HR STRATEGY

Paylocity Launches a New Feature to make Communication and Collaboration Faster

Paylocity | April 26, 2022

Funding News
On April 18th, Paylocity launched a new feature called Community Plus to bolster employee communication and streamline collaboration. Community is a social collaboration hub designed to foster employee engagement and enhance retention, engagement, and performance. The new features in Community Plus will enhance the employee experience across Paylocity’s solution.

“The modern workforce is expecting so much more of their employers. Employees expect payroll, benefits, and performance tools that are easy to use, but more than that, they want a personalized experience that is flexible enough to meet their needs. That is why we have built employee experience into every part of the Paylocity platform. From text recruiting to mobile time entry, from discussion groups to on-demand payment and built-in video capabilities, Paylocity delivers collaboration, communication, and connection. Traditional HR and payroll systems just aren’t designed to address these needs, which is ironic since an HR system really should be about the employees it claims to serve.”

- Steve Beauchamp, Co-CEO of Paylocity

Mountainside Fitness, a high-end health club chain, implemented Community Plus for its 1,400 employees.

“Community is already a big asset to our company. It lets our team connect with each other in ways they haven’t before, but it’s come so naturally for them. Now with team groups, chat functionality, and file collaboration, we can level up our communications. Our employees are not at their desks all day, so delivering communications on their mobile devices is critical. We hire a lot of young people, so making sure we have technology that fits their lifestyle is key to attracting and retaining talent. Our executives post messages about company updates or even location-specific updates, so Community has really become our go-to source for communicating with employees.”

- Robyn Klawitter, SVP of Human Resources at Mountainside Fitness

Spotlight

There are four different generations in the workforce today, each with different philosophies and ideals. As of now, we have the Traditionalists, the Baby Boomers, Generation X, and Generation Y (the Millennials) all working together within the same companies. If keeping up with the needs and desires of all didn’t already feel like rocket science, there is another still to come into the workforce within the next few years, generation Z.


Other News
TALENT MANAGEMENT

SkyHive Launches New Product, SkyHive Platform, Enabling Companies and Communities to Tackle Skills Gap

SkyHive | September 05, 2022

SkyHive®, the first company to map and sequence the global labor market in real-time for workforce intelligence, strategy, and architecture, as well as the rapid reskilling of workers and communities around the world, today announced the launch of SkyHive Platform, a Platform-as-a-Service (PaaS) skills-first solution for private and public sector organizations. Using SkyHive’s real-time Labor Market Intelligence and artificial intelligence to analyze global labor markets at the skill level, SkyHive Platform employers gain outside-in intelligence as well as immediate insights on their talent, such as emerging and skill gaps which can be leveraged to future-proof their workforces, retain talent, and understand evolving labor market needs. SkyHive Platform enriches existing Human Capital Management (HCM) systems using scalable Application Programming Interfaces (APIs) to integrate with core HR systems such as Workday, Microsoft, and SAP SuccessFactors, as well as custom applications. In doing so, SkyHive Platform enables companies and communities to derive maximum value from their HCM investments while improving performance and cost efficiency across talent procurement, retention, and workforce training. Companies and governments seeking insights into the state of their workforce’s business critical skills, skills gaps, attrition, sourcing, benchmarks, future talent needs, and recommendations for reskilling can harness SkyHive to power applications with or without the SkyHive Enterprise software application. “Skills are the talent ‘currency’ of the modern age, so it’s natural that leaders are eager to get comprehensive, comparative, and real-time visibility into skills profiles of their workforce, We’ve built SkyHive Platform and opened our APIs in response to customer requests around the world who want to customize applications and modernize their existing HCM platforms with the most in-depth workforce and labor market intelligence available.” -Sean Hinton, Founder and CEO of SkyHive Recognized by Forbes and the World Economic Forum for its positive impact on labor economies, SkyHive processes more than 20 TB of raw data every day, including anonymized worker profiles and job descriptions from over 160 countries. Its findings have reduced enterprise clients’ time-to-hire by 30% and time to source by 90%, while also increasing workforce learning and development efficiency by 70% and gender diversity by 10%. SkyHive data is fully encrypted, and its systems are compliant with GDPR, SOC2 Type II, ISO 27001, Ethical AI and other regulatory frameworks. About SkyHive SkyHive is a Certified B Corporation and software provider of global workforce intelligence technology, optimizing labor market efficiencies in real-time for companies, communities, and national economies. Leading enterprises use SkyHive’s cloud-based applications and platforms to power the future of work at its most granular level: skills. SkyHive’s Quantum Labor Analysis™ has been recognized by the World Economic Forum and Forbes for leading efforts in ethical AI and its positive impact on labor economies worldwide.

