April 2021 was a tumultuous month for Human Resources (HR) software vendors, with a flurry of mixed news. ADP’s CEO, Carlos Rodriguez, announced his retirement after a decade at the helm. He will be succeeded by Nazzic Keene, an outsider to the HR tech industry.
Workday announced a new partnership with Salesforce to develop employee-centric experiences. This collaboration aims to provide a single source of truth for employee data, thereby simplifying decision-making processes.
UKG, a merger of Kronos and Ultimate Software, experienced a significant increase in sales during the first quarter of their fiscal year. Their total revenue reached $798 million, a 22% increase compared to the same period last year.
Oracle unveiled its new Journeys platform, designed to help employees manage their professional and personal lives more effectively. The platform provides personalised, step-by-step guidance on a range of tasks, from onboarding to retirement.
In contrast, SAP’s HR software sector faced challenges, with a decline in software licenses and cloud revenue. The company’s shift towards cloud-based solutions was slower than expected, resulting in a 1% decrease in overall revenue.
Finally, Ceridian, a global HR software company, announced its acquisition of Ideal, a talent intelligence software provider, to improve its hiring capabilities.
Go to source article: https://diginomica.com/avalanche-mixed-news-re-hr-month-was