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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Papaya Global Unveils Rapid Payroll Platform: Global Compliance in 4 Weeks!
Papaya Global is revolutionizing payroll and payments for multinational companies with its tech-first platform, capable of streamlining global payroll processes in just four weeks, a stark contrast to traditional methods that take years. By
Company NewsSmall and Mid-sized Businesses Simplify Payroll with UKG Ready
The UKG Ready ® HR Suite has been recognized on the Constellation ShortList™ for SMB HCM Suites, marking it as a top choice for small and mid-sized businesses in North America. The suite offers comprehensive tools for HR, payroll, and ti
Venture CapitalMilan-Based Skillvue Raises $2.8M to Lead Skills-Based Recruitment Revolution
Skillvue , an HR tech startup based in Milan, announced a $2.8 million funding round for its AI platform, which facilitates a skills-based approach in recruitment, talent development, and internal mobility. Founded in 2021 by Nicolò Mazzocc
Venture CapitalPangeam Secures $4.25 Million Seed Funding to Launch Revolutionary AI-Powered Workplace Analytics Platform
Pangeam has introduced an innovative enterprise B2B SaaS platform designed to enhance workplace environments through advanced social-spatial analytics. Leveraging anonymous AI sensing and deep learning, the platform offers insightful metric
Company NewsFTC Takes Action Against Care.com for Deceiving Caregivers About Wages and Availability of Jobs on its Site, Impeding Cancellation Process
The Federal Trade Commission (FTC) has filed a lawsuit against Care.com for misleading advertising regarding the availability of caregiving jobs and the potential earnings from these jobs, which were often overstated. The company also made
Product NewsThe Josh Bersin Company Launches HR Career Navigator: The World's First AI-Powered Development Coach for HR Professionals
The Josh Bersin Company has launched the HR Career Navigator™, the world’s first AI-powered development coach specifically designed for HR professionals. This platform leverages over 25 years of research combined with Eightfold’s Talent Int
Company NewsUpwork Shatters Financial Records with $22.2M Net Income in Q2 2024
Upwork Inc. (Nasdaq: UPWK), reported its financial results for Q2 2024, showcasing a robust performance with a record GAAP net income of $22.2 million and a 15% year-over-year revenue growth to $193.1 million. The company achieved a dilute
Company NewsNetchex 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
Company NewsInsperity 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
EarningsADP 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
Company NewsUKG 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
Product NewsTalkpush Unveils Sam: The AI-Powered Voice Interviewer Transforming Recruitment
Talkpush has introduced Sam, an AI-powered voice interviewer that leverages generative AI, NLP, and machine learning to offer real-time, personalized interactions with job candidates. This innovative tool processes candidate profiles inst
Venture CapitalPassionfruit Closes $9m Series A Funding to Scale its Platform for Independent Work
Passionfruit , a London-based start-up founded in 2022, has secured $9 million in Series-A funding from prominent investors, including Seaya, Firstminute, and Playfair Capital. The platform connects freelance workers with companies such as
Venture CapitalWorkstaff closes $1.6M CAD in seed funding for the next phase of its workforce management software
Workstaff , a Montreal-based provider of workforce management tools, has secured $1.6M CAD in seed financing from Impulsion PME and Anges Québec. This investment will facilitate Workstaff’s global expansion and enhance its platform, which a
Product NewsOracle Helps HR Teams Boost Employee Productivity and Drive Success
Oracle has introduced new user experience capabilities within Oracle Fusion Cloud Human Capital Management (HCM) , known as Oracle Activity Centers . These centers, designed with Oracle's Redwood user experience, are tailored for employees,
Product NewsLattice to Become the First Company to Introduce Digital Worker Employee Records
