Top 10 Talent Management Systems

Latest news about Talent Management Systems

2022. Humaans raises $15M to simplify HR tasks like onboarding



Humaans, an HR tech startup that lets organizations build a customizable HR stack that manages employee documents, data, payroll, contracts and other components of people ops. Humaans is designed to capture employee details by storing personal and company docs (e.g., identification, emergency contacts and basic profiles), ostensibly making it easier to spot missing data points. The platform monitors things like probation periods and which employees are joining and leaving, as well as birthdays and work anniversaries, expiring IDs and time away and vacation hours. Beyond this, Humaans can show headcount changes by department, tenure and salary spend and trends like when employees have typically taken PTO.


2022. HR service for digital nomads Benivo raises $12M



Benivo, a B2B SaaS HR platform solution for mobile or moving workforces, has raised $12M. Benivo has now managed to secure clients including Google, Mondelez, General Electric, Phillips 66, Unity, Wayfair, CGI, Bloomberg and around 50 others. The so-called “global mobility” market is pretty large, but many processes are still manual and often require the use of several platforms by staff or their companies. Benivo’s pitch is that it uses AI to automate and predictive analytics to help that poor person in HR who needs to move staff around, or monitor where the hell they are going.

2022. Workday turns more modern and personalized with new interface makeover



Workday, which offers a set of services to help companies manage people and finances, has announced an interface overhaul across the product line in an attempt to modernize and make it easier to use for everyone, from frontline workers to managers to IT. It delivers an experience based on job role, rather than having a one-size-fits-all interface. And it goes beyond making it easier for users to do their work but also enables companies to extend the platform for all the custom things. An example of how Workday has connected to other systems, even before this change, is its integration in Slack. Instead of requesting a day off in the Workday application, an employee can make the request in Slack and the request is routed automatically to a manager in Slack, who can quickly approve it.


2022. 15Five, a pioneer in talent management HR tech, raises $52M



15Five — an early mover in the world of building technology to help motivate teams, and to improve performance management for execs overseeing those teams — has raised $52 million. Now it's in use at some 3,400 companies — customers include Credit Karma, Spotify and Pendo, with its sweet spot specifically on businesses with between 100 and 2,500 employees. 15Five describes itself as not just as providing insights, but also outcomes, ushering in a wider move into areas like coaching and education to expand a platform that today is used to help track and set goals for teams and individuals in them. There are any number of enterprise software companies in the market today that are addressing the challenges in HR, enterprise training and education, and performance management, but what makes 15Five unique among them is how it is integrating all of these, and how it’s doing it first and foremost from the perspective of performance management.


2022. Gloat nabs $90M to build AI-powered internal jobs marketplaces



Gloat, an internal marketplace for corporate talent, today announced that it raised $90 million in a Series D. The list of employee recruitment, acquisition and jobs boards products is practically endless — see Workday, LinkedIn and SAP SuccessFactors to start. But Gloat is unique in that it started by powering a solution for internal mobility. Across the market, there are a number of recruiting … tools to source external candidates, but internal mobility poses unique and nuanced challenges. It requires a real understanding of transferable skills and titles that may not be obvious without the deep, organization- and industry-specific insight Gloat’s technology was built to offer.


2022. Personio nabs $200M for its small businesses HRM



Personio — a startup that styles itself as a Workday and ServiceNow focused on the small and medium businesses, has raised another $200M. Personio’s core premise is that its software is built tailored to SMBs and how they are most likely to use software, with options for self-service integration and no requirements to have dedicated staff to support it. It made its name initially with its a tight offering of recruiting, onboarding and basic HR management tools. But as SMBs have grown in their IT ambitions, so too has Personio. The company has added third-party app integrations (which now number 100) and last year the company started to expand into workflow automation to help carry out task management, approvals processes, electronic signatures and other productivity tools.


2022. Finch raises $15M to build an API for HR systems



Finch, which builds APIs to connect corporate payroll, HR and benefits systems, has raised $15 million in a Series A. Finch positions itself as an API for employment systems. The platform acts as a connectivity layer for over 150 employment systems, letting apps and services such as Gusto, Justworks, Zenefits and ADP access employment data stored in disparate systems. Finch also offers specialized services like Finch Benefits, which is designed to simplify the process of creating benefits plans, enrolling employees in benefits, and handling benefits deduction and contribution updates. When an employee changes their contributions in a benefits app, Finch Benefits automatically updates it in the correct tax category on their paycheck.