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HR STRATEGY, EMPLOYEE BENEFITS

Haystack's New Mobile App Unites Employees in the Office and The Field

Haystack | October 27, 2022

Haystack, the modern intranet company rethinking the employee experience, today announced the availability of its new mobile application on Android, iOS, and the mobile web. The mobile app was created to simplify the sharing of company knowledge no matter where staff are located, connecting all employees within an organization to the people, information, and resources they need to thrive. Unlike many mobile workplace apps, which are often poor substitutes for the full browser-based experience, the Haystack mobile app was built from the ground up to provide a consumer-grade experience for all employees within an organization. The app combines lightning-fast search, intuitive controls, playful experiences, and tasteful social features that foster authentic employee connections and engagement, even across distances. Additionally, Haystack offers no-code customization so businesses can personalize the app logo and interface to reflect their own branding making the mobile experience uniquely theirs. "Work is no longer a place, so we designed the Haystack mobile app to provide an easily accessible communication and information hub for employees, wherever they happen to be located, We're committed to building human connection and culture within organizations, as those are essential to staff wellbeing, performance, retention and ultimately, organizational success. Our team understands the unique challenges in fostering these elements among staff who don't have access to a desktop or operate in the field. Whether your company is hybrid, remote, or something in between, Haystack offers equal access to the crucial information teams need to perform their job." - Cameron Lindsay, Haystack Co-founder and CEO Brands such as BuzzFeed, Chime, Novo, and Everbridge use Haystack to unify the employee experience from onboarding to HR to documentation to internal communications, creating a collaborative and inclusive working environment. The platform features universal search capabilities and deep enterprise integrations with existing digital workplace tools such as Slack, Workday, Atlassian's Confluence, Google Workspace, and Microsoft 365. Haystack recently introduced a series of product innovations to transform the world of work. In August, the company released Haystack Connect, which leverages first-party employee-profile data to intelligently pair team members, cultivating deeper workplace connections and facilitating mentor-mentee relationships that support employee retention and growth. Earlier this year, Haystack introduced Secure Delivery, which keeps confidential internal communications internal and protects employees from accidentally sharing sensitive company information. The company also recently integrated with GIPHY, giving employees the ability to breathe extra life and humor into their posts and comments published in Haystack. About Haystack Haystack is the modern intranet company rethinking the employee experience. Mid-market and large enterprises rely on Haystack for secure internal communications, to share organizational knowledge, and to build community. Haystack was founded in 2019 by a founding team spanning Google, Snap, Cornerstone OnDemand, and PayPal. The company is headquartered in Los Angeles and backed by leading investors such as Greycroft, Coatue Management, Twitter co-founder Biz Stone, Adobe's Scott Belsky, Riot Games co-founder Marc Merrill, and BoxGroup.

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HR ANALYTICS,EMPLOYEE ENGAGEMENT

Demand for Workhuman’s Employee Recognition Software Continues; Expands Dublin Headquarters and Announces New Board Member

