HR ANALYTICS

InfoEdge acquires HR Tech firm DoSelect for INR 21 Cr

InfoEdge Ltd | July 26, 2021

InfoEdge Ltd., the parent company of one of India’s biggest recruitment portal, Naukri.com. According to the latest news, InfoEdge Ltd. has acquired 100% shares of a company DoSelect.com at INR 21 Cr.

DoSelect is a data-driven skill valuation platform for hiring and skilling individuals, co-founded by IliyasShirol and Rohit Agrawal in 2015. It raised seed backing from investors including Mohit Saxena (Co-founder, InMobi), and Mumbai Angels, 3one4 Capital, Aarin Capital.

The Human Resource tech firm uses data-driven valuation intelligence in the employment lifecycle. It has allowable its users to make smart decisions by arraying successful solutions in the acquisition, onboarding, deployment, upskilling, and employee engagement. It has a solid customer base of over 150 clienteles including enterprises, SMEs, and startups.

This acquisition will further boost InfoEdge Ltd. as a market leader in the recruitment sector with a sharp focus on HR tech-based, end-to-end hiring processes.

As part InfoEdge, DoSelect will offer an intelligent decision engine to help companies shortlist relevant applications more effectively for different jobs roles. In addition, with this InfoEdge Ltd. will offer a new service under its flagship brand Naukri.com.  In June 2021, Info Edge also made a new agreement to acquire 100% of Zwayam Digital Pvt Ltd. shares. This entity operates Zwayam, an AI and ML-powered recruitment management software platform.

Spotlight

While older generations will no doubt lament the demise of paper-based newspapers, books, communication methods and traditional TV and radio broadcasts, those who have grown up with the internet and mobile phones as a right, are already embracing the brave new world of digital consumption. The facts are that digital methods of communication and marketing are faster, more versatile, practical and streamlined, so it is perhaps unsurprising that once the technology became available we began quickly moving into the digital age.


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HR PRACTICE,HR STRATEGY

Cognizant to Expand Workday Expertise and Services with Acquisition from OneSource Virtual

OneSource Virtual and Cognizant | November 03, 2022

Cognizant (NASDAQ: CTSH) has entered into an agreement to acquire the professional services and application management practices of OneSource Virtual, a Workday partner based in Dallas, Texas. Acquiring these practices will complement Cognizant's existing finance and HR advisory implementation services with Workday, expanding capabilities in consulting, deployment, and post-deployment support across North America and the United Kingdom. "Adoption and migration to the cloud to manage workflows is only accelerating, and the Workday platform ecosystem continues to be embraced as a critical tool to provide finance, HR, and other functions greater resiliency and agility. Acquiring the professional services and application management practices from OneSource Virtual enables Cognizant to expand our client offerings and provide end-to-end support in the business transformation journey, We are pleased to be welcoming the talented professionals from OneSource Virtual who will join Cognizant in growing and expanding our Workday capabilities globally." -Rob Vatter, Executive Vice President of Cognizant's Enterprise Platform Services Cognizant will gain nearly 400 new employees upon closing of the acquisition, enhancing its expertise and number of professionals holding certifications in Workday implementation and support. Located throughout the United States, Canada, and the United Kingdom, these individuals will join Cognizant as part of its Collaborative Solutions team, the hub of Cognizant's Workday practice. Acquired by Cognizant in 2020, Collaborative Solutions is one of the longest-tenured Workday Services Partners. We believe that our shared value of customer centricity makes Cognizant the ideal home for our professional services and application management services businesses while we concentrate on the Business Process as a Service (BPaaS) division going forward, We also believe customers will appreciate the way this sharpens the focus of the professional services, application management, and BPaaS teams and enables them to operate independently to speed up investment in new products and geographical expansion. In the end, what we are all about is providing growth and innovation for our customers, and we are confident that this will enhance our ability to do that more effectively,said Trey Campbell, Chief Executive Officer, OneSource Virtual. We are excited about Cognizant's acquisition of OneSource Virtual's professional services and application management practices, We look forward to continue partnering to help our customers embark on their digital transformation journeys and equip leaders with the finance and people insights they need to respond to shifting business needs,said Sam Alkharrat, Chief Partner Officer, Workday. The acquisition is anticipated to close by year-end 2022, subject to satisfaction of closing conditions. Financial details were not disclosed. About OneSource Virtual OneSource Virtual is a leading provider of Workday Services, Solutions, and Products. Founded in 2008 in Dallas, Texas, OSV operates in North America and Europe to deliver outcomes that boost productivity, improve compliance, and increase internal capacity for over 1,300 customers around the world. Since its founding, OSV has been awarded numerous accolades and has a 98% retention rate. OSV's leadership teams are composed of highly experienced professionals in their respective fields. Together they offer the expertise and deep knowledge of the global marketplace to deliver comprehensive solutions and services for HR and Finance and Accounting. About Cognizant Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we're improving everyday life.

