HR tech company Phenom People announces $30M Series C

Phenom People | January 16, 2020

Ambler-based human resources tech company Phenom People announced Thursday that it had raised a $30 million Series C round of fundraising to continue developing its products and do quite a bit of hiring. The round is led by WestBridge Capital, an investment firm with locations in Mauritius, Bangalore and California. Also participating are New York-based AllianceBernstein Private Credit Investors’ Growth Stage Capital and a handful of existing investors, including Bryn Mawr’s Karlani Capital. The HR tech company last fundraised in 2018, announcing a $22 million Series B to allow the org to expand its operations to Europe and the Asia Pacific. This time around, the raise will go toward continuing to expand its tech, the Phenom Talent Experience Management Platform, and continue growth of the company. The platform currently takes into account four stakeholders — candidate, recruiter, employee and management — to reduce time to hire and cost per hire.

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An HR technology stack is a must-have for any modern People team. Selecting the right combination of relevant technologies helps HR professionals to manage, execute, analyze, and optimize all of their People practices — and we mean all.


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HR ANALYTICS,EMPLOYEE EXPERIENCE

Sapia.ai to invest in bringing the best kept secret in HR tech to America

Sapia | December 14, 2022

Following its phenomenal success in transforming hiring for some of Australia's biggest retail brands, Sapia.ai is excited to grow its share of the US market in 2023 with the appointment of Russell Mikowski as President, Americas. Mikowski brings a significant depth of knowledge around the HR tech ecosystem, having previously served as the head of sales for both iCIMS and Symphony Talent. I can't wait to show people what Sapia is capable of, Mikowski said. This technology is going to revolutionize talent acquisition. Sapia addresses commonly occurring pain points like cost-per-hire, time-to-fill, and hiring accuracy in an unbiased manner and in a way that no other product on the market can - at a time when recession-proofing recruiting process is top-of-mind for many North American businesses. The increasing focus on skills-based hiring (something resumes are of little help with) has tilted HR tech's brightest spotlight towards products that can effectively screen and assess applicants' likelihood to perform well in a given role. Sapia is a chat-based interview that candidates complete on their phone. It uses AI to analyze text from the chat to uncover a candidate's suitability for a job, giving everyone who desires one the opportunity to get a first interview and delivering personalized feedback about their strengths and weaknesses (not only to the hiring team, but also to the candidate). That's right - with Sapia, there's no "black hole" - every candidate who takes the chat interview gets feedback. This is especially valuable in the retail world where job applicants are also buyers and a poor candidate experience could reduce their brand loyalty as consumers. People are being blown away by Open AI's ChatGPT and the way it answers general knowledge questions in such a human-like and accurate manner. This is the "new frontier of AI." Sapia utilizes similar technology to give recruiters and hiring managers an accurate understanding of the "person behind the resume." Even amongst those who don't get the job that they've applied for, 96.7% of candidates report that they find Sapia's feedback useful. Sapia's average candidate happiness score is 8.8/10 - and there's minimal variability across gender and race indicating that the experience is inclusive and not strongly preferred by one group over another. Candidates that reported a disability or EASL have even higher than the average candidate happiness scores! Sapia is thinking about AI and its implications in a very different way from most other HR tech providers by applying it through a human lens that is both ethical and beneficial to the world, Mikowski said. It does this all while creating as little friction as possible for both candidates and hiring managers. And, by ethically utilizing AI, Sapia removes the likelihood that human bias for or against particular races, ethnicities, genders, ages, sexual orientations, or different abilities will creep in during the applicant screening process. "Having worked in HR Tech for over fifteen years I can say that it's hard to come across products that actually deliver on the promises they make, Every company in this space markets their offering as having a positive impact on DE&I, but the actual results are often negligible. Sapia's product and mission are making a truly meaningful contribution to equitable hiring, and we're just scratching the surface!" -Mikowski About Sapia Sapia's mission is to help companies unlock and engage talent at scale. With its blind, automated chat interview and comprehensive DEI analytics platform, Sapia's technology is the first solution of its kind to disrupt biases that affects traditional recruitment processes – resulting in fair outcomes for candidates and companies.