Lattice has made a groundbreaking announcement as the first company to introduce official employee records for digital workers. Recognizing the profound impact of AI on the global workforce, Lattice aims to ensure transparent and accountabl
Venture CapitalPhenom Acquires Tydy, Expanding Platform to Seamlessly Onboard Employees
Phenom has acquired Tydy, enhancing its Intelligent Talent Experience platform by incorporating Tydy's advanced preboarding and onboarding capabilities. This integration aims to create a seamless, efficient transition from hire to productiv
Venture CapitalKarmaCheck Secures $45M Series B to Revolutionize Background Checks with AI Technology
KarmaCheck , a leader in technology-based background checks and credentialing, announced a $45 million Series B funding round led by Parameter Ventures. Founded by LinkedIn co-founder Eric Ly, KarmaCheck leverages advanced technology and AI
EarningsPaychex, Inc. Reports Fourth Quarter and Full Year 2024 Results
Solid Total Revenue Growth and Operating Margin Expansion Full Year 2024 Diluted EPS Growth of 9%; Adjusted Diluted EPS (1) Growth of 11% Issues Fiscal 2025 Business Outlook ROCHESTER, N.Y.--( BUSINESS WIRE )--Paychex, Inc. (the "Company,"
Product NewsCeipal Launches Ceipal Copilot To Supercharge Staffing, Recruiting, and Candidate Engagement
Ceipal , a leader in staffing software, has introduced "Ceipal Copilot", an advanced tool integrating AI to enhance recruitment efficiency. Designed for the dynamic demands of modern recruitment, especially with the tech-savvy Generation Z
EarningsKorn Ferry Announces Fourth Quarter and Full Year FY'24 Results of Operations
Korn Ferry reported its Q4 FY'24 fee revenue at $690.8 million, a 5% decrease from the previous year, and full-year revenue of $2.76 billion, down 3%. Despite the revenue decline, the company saw improved profitability with Q4 net income of
Company NewsWorkTango Appoints Monique McDonough as Chief Executive Officer
AUSTIN, Texas, June 03, 2024- WorkTango , an award-winning employee experience platform, today announced the appointment of Monique McDonough as Chief Executive Officer. McDonough, who previously served as Chief Operating Officer at WorkTan
Product NewsCulture Amp’s Generative AI roadmap: Looking ahead
In an evolving workforce landscape, Culture Amp leverages generative AI through a partnership with Google Cloud's Vertex AI to enhance HR capabilities. By introducing AI-powered Comment Summaries, HR leaders can quickly understand employee
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
EarningsRecruit Holdings Reports FY2023 Earnings with ¥3,416.4 Billion Revenue and Significant Profit Growth
Recruit Holdings Co., Ltd. announced its financial results for FY2023, showing a slight revenue decrease but significant profitability improvements. Revenue was ¥3,416.4 billion, down 0.4%, while adjusted EBITDA rose 9.8% to ¥598.3 billion.
EarningsHireRight Reports First Quarter 2024 Results
HireRight Holdings Corporation reported its Q1 2024 financial results, revealing a slight decrease in revenue to $173.2 million from $175.4 million the previous year, and a net loss of $3.3 million, an improvement over last year's $7.9 mill
EarningsHeidrick & Struggles Reports Strong Q1 2024 Earnings, with Strategic Acquisitions Boosting Growth
Heidrick & Struggles International, Inc. reported an 11% year-over-year increase in quarterly revenue, totaling $265.2 million for Q1 2024. The company also declared a quarterly cash dividend of $0.15 per share. Despite the acquisitions of
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
EarningsUpwork Reports First Quarter 2024 Financial Results
Upwork Inc. reported a robust Q1 2024 with a significant increase in net income to $18.4 million and Adjusted EBITDA to $33.3 million, marking substantial improvements from the previous year. The company announced a 19% year-over-year reven
Company NewsAnnouncing Our 2024 Workday Partner Innovation Award Winners
These awards honor select services and software partners for their commitment to our customers’ success, demonstrated by their innovative extensions of Workday solutions. Read on to learn this year’s winners. In this article we discuss: Wor
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