Search results for “employee”

Paycor’s FY 2024 Results: 19% Revenue Surge Driven by HR Tech Innovation

Paycor announced its financial results for the fourth quarter and fiscal year 2024, showing a 19% increase in total annual revenue, reaching $654.9 million. The company introduced a new Compensation Management solution and expanded its API

Aug 14, 2024

Sprockets Expands Workforce Solutions with HourWork Acquisition: A New Era for Hourly Worker

Sprockets , an AI-powered hiring solution, has acquired HourWork , a leading platform specializing in post-hire engagement and retention. This acquisition aims to enhance Sprockets' product offerings, covering every stage of the employment

Aug 13, 2024

Paychex Announces Employee Engagement Solution

Paychex, Inc. , has launched Paychex Flex® Engage, a comprehensive employee engagement platform designed to enhance collaboration and performance management across diverse workforces. This solution integrates features such as employee engag

Aug 13, 2024

CuraLinc Healthcare Secures Strategic Investment to Expand Mental Health Services

CuraLinc Healthcare, a leading provider of workforce mental health and employee assistance programs (EAP), has secured a strategic investment from Lightyear Capital, a New York-based private equity firm. This partnership aims to fuel CuraLi

Aug 12, 2024

HotNews

National Advertising Division Finds Certain Deel Payroll and HRIS Claims Supported; Recommends Others be Modified or Discontinued

The National Advertising Division (NAD) of BBB National Programs reviewed advertising claims made by Deel, Inc. regarding its Payroll and Human Resource Information System (HRIS) in response to a challenge from competitor Rippling. While NA

Aug 9, 2024

Payoneer Expands Global Footprint with Strategic Acquisition of Skuad for $61 Million

Payoneer, a global leader in cross-border payment solutions, has announced its acquisition of Singapore-based HR and payroll startup Skuad for $61 million. This strategic move is aimed at strengthening Payoneer's position in the global fint

Aug 9, 2024

UK's CloudPay Secures $120M to Revolutionize Global Payroll with AI and Automation

CloudPay , a leading global payroll and payment solutions provider, has secured $120 million in funding led by Blue Owl Capital, with participation from existing investors Rho Capital Partners, The Olayan Group, and Hollyport Capital. This

Aug 8, 2024

First Advantage Posts Solid Q2 2024 Results; Anticipates Sterling Acquisition Closure by Q4

First Advantage Corporation reported second quarter 2024 results, showing revenue of $184.5 million and a net income of $1.9 million, which includes $9.2 million in expenses related to the acquisition of Sterling Check Corp. Adjusted net in

Aug 8, 2024

meQuilibrium Revolutionizes Employee Mental Well-Being and Productivity with Gen AI

meQuilibrium ( meQ ) has introduced a new AI-powered dashboard designed to support employee performance, engagement, and well-being by providing immediate, personalized interventions. Leveraging billions of unique cognitive and behavioral d

Aug 7, 2024

Netchex Launches Community: An Employee Recognition & Engagement Platform to Build Team Cohesion

Netchex has launched Community, an innovative employee recognition and engagement platform aimed at boosting morale and fostering connections within organizations. Integrated into the Netchex application, Community offers features like pers

Aug 6, 2024

NFP Launches Totalis Benefits - Life, Absence and Disability Expertise for Employers - and Welcomes Nate Schoedel to Lead It

NFP , an Aon company and a prominent broker and consultant in the insurance and benefits sector, has introduced Totalis Benefits, a new national employee benefits practice. Totalis Benefits will provide specialized expertise in life, absenc

Aug 6, 2024

Awardco Launches External Recognition, An Employee Rewards and Recognition Innovation Built for Customer-Facing Teams

Awardco , a leader in employee recognition and rewards, has launched a new feature called External Recognition. This innovation allows customers, vendors, partners, or any third-party to recognize employee efforts in real-time, enhancing a

Aug 6, 2024

TrueBlue Reports Second Quarter 2024 Results

TrueBlue reported its second quarter 2024 results, highlighting a challenging market environment marked by economic uncertainty and client caution. Revenue for the quarter was $396 million, down 17% from the previous year. The company incur

