Market Alert: Ceridian Displays Future-of-Work Savvy with Acquisition of Artificial Intelligence Startup Ideal

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What Happened In late April, Ceridian announced that it would be acquiring Ideal. The “talent intelligence software” that Ideal created draws on artificial intelligence–derived insights into the workforce. With these insights, employers become more effective in cultivating and attracting talent. Background For years, Ceridian has displayed a keen understanding of where to focus next, and when. When the industry needed a strong voice for straightforward HCM technology, Ceridian acquired Dayforce and became an effective mantle-bearer for the idea that you should consolidate data sets into one and employ just one application to handle as much of HCM as possible. The goal then was to improve the efficiency of HCM. The goal now, with the acquisition of Ideal, is to prepare for the future of work. The addition of Ideal is, furthermore, in keeping with the steady hand of Ossip’s methodical, visionary leadership as Ceridian’s chairman and chief executive officer. In Dayforce HCM, the company first built an end-to-end suite in-house, organically. Pursuing an ability to provide breadth internationally in HCM and in global payroll, on-demand pay, and more, Ceridian then strengthened its core competencies further through acquisitions, partnerships, and homegrown innovation. Most recently, for example, Ceridian deepened its reach into […]

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3Sixty Insights #HRTechChat with David Barak, Chief Marketing Officer of CloudPay

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For the latest episode of the 3Sixty Insights #HRTechChat video podcast, my guest was David Barak, chief marketing officer of CloudPay. Through a unified cloud platform, CloudPay provides managed global payroll in more than 130 countries. The company also offers treasury services across this geographic footprint. Here’s a sampling of the ideas we covered: Virtually no employer ever really, truly plans for global payroll in advance. At some point, most organizations that get large enough and global enough get to a place where their company-wide payroll is practically unmanageable. This becomes the official outset of a typically three-stage process that eventually gets them to a straightforward scenario wherein their global payroll is under control and working for, not against, them. The journey there is almost always backward. You’ll have to watch the video to learn what these stages are. Sure, there are vendors of full-suite software for human capital management who offer a substantial ability to deliver in the grand theater of global payroll. What’s intriguing, however, is that global payroll is really a point-solution deployment. The complexity of it just lends itself to this. There is a need for so-called best-of-breed providers because the expertise in it must be […]

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Market Alert: Paycor’s Proposed IPO Shows Small Businesses Need Both Concrete and Abstract HCM

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What Happened Paycor, provider of an end-to-end suite of software-as-a-service human capital management solutions, has filed an initial public offering, the vendor announced on April 26. Paycor seeks to raise $100 million for this IPO, according to related filings with the Securities and Exchange Commission. Background A considerable percentage of Paycor’s client base comprises organizations employing 50 or fewer in staff. In recent years, however, net-new customers have been employers of 100 or more people. Competition in this space is significant. Though the approximate 1:1 comparisons to Paycor, founded in 1990, are a handful of mostly less seasoned providers all vying for the business of these small companies just beginning to grow into becoming fuller operations with grown-up needs in HCM, other, larger vendors have begun to move down market, as well, to service these employers’ needs. Download the full 3Sixty Insights Market Alert: 3Sixty Insights – Market Alert Paycor’s Proposed IPO Shows Small Businesses Need Both Concrete and Abstract HCM  

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Market Alert: Jobvite, JazzHR, NXTThing RPO Join to Form Talent Acquisition Trifecta in Private Equity-Funded Maneuver

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What Happened With private equity backing from K1 Investment Management to fund the maneuver, Jobvite, JazzHR and NXTThing RPO have joined to form a new, combined organization. The Details The three vendors made their shared announcement in a press release dated April 26. Each brand will continue to operate independently, according to the announcement, as they combine efforts—Jobvite’s in end-to-end talent acquisition technology for the enterprise, JazzHR’s in its recruiting technology for small- and medium-size businesses, and NXTThing’s as a recruitment process outsourcer. JazzHR CEO Pete Lamson assumes this role now for the entire new organization as Aman Brar transitions from his corresponding role at Jobvite to join the new entity’s Board of Directors to provide strategic direction. Download the full 3Sixty Insights Market Alert: 3Sixty Insights – Market Alert (Jobvite JazzHR NXTThing) – 3SIMA2151

