HR Tech Partnerships for November

HR tech partnerships
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Loxo and FoxHire, two leading software and services companies in the hiring and recruiting industry, announced today that they have entered into a strategic partnership to deliver a comprehensive solution for companies seeking top talent. The partnership will enable Loxo and FoxHire to combine their respective strengths to offer a streamlined, end-to-end solution for recruiters and hiring managers that want to offer contract or temporary staffing.

Loxo is an innovative Talent Intelligence Platform that reduces time to hire, cuts costs, and helps recruiters find higher-quality talent. FoxHire is a software enabled Employer of Record (EOR) platform that allows recruiters and staffing agencies to place contract workers in all 50 states and 100+ countries.

Under the terms of the partnership, Loxo and FoxHire will collaborate on an integration that makes using both services together more seamless. They will also partner together on education and sales efforts.

UKG, a leading provider of HR, payroll, and workforce management solutions for all people, today announced a strategic partnership with Eightfold AI, a leader in AI-powered talent intelligence, to help companies that strive to be great workplaces transform high-volume hiring by more effectively attracting and engaging high-performing, diverse talent.

Applying AI recommendations at every stage of the hiring process allows organizations to excite, engage, and convert the right candidates — no matter how many applications they receive — to ensure future success. Utilizing the open and extensible framework provided by the UKG FleX platform, Eightfold AI will tightly integrate with the UKG Pro suite, creating a streamlined talent acquisition experience for enterprise organizations.

Payactiv, a leading provider of holistic financial wellness benefits, and a member of Oracle PartnerNetwork (OPN), today announced it is now available on Oracle Cloud Marketplace and can be integrated with Oracle Fusion Cloud Human Capital Management (HCM).

With Payactiv, Oracle Cloud HCM customers will now be able to help their employees manage day-to-day finances, pay bills on time, save and budget, access free 1:1 financial coaching and reach their financial goals.

Infor®, the industry cloud company, today announced a new partnership with DailyPay, the industry leader in on-demand pay, to offer its customers the ability to seamlessly provide employees with easy and quick access to their earned wages. Through this partnership, customers using Infor Workforce Management solutions can provide hourly employees with same-day access to their pay, without disruptions and additional administrative tasks for payroll teams. This will help organizations remain competitive in the ever-evolving employee landscape and support employees in the journey to achieve financial wellness, ultimately increasing employee retention.

Symphony Talent, the full funnel talent acquisition platform and brand services provider turning quality candidates into colleagues, has partnered with a third-party research firm to uncover Symphony Talent client data and sentiments, leveraging them to produce accurate, client-based ROI calculations across five key areas: CRM, career sites, AdTech, assessments, and full-suite solutions.

The firm conducted independent research, consisting of multiple in-depth interviews across Symphony Talent’s largest and most proactive accounts. Insights gleaned from these interviews highlighted the specific challenges that Symphony Talent resolves, delivering a quick and compelling ROI. This data serves as the foundation for our ROI calculations.

A few examples of data points gathered in this research include:

  • 65% reduction in time spent on administrative recruiting tasks (Full suite)
  • 305% ROI generated over three years with Symphony Talent’s career sites
  • 30% reduction in time spent qualifying talent with assessments
  • 730% ROI generated within one year using Symphony Talent’s CRM
  • 70% reduction in time spent managing media spend with improved visibility

“Conducting due diligence when investing in a new talent acquisition or branding solution should include exploration of the anticipated ROI. What makes our ROI tool unique is that it’s built on real client data, enabling talent teams to get a true view into what they can expect by partnering with Symphony Talent,” Randa added.

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