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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Culture 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
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
ColumnFast-Growing 250-Employee Business Decreases Payroll Processes up to 75% with UKG Ready
UKG, a leader in HR and payroll solutions, has enabled Purple Wave Auction to streamline operations and enhance employee experience using the UKG Ready suite. The rapidly growing online equipment auction marketplace, with 250 employees, has
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
Product NewsRippling Launches Performance Management
SAN FRANCISCO, May 08, 2024 -- Rippling , the leading unified workforce management platform, today launched Performance Management . With Performance Management, Rippling customers can run global performance review cycles with 360º feedba
Company NewsUKG to Transform Payroll Reporting with Generative AI
UKG announced at the 42nd annual Payroll Congress Convention and Expo the enhancement of payroll reporting with generative AI, termed GenAI, in its UKG Pro suite. This development introduces conversational AI capabilities, allowing payroll
EarningsPaycor Announces Third Quarter Fiscal Year 2024 Financial Results
Paycor HCM , Inc., a leader in human capital management software, reported significant growth in its Q3 fiscal year 2024 results. Total revenues reached $187.0 million, a 16% increase year-over-year, with recurring revenue growing to $172.0
Venture CapitalLegion Secures $50M Growth Investment Led by Riverwood Capital To Accelerate Market Growth and Drive Global Hourly Workforce Innovation
Legion Technologies , a leader in workforce management, has secured a $50 million funding round led by Riverwood Capital, with participation from various investors. This investment will enhance Legion's R&D and market expansion efforts, aim
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
Company NewsNew Generation of AI Platforms Set to Revolutionize the $200 Billion HR Technology Market, Says Josh Bersin Company
The Josh Bersin Company has unveiled a significant shift in HR technology with the rise of Enterprise Talent Intelligence systems. These AI-driven platforms, moving beyond mere talent acquisition, now encompass career development, leadershi
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
Venture CapitalKelly enters agreement to acquire specialty talent solutions company, Motion Recruitment Partners, LLC
Kelly , a leading global talent solutions provider, has announced a significant agreement to acquire Motion Recruitment Partners, LLC (MRP), a specialty talent solutions company. This transformative acquisition aims to bolster Kelly's scale
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
Company NewsPaycom's Stellar Q1 2024: Doubling Profits and Pioneering HCM Innovations
First Quarter Revenues of $500 million, up 11% from the comparable prior year period First Quarter GAAP Net Income of $247 million, representing 49% of total revenues, or $4.37 per diluted share First Quarter Non-GAAP Net Income of $147 mil
Company NewsUKG Names New President, GTM: Meet Rachel Barger
UKG , a leading provider of comprehensive HR solutions, today announced the appointment of Rachel Barger, the current SVP of the Americas at Cisco Systems, as its new President of Go-To-Market (GTM). Starting May 13, 2024, Barger will overs
Venture CapitalTake2 AI Raises $3M Seed Round Led by Reach Capital & SemperVirens to Transform Sales Recruiting Using AI-Powered Job Simulations
Take2 AI, a New York-based company specializing in AI-powered job simulations for sales recruiting, has secured $3 million in seed funding from Reach Capital and SemperVirens, with contributions from other notable investors. The platform ai
Product NewsWorkhuman Revolutionizes Workplace Insights, Launches Industry-First AI Assistant Powered by Unique Employee Recognition Data
Workhuman® has introduced a revolutionary feature to its Workhuman iQ platform – a generative AI assistant. This tool leverages AI to provide HR and business leaders with dynamic, real-time organizational insights derived from unique, propr
Product NewsHiBob Introduces an Integrated Applicant Tracking System for Strategic Hiring
HiBob introduces "Bob Hiring," a sophisticated Applicant Tracking System integrated into the wider HR platform, Bob. This new system, launched in New York and London, combines candidate, employee, and business data to facilitate informed d
Company NewsFrom LMS365 to Zensai: Rebranding the Future of Work and Talent Development
Zensai , formerly known as LMS365, announces its rebranding and the launch of the Human Success Platform, a comprehensive AI-powered suite aimed at enhancing talent development. This strategic move, symbolizing growth and enlightenment in t
Venture CapitalEAB to Acquire Forage to Bridge the Gap Between College and Career for Millions of Students
EAB , a leading education firm, has announced the acquisition of Forage, a premier provider of virtual job simulations, to join its talent division, Seramount. This strategic move aims to bridge the gap between college education and career
Company NewsBetterUp Names Jolen Anderson as Chief People and Community Officer
Visionary People Leader Joins Human Transformation Company AUSTIN, TX – April 4, 2024 – BetterUp , the human transformation company and pioneer of virtual coaching, today announced the appointment of Jolen Anderson as the company’s first-e
Company NewsAccenture Appoints Karalee Close as Global Talent & Organization Lead to Help Power Clients’ Reinvention with Technology and Talent
Accenture announces the appointment of Karalee Close as the leader of its Talent & Organization practice and a member of its Global Management Committee. Close brings extensive experience in transformative leadership, combining technology w
Venture CapitalITA Group acquires Cooleaf to form industry-leading employee engagement solution
ITA Group, a leader in employee engagement solutions based in West Des Moines, Iowa, has announced the acquisition of Cooleaf, an innovative recognition and rewards SaaS platform, on April 2, 2024. This strategic move enhances ITA Group's o
Venture CapitalSeso Closes $26M Series B to Build Critical Software for American Farmers
Seso , an agricultural workforce management platform, announced a $26M Series B funding round led by BOND, with contributions from Index Ventures, NFX, SV Angel, and others, including customer participants. Seso aims to revolutionize farm l
Product NewsJosh Bersin Company's Irresistible 2024 Confirms Stellar Speaker Line-Up and Global HR Leader Agenda
HR leaders from Marriott International, Microsoft, Accenture, IBM, The Coca-Cola Company and The Walt Disney Company among keynote speakers and session hosts at the third successive Irresistible AI and its challenges and opportunities exp
Company NewsWorkForce Software Receives Additional Industry Awards for Top HR Software Company of 2024 and Top Workforce Management Provider
WorkForce Software is named a Top 25 HR Software Company in 2024 by The Software Report and a Top Workforce Management Brand by DHRmap for improving employee management at leading global companies, delivering rapid ROI on workforce technolo
Venture CapitalJob Mobz Acquires Before You Apply to Revolutionize Job Search Experience
Job Mobz, a leader in recruitment solutions, has acquired Before You Apply (BYA) , a platform known for enhancing job search transparency and employer branding. This acquisition aims to transform the job search experience by offering deeper
Product NewsQuantum Workplace Launches HR Into the AI-Empowerment Era with New Suite of AI Tools
Quantum Workplace introduces innovative AI-powered features aimed at enhancing HR and managerial efficiency and effectiveness. Emphasizing culture as a competitive edge, the platform integrates tools like Smart Summary, Action Planning Idea
Venture CapitalCulture Amp is acquiring people analytics platform Orgnostic
Culture Amp, the leading employee experience platform, has announced its intention to acquire Orgnostic, a people analytics company based in Belgrade. This acquisition aims to enrich Culture Amp's AI platform with Orgnostic's data engineeri
Venture CapitalLMS365 Acquires Pioneering HR Technology Platform Valuebeat to Elevate Workplace Culture and Employee Engagement with Real-Time Human Data and Machine Learning
LMS365 , an AI-powered learning, engagement, and performance platform integrated with Microsoft 365, has acquired Valuebeat, a startup focused on enhancing company culture and employee values through data-driven insights. This acquisition s
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