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2022 Was Another Record Year for HR Tech: See 20+ M&A Activities that Shaped the Market

Lighthouse

Kazoo (formed from a merger of HighGround and YouEarnedIt in 2019) picked up WorkTango and renames itself after the acquired company, offering everything from performance and employee listening to engagement and recognition tools under one banner. Learning Management Technology. Compensation Management Technology.

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FAQ: How Can Businesses Determine Merit and Compensation Without Ratings?

Kazoo

Prior to using HighGround, Patagonia determined and communicated merit pay, or bonuses, and compensation, or base pay, once a year in conjunction with annual reviews. The process was based on a combination of ratings on a five-point scale and manager discretion. Patagonia redesigned its process from the ground up with HighGround.

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HR TechStack – Performance Tracking

Workstride

It helps organizations establish employee performance standards and enables managers to evaluate employees’ job performance in relation to these standards. Performance management systems are used to manage employee progress, performance, and development in relation to organizational goals.