Workhuman | November 29, 2022

Workhuman®, the company revolutionizing how employees celebrate, connect with, and appreciate each other in the workplace, today announced its 2021 revenues and billings, the appointment of a new board member, and the investment of €2.8M to expand its physical presence in its Ireland headquarters with a new state-of-the-art facility. The growth reflects a widespread movement among global enterprises to harness a culture of appreciation, which drove gross revenues in 2021 to reach more than $876M, up 28% from $682M in 2020. In 2021, Workhuman recorded billings of more than $1.1 billion, along with $287M in net platform revenue. In addition, the company, which has nearly seven million people on its platform, processed more than 12 million billable awards (moments of recognition with a monetary value associated with them) in 2021 – a near-50% increase from the previous year. "Workhuman is on an incredible trajectory, growing 28% year-over-year, as organizations continue to understand the impact that employee recognition can have on both their humans and their bottom line. Employees are worth more than any other tangible asset in the global economy. Between voluntary turnover and disengaged employees, organizations are battling a $1 trillion problem, Workhuman's employee recognition program can save enterprises millions in turnover costs, and our customers feel the positive impact of a culture of gratitude and appreciation on their bottom line. We're proud of our growth and look forward to helping more organizations meet today's biggest human capital challenges." -Scott Dussault, Chief Financial Officer at Workhuman Workhuman also announced that it has appointed to its board Vidya Peters, former Chief Operating Officer at Marqeta, a modern card-issuing platform. Previously, she was the Chief Marketing Officer at MuleSoft, acquired by Salesforce, and before that, she held various strategy and marketing roles at Intuit and Bain & Company. Peters brings a wealth of go-to-market and operating experience to the Workhuman board and will immediately replace Lorrie Norrington. She holds a B.S. in Industrial Engineering from Northwestern University, an MPA in Public Administration from Harvard University, and an MBA in Marketing and Finance from Northwestern University's Kellogg School of Management. Peters was named one of the Most Influential Women in the payments industry by American Banker in 2022. We are very excited to add Vidya to the Workhuman board. Her deep expertise and experience with customer success building and managing operating efficiencies in the technology space make her a valuable addition to our board, We would like to thank Lorrie for her many contributions that had a positive impact on the growth and success of the company,said Workhuman CEO Eric Mosley. As part of its €2.8M investment in Dublin, Workhuman expanded its physical footprint by approximately 15,000 square feet with a brand-new facility. In addition to more physical space, the company revamped its in-office perks to prioritize its employees' professional success, health, and emotional well-being and safety. These improvements include wellness, fitness, learning and development spaces, and more. After spending years at home during the pandemic, employees have never been more aware of what they expect from their work and workplace. They have new and increased expectations of their employers and workplaces desiring a dramatically different and better experience than the one they left. Our new workplace goes far beyond the physical space into every aspect of the employee experience throughout the workday, tying together space, technology, behaviors, and amenities, The new way of working is making the workplace a destination, not an office. We have created a space that supports our culture and strengthens our community,said Jess Klay, VP of Global Workplace Experience Design at Workhuman. About Workhuman: Workhuman® is helping companies meet today’s biggest human capital challenges - including unprecedented turnover, employee engagement, hybrid work environments, and DE&I - through the Workhuman Cloud®, a secure SaaS platform that provides the industry’s best-in-class Social Recognition® solution. As the leading global provider of technology solutions, analytics, expertise, and services helping organizations of all sizes build and foster workplace cultures powered by employee recognition and crowdsourced feedback, Workhuman is revolutionizing the way employees celebrate, connect with, and appreciate each other in the workplace. Combined with unmatched data through Workhuman iQ™, we empower HR and business leaders with proactive insight to understand issues as they develop and tools to help them make the right decisions to align business objectives and culture to deliver immediate impact. And, with world-class award redemption from our proprietary global e-commerce network, Workhuman is committed to building more connected human-centered workplaces that recognize the value and potential of each and every employee. For more than 20 years, Workhuman has been pioneering the human workplace by disrupting legacy and obsolete HR approaches to improve the employee experience at work, with solutions that engage with approx. seven million customer employees in 30+ languages, in 180 countries, generating 100 million instances of human connection. With dual headquarters in Dublin, Ireland and Framingham, Massachusetts, Workhuman employs 1,000 people who deploy solutions and services at scale, committed to helping companies improve returns on their most important investment– their people.

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HR ANALYTICS, WORKFORCE MANAGEMENT

VirgilHR Launches Web-Based Platform, Brings Real-Time, Self-Service Legal Guidance to HR Teams

VirgilHR | September 06, 2022

VirgilHR announces the launch of its new web-based platform, putting real-time, automated employment and labor law guidance at the HR team's fingertips. The disruptive SaaS platform empowers individual HR professionals and teams to make smart, well-informed employment and labor law decisions in the moment, without the need to research regulatory requirements. As an HR leader with experience at both public companies and growth-stage technology startups, Jocelyn King, CEO & Founder of VirgilHR, has had the privilege of supporting executives and departments in all functions across the business. "When we started building VirgilHR, we wanted to do two things - reduce the complexity and mitigate the risk of legal action from human error against companies and get HR professionals back to why they got into HR and building, growing, and nurturing great people and great cultures, With this evolution in our product, we've made it possible for every HR professional to have a real-time legal guide by their side." -Jocelyn King, CEO & Founder of VirgilHR VirgilHR hosts a proprietary database of employment and labor law requirements that helps HR professionals manage the compliance of employment decisions, including leave requests, final wages, and termination. HR team members can access real-time, prescriptive guidance across federal, state, and local employment and labor laws via the online web-based, self-service application. As part of the product launch, HR professionals are eligible for a 30 day free trial of VirgilHR with access to all employment modules and all features including: The VirgilHR chatbot built on smart, automation technology, which provides legal guidance to on labor and employment law queries in the moment, no research required Educational content, developed by experienced labor and employment attorneys Policy templates, which cover the newest labor and employment laws released across the country, to supplement employee handbooks The platform helps HR professionals navigate the complexities of employment and labor law, close the knowledge gap, and empower HR teams to make compliant employment decisions with ease and confidence. The company's early customers have come from organizations across the mid-market with small HR teams looking for efficiency gains; King sees growth for the business in manufacturing, construction, technology, government contracting, and medical services. About VirgilHR VirgilHR is the new evolution of HR compliance software, enabling HR professionals to spend more time on strategic objectives and less time on researching and tracking thousands of ever-changing employment and labor laws. Our mission is to help HR professionals navigate the growing employee complexities, close the knowledge gap and empower HR teams to make compliant employment decisions with ease and confidence.

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Spotlight

There are four different generations in the workforce today, each with different philosophies and ideals. As of now, we have the Traditionalists, the Baby Boomers, Generation X, and Generation Y (the Millennials) all working together within the same companies. If keeping up with the needs and desires of all didn’t already feel like rocket science, there is another still to come into the workforce within the next few years, generation Z.

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