Thoughtexchange Closes Additional $10M Financing Following a 600% Growth Surge

Thoughtexchange | June 29, 2020

Thoughtexchange, the world’s leading crowd conversation tool for leaders, today announced that it has raised a further $10M in financing as a result of surging growth. The company has seen usage of its platform jump by over 600% since March as leaders across the globe have sought new and dynamic ways to connect and scale virtual conversations with their teams and communities.

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70% of staff who want flexible hours would move jobs if offered them elsewhere. In demand by employees. 15% want their employer to 0 offer flexible hours. 20% say their 6  employer currently offers flexible hours. 70% of employees with flexible hours would recommend their employer. Highly offered by employers. 1 in 5 say they value this benefit above all others.


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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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EMPLOYEE EXPERIENCE, EMPLOYEE BENEFITS

HR for Health Launches First-Ever HR Hotline for Employers

HR for Health | November 02, 2022

HR for Health announced the launch of their first-ever free HR Hotline. The HR Hotline will be open to employers every Wednesday in November from 7 AM to 1 PM PT, as part of National HR Compliance Awareness Month. This milestone is a notable move for HR for Health on its mission to help healthcare practices operate and grow while mitigating the legal jeopardy of HR noncompliance. "The HR Hotline was created because we want to give something back to our community. Healthcare practice owners do not have the time, patients, or resources to keep up with constantly shifting labor regulations, I see the worst-case HR scenarios play out in our courtrooms every day, so for November, I'm excited that we are providing employers with an easy, no-strings-attached way to check in on their compliance - before they end up in the courtroom." -Ali Oromchian, JD, LL.M., and Co-founder at HR for Health This news comes in the wake of multiple recent initiatives and accomplishments at HR for Health, including: The 7th Annual DSO Leadership Summit Industry-Leading Employee Handbook Generator Software Feature 2022 Launch of our Free Resource Library with 100's of templates and webinars Industry thought leader and COO of HR for Health, Ralf Tomandl, says, Many practice owners believe that HR compliance stops at payroll, but then find themselves in court or audited for breaking labor laws they had no idea existed." He continued to explain, "We plan on changing all that with our newest initiative, our HR Hotline. About HR for Health: HR for Health is the only all-in-one HR software solution dedicated to helping practices stay HR compliant year-round. HR for Health makes it easy to manage employees across multiple locations all the while boosting employee performance and avoiding lawsuits. With customizable employee handbooks, e-signature-ready documentation, a time clock, cloud-based storage, and more, practice owners can get back to managing what matters most: their patients!

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WORKFORCE MANAGEMENT,EMPLOYEE EXPERIENCE

Chicago Tribune Names SilkRoad Technology As Best Places to Work in 2022

SilkRoad Technology | November 11, 2022

SilkRoad Technology has been named one of the Chicago Tribune’s 2022 Top Workplaces, first among HR technology providers of all sizes. Results are based entirely on an anonymous employee feedback survey conducted by a third party, Energage, from April to July 2022. The survey measures 15 drivers of engaged work cultures, including connection, alignment, and execution. This year, SilkRoad ranked 25th on the list of smaller organizations, defined as having under 249 employees. “We are proud to continue to be recognized as a top workplace in Chicago for our approach to engaging and retaining talent, As Chicago continues to see interest and investments as a tech hub and prized talent pool, competition will increasingly heighten. We will continue to invest in employees, encourage them to commit to their craft and provide opportunities for new benefits and a rewarding work-life balance.” -Kate O’Neill, Chief Financial and People Officer of SilkRoad Technology As an HR technology provider, it’s important that we practice what we preach to our clients in terms of delivering compelling experiences to our employees, Now more than ever, people want to work for a culture that exemplifies excellence. We look forward to continuing to set the bar in Chicago and abroad,said Robert Tsao, Chief Executive Officer of SilkRoad Technology. About SilkRoad Technology Since 2003, SilkRoad has set the standard for talent acquisition innovation with scalable, configurable, branded experiences that attract, retain and align people to their business. SilkRoad delivers personalized experiences for employees to drive engagement across the employment lifecycle, enabling measurable and improved business outcomes.

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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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Spotlight

70% of staff who want flexible hours would move jobs if offered them elsewhere. In demand by employees. 15% want their employer to 0 offer flexible hours. 20% say their 6  employer currently offers flexible hours. 70% of employees with flexible hours would recommend their employer. Highly offered by employers. 1 in 5 say they value this benefit above all others.

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