Aug 5, 2024

Paylocity Announces Fourth Quarter and Full Fiscal Year 2024 Financial Results

Paylocity announced strong financial results for Q4 and FY 2024, with notable increases in revenue and profitability. Q4 2024 saw a 16% rise in total revenue to $357.3 million and a 15% rise in recurring revenue to $324.7 million. For FY 20

Ema Secures $50M in Series A Funding to Revolutionize Workplace Efficiency with AI

Ema , a leading generative AI company, announced the increase of its Series A funding to $50M, bringing its total raised to $61M. The latest $36M addition was led by Accel and Section 32, with participation from several notable investors. E

Insperity Achieves 16% Gross Profit Growth in Q2 2024 Amid Economic Challenges

Insperity , Inc. reported strong financial results for Q2 2024, despite a slight decrease in the average number of worksite employees (WSEEs). Gross profit increased by 16% to $260 million due to strong pricing and lower benefits costs. Net

Workday Transforms How Companies Hire and Manage Talent with New AI-Powered HR Solutions

Workday has announced the integration of HiredScore AI for Recruiting and Talent Mobility into its platform, aiming to boost recruiter productivity and streamline talent management. These AI enhancements will assist organizations in acceler

When Announces $4.6 Million in Seed Funding to Transform the Employee Offboarding Experience

When, an AI-powered offboarding solution, has raised $4.6 million in a Seed funding round led by B Capital, bringing its total funding to $7 million. The funding will be used to expand When's AI-powered health insurance marketplace and grow

Paycom Reports Robust Q2 2024 Results: Revenue Growth and Strong Cash Position

Paycom Software, Inc. reported its financial results for the second quarter of 2024, with total revenues reaching $438 million, marking a 9% increase from the previous year. The GAAP net income was $68 million, equivalent to $1.20 per dil

Earnings

ADP Reports Fourth Quarter and Fiscal 2024 Results; Provides Fiscal 2025 Outlook

ADP , a global leader in human capital management solutions, reported strong financial results for Q4 and fiscal 2024, with revenues increasing by 7% to $19.2 billion and net earnings rising by 10% to $3.8 billion. The company saw an 11% gr

WorkJam Announces $20 Million Investment from Export Development Canada to Expand International Operations

WorkJam , a global leader in digital frontline workplace solutions, has secured a $20 million investment from Export Development Canada to accelerate its growth in the EMEA region. This funding will support WorkJam's efforts to equip hourly

Tezi raises $9M to launch Max: the first fully autonomous AI recruiter

Tezi.ai an innovative startup, has raised $9 million in seed funding, led by 8VC and Audacious Ventures, to advance its autonomous AI agent for recruitment, named Max. This AI agent is designed to streamline the end-to-end hiring process, i

Earnings

Dayforce Q2 2024: Strong Growth and Exciting Future with $500M Share Repurchase

Dayforce Inc ., a leader in human capital management technology, reported strong financial results for Q2 2024, with recurring revenue up 20% and total revenue up 16%. Operating cash flow increased by 16% year-to-date, leading to a $500 mil

LightBay Capital Makes Strategic Investment in Questco, a National Leader in Outsourced HR Services

LightBay Capital has made a strategic investment in Questco, a leading professional employer organization (PEO) specializing in outsourced HR services. This partnership aims to support Questco’s growth through direct sales efforts, acquisit

Gigpro Secures $16M Series A Financing Round to Transform Hospitality Labor Market

Gigpro , a prominent on-demand labor marketplace for the hospitality industry, secured $16 million in Series A funding led by Foundry, with contributions from Stage 1 Ventures, Stage 2 Capital, and Detroit Venture Partners. This funding wil

Jul 30, 2024

Cangrade Launches Innovative Candidate Matching and Internal Talent Marketplace for Enhanced Recruitment and Employee Engagement

Cangrade has unveiled two groundbreaking products, Candidate Matching and Internal Talent Marketplace, designed to revolutionize recruitment efficiency and employee engagement. These AI-driven tools optimize talent acquisition and interna

Jul 30, 2024

UKG Names Jennifer Morgan as Chief Executive Officer

UKG, a leading provider of HR, payroll, workforce management, and culture solutions, has appointed Jennifer Morgan as its new CEO. Morgan, a former Co-CEO of SAP and a member of UKG's Board of Directors since 2021, succeeds Chris Todd, who

Jul 29, 2024