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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Paychex, 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
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
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
Venture CapitalSan Diego-based Payroll Integrations Secures $20M in Series A: A Deep Dive into the Future of Employee Financial Wellness
San Diego-based startup, Payroll Integrations, has successfully raised $20 million in a Series A funding round. The company, founded by Doug Sabella and Andrew Hallengren, specializes in providing a unique integration platform-as-a-service
Venture CapitalKota Secures €5M Seed Funding: Revolutionizing Employee Benefits Management
Kota, a Dublin-based startup previously known as Yonder, has successfully raised €5 million in Seed funding. The funding round was spearheaded by EQT Ventures and saw participation from Northzone and Frontline Ventures. Established in 2022,
Venture CapitalCommon Trust Raises $2.6M in Seed Funding To Support Small Businesses to Exit Through Employee Ownership Buyouts
San Francisco, CA – Common Trust , an employee ownership buyout platform that enables small business owners to access liquidity by exiting to their employees, today announced $2.6 million in seed funding. Crossbeam Venture Partners led the
EarningsPaychex, Inc. Releases 2023 Fiscal Results
ROCHESTER, New York, June 29, 2023-- Paychex , Inc., announced the following results for the quarter ended May 31, 2023 (the "fourth quarter") and fiscal year ended May 31, 2023 ("fiscal 2023"), as compared to the corresponding prior-year p
Company NewsNelsonHall Names Paylocity a Leader in its 2023 Next-Generation HCM Technology NEAT Report
SCHAUMBURG, Ill., July 13, 2023-- Paylocity (NASDAQ: PCTY), a leading provider of cloud-based HR and payroll software solutions, has achieved a Leader ranking in NelsonHall's 2023 Next-Generation HCM Technology NEAT report for both the Smal
Venture CapitalMarsh McLennan Agency Acquires Integrity HR, Inc.
Acquisition marks launch of new national HR consulting capability. White Plains, NY, July 6, 2023 – Marsh McLennan Agency , a subsidiary of Marsh, today announced the acquisition of Integrity HR, Inc. , a human resources consulting firm ba
Company NewsRemote and Gusto launch global employment and compliance partnership for U.S. companies
Remote work was the beginning. Distributed work is the present — and the future — for businesses looking to hire the best people. Today, Remote and Gusto are establishing a new partnership to help SMBs in the United States access global tal
Company NewsU.S. Retirement & Benefits Partners Announces Partnership with The Vistria Group, LP
Iselin, NJ, June 21, 2023 — U.S. Retirement & Benefits Partners (USRBP) , a leading national provider of employee benefits and retirement planning services, announced today a strategic partnership with The Vistria Group, LP (The Vistria Gro
Venture CapitalOrigin acquires Finny to Fill a Critical Gap in Workplace Financial Education
Acquisition will help Origin users improve global financial literacy and debt management with more complete toolkit for smarter financial planning BOSTON, June 05, 2023 -- Origin , the startup reimagining financial wellness in the workplace
Venture CapitalNew York-based Salt Labs, Founded to Eradicate the Wealth Gap Disparity for Frontline Workers, Raises $10 Million in Pre-Seed Funding Round
NEW YORK , March 29, 2023 -- Salt Labs (saltlabs.com), a new loyalty and payments technology company today announced it has raised $10 million in a pre-seed funding round. The financing was led by Fin Capital with participation from Anth
Venture CapitalMercer acquires Leapgen, furthering investment in digital HR strategy market
Mercer, a global leader in redefining the world of work and a business of Marsh McLennan (NYSE: MMC), today announced the acquisition of Leapgen , a leading Human Resources (HR) technology advisory firm focused on digital strategy and tran
Venture CapitalParis-based Brigad Raises $30 Million for its Freelancer Marketplace for Hospitality and Care Workers
French startup Brigad just raised a new $30 million funding round (€28 million) as well as more than $5 million in debt. The company operates a marketplace for restaurants, caterers, private clinics, retirement homes and hospitals so that t
Company News13.86 billion -2022 Global Investment and Financing in HRTech
According to DHR statistics, 412+ investment and financing events were generated globally in the past 2022, with a total investment and financing amount of $13.86 billion in the global HRTech field. Among them, by quarter, we can see that Q
Venture CapitalHub International Strengthens Employee Benefits Solutions With Acquisition of the Assets of Grace & Porta Benefits in Michigan
CHICAGO , Jan. 12, 2023 -- Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced today that it has acquired the assets of Grace & Porta Benefits, Inc. (Grace & Porta Benefits). Locate
Venture CapitalSkilled Trades Hiring Tool Classet Raises $3 Million
CHICAGO — Classet , a recruiting and training software startup for skilled trades companies, today announced that it has raised a $3 million seed round. This initial funding round will be used to scale out their platform and enable more tr
Venture CapitalArthur J. Gallagher & Co. Acquires Buck For 660 Million
ROLLING MEADOWS, Ill. , Dec. 20, 2022 -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced an agreement to acquire the partnership interests of BCHR Holdings, L.P., dba Buck. The transaction is expected to close during the first half
Venture CapitalLondon-based Ben Raises $16M Series A for the Future of Global Benefits
Today, we are beyond excited to share that we have raised a $16m Series A to continue building the future of global benefits. This fresh funding will enable us to move even faster in making benefits work for everyone, everywhere and bring
Venture CapitalGuild Closes $175 Million in Series F Financing to Accelerate Mission, Expand With New Employer Partners in Dynamic, In-Demand Sectors
Denver, CO, June 02, 2022 (GLOBE NEWSWIRE) — With competition for frontline workers fiercer than ever due to structural shifts in the labor market, Guild , a Career Opportunity Platform, today announced a $175 million Series F financing ro
Venture CapitalCompt Raises $13 Million Series A Financing Led by Battery Ventures
BOSTON-- Compt , an employee perk stipend software company optimized for today’s more-flexible workplace, today announced a $13 million Series A investment led by Battery Ventures. The funding comes after a year of rapid growth, nearly 500%
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