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3Sixty Insights #HRTechChat with Theresa Harkins-Schulz, Senior Vice President of Customer Experience at Inspirus

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For our latest episode of #HRTechChat, my guest was Theresa Harkins-Schulz, senior vice president of customer experience at Inspirus. And this is where our conversation began, with Theresa’s sharing of her philosophy around the customer journey. Because of its customer-centered connotations, she prefers the term customer experience over customer success and other monikers denoting the realm of activities organizations carry out in tending to their customers. From there, our discussion expanded to ponder comparisons between the customer experience and the employee experience and to what extent organizations can approach both similarly, look at them through the same lens, or even coordinate their efforts. A member of the 3Sixty Insights Global Executive Advisory Council and long-time board member (and past president and past education chair) for Recognition Professionals International, Theresa has trained her focus on the art and practice of employee recognition for much of her career — several years ago designing an employee recognition program for Delta Airlines. Following is a short elaboration on just three of the many additional ideas we explored: Campfire Girls: HR can get so wrapped up in planning and throwing great events for employees — kind of like being “campfire girls” — that they confuse […]

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3Sixty Insights Monthly Recap | April 2021

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Upcoming Events: 3Sixty Insights End-User Global Executive Advisory Council Symposium – May 13, 2021 3Sixty Insights team to host the first of two Symposium’s for our Global Executive Advisory Council in 2021. This event will be held on May 13, 2021 and will be completely virtual, and is private to 3Sixty End-User Executive Advisory Council Members only. To be considered for our Global Executive Advisory Council, you can fill out an application here: https://3sixtyinsights.com/about-us/global-executive-advisory-council/. UKG Spring HR and Payroll eSymposium May, 5 2021 Join 3Sixty Insights Co-Founder and Director & Principal Analyst Brent Skinner and over 6,000 attendees at UKG’s Spring HR and Payroll eSymposium, as he presents on his one of his core research initiatives of 2021: Concrete and Abstract HCM: You Need Both. Register here: Wednesday, May 5 2021 – The HR & Payroll eSymposium Full agenda can be found here: May 2021 eSymposium Agenda isolved Connect September 20 – 22, 2021 Join 3Sixty Insights Co-Founder and Director & Principal Analyst Brent Skinner as he speaks at the upcoming isolved Connect user conference in Miami, Florida September 20-22, 2021. Register on the isolved Connect website: https://www.isolvedconnect.com/ Recent Research: Concrete vs. Abstract HCM: The Power of “And” We launched […]

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Sears: What’s the Lost Opportunity Cost for a Squandered Super Brand?

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It’s understandable and only human to focus on the calculator when revenue stagnates, dwindles or looks like it might do either. In business, however, the circumstances signal that we must exercise our actual humanity and invest like mad in what we have built. This isn’t everyone’s reflex, but the alternative is to descend irretrievably into the death spiral of left-brain-only leadership. For all its incessant focus on ensuring the business remains in the black, the attitude only leads to financial ruin—everything the left brain fears. In the Wake of Sears… Jeff Bezos must have loved whoever it was who got rid of the Sears’ catalog. Only an unforced error of such magnitude would ever have ledt a berth in its wake wide enough for a Bezos type to set up shop and threaten to rule the planet. It was probably the same person who decided to neglect or mistreat Kenmore, Craftsman, Diehard and all the other brands that grew in prominence over decades’ time in the Sears super brand’s wake. The wake of a super brand can be powerful — even in the “wake of the wake,” after the brand has all but died. As recently a decade ago, I […]

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