HCM Talent Technology Roundup Feb 5, 2021
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Talent Acquisition Solutions Reduce Turnover in High-Churn Industries
Employers can reduce average turnover by 30% to 60% in high-churn industries such as retail, and 20% among organizations with salaried workers by implementing appropriate talent acquisition solutions, according to Nucleus Research.
On average, companies spend more than 30% of an employee’s salary per turnover, which can increase with costs required to train a replacement. Employers can reduce turnover and give recruiters more time to make strategic hiring decisions and develop more effective overall talent plans by leveraging talent acquisition solutions to recruit and retain more qualified employees, Nucleus said.
Lever’s winter release includes updates to its Candidates Opportunities and Reporting modules, along with a number of integrations. New features allow users to move candidates from one requisition to another, along with their relevant information. Meanwhile, Visual Insights tools have been integrated with four additional dashboards, providing users with more flexibility and new insights into how different aspects of the hiring process are performing. Lever’s partner network was expanded with integrations with UKG UltiPro, TapRecruit, and Unbiasify.
Fountain launched an analytics suite designed to help employers gain more insight into the candidate journey. With it, users can access multiple dashboards, drill down into data, customize filters, analyze candidate behavior and identify trends based on brand, location, and stage. Adding advanced analytics to its platform is Fountain’s latest effort to simplify its approach and improve candidate experience. Recently, the company upgraded its infrastructure to include single sign-on and cloud hosting options. Before that, it rolled out features around virtual recruiting including synchronous video interviewing, resume parsing, universal applicant view, career sites, and chatbot.
Ceridian will acquire Ascender, a payroll and HR solutions provider with more than 1,200 customers in Asia Pacific Japan. Ascender has industry expertise across all verticals, including higher education and government, as well as a solid partner ecosystem. With the acquisition, Ceridian will serve a combined 1,500 customers and 2.5 million employees across 30 countries in the region.
ADP’s NextGen Payroll platform has gone live with its first client in Mexico, expanding the service’s reach across all of North America. Built natively in the public cloud, the platform gives practitioners and employees transparency into how they’re paid, along with predictive insights with suggested actions. ADP said NextGen Payroll helps employers address regulatory challenges and the complexities of global payroll while simplifying the overall process.
HR app developer PeopleGoal released PeopleGoal Social Graph, a tool that captures team dynamics and relationships to provide a complete view of how teams and team members work together. Based on the company’s workflow app engine, the Social Graph captures forms as they move across processes, then identifies the network interactions within workflows. The result is a “holistic, multi-dimensional view of the relationship dynamics at play” within teams and between employees, the company said.
eLearning Brothers introduced the Rockstar Learning Platform, which combines LMS and LXP features to address needs in virtual onboarding, employee training, self-directed learning, upskilling, reskilling, cross-training, and virtual instructor-led training. The platform also enables continuous learning through a combination of channels and user-generated content.
Help desk platform provider HappyFox released Assist AI, a new product that helps employers manage their HR and IT support efforts from within Slack. The tool’s compatibility with knowledge base tools like Confluence and ticketing systems such as Zendesk allows support teams and workers to remain within the Slack platform to resolve issues more efficiently, HappyFox said. Assist AI responds to routine requests by accessing a company’s knowledge base. When it can’t resolve an issue, it escalates tickets to an agent via Slack.
Syndio released Pay Policy Analytics, an extension of its PayEQ product that allows companies to determine how pay policies actually impact compensation and identify the causes of unintended outcomes. The tool provides details on impact by pay policies or protected class status (such as gender or race) and can identify differences caused by random factors, or which aren’t explainable at all. Syndio said few employers currently have the ability to see whether their policies motivate employees as they’re meant to.
Skillsoft launched stackable digital badges, new functionality from its partner Accredible that offers credentials to users as they complete paths on Skillsoft’s Percipio learning platform. Badges are awarded when users complete a Skillsoft course and assessment, complete a role-based Aspire Track, or complete an Aspire Journey, which includes about four tracks and 40 hours of training.
Mark Feffer is executive editor of RecruitingDaily and the HCM Technology Report. He’s written for TechTarget, HR Magazine, SHRM, Dice Insights, TLNT.com and TalentCulture, as well as Dow Jones, Bloomberg and Staffing Industry Analysts. He likes schnauzers, sailing and Kentucky-distilled beverages.
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