A little roundup of HR tech companies in the news.
ADP, a leading global technology company providing human capital management (HCM) solutions, has been named by FORTUNE® magazine as one of the "World's Most Admired Companies" in 2024. This marks ADP's 18th consecutive year on the distinguished list, which considers performance and reputation in key areas including product and service quality, effectiveness in doing business globally and innovation.
"With the pace of change only accelerating each year, we're extremely proud our efforts continue to earn such noted recognition," said Maria Black, president and chief executive officer of ADP. "Today's business landscape is rapidly evolving, driven by data and new technologies like generative AI. ADP's 75 years of experience combined with the dedication of our 63,000 associates worldwide has enabled us to innovate and meet the changing needs of our clients, designing solutions that can make a real impact for their businesses and their people."
Daxtra the leading provider of AI-enriched software for the talent acquisition ecosystem, today reported its 2023 accomplishments and reinforced its strong momentum going into 2024 thanks to its newly expanded leadership team, expanding global footprint and cutting-edge AI technology. Daxtra addresses key challenges faced by recruiters and candidates, improving recruiting processes for multi-national enterprises, staffing agencies and other software vendors. It processes over one billion resumes, performs more than 25 million searches a year and is poised for continued growth in 2024.
Daxtra enters 2024 with a strong leadership team after making key new hires in 2023. Daxtra founder and former CEO Andrei Mikheev assumed a new role as Chief Innovation Officer. Terry Baker joined as the new CEO, bringing more than 30 years of experience managing high-growth technology companies. Dan Surette joined Daxtra as CFO, adding his broad range of global finance experience to the leadership team. Christian Ward also returned to Daxtra as CEO for Asia-Pacific operations. Chris Wirt was promoted to Vice President of Sales – Americas, while Terry Bustamante was promoted to Vice President of Alliances & Partnerships, a strategic role that builds long-lasting relationships with industry partners.
Daxtra continued to innovate its suite of products, expanding the intelligent ranking in Daxtra Search Nexus to rank candidate applications, aiming to solve the challenge clients were experiencing in managing high volumes of applications. Daxtra is also taking a federated approach to using large language models (LLMs) to enhance its skills taxonomy, parsing accuracy and matching algorithms---with further rollouts of LLM improvements to Daxtra Search Nexus and Daxtra Parser on the product roadmap for 2024.
“Taking a federated approach to the use of LLMs in our products has further differentiated Daxtra’s solutions and delivered unprecedented value to our customers,” Daxtra CEO Terry Baker said. “We also provided value by launching significantly enhanced partnerships with both ATS providers and job board sites to further accelerate sourcing for customers. We continue to add new partnerships that we look forward to announcing during 2024.”
In June 2023, Daxtra announced a majority growth investment from Strattam Capital. With this investment, Daxtra will meet customer demand in North America while continuing to offer high-quality solutions and support to its global customer base.
Talent assessment provider Plum continues to move HR technology forward with its visionary solutions. The growth is directly related to progressive organizations managing change through technology, specifically Plum’s ability to support business agility, talent retention and uncover deep workforce diagnostics.
Plum CEO Caitlin MacGregor shared, “We’re excited to see our full lifecycle approach embraced by so many organizations, especially those moving to a skills-based workforce model. With Plum, our customers can answer the elusive question of ‘what’s your bench strength’ and parlay those insights into competitive advantages. Plum is the expansive playbook for these exceptional times where old ways of thinking won’t solve new and unseen problems.”
Despite significant macro-economic fears at the start of 2023, Plum secured $6M in new funding and welcomed a number of high-profile clients throughout the year, including Deloitte, Syneos Health, WEG Transformers USA, an enterprise retail healthcare organization, a Fortune 500 agricultural and food business and others. Plum furthered its partner ecosystem, strengthening its relationship with SAP and entering into new relationships with Parsons Strategic Consulting, RADICL, Shaker Recruitment Marketing, Sounding Board and several more. To support its ongoing growth, Plum worked to develop its team, making 18 new hires and promoting ten across the organization. The majority of this expansion impacts sales, marketing and customer success.
With the agenda now available, the HR Technology Conference & Exposition® Europe today announced its full lineup of speakers with session details. Taking a global eye to the rapidly evolving HR tech market, the two-day event, scheduled for 2 – 3 May 2024 at RAI Amsterdam, will feature five distinct keynotes from industry analysts Josh Bersin, Madeline Laurano and Kevin Oakes, as well as Recruiting Brainfood creator Hung Lee and Keith Sonderling, Commissioner of the Equal Employment Opportunity Commission (EEOC) in the U.S.
Bersin will deliver the opening keynote as a panel discussion, “The Revolutionary Effects of AI and Technology on the Employee Experience,” on the morning of Thursday, 2 May. Moderated by Bo Vialle-Derksen, EMEA Leader for the Josh Bersin Company, Bersin will join Uzair Qadeer, Chief Human Resources Officer at BBC, to explore the changing world of work, cutting-edge HR innovations and the practices that distinguish industry-leading organizations.
Thursday afternoon, Madeline Laurano of Aptitude Research will present the “Global State of HR Technology,” drawing on new research set to be unveiled at the HR Technology Conference Europe. Providing a comprehensive overview of the global technology shaping today’s HR strategies, Laurano will also share fresh perspectives from her findings and look at key industry players.
On Friday, Keith Sonderling of the EEOC will bring together high-ranking officials from government labor agencies in the United States, European Union, United Kingdom and the United Nations for an exclusive panel titled “Regulating HR Technology: Global Regulators Perspectives.” Sonderling and the panelists will consider what HR teams can do in advance of new AI laws to ensure their organization’s HR technologies comply with today’s legal, ethical and regulatory global landscape.