The world of HR and payroll tech is fast moving, particularly at the moment, with mergers and acquisitions rife, new vendors entering the market and trusted industry stalwarts innovating at an impressive pace.
All of this is to ensure that HR and payroll can get to and remain at the top of their game. So, who are some of the vendors currently on our collective radar? Let’s take a look…
Shopworks specialise in Workforce Management solutions for the hospitality, leisure, retail and service sectors and claim to be able to save businesses as much as 7% off direct staffing costs. A WFM system to watch, Shopworks is gaining good market traction and boasts a client list including Costa Coffee, Sofology, Starbucks, Paddy Power and Burger King.
They are also the only bespoke, enterprise workforce management supplier to offer zero setup fees, an extensive free trial and no minimum or fixed contracts. An additional benefit offered by Shopworks is FastPAYE a pay-on-demand app designed to help speed up employee’s access to their earned pay.
Workday & Peakon
Established HCM vendor, Workday, has recently announced an agreement to acquire Peakon, an employee success platform that converts feedback into actionable insights. The move typifies some of the trends we are seeing in the industry at the moment to acquire talent management and engagement solutions.
The hope is that, combined, HRs will be able to leverage Peakon’s intelligent listing technology with Workday’s powerful HCM engine to create what is being dubbed a ‘continuous listening platform’ so that employees are heard and can get the insights they need to develop professionally.
A new AI-driven talent experience platform, Fuel50 claims to be the world’s fastest-growing talent marketplace powered by ethical AI, and has been getting some rave reviews from talent acquisition specialists.
Matching people to new opportunities, vacancies, gigs, and learning based on their talents, Fuel50 also includes powerful insights to help support business decisions.
Clients include Ebay, Vanguard, Indeed and Bank of New Zealand.
MHR iTrent Shield
Earlier this month, MHR International launched iTrent Shield, a new security solution to provide next-generation protection over sensitive employee HR and payroll data.
This is an interesting development in artificial intelligence technology – the application of AI to detect unusual behaviour to protect HR and payroll data has never been done before.
It works by monitoring all user activity in real-time and learning what ‘normal’ behaviour looks like for each user, such as the IP addresses they connect from, the reports they run and how often they access sensitive data. When a user’s behaviour deviates from their normal pattern, such as if their account had been compromised or they were undertaking fraudulent actions just before finishing employment, the organisation is alerted so that immediate action can be taken.
PayCaptain is a payroll system that enables payment flexibility and a great ‘getting paid’ experience. Its aim is to improve the financial resilience of the nation and reduce the negative effects of financial stress in the workplace.
PayCaptain’s solution combines payroll, banking and wellness tools to enable employers to support employees to take control of their finances.
Functionality includes pay-splitting; employees can make payments direct from their net pay to family members, landlords, loans, credit cards, etc, eliminating risk of missing an important payment; interactive payslips, supported by the PayCaptain AI ChatBot; money planning tool and in-app banking tools comprising faster payments, current accounts, savings accounts and Visa debit cards which can be setup from inside the PayCaptain Mobile App.
Perfect for the pandemic-powered workplace, GoJoe is a virtual provider of team-based fitness. They recognise the important role that exercise plays in maintaining a healthy mind and body but also that exercising alone can be boring!
A GoJoe corporate challenge therefore allows staff to get fit, stay fit and stay connected in a completely unique and innovative way, through digital team and celebrity challenges. Their basic package (for up two teams of 20 people per team) is free, whereas their paid-for options start at £500 per challenge for unlimited participants and fundraising page. The coolest quirk for those who want to take their fitness activation to the next level?… GoJoe enables you to use celebrity/influencer captains to lead the teams, and for them, along with personal trainers, to add content, support and advice before, during and after a challenge.
Global HR Services by activpayroll
Global payroll and tax compliance specialist, activepayroll is branching into the HR world with the launch of Global HR Services. This is in response to the struggles and complexities many organisations face when it comes to expanding globally and the task they face in ensuring global HR compliance is delivered.
Through a network of dedicated, knowledgeable and established HR professionals, activpayroll will provide on the ground expertise across the HR spectrum including Employment Law and Contracts, Talent Recruitment, Employee Onboarding, Record Keeping, Appraisals and Performance Management, Employee Lifecycle Management, Representation and Planning and Advisory.
Bridge, a US based learning management system which also includes performance, engagement and skills development products on a single SaaS-based platform, has been acquired by Learning Technologies (LTG).
LTG said Bridge is highly complementary to its platforms PeopleFluent, which serves the large enterprise market, and BreezyHR, which serves the small and medium-sized business market, with the acquisition leading to a significant extension of its mid-enterprise learning and talent software offering.
We recently saw a demo of Betterworks’ enterprise OKR and Performance Management software and love its potential to enable organisations to work better and smarter. Betterworks allows teams and individuals to align goals to the organisation’s top priorities – empowering them to set aspirational goals and transparently track progress.
We really like the way in which it increases visibility of each team members’ part in the success off an organisation, as well as the insights and analytics that enable employers to help staff make the most of their potential.
Whilst Winningtemp has been around since 2014, they opened their London offices in late 2019 and are gaining traction in the UK market thanks to their use of AI and automation to support managers in their performance management and engagement campaigns.
Their solution uses AI as well as scientific research from their academic partners with automation to improve on employee surveys – asking changing questions to investigate trends, before generating recommendations to leaders, based on what is happening in their teams.
Based on the belief that employee engagement drives profitability, Winningtemp helps managers stay in tune with their team’s wellbeing, with employee pulse survey results interpreted by the platform’s AI, which recognises if conditions are trending towards burnout, turnover, or sickness absence.
This list is by no means exhaustive and we will do our best to keep you all in the know as and when we hear of new developments in the HR and payroll space. In the meantime, we’d love to know your experiences of any new technology you may have trialled or implemented lately!
We also offer a range of consultancy services to help you decide on the right HR or payroll technology for your organisation.
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