2022. Frontline worker HR platform Snapshift raises $45M



France-based Snapshift that started out as a staff management web solution for restaurants and now has re-fashioned itself as a platform for managing the so-called “deskless workforce” - is raising $45 million in Series A. Frontline's mission is to help SMEs understand and optimize all things human resources-related, by simplifying payroll management, staff scheduling and providing guidance on complexities like ever-changing social and employment laws. Snapshift’s product enables customers to modernize their management systems, and promote trust and transparency, making them ‘great places to work’ for employees.


2022. HR automation platform flex raises $32M



South Korea-based human resources management platform flex announced today it has closed a $32 million Series B round. The startup’s mission is to enable corporations to automate and streamline manual human resources work processes and focus more on people. Its automation tools optimize the employee experience to ensure seamless data flow across groups for use in payroll, e-signature support, on/offboarding and people analytics. It also plans to launch performance review and talents relation management tools in the first quarter of 2022.


2021. Workday to acquire external workforce management startup VNDLY for $510M



Workday is to acquire VNDLY, a startup that helps companies manage external workforce personnel for $510 million. Workday helps companies manage finance and human resources tasks, and VNDLY fits nicely into the latter category providing them with software to manage contractors, a service that should come in handy at a time where it’s increasingly difficult to fill full time job openings. Bringing the two companies together means that customers can manage internal and external workers from the same interface, saving HR personnel from switching context based on worker type. In addition, customers will be able to plan for workforce needs, regardless of the type, while managing internal and external compliance and risk requirements related to this type of worker.


2021. China’s HR tech startup Moka closes $100M



Moka, a six-year-old Chinese startup that wants to make human resources management easier with software, said today it has closed a $100 million Series C round. The startup aims to automate the entire process of talent management, from hiring to retaining existing staff. For example, it can automatically collect post-interview feedback from candidates and store that information in a database. It can also alert employers when staff make changes to their resumes, which signifies they may be mulling new opportunities.


2021. Factorial raises $80M for its ‘Workday for SMBs’



Factorial, a startup out of Barcelona that has built a platform that lets SMBs run human resources functions with the same kind of tools that typically are used by much bigger companies, is today announcing some funding to bulk up its own position: The company has raised $80 million. Factorial offers a one-stop shop to manage hiring, onboarding, payroll management, time off, performance management, internal communications and more. Other services such as the actual process of payroll or sourcing candidates, it partners and integrates closely with more localized third parties.


2021. Knoetic raises $18M to make HR professionals’ lives easier with software



Knoetic, a startup that has built a software analytics platform for HR managers, emerged from stealth today with $18 million in Series A funding. Over 1,000 HR professionals are members of Knoetic’s social community, which the company has embedded directly into its people analytics software. The result is an “Insight Engine” designed to give CPOs both quantitative and qualitative insights with the goal of helping them make “smarter, holistic” decisions about their workforce. The network is a referral-only community aimed at giving HR professionals a forum to discuss best practices and their “most pressing challenges,” such as how to navigate the COVID Delta variant and transition to and from remote work. Chief people officers can also use Knoetic to do things like build board decks and present data to their CEOs. The company also claims the platform can help CPOs improve employee retention, compensation and hiring.


2021. Sora’s HR automation software raises $14M



HR automation software startup Sora has closed a $14 million Series A round of funding. Sora helps HR operations teams collect and sync data from various systems, create standardized processes for particular tasks, and aids collaboration among the larger people or HR team at a company. To do that, Sora can trigger automated emails from HR, centralize HR ops tasks, and shuttle data to and from disparate software tools used by a larger human resources team. The result is a reduction in busywork and rote tasks for HR operations teams, saving time and reducing the chance that a particular task falls through the cracks; because HR operations teams often oversee onboarding, for example, not making mistakes is pretty key.


2021. HRM startup Employment Hero raises $103M



Employment Hero, an automated human resources, payroll and benefits platform for SMEs, $103M USD. Employment Hero will continue focusing on Malaysia and Singapore until the end of this year, while looking at ways to cross-promote SEEK’s products and services in Asia. After that, it plans to localize Employment Hero for Indonesia, Thailand, the Philippines, Hong Kong and Vietnam. To localize the platform, Employment Hero starts with employment contracts, policies, leave rules and pay rules. Then it integrates with tax authorities and pension funds, before focusing on local benefits providers to get discounts on nondiscretionary expenses for users, like health insurance and mortgages.


