It’s (almost!) the end of a highly eventful year in HRTech! The last week of December was no less with news of some major acquisitions and partnerships, ready to re-shape the HR tech sphere in the coming year. In this week’s round-up, the last one from 2019, we present to you news from PDS, Atos, Nielsen, MusashiAI, Randstad, and Bullhorn, in addition to insights/quotes from leading industry experts.
Here’s what happened in the week of 23rd to 27th December 2019.
Catch some more interesting quotes on HR and HRTech by leading industry specialists – right here.
A renowned brand in the field of HCM solution providers, PDS entered into an agreement with HRIS firm Hagel & Company to resell its Vista HCM offering. having a strong customer base across the US, Hagel & Company will prove to be a perfect fit for the PDS reseller program.
Maven Wave, a US-based business and technology consulting firm specialized in delivering digital transformation solutions for large enterprises, was recently acquired by Atos, a worldwide leader in digital transformation. Maven Wave is a company headquartered in Chicago and has over 330 employees. The firm will generate around $130m revenues in 2019 and has been lauded time and again by various magazines and associations for its strengths in building digital solutions using cloud-based applications, data analytics, and machine learning in hybrid and multi-cloud platforms.
Nielsen named Laurie Lovett to the position of Chief Human Resources Officer starting January 13, 2020. Lovett is an HR veteran who has served the industry for over three decades. She will run the HR function for the Nielsen Global Media business in this role.
“We are thrilled to welcome Laurie to Nielsen. Her ability to apply best in class HR solutions while building a talent culture and guiding others to become great leaders and managers will help us to supercharge the next era of the Nielsen Global Media business” – David Kenny, CEO of Nielsen.
SixAI Ltd. of Israel and Musashi Seimitsu of Japan (a Honda Motor Corporation affiliate company) formed a joint venture in the name of MusashiAI that launched its fully-autonomous robots to integrate seamlessly with human workers in an industry 4.0 factory environment. Two fully autonomous robots will assist human workers in performing the repetitive and strenuous work that’s often carried out by the humans in industrial workplaces. Musashi Seimitsu, a global firm in automotive transmission parts, is testing out both of its forklift and visual inspection AI-controlled robots.
Randstand Germany and Bullhorn have partnered together in order to improve the productivity of 2,000 consultants across 450 branches. Randstad Germany chose Bullhorn Connexys, an enterprise-level ATS and CRM built on the Salesforce platform to enhance data management and increase flexibility as part of the company’s growth strategy.
Given the growing use of automation across B2B and B2C marketing and sales segments, how crucial is it according to you, to invest in upskilling and reskilling activities?
“Today’s innovation in marketing automation is geared towards creating personalization at scale. As technology solutions streamline sales and marketing organizations’ abilities to engage in account-based marketing campaigns that create highly personalized customer journeys, the reskilling required to effectively harness these emerging solutions is just one specific application of a broader need for employees in all domains to continually and proactively expand their skill sets. To address the upskilling and reskilling at scale, automation is essential…”
Grab more Excerpts from the TecHR Interview with Will Foussier, Co-founder and CEO at AceUp
While companies across the globe are realizing the impact of employee physical and emotional well-being, the aspect of financial well-being is often neglected by companies at large. Clarity Benefit Solutions came up with tips for companies to offer financial assessments to their employees and help them achieve better financial wealth.
VitalSmarts. a leadership training company came up with a study that showed that habits will form the most crucial factor for success in 2020. 46% of the 1808 workers surveyed attributed their success to their right habits.
“When it comes to success, nothing trumps good habits. No amount of luck, talent, brains or good decisions can compensate for your habits and your routines. And that is good news for anyone looking to make changes in 2020. Ultimately, you’re just a few habits away from success.” – Emily Gregory, lead researcher and VP of Product Development at VitalSmarts.
Steady Growth in Technology Job Roles Through 2023, New IDC Technology Employment Impact Guide Forecasts
As per IDC (International Data Corporation), full-time employment will reach 55.3 million worldwide in 2020. This is an increase of 3.9% over 2019. The trend will continue over the 2019-2023 forecast period and will reach over 62 million in 2023 with a five-year CAGR of 3.8%, IDC expects.
The Centre of Economics and Business Research (Cebr) and Citrix Systems carried out a study and revealed that companies that are making use of technology to enable remote work are performing better than their competitors in terms of attracting and retaining the right talent. Furthermore, these firms reported improved engagement and productivity. The study showed that cutting down the commute and allowing a better work-life balance can actually save 11.9 billion hours annually, or 105 hours per person!
We conducted interviews with eminent personalities in the field of HR and HR Tech throughout the year. As 2019 comes to an end, we bring you a compilation of some of the best quotes from the experts in their respective areas.