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HR ANALYTICS,RECRUITMENT & RETENTION

Crosschq Named Best in Class HR Technology for Recruitment by 2022 HRO Today Association Awards

Crosschq | December 01, 2022

Crosschq, pioneers of the Talent Intelligence Cloud™, which is powering a revolution in data-driven hiring and people analytics, today shared that it was recently named the Best in Class HR Technology for Recruitment in North America by the 2022 HRO Today Association Awards. For more than 15 years, the HRO Today Association has recognized company and individual accomplishments in human resources, technology, and leadership around the world. This year’s North America and EMEA program garnered hundreds of submissions, with 71 selected as finalists. The awards for these regions were presented during the virtual HRO Today Association Conference, which took place on November 16, 2022. Of those named as finalists, 37 companies and individuals, including Crosschq, took home awards during the ceremony. “With the HRO Today Association Awards, we aim to recognize the companies and individuals advancing the HR function. What Crosschq provides improves upon several of the challenges and pain points that talent teams frequently lament. It emphasizes transparency and collaboration while identifying process inefficiencies and delivers critical insights. Crosschq is truly a best-in-class recruitment solution, and we congratulate them on this win.” -Elliot Clark, CEO & Chairman of SharedXpertise, publisher of HRO Crosschq CEO Mike Fitzsimmons shared, As an organization, Crosschq is aligned around a common goal: to redefine hiring success. And we know that to help HR and TA leaders create diverse, winning teams, they need access to actionable data and insights that supports Quality of Hire. The solutions we deliver reflect that, and on behalf of the Crosschq team, I would like to express our gratitude to the HRO Today Association for this tremendous recognition. About Crosschq Crosschq is powering a revolution in data-driven hiring and people analytics to help companies better recruit and retain talent. Crosschq’s Talent Intelligence Cloud™ provides solutions across the new hire lifecycle to help enhance sourcing, screening, and onboarding of new hires while providing a single source of truth for customers to accurately measure Quality of Hire. The company’s AI-driven cloud-based SaaS solutions were built with a talent-first approach, prioritizing trust and transparency, minimizing bias and protecting privacy. Leading innovative companies like Pinterest, HubSpot, Snowflake, Saks Fifth Avenue, Roku, Upwork, and DISH trust Crosschq to help build diverse winning teams. Founded in 2018, Crosschq is backed by Tiger Global Management, GGV Capital, Bessemer Venture Partners, SAP.iO, Okta Ventures, Slack / Salesforce and Rocketship.vc.

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HR ANALYTICS,WORKFORCE MANAGEMENT

