January 23, 2025

Spilling the Tea on HR Tech - Will your skills become obsolete by 2030? The Paychex-Paycor deal, UKG’S leadership moves, and the blurring lines between HR and IT.

46 minutes

In this episode of Spilling the Tea on HR Tech, Stacey Harris and Cliff Stevenson discuss a range of changes in the HR market, starting with Paychex's intent to acquire Paycor for $4.1 billion – a move that would impact the small- and mid-sized HR tech markets. They also cover key executive announcements, including new appointments at UKG and 15Five. The conversation culminates with insights from the World Economic Forum's latest report on the future of jobs, which identifies, broadening digital access, cost of living increases, and climate mitigation, and demographic shifts among the most important trends impacting workforces.

Key points covered include:

↪️ The Paychex’s pending acquisition of Paycor represents a strategic move to gain upmarket share. Stacey and Cliff discuss the signs pointing to market maturity in the payroll tech segment and the potential for further consolidation.

↪️ UKG makes a strategic leadership moves, by appointing as president and CFO Arlen Schenkman, who previously held senior executive roles at Boomi, Citrix, and SAP. 15Five adds to its board of directors Larry Donovan, who most recently was chief revenue officer for Dayforce. Stacey and Cliff talk about how these leaders could influence corporate strategies.

↪️ The World Economic Forum 2025 report, The Future of Jobs, predicts that 39% of workers’ skills will become outdated within five years; the report identifies, analytical thinking, resilience, flexibility, and agility as critical competencies for the future.

↪️ NVIDIA's Jensen Huang suggests IT departments will become the "HR department for AI agents," raising important questions about the future relationship between HR and IT and the implementation and governance of AI-enabled systems..

Special announcement! Fostering a more inclusive and positive culture in a workplace of constant change is hard and messy but not impossible. In our in-depth and collaborative learning program, we break it down. Join Navigating Change with Confidence, a cohort-based, immersive program launching in January 2025. Click here to learn more.

Don’t miss this exciting thought leader conversation! Follow the hosts and companies mentioned below:

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Stacey Harris

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Cliff Stevenson

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