Giant Transforms Store Staffing, Increases Efficiency by 65% with AI-Powered UKG Technology
Costa Coffee, a renowned global coffee chain, has significantly enhanced its store staffing efficiency by 65% through the adoption of UKG's AI-powered technology. This strategic move allows Costa Coffee to optimize labor allocation and make
Product NewsX.com Launches Job Search Functionality, Intensifying Investment in Recruitment Field
X.com(Twitter) has officially entered the recruitment space with the launch of its job search tool, signalling a potential shakeup for the industry. Initially rolled out in August to a select group of users, this LinkedIn-esque feature is n
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