New HR Tech from BambooHR, Paycor

HR tech news
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BambooHR®, the leading cloud-based human resource platform where everything works together, announced today the release of Employee Community, an internal communications hub, and Total Rewards, a compensation statement and retention tool, providing powerful resources to set HR pros free to do great work.

“Employee Community has been fantastic for employee engagement and really opened a lot of doors,” said Sarah Norwood, Human Resources Support Specialist at Fulkrum and BambooHR customer. “It’s completely changed the kind of engagement we have globally and made some massive changes for us.”

With Employee Community, leaders can seamlessly share important information in one centralized location, making it easier for employees and groups of employees to communicate and engage with each other in a more horizontal exchange of ideas and information. The platform also provides valuable insights into employee engagement metrics, allowing leaders to gauge the impact of their communication efforts and improve over time.

Paycor HCM, a leading provider of human capital management (HCM) software, today announced the release of two new offerings, Pay Benchmarking and Labor Forecasting. The new offerings will help HR and business leaders make more informed compensation decisions and enhance workforce planning.

Businesses today face a myriad of challenges, including managing labor demands, ensuring pay equity, and retaining top talent, all while striving to scale efficiently. Arming leaders with data-driven analytics empowers them to optimize key business decisions that unlock efficiencies, improve customer service and foster greater employee engagement.

By leveraging Pay Benchmarking, leaders can optimize compensation strategies and pay decisions based on industry standards and market data. In partnership with Visier, Paycor is providing regularly refreshed salary data for approximately 10 million jobs across the U.S. to give leaders greater confidence employees are being paid fairly and new offers are being extended at competitive rates.

Additionally, with Labor Forecasting, businesses can create optimal staffing schedules based on key demand drivers such as revenue, sales volume or customer traffic. This new solution meaningfully improves leader’s ability to efficiently manage their staffing levels while providing customers with the best service possible.

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