OptimusHXM: Pay Portal Now Available on SAP® Store

Veritas Prime | December 12, 2022

Veritas Prime today announced that its OptimusHXM: Pay Portal is now available on SAP® Store, the online marketplace for SAP and partner offerings. OptimusHXM: Pay Portal is built on SAP Business Technology Platform (SAP BTP) using SAP Integration Suite and integrates with SAP® SuccessFactors® Employee Central and SAP® SuccessFactors® Employee Central Payroll, delivering terminated employees self-service access to their pay slips and year-end tax documents. "Our application has served over 10,000 unique users since our first official deployment just a few short months ago, We're excited to offer our SAP-certified solution on SAP Store, just in time for year's end when employers are preparing to distribute W-2s to terminated employees by the January 31 deadline." -Austin Gunter, Product Portfolio Manager at Veritas Prime Once terminated, employees lose access to their pay slips and W-2/T-4 tax documents that were conveniently accessible in the SAP SuccessFactors employee profile. This SAP SuccessFactors extension solves this gap effortlessly by emailing the personal address on file once an employee becomes inactive. They click the link and instantly, their access is restored to these critical documents. The OptimusHXM: Pay Portal reduces Human Resources (HR) workload and costs by giving terminated employees self-service access to the online portal to download their pay slips and removes the burden from HR to ensure the documents are printed, stamped, mailed etc. It gives employees an off-boarding process due to the secure and simple login instructions that are sent directly to their personal email immediately after the termination becomes effective in SAP SuccessFactors Employee Central. Former employees inundating the HR Support with requests for these documents is a thing of the past. Veritas Prime is a partner in the SAP® PartnerEdge® program. The SAP PartnerEdge program provides the enablement tools, benefits and support to facilitate building high-quality, disruptive applications focused on specific business needs - quickly and cost-effectively. About Veritas Prime Veritas Prime, based on its founding principle of "truth and excellence," is dedicated to providing clients the best service through a consultative approach. An SAP gold partner with SAP Recognized Expertise in SAP SuccessFactors solutions, Veritas Prime is a premier consulting firm specializing in Human Experience Management technology and specifically SAP SuccessFactors solutions. Veritas Prime supports organizations to transform their employee experience via best-in-class solutions, SAP SuccessFactors with a full hire-to-retire solution, including fully outsourced payroll services, time and attendance, and benefits solutions, while also supporting customers post-go-live through its unique tool.

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WORKFORCE MANAGEMENT,HR STRATEGY

This HR Tech Company is Solving the Everyday Pain of People Management Challenges for Managers

Culturro | November 28, 2022

Culturro today announced the launch of Risely, an AI coach for people managers and leaders. Risely helps managers in real-time to solve their daily people challenges and, in turn, helps them create high-performing teams. "In my 17 years of career, I have worked with several managers and been a manager to many. In the last five years, we have worked with 200+ managers, and one thing became clear, managers are pivotal for any organization. Managers must ensure that the team performs optimally and meets or exceeds the management's expectations. The team and manager's working relationship impacts the end performance of the team. But often, managers are unaware of their blindspots and have little idea where things go wrong. They deal with different challenges with different people on the team. Bad working relationships impact the careers, health, and well-being of everyone involved. This is why we designed Risely," - Ashish Manchanda, Founder & CEO at Risely Leadership and Manager development is ~30Bn $ market growing 10% annually. But we still observe trends such as #TheGreatResignation and #QuiteQuitting. So, what's missing, we asked ourselves. Most current solutions fail at some point and don't create the correct impact for their clients. There is a clear need for a solution that focuses on people managers' problems, is in the flow of work, works consistently at scale, and doesn't bite the pocket, added Ashish. According to the statement from the company, Risely has been in early access so far with a host of managers from Fortune 500 companies such as SAP, Zalando, Wayfair, Axtria, Caastle, Incedo, Micron, Byju's, and AES, among others. These managers have not only been the early users of the product but have also helped shape it since the early days. Risely has been a game-changer for my team and me. The customized tips my team and I get daily have helped us create stronger working relationships. We are more confident in our ability to deliver on our objectives, says Prashanth BN, AVP Technology at Byju's, an early Risely user. Risely is simple to set up. The manager starts by configuring their details and the challenges they face with the team. They have the option to customize challenges for different team members. Once set up, Risely creates a Learn Journey, a step-by-step process through which Risely starts guiding the manager daily. The learning comprises a daily bite-sized learning tip focused on one challenge or skill in the Learn Journey or a detailed toolkit the manager gets at stipulated times. The manager can track their progress through different skill assessments built into the system. Additionally, Risely is offering a host of resources such as toolkits and leadership skills self-assessments for Managers. About Culturro Culturro is an HR tech company leveraging AI and People Science to solve organizational problems.

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Spotlight

An HR technology stack is a must-have for any modern People team. Selecting the right combination of relevant technologies helps HR professionals to manage, execute, analyze, and optimize all of their People practices — and we mean all.

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