New HR Tech: Sequoia, Catalyte

HR tech news
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Sequoia, the pioneer in benefits and compensation, announced Sequoia Comp OS™ 2.0 on the Sequoia People Platform. This transformative solution equips companies with real-time visibility and heightened control over their organization’s global people spend.

Sequoia Comp OS, which is already used by over 250 Sequoia clients, unifies HR, finance, business leaders, and employees within a single operating system, simplifying the often tedious and frequently spreadsheet-reliant compensation management process.

Sequoia Comp OS is a modern way for companies to:

  1. Standardize jobs and set pay ranges to establish competitive and equitable pay. 
  2. Allocate total compensation effectively for current and future jobs with headcount planning, active hiring plans, and merit cycle planning.
  3. Stay compliant with pay regulations and corporate governance.
  4. Communicate successfully with employees through personalized offers, merit letters, and total rewards statements.
  5. Leverage real-time guided analytics to track global people spend and organizational changes.

In addition, Sequoia provides strategic Compensation Advisory services through their team of compensation experts specialized in helping modern companies. This same team worked hand-in-hand with Sequoia’s product organization to design the Comp OS solution so that clients can quickly operationalize their tailored advisory services.

Catalyte has announced it closed $1.5M in funding from Green Street Impact Partners, a leading ed-tech private equity fund. This is in addition to the $1.5M that company secured in July 2023. Catalyte will use the investment to accelerate the growth of its apprenticeship programs, which deliver highly-vetted talent to employers, helping both private and public sector organizations de-risk their hiring processes, increase productivity, lower costs and drive sustainable diversity.

Founded in 2000, Catalyte has amassed nearly 25 years worth of real-world data on employee performance. It leverages that data to continuously refine its AI-powered, end-to-end reskilling platform to discover, develop and deploy high-potential talent into new careers, regardless of their background. This helps to dismantle the inequities of traditional hiring practices, giving more people the opportunity for family-advancing careers, while providing employers high-quality talent they can’t source through traditional methods.

Catalyte has delivered day-one-ready talent to such notable organizations as Nike, GroupM, the State of Maryland and USA Swimming. Its apprenticeship programs transform the lives of people and helps employers boost their bottom line and top-line culture. It currently offers apprenticeship programs in software development, sales, digital media, cyber security, IT services and project management.

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