2021. Visier raises $125M for its big-data approach to HR analytics and planning



Visier, a Canadian startup that has built a big-data engine to ingest and analyze information from disparate human resources and related applications to develop more accurate profiles of people and departments — useful when considering remuneration, promotions and wider hiring budgets — has raised $125 million (USD), a Series E that the company confirms now values it at $1 billion. The solution that Visier provides is a big-data engine that it has built that can connect to HR management tools like Workday, Success Factors, payroll applications, ingest the data contained in it, match it up to provide visualizations of the current state of things, and increasingly also predictive insights. Today, this is done typically for HR departments, but this has applicability to managers, finance departments and really the employees themselves.


2021. Workforce management platform Workrise raises $300M



Workrise, which has built a workforce management platform for the skilled trades, has raised $300 million in a Series E round. The company changed its name from RigUp earlier this year to reflect a new emphasis on industries other than just oil and gas after the industry took a beating in recent years. Workrise has broadened its reach to include wind, solar, commercial construction and defense industries. In a nutshell, it connects skilled laborers with infrastructure and energy companies looking to staff and manage projects efficiently. Workrise’s online platform matches workers with over 500 companies in its network, manages payroll and benefits and provides access to training.


2021. Employee training/motivation platform Rising Team gets $3M



Rising Team, a platform that combines management tools with training, has raised $3 million seed round. Rising Team helps managers motivate, organize and ultimately effectively lead their team. The first layer of the platform is the tools suite, which includes proprietary assessments and 1:1 templates. Most employee surveys focus so heavily on the actual job, with questions about where employees can do their best work. With Rising Team, the assessments are geared toward who team members are personally, with a look at how they want to be appreciated or what they believe their talents and skills are. Rising Team is also building out a community that lets managers communicate with one another.


2021. BrioHR raises $1.3M for its HRM software



BrioHR, which is building human resources (HR) software for Southeast Asia, has raised $1.3M. BrioHR competes with local companies that are more focused on providing single solutions, like payroll management. The startup is itself still building out its regional tooling, providing payroll support in only a handful of countries. It intends to expand that service to new countries this year, and be everywhere with its payroll product in two to three years.


2021. Microsoft launches employee experience platform Viva


Microsoft today launched Viva, a new “employee experience platform,” or, in non-marketing terms, its new take on the intranet sites most large companies tend to offer their employees. This includes standard features like access to internal communications built on integrations with SharePoint, Yammer and other Microsoft tools. In addition, Viva also offers access to team analytics and an integration with LinkedIn Learning and other training content providers (including the likes of SAP SuccessFactors), as well as what Microsoft calls Viva Topics for knowledge sharing within a company.


2021. Oyster snaps up $20M for its HR platform aimed at distributed workforces



Oyster, a startup and platform that helps companies through the process of hiring, onboarding and then providing contractors and full-time employees in the area of “knowledge work” with HR services like payroll, benefits and salary management, has closed a Series A round of $20 million. Currently, Oyster does not cover candidate sourcing or any of the interviewing and evaluation process: those could be areas where it might build its own tech or partner to provide them as part of its one-stop shop. It has dabbled in virtual job fairs, as a pointer to one potential product that it might explore.


2021. Workday nabs employee feedback platform Peakon for $700M



Workday is acquiring employee feedback platform Peakon for $700M. Managers of large organizations know that the bigger and more spread out your firm becomes, the more challenging it is to understand what’s happening across the company. The company uses weekly surveys to ask specific questions about the organization. For them it’s all about getting good data, and so far customers have used the platform to ask over 153 million questions since inception six years ago.


2021. Salesforce leads $15M investment in Asian HR tech platform Darwinbox



Darwinbox, which operates a cloud-based human resource management platform, has raised $15 million in a new financing round led by Salesforce. Darwinbox’s platform is built to take care of the entire “hiring to retiring” cycle needs of employees. It handles onboarding of new hires, keeps a tab on their performance, monitors attrition rate, and provides an ongoing feedback loop. It also provides its customers with a social network for their employees to remain connected with one another and an AI assistant to apply for a leave or set up meetings with quick voice commands from their phones.


