Welcome to the HR Tech Quick Hits column, featuring the latest in HR tech partnerships, funding, people moves and compelling data. To make sure you don’t miss any content, subscribe here to receive HRE‘s weekly HR technology newsletter in your inbox.
Allamano joins Lattice as Chief People Officer
HCM platform provider Lattice has added Cara Brennan Allamano as its first chief people officer. A 20-year HR veteran whose last role was as senior vice president at Udemy, Allamano will lead the firm’s global people team’s talent acquisition, onboarding, learning and development, and DEI efforts. Allamano’s HR resume runs deep, with leading HR roles at Planet, Pinterest and Adobe, along with founding PeopleTech Partners and StartupHR. “We are thrilled to tap her for deeper insights into the HR tech landscape as we continue to expand Lattice’s products and features through the employee lifecycle,” says Lattice co-founder and CEO Jack Altman.
HR Tech Number
According to analysis by Verified Market Research, the global HR technology market will be worth $38.36 billion by 2030. Last year, this roaring market was worth $23.32 billion and will experience 5.7% growth from 2022 to 2030. According to its research, the key players in this market are SAP, ADP, Oracle, Microsoft, Kronos Inc., Workday, SumTotal Systems, Ceridian and IBM.
HR Tech Funding News
HR solution provider Personio has a total valuation of $8.5 billion, thanks to the $200 million it raised this month. The Munich-based HR tech company delivers recruiting, payroll, people management, development and training, workflow automation and other HR tools for small to medium-sized businesses. The new funds will go to growing its 6,000-company client base and enhancing its platform that serves half a million employees.
Recruitment solution provider Leadline raised $5 million in a round of venture capital funding. The news comes on the heels of its new talent acquisition tool, which the Naples, Florida-based company describes as a “do-it-yourself stackable platform that gives companies the power to customize and automate front-office functions.”
New HR Tech Partnerships
Clients of talent acquisition tool provider GR8 People now can access job site Indeed’s 200 million resumes without leaving GR8 People’s applicant tracking system. In an attempt to eliminate the need to work across multiple platforms, GR8 People clients will now interact with Indeed’s stable of resumes, to which 8 million new CVs are added each month. They can also record all responses within GR8 People’s ATS and receive resumes automatically when candidates respond positively.
Employee training and communications tool provider Axonify has acquired Nudge, a communications and execution platform aimed at frontline workers. A recent Axonify study found that nearly half of frontline workers are ready to leave their current jobs thanks to burnout. “By joining forces, Axonify and Nudge will be able to deliver an integrated approach to learning, engagement and execution that leverages Axonify’s adaptive microlearning methodology with Nudge’s two-way communications and task management platform,” according to a press statement.
Mental health and total wellbeing platform provider LifeSpeak acquired Wellbeats, a physical wellbeing platform provider. Wellbeats’ more than 400 U.S. and international clients will expand LifeSpeak’s 800 client base and bring together their mental health and wellness capabilities. Also, Jason Von Bank, president, and CEO of Wellbeats, will join Lifespeak’s team as its chief operating officer.
Podcast Pearls of Wisdom
This week’s episode of Punk Rock HR welcomes Donald Knight II, the new chief people officer for recruitment solution provider Greenhouse Software. In this 22-minute episode, Knight shares what it’s like to be hired in a pandemic, the company’s mission in the recruitment process and why retention’s biggest issue is burnout. “Every day, I get to wake up and think about, ‘How do we help unlock the potential of the people here at Greenhouse?’ and then leverage that to help other companies do the same at their organizations,” he tells Punk Rock HR host Laurie Ruettimann.
HR Tech Conference Insights
Speaking of recruitment, four stellar sessions on the topic of recruitment and talent acquisition are on tap during the 2022 HR Technology Conference taking place Sept. 13-16 at Mandalay Bay in Las Vegas. We’re looking forward to “The Power of Conversational Recruiting: How GM and McDonald’s Replaced Friction with Automation,” which will be hosted by Eleanor Vajzovic, vice president of strategic solutions for Paradox. AI recruiting isn’t just for Silicon Valley, as shown by these household names use cutting-edge tools to attract and hire the next generation of top-tier talent. Register here.
Do you have HR technology news or insights that we should consider including here? Contact HR Tech Editor Phil Albinus at [email protected].
The post HR Tech Quick Hits: Global HR tech market on track to exceed $38B appeared first on HR Executive.