HR ANALYTICS
Oyster | June 22, 2021
Oyster®, the company that makes hiring talented people around the world compliant, human, and delightful, today announced it has raised a $50 million Series B funding round, led by Stripes with the continued participation of existing investors Emergence Capital and The Slack Fund and with the addition of Avid Ventures.
On the heels of the announcement of Oyster's $20M Series A just this past February, this new Series B investment allows Oyster to expand its HR platform to more countries around the world and continue to empower globally distributed companies to succeed on the world stage.
Spurred by the surging demand from companies of all types and sizes eager to conveniently and confidently hire remote employees in multiple countries, Oyster® has experienced dramatic growth in the last year. The team has grown 5X and the customer base has grown 8X so far in 2021. Revenue increased by 8X since the beginning of the year, from a growing number of Distributed HR offerings, including multiple modes of employment (for both Contractors and Full-Time Employees), and an assortment of Benefits catering to the special needs of distributed teams. Oyster® has also expanded its country coverage to 91 countries which account for more than 95% of the employable knowledge workers of the world. Those countries include India, Egypt, Peru, the Philippines, Lebanon, Thailand, Nigeria among others from the developing world.
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HR ANALYTICS
GoCo.io | July 06, 2021
GoCo.io, a leading provider of cloud-based HR, benefits, and payroll software, unveiled new features today as part of an ongoing effort to make GoCo the most diverse, fair, and inclusive HR software for small and medium-sized businesses.
With more businesses than ever highlighting the importance of countering systemic racism, sexism, homophobia, and transphobia (among other things) in the workplace, GoCo is rising to provide technology and education solutions to assist HR professionals and business leaders in advancing their DEI initiatives.
The following are some of the new feature highlights:
• Gender-inclusive HRIS: HR administrators in GoCo can now choose whether and how to collect or display Pronouns, Legal Sex (for Benefits administration purposes), Preferred Names, and other information.
• Holidays that are racially and ethnically diverse: GoCo has introduced Juneteenth and Indigenous Peoples Day as holidays that HR managers can add to their company calendar at their choice. Custom holidays can also be created to reflect the values of a company.
• Reporting of harassment and anonymous feedback: GoCo’s renowned Workflows tool has been extended to allow employees to submit workflows anonymously and securely, without fear of retaliation. Some frequent use-cases include allowing employees to report sexual harassment or racial discrimination anonymously and sending anonymous comments or recommendations to supervisors or HR. This functionality also allows HR, managers, and the anonymous employee to have two-way discussions without exposing the person’s identity.
“The last year has been a period of reckoning for small businesses, as well as a period of awakening for HR professionals who are feeling newly empowered to make profound and meaningful changes to how humans are treated in the workplace,” said Allie Collins, GoCo’s Director of Marketing and Head of the DEI Taskforce. “At GoCo, we are pleased and excited to be a part of that transformation, and these new capabilities are an important step forward in providing HR with the tools they need to pioneer the next frontier of inclusivity.”
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WORKFORCE MANAGEMENT
Panoramix | January 18, 2021
Panoramix, a creative guide technology platform focused in on execution revealing and billing, reported today a new technology architecture, "Asynchronous Processing" that will furnish consultants with new efficiencies and time investment funds through equal preparing of information escalated workflows.
Because of this new innovation, counselors can start an information concentrated cycle in Panoramix, for example, Book of Business reports, Quarterly Billing and other firm-wide workflows, while simultaneously having the option to run reports, react to customer demands and access key data in the Panoramix environment.
"With this new improvement in Panoramix, advisors no longer need to wait until a big project such as quarterly billings are complete in order to access other functionalities in Panoramix," said Chris Hastings, CEO of Panoramix. " Presently consultants can essentially present these kinds of huge cycles in Panoramix and continue on ahead of working with customers and dealing with their firm operations. This will be a huge life hack for our customers and we are exceptionally eager to have the option to keep on putting resources into the platform to make Panoramix considerably more useful and valuable.
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