2021. Personio raises $125M for an HR platform for SME



Personio, the German startup that targets small- and medium-sized businesses with an all-in-one HR platform covering recruiting and onboarding, payroll, absence tracking and other major HR functions — has picked up $125 million in funding at a $1.7 billion post-money valuation. It's building the product — which operates a little like Workday, but built for much smaller organizations. Personio currently counts some 3,000 SMEs in Europe as customers. Personio is not the only startup hopeful that the shift in how we work will bring a new appreciation (and appetite) for purchasing HR tools. Others like Hibob have also seen a big boost in their business and have also been raising money to tap into the opportunity more aggressively.


2020. HiBob raises $70M for its new take on human resources



Productivity software has been getting a major re-examination this year, and human resources platforms - used for hiring, firing, paying and managing employees — have been no exception. Hibob, one of the startups that’s built what it believes is the next generation of how HR should and will work is announcing a big fundraise, has picked up $70 million in funding. Hibob takes an approach from the ground up that is in line with how many people work today, balancing different software and apps depending on what they are doing, and linking them up by way of integrations: its own includes Slack, Microsoft Teams and Mercer, and other packages that are popular with HR departments.


2020. Welcome raises $6M to help your company hire and keep employees


Welcome, the HR software that helps organizations make and close offers to new candidates, announced the close of a $6 million seed round. Welcome is also launching a new product today called Total Rewards, which helps not just new candidates but also existing employees get a complete, easy-to-understand picture of their compensation, across salary, benefits, equity, etc. Welcome allows companies to organize their compensation offers based on level and position, and deliver that information digitally to candidates in a way that makes sense. The startup integrates with a variety of other software providers, including Slack, Lever, Greenhouse, ADP and Justworks to name a few, simplifying onboarding for Welcome clients and bringing a broad array of information into one place.


2020. Gusto is expanding from payroll into a full suite financial wellness platform



Gusto launched as a small business payroll startup but over the past few years it has been accruing new features outside of its original payroll product, features that redefine the borders between payroll and financial wellness, and in the process, are blurring the lines of the classic fintech market map. Now the company has launched a slew of new offerings that it hopes will give employees better financial and health options through their employers. The most interesting one here is a tool the company is calling Gusto Wallet. It’s an app and collection of products for employees paid through Gusto that basically acts as a mini bank and financial health monitor. It offers an interest-bearing cash account (called, appropriately enough, Cash Accounts) which can also divert a small slice of each paycheck into a user’s savings, similar to products like Acorns and Digit.


2020. Papaya Global raises $40M for a payroll and HR platform aimed at global workforces



Papaya Global, an Israeli startup that provides cloud-based payroll, as well as hiring, onboarding and compliance services for organizations that employ full-time, part-time, or contract workers outside of their home country, has raised $40 million in a Series B round. Different countries have different employment regulations, varied banking rules, completely different norms in terms of how people get paid, and so on. While there have been some really modern tools built for local workforces — Rippling, Gusto and Zenefits now going head to head with incumbents like ADP — they weren’t built to address these issues.


2020. Workforce management startup Legion raises $22 million



Legion, an artificial intelligence-driven platform for workplace management, has raised a $22 million Series B. Legion is designed to help employers better manage their hourly workforces by automating certain decisions, like how much labor to deploy to meet the needs of the company and when to schedule workers. Taking into account demand forecasting, labor optimization and the preferences of employees, Legion then generates a schedule that ensures employees are able to work when they prefer to work. Legion sells its platform to mid-sized to larger enterprise customers.


2020. Rippling nabs $145M to build its all-in-one platform for employee data



Rippling, the startup building a platform to manage all aspects of employee data, from payroll and benefits through to device management, has closed $145 million in funding. HR and employee management software are two major areas of IT that have faced a lot of fragmentation over the years, with many businesses opting for a cocktail of services covering disparate areas like employee onboarding, payroll, benefits, device management, app provisioning and permissions and more. That’s been even more the case among smaller organizations in the 2-1,000 employee range that Rippling targets. Rippling is approaching that bigger challenge as one that can be tackled by a single platform — the theory being that managing HR employee data is essentially part and parcel of good management of IT data permissions and device provision.