HCM Talent Technology Roundup January 20, 2022

WorkStep, a hiring and retention platform for the supply chain, raised $25 million in Series B funding. The investment brings its total funds raised to $42 million. The round was led by NewRoad Capital Partners.

MojoHire completed beta testing its intelligent talent discovery system and moved it to general availability for the healthcare and technology verticals. The platform sits atop the HR tech stack, offering talent acquisition teams a unified view of people across systems. The idea is to help them easily discover internal and external talent, build teams and generate increased value from earlier technology investments.

DriverReach, a recruiting and compliance management system, closed a $7.5 million Series A funding round. The round was led by Fulcrum Equity Partners, with participation from CreativeCo Capital. The company said it will use the funds for research and product development with an eye toward expanding its features to enable more compliance and reporting functionality and more integration with job boards and other lead generation partners and to add approximately 60 individuals over the next three years, with an emphasis on sales and marketing.

While 80% of employed American adults consider professional development and training an important consideration when accepting a new job, only 39% say their current employer is helping them improve their current skills or gain new skills to do their job better, according to results the American Staffing Association Workforce Monitor. Many said they aren’t receiving the skills training needed to maintain or grow their careers.

Demand for DEI leaders is growing as more consumers, employees and even investors demand change in corporate America. In fact, says Business Insider, Diversity and inclusion manager ranked second on LinkedIn’s Jobs on the Rise 2022 report, which was released Tuesday.

Authors

Mark Feffer

Mark Feffer is executive editor of RecruitingDaily and the HCM Technology Report. He’s written for TechTarget, HR Magazine, SHRM, Dice Insights, TLNT.com and TalentCulture, as well as Dow Jones, Bloomberg and Staffing Industry Analysts. He likes schnauzers, sailing and Kentucky-distilled beverages.