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

Lighthouse

Last year one of our most popular posts on the blog was a recap of some of the 2021 M&A activities across the HR Tech landscape. We tracked more than 100 different mergers and acquisitions across the HR technology space, and some of the ones we think are interesting or particularly notable are listed below.

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Tech is changing the game for compensation managers

HR Brew

Gone are the days of sifting through Excel cells or binders to audit employee compensation on a once-a-year basis. The proliferation of pay data makes HR’s role more complex, but technology has also evolved to meet the needs of today’s compensation managers. We used to get binders,” he said. “We Now, everything is electronic.”

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How HR tech’s people data boosts business performance

Bob

The role of HR professionals has completely transformed in the last five years. Their responsibilities range from the administrative functions HR has traditionally been associated with to being critical stakeholders in the success of the business.

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What HR should know about the TikTok workplace trend ‘QuitTok’

HR Brew

“Quitting is this really uncomfortable thing that happens in organizations…and, like all good social media, [QuitTok] is exposing the thing that we don’t often talk about or that are in the shadows of what happens in organizations,” said Hannah Yardley, CHRO at software company Achievers. Quick-to-read HR news & insights.

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What Is Time Off in Lieu (TOIL)?

Replicon

Among various flexible schedules coming into the picture, TOIL has also appeared as a preferred solution for compensating overtime work. TOIL or Time off in lieu is when an employee is entitled to extra time off for the additional hours worked, instead of any monetary overtime compensation. How Is TOIL Different From Overtime Pay?

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Exclusive: Remote seeks to deepen foothold in US market with expansion

HR Brew

It’s now seeking to deepen its footprint in the US market, one of the company’s top revenue drivers, HR Brew has learned exclusively. Remote launched in January 2019, shortly before the global shift to remote work prompted more HR teams to seek talent outside of the state or country where they’re based. Subscribe to HR Brew today.

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Employee Cost: How to Calculate the Cost of an Employee?

HR Lineup

Direct Costs of Employment Direct costs are the most obvious expenses related to employing staff, encompassing elements directly tied to compensation. These include: Base Salary: The primary component of an employee’s compensation, typically determined by factors such as job role, experience, and market rates.