Market Watch for Talent & HR March 2022

Hello, and welcome back to my Blog!

Executive Summary

The Ukraine crisis is impacting every single person on our planet because of the attack of innocent civilians. It is hard to celebrate funding rounds, acquisitions and events happening in the HR technology market when there are people suffering and trying to defend their country.

The world is reacting in multiple ways and multinational companies such as PepsiCo, Starbucks,  McDonald’s , Unilever, Goldman Sachs, Western Union, American Express, IBM, and many others, suspended operations in Russia.

While refugees are fleeing out of Ukraine, companies are reacting and finding ways to make people safe, providing re-location to employees, shipping donations, and setting up well-being support 24/7. Furthermore, companies are also assessing organizational impacts, from different angles, including business continuity, supply chain disruption, IT/cyber-attacks, and legal/country regulations to create and operationalize action plans. 

See below some activity in the Talent & HR space: minimum acquisitions, funding, webinars, new offerings (PeopleStrong, Findem, Guide, JobVite, EdCast, and Lattice) and C-suite talent joining the HR Technology Startup world (Visier, Symphony Talent, Rippling and Skyhive) . 

Glory and peace to Ukraine

Acquisitions

  • PeopleStrong, a HCM platform, announced the acquisition of PayReview, a salary and compensation software company (for an undisclosed amount) expanding PeopleStrong’s platform with compensation capabilities across the APAC region. See news HERE.

Venture Capital Funding

  • ThoughtSpot, a data analytics platform, is preparing for an IPO. In Nov 2021, the company raised $100M in series F, bringing its valuation to $4.2B. See news HERE.
  • Findem, a talent sourcing platform, raised $30M in series B funding, bringing a total investment to $37.3M. See news HERE.
  • Guide, a candidate experience platform, raised $8M in seed fund. See news HERE.

New Offerings & Partnerships

  • Jobvite, a talent acquisition platform, introduced EVOLVE Talent Acquisition Suite” combining  recruitment marketing, applicant tracking, internal mobility, employee referrals, and DE&I capabilities in a single talent acquisition suite. Jobvite made several acquisitions in the last few years (Canvas, Talemetry, Role Point in 2019, and Predictive partner in 2020) to provide an end-to-end talent acquisition experience. See news HERE.

  • Edcast, a learning experience platform, announced an integration with Microsoft Viva, letting employees import Edcast’s content libraries into Microsoft Teams and Microsoft 365.
    • Microsoft Viva is a centralized learning hub for employees to share, recommend, and learn without leaving Microsoft Teams, allowing people to learn in the flow of work. LinkedIn Learning and Glintemployee engagement- are also available in the platform.
    • Microsoft Viva is positioning as an employee experience platform and bringing together HR technology players to enhance the platform with engagement, analytics, experiences, and knowledge capabilities. See news HERE.
  •  
  • Lattice, a performance and engagement platform, announced new OKR and Goals solution. See news HERE.
  • Monday.com, a project management platform, announced a strategic alliance with KPMG. See news HERE.

HR Technology Talent

  • Visier, a talent analytics platform, promoted Fionna Song as the new Chief Financial Officer. See new HERE.
  • Symphony Talent, a recruiting marketing platform, announced the appointment of three C-Suite executives. See news HERE.
  • Rippling, a HR, payroll, and benefits platform, hired Brad Armstrong as Senior Vice President, Business and Corporate Development. See news HERE.
  • Skyhive, a talent intelligence platform, announced a new VP and Head of Product. See news HERE.

Relevant Articles

  • Gartner published: 
    • “Responding to the Russian invasion of Ukraine.” See article HERE.
  • SHRM published: 
    • “The Conflict in Ukraine is causing some workers severe anxiety; employers can help.” See article HERE.
  • Harvard Business Review published: 
    • “In a hybrid world, your tech defines employee experience.” See article HERE.
  • Josh Bersin published: 
    • “Scaling your company: The global workforce intelligence project.” See article HERE.
  • Mckinsey & Company published: 
    • “How companies are retaining frontline talent.” See article HERE.
  • Fortune published: 
    • “From the front lines of the talent transformation, Josh Bersin sees a ‘Big Reset.” See article HERE.
    • “The next in-demand job title: Head of the future of work.” See article HERE.

Events

  • HR Transform 2022 organized by HR Transform; March 14-16, 2022, Las Vegas. Register HERE.
  • HRcoreLab Summit; March 14-16, 2022. Online event. Register HERE.
  • Unlock your HubSpot data; webinar; March 16. Register HERE.
  • Building the foundation of a People-powered organization; organized by Visier & Deloitte; March 17. Register HERE.
  • The workforce talent career organizational ecosystem hiring agility conference; organized by Gloat APAC; Online event. Register HERE.
  • Skills at the Heart of the Learner’s Experience; organized by EdCast; March 22. Register HERE.
  • How OKRs help teams be more successful and drive business results; organized by Lattice; March 24. Register HERE.

Art of the Possible

  • “The 2022 Neuralink update is here”; reported by Tesla Space. See video HERE.
  • “IoT comes of age”; reported by McKinsey. See article HERE.
  • “The next generation of brain-computing interfaces could be supercharged by artificial intelligence”; reported by Fortune Magazine. See article HERE.

More to come! Stay tuned.

Note: All views expressed in this article do not represent the opinions of any entity whatsoever with which I have been, am now, or will be affiliated. My opinions are my own.

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Albert Loyola

Artificial Intelligence | Employee Experience| HR Transformation| Advisor| Speaker

Albert brings global market research experience  to help executives harness intelligent technologies, reinvent HR, re-skilling and employee experience across NAR, APAC, LATAM and EMEA regions.

#HRTech Market Watch: more than 120,000 #employees have been #laidoff due to economic contraction and years of exponential #hiring. However, high skilled #talent is available now to be hired bringing #innovation, #datascience & #AI leading-practices.
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#HR
#HRTech market watch: Despite market constraints and #startups #valuations struggles, #VC and investors keep investing in HR Tech. However, #investments are made in a more conservative way. The #metaverse is now part of the #csuite agenda; more to come!

https://t.co/e4z9ZR4EK0
HR Tech #Market Watch #May! - #hrtech activity ramped up this month with strategic #acquisitions:
@BeameryHQ acquired @fluxworkdotco, @Visier acquired @yvaai, @Rippling raised $250M @HeyOyster raised $150M among others.
#data #AI #HR
https://t.co/cr749Yzl6Q

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