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A Week in HR Tech – TecHR Round-up for 9th December 2019

Quote of the Week

Top News of the Week

Monster Launched Mobile Video App Using Brightcove’s Video Platform

Monster.com, a global leader connecting people and jobs, selected Brightvcove as its partner of choice for its new Monster Studios mobile video app. The said video app enables recruiters to seamlessly record, edit, and publish video job descriptions from their smartphones. The integration of video into the job process now allows for a more authentic recruitment process for both the recruiters and the candidates.

Recruitment Agency Hire Dynamics Acquired Trace Staffing Solutions

Headquartered in Atlanta with 36 branches in Georgia, North Carolina, South Carolina, and Tennessee, Hire Dynamics is an award-winning staffing firm offering superior services to both candidates and clients. It recently acquired Trace Staffing Solutions that has 16 branches in North Carolina, South Carolina, Northern Florida, and Virginia, with remote onsites in Alabama, Illinois, and Texas. Hire Dynamics senior leadership remains intact while Trace Staffing’s senior leaders have joined Hire Dynamics. As a result of this acquisition, the joint companies will now serve over 2,000 clients and put more than 10,300 people to work each week.

Paycor Added Three New Hires to its Executive Leadership

HCM company Paycor announced three strategic additions to its executive team. Joe Meyer was appointed as Chief Technology Officer (CTO), Brett Meager as SVP of Client Service and Loyalty, while John Warcop was named to the position of SVP of Implementation.

“One of our strategic growth pillars is to develop an HCM solution bundle that wows companies, whether they have 10 employees or 1,000. To execute, it’s imperative that we have strong technology leadership and industry expertise. The appointment of our CTO will enhance our capabilities and leadership as a technology provider, while our two new Senior Vice Presidents will maintain our commitment to delivering expert service.” – Raul Villar, Jr., CEO of Paycor.

Sage Acquired Native Cloud HR Solution, CakeHR

Business Solutions firm Sage announced its acquisition of  CakeHR, a native cloud solution that simplifies and automates HR tasks for SMBs. The partnership will help drive productivity for the small businesses and CakeHR will be able to further its vision of providing an easy-to-use, powerful, and always-accessible HR software platform.

WeWork Opens Monthly Record Number of New Buildings

Following notorious leadership changes and mass layoff, the coworking space provider WeWork reported that it has already opened a record 52 new buildings in cities across the world in December, with plans to open more in the same month. The firm continues to see strong demand for its Space-as-a-service platform, signing more than 280 new enterprise companies in the past 90 days.

“WeWork continues to provide an exceptional member experience, as we meet the evolving and global real estate needs of companies across our regions,” said Marcelo Claure, Executive Chairman of WeWork.

Q&A with the expert

How can a strong D&I culture also help achieve core business goals?

TecHR Interview with Ian Cook, VP of People Solutions at Visier

“Diversity, when groups work effectively, has been positively correlated with innovation and better problem-solving. The blend of different perspectives generates a better overall result. This is key helping organizations succeed.”

“Additionally, in organizations with large customer-facing staff groups, a wide range of diversity has been shown to improve customer loyalty – leading to return spend.”

Excerpts from TecHR Interview with Ian Cook, VP of People Solutions at Visier

 

Research and Findings

Younger Generations 4x More Likely to Expect Yearly Promotions and Pay Raises Than Baby Boomers – Clutch

As per a new survey by Clutch, younger professionals are 4 times more likely than baby boomers to expect hard job advancements such as promotions and pay raises every year. While only 12% of workers over the age of 55 expect hard job advancements, around half of those between the ages of 18 and 54 expect yearly pay raises and promotions.

How Will the Updated Form W-4 Impact American Workforce and Non-resident Aliens – ADP

Not very long ago, IRS (The Internal Revenue Service) released a substantially revised Form W-4, Employee’s Withholding Certificate, which will feature a refreshed look and several new input fields that will replace the familiar “withholding allowances” box. The changes and the impact the updated Form W-4 will have on the workers were addressed and explained by ADP.

“While the updated form may initially elicit some confusion for employees, these important changes will ultimately simplify the ability to set and adjust withholding to achieve desired results, such as a specific tax refund amount,” said Pete Isberg, vice president of government affairs of ADP.

48% Of Companies That Offer Year-End Bonuses Plan To Increase Them – Robert Half

According to a survey by Robert Half, roughly 3 in 4 employers give out year-end bonuses and more than 50% of those surveyed expected a bonus this year. Rober Half study noted that around half of the respondents were positive of receiving a fatter paycheque. Almost all the respondents said that their organizations planned to either increase these incentives (48%) or keep them the same (48%) this year. Only 4% anticipated reducing the amount given to employees.

From the team at TecHR Series

Why Employee Engagement Is NOT the Sole Responsibility of Just Your HR Head?

APQC found in a recent survey that a majority of companies increased employee engagement spendings last year while 60% planned to increase their activities and spendings in the area over the course of the next 12 months. What does this mean? The more organizations focus on engaging with their employees, the more it will help them build quality products and services as a result! Read the article to understand why is employee engagement so important and why it shouldn’t remain confined to the HR professionals’ KRA at your company.

Is Paychex Flex All Your Company Needs for its Human Capital Management Needs?

One of the leaders in the world of HCM solutions, Paychex offers multiple products and services for companies of all sizes and industries. In this review, we take a quick look at the suite of Paychex products/services and try to understand what makes Paychex Flex a solution of choice when it comes to HR, payroll, and benefits information.


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