SAP, Microsoft Teams, Textio, the joint employer rule, overtime, ageism, and plenty of funding - This is what we look at today on this episode of the BARF.
This weeks takeaways:
SAP SuccessFactors and Microsoft Teams Partnership: Now, Microsoft Teams users can access performance management features through the app, thanks to the partnership with SAP SuccessFactors.Textio Layoffs: Textio's recent layoffs highlight the challenges HR tech companies face in a competitive market, emphasizing the importance of adapting to changing trends and technologies.Overtime Threshold Increase: With the overtime threshold rising, more employees will be eligible for overtime pay, providing increased protection for workers.Portable Benefits for Gig Workers: Offering benefits not tied to a specific job or employer, portable benefits for gig workers provide flexibility and security.NVIDIA Stock Awards: NVIDIA's provision of stock awards to employees showcases its efforts to retain talent and provide additional benefits to its workforce.Acquisitions in HR Tech: Companies like Multiverse and Cadient are being acquired, indicating ongoing consolidation in the HR tech industry.Identity Verification Importance: With AI's rise, verifying individuals' authenticity becomes increasingly crucial.Resources for HR Acronyms: For those confused by HR acronyms, resources like the A to Z guide of HR acronyms by AIHR are available.Ageism in the Workplace: Both younger and older candidates face biases, highlighting ageism's prevalence.Employee Engagement Decline: Engagement levels are at an 11-year low, signaling a potential shift in engagement's definition in modern workplaces.Racial Gaps in Recruitment: Racial gaps in recruitment processes vary among companies, affecting applicants' experiences.Name Changes Impact: Name changes introduce multivariable analysis in job applications, making it harder to pinpoint rejection reasons.Humility in Leadership: Leadership humility fosters informality and mentor-mentee relationships, enhancing career success.Recent Funding Rounds in HR Tech: Companies like Sprinto, Steps Connect, and Veremark have recently raised significant funds for their HR tech solutions.JFF Ventures Fundraising: JFF Ventures, focused on education and workforce, raised $15 million in its second fund.Role of Background Check Companies: Background check companies play a crucial role in managing hiring risks and ensuring compliance, with their services expanding globally.
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