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WORKERS COMPENSATION

SEB Aligns Global Compensation Processes Using beqom

beqom and SEB | November 18, 2022

beqom—a provider of cloud-based total compensation and continuous performance management solutions today announced the successful deployment of its total compensation solution at Skandinaviska Enskilda Banken AB (SEB), one of Europe’s oldest and most prestigious financial institutions. The bank selected beqom to replace their partly spreadsheet-based processes and manage total compensation for their 16,000 employees across 20 countries. They sought to align global rewards processes, reduce time spent on administrative tasks, and compile compensation data from many different sources that could be accessed as needed by managers and other stakeholders to support informed decisions on a daily basis. “We have a diverse, growing, and highly regulated business and needed a comp system that could cater to our needs, handling both global and local requirements. Our previous system relied on many exceptions and manual workarounds that were time consuming, introduced risk, and created compliance challenges. We’ve been running our total compensation processes on beqom for over a year now, and it has saved our HR comp team a lot of time, reduced risk, helped standardize and align our processes, and provided a great experience for our users. The feedback from stakeholders—managers, HR partners, CFOs in the businesses—has all been very positive.” -Mattias Bergman, Process Owner Variable Remuneration C&B at SEB About beqom beqom is a cloud-based provider of continuous compensation and performance management solutions that deliver personalized total rewards aligned with meaningful behaviors, goals, and skills. The solutions transform how companies reward and recognize their people, attract and retain top talent, and address pay equity and transparency. Managing all forms of employee compensation, beqom unifies all performance and reward processes to create a meaningful, people-centric experience across employee touchpoints, providing feedback, coaching, and rewards. beqom’s fully configurable solution integrates seamlessly into core HR suites, providing companies of any size and industry, such as Mercedes Benz, PepsiCo, Golub Capital, and DHL, with the flexibility needed to execute their performance and reward strategies and make the most of their human capital. About SEB Founded in 1856, SEB divisions include Large Corporates & Financial Institutions; Corporate & Private Customers; Baltic; Life; and Investment Management. Profits in 2021 totaled SEK 30.9bn (3.17b USD, 2.97b EUR), with assets under management of SEK 2.6 trillion (275b USD, 256b EUR).

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HR ANALYTICS

ChartHop Honors People-First HR Leaders Through 2nd Annual People Pioneers Award

ChartHop | November 16, 2022

ChartHop, the leader in people analytics transforming the way companies manage and support their people, has recognized 10 People leaders redefining the HR discipline in its 2nd Annual People Pioneers Award. ChartHop created the People Pioneers Award to honor HR professionals who have positively impacted their companies and employees via company growth, cultural change, new benefits programs, and more. "This past year we've seen a people-first revolution and People leaders have been tasked with developing programs for the whole employee lifecycle to create a true sense of workplace belonging, We celebrate this year's group of talented People Pioneers for their ability to drive change, embrace the future of HR, and pave the way for future leaders." -said Ian White, founder and CEO of ChartHop The 2nd Annual People Pioneers Award winners were nominated by their peers and selected by a rigorous judging process evaluating their impact on implementing people-first initiatives to positively influence both their people and business' bottom line. Winners earned their accolades for their success in establishing fair compensation policies, scaling company growth, increasing employee net promoter scores, and implementing DEI initiatives. This year's recipients are: Adrianne Court, CHRO at Tealium Aleksandra Paszkiewicz, Head of People at Netguru Chad MacRae, VP of Talent at Tinder JaNaye Norman, VP of People at Modo Labs Jen Paxton, VP of People at Smile.io Joanna Wise, SVP of People at Whip Media Larry Indovina, Chief People Officer at Top Hat My Doan Cong, Head of People at ALT Natalie Rast, Director of People Operations at Stensul Noah Warder, Head of People at Guusto Chad MacRae, VP of Talent at Tinder, earned a spot on the list for bringing strategic foresight to his company's talent team and overseeing triple headcount growth over the last three years. Tinder hired 70% of its current employees under MacRae's leadership. Other key initiatives MacRae introduced to support this dynamic growth include creating workshops, moving to true scenario planning, and implementing the "Be Your Best Self-Education Reimbursement" program. I help my team to lean into the current state of the business and examine the external drivers affecting a business and its headcount growth, With this focus, the Talent team has been able to plan for multiple scenarios while scaling through a global pandemic and launching hybrid work possibilities across North America,said MacRae. My Doan Cong, Head of People at ALT, a champion for inclusivity and employee wellbeing, was chosen for her tremendous impact in creating an empathetic environment for all ALT employees. Since joining the company in early 2022, Doan Cong has rolled out several people-first initiatives: she authored employee leveling and raise structures, increased events and communication to promote belonging, and developed an employee wellness program addressing physical, mental, and financial health. We've heard a lot of talk about driving efficiency across different tech companies, At ALT, we approach efficiency through a people-first lens by asking ourselves, 'How can I get folks to do their best work?' Engagement and feedback culture is really important, especially in companies with remote workers,said Doan Cong. About ChartHop: ChartHop is transforming the way companies manage and support their people. By consolidating people data into one employee-centric platform to visualize, discover, and act on insights, ChartHop creates more informed, empowered, and connected organizations. From executives to individual contributors to every employee in between, ChartHop is designed for everyone in the organization. ChartHop plays well with dozens of platforms through robust integrations across the HR tech stack, and serves companies like 1Password, BetterCloud, and Starburst. Founded in 2019 by Ian White, ChartHop is backed by Andreessen Horowitz.

