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How Many Employee Experience Copilots should an Enterprise have?
Hello, and welcome back to my Blog! This is a question that I get all
Hello, and welcome back to my Blog!
Executive Summary
The stock market’s crisis is affecting every sector of the economy. The broader S&P 500 fell 4.9% in the first quarter, and the S&P 500 Energy index has increased nearly 40% (oil prices keep going up). Technology organizations valuations dropped drastically and there are concerns about the survival of fast-growing startups/organizations (leading to massive layoffs) .
Furthermore, with the current stock market situation, we might not see HR Technology startups going public anytime soon. There is a lot of uncertainty in the market and investors are very concerned that rising inflation will trigger a recession. This market situation also creates an impact in jobs and talent and companies will need to adjust hiring plans, be diligent to hire the best talent, explore internal mobility, raise salaries, and adjust benefits (due to inflation).
We saw some acquisitions in the HR technology market: Beamery acquired Flux and Visier acquired Yva. In terms of funding rounds: Hour One (series A; $20M), Curious Thing (pre-series A; $4.8M), Wisq (series A; $40M), Rippling (series D; $250M), Valence (series A; $25M), Gusto (extension series E; around $55M), JobandTalent ($250M as debt), Oyster (series C; $150M), and Deel (raised $50M at $12M valuation).
In terms of partnership and new offerings: EDX, Credly, Built In, Greenhouse and Appcast made announcements as well. See details below.
Acquisitions
Venture Capital Funding
New Offerings & Partnerships
Relevant Articles
Art of the Possible
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 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.
Hello, and welcome back to my Blog! This is a question that I get all
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