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HR ANALYTICS,HR STRATEGY

Bambee Named to Inc.’s Inaugural Power Partner Awards

Bambee | November 07, 2022

Bambee, the company that makes human resources affordable for small to medium-sized businesses, announced today that it has been selected for Inc. Business Media’s inaugural Power Partner Awards. This roundup honors B2B organizations across the globe with proven track records in supporting entrepreneurs and helping startups grow. The list recognizes 252 firms in marketing and advertising, health and human resources, financial planning, engineering, logistics, and security, as well as other areas of business. All 252 companies received top marks from clients for being instrumental in helping leadership navigate the dynamic world of startups. These B2B partners support entrepreneurs across various facets of the business, including hiring, compliance, infrastructure development, cloud migration, fundraising, and more, allowing founders to focus on their core missions. “Trusted B2B partners provide guidance and expertise that founders rely on at various steps of their organization’s journey. Partners that possess a demonstrated ability to deliver quality support are at the core of entrepreneurship and help bring big ideas to life,” - Scott Omelianuk, Editor-in-Chief of Inc. Business Media Allan Jones, Bambee CEO & Founder, states: We are thrilled to be honored by the world's most trusted business-media brand, Inc. And we have our clients to thank for this. Ranked by Forbes as one of America’s best startup employers in 2020, 2021, and 2022, Bambee is a venture-backed Series C business. Investors include SoftBank, QED Investors, Greycroft, Alpha Edison, Mucker Capital, and Ken Chenault (prev. 20-year CEO, American Express). Bambee’s team is developing and deploying best-in-class human resources technology and services, with the aim of completely reshaping the employment dynamic for America’s small businesses. Its flagship HR Manager product aims to serve those businesses that need HR but often lack the resources to afford it. Bambee solves that problem by offering HR at prices as low as $99/month. Inc. partnered with leading global social and media intelligence platform Meltwater to develop a proprietary methodology that uses sentiment from online conversations about organizations and translates it into numerical scores. Companies were evaluated on commitment, reliability, trust, creativity, supportiveness, and other virtues that offer value to clients. Inc. also conducted surveys to gather client testimonials as part of the process. About Bambee Allan Jones founded Bambee in 2016. Bambee has been at the forefront of solving HR problems for small businesses since its inception. Bambee puts their customers HR on autopilot, starting with a dedicated HR manager and smart automation. Bambee helps each company navigate the complex regulatory world of compliance, HR policy, employee relations, and HR strategy -- including internal investigations, hires, furloughs, and return to work procedures. The combination of a real HR manager coupled with an intelligent software platform gets Bambee customers to HR compliance and helps keep them compliant. In October 2021, Goldman Sachs celebrated Jones as one of the 100 most intriguing entrepreneurs, at their Builders + Innovators Summit. For three years running, Forbes has named Bambee a top startup employer in the U.S., and in 2022 listed Bambee as top 5 in Los Angeles. About Inc. Business Media The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community they need to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc.

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Spotlight

While older generations will no doubt lament the demise of paper-based newspapers, books, communication methods and traditional TV and radio broadcasts, those who have grown up with the internet and mobile phones as a right, are already embracing the brave new world of digital consumption. The facts are that digital methods of communication and marketing are faster, more versatile, practical and streamlined, so it is perhaps unsurprising that once the technology became available we began quickly moving into the digital age.

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