Jun
08
2018
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Workday acquires Rallyteam to fuel machine learning efforts

Sometimes you acquire a company for the assets and sometimes you do it for the talent. Today Workday announced it was buying Rallyteam, a San Francisco startup that helps companies keep talented employees by matching them with more challenging opportunities in-house.

The companies did not share the purchase price or the number of Rallyteam employees who would be joining Workday .

In this case, Workday appears to be acquiring the talent. It wants to take the Rallyteam team and incorporate it into the company’s engineering unit to beef up its machine learning efforts, while taking advantage of the expertise it has built up over the years connecting employees with interesting internal projects.

“With Rallyteam, we gain incredible team members who created a talent mobility platform that uses machine learning to help companies better understand and optimize their workforces by matching a worker’s interests, skills and connections with relevant jobs, projects, tasks and people,” Workday’s Cristina Goldt wrote in a blog post announcing the acquisition.

Rallyteam, which was founded in 2013, and launched at TechCrunch Disrupt San Francisco in September 2014, helps employees find interesting internal projects that might otherwise get outsourced. “I knew there were opportunities that existed [internally] because as a manager, I was constantly outsourcing projects even though I knew there had to be people in the company that could solve this problem,” Rallyteam’s Huan Ho told TechCrunch’s Frederic Lardinois at the launch. Rallyteam was a service designed to solve this issue.

Last fall the company raised $8.6 million led by Norwest Ventures with participation from Storm Ventures, Cornerstone OnDemand and Wilson Sonsini.

Workday provides a SaaS platform for human resources and finance, so the Rallyteam approach fits nicely within the scope of the Workday business. This is the 10th acquisition for Workday and the second this year.

Chart: Crunchbase

Workday raised over $230 million before going public in 2012.

Mar
16
2018
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Small businesses love free stuff, so Gusto is giving them free HR Basics

Gusto, formerly ZenPayroll, is the rare startup unicorn that has stayed relatively mum on its product and growth — its last press release, for instance, was more than a year ago. The company’s core offering remains payroll for small businesses, and it has been working to expand its customer base across the nation, including having its CEO, Joshua Reeves, go on a tour of the country to visit SMBs in an RV.

Now the company is opening up a bit on its recent progress. Gusto has just hit 60,000 customers nationwide, or roughly 1% of all employers in the United States, according to the company.

The company is also working on new products. One challenge small businesses face is getting access to high-quality, yet affordable, software, particularly in HR. “Small businesses actually get that people are the core more than large companies,” Reeves explained to me. “In a 10-person company, you know everyone, your customers are your neighbors, but they never really had access to high-quality software.”

Gusto is hoping to fill that gap, announcing the beta launch of a new product it’s calling HR Basics. The product offers a suite of tools for small businesses to handle the quotidian tasks of HR, including managing vacation time, compiling employee directories and improving the onboarding of new hires. Most importantly, the product is free, and doesn’t require a credit card or a bank account to sign up.

Reeves believes that Gusto has two purposes: to offer “peace of mind” to small business owners around areas like compliance that can lead to negative enforcement actions, and to provide software that can help companies become “great places to work” that are more focused on community. Reeves is particularly passionate about the latter point. “Even the terminology ‘human capital management’ — humans are not capital, humans are not resources, they are people, thank you very much.”

One particular area of focus for HR Basics is around onboarding. Gusto is hoping it can move all HR paperwork online, so that everything required to officially onboard an employee can be done even before the employee walks into work the first day. With that out of the way, Gusto can then focus on helping companies create the right corporate culture. For instance, the product offers a “Welcome Wall” where other employees can write cheerful and encouraging notes for a new employee to make them feel like they belong at the company from day one.

The Welcome Wall is designed to encourage new employees joining a company

This new product is free for businesses, and Gusto obviously hopes that it creates a funnel of potential customers who will eventually sign up for its payroll service and full HR platform, which charge around $6-12 a month per employee based on the specific plan that a business chooses.

One interesting commitment Gusto is making according to Reeves is that an employee’s profile on the platform will be a lifetime account. If an employee moves from one company to the next and both use Gusto, all of the preferences and other data required to administer HR should work immediately.

That portability mattered less in a world where employees spent decades at a single company, but now that employees often switch employers as often as every year, the repeated savings of time in the transition can be quite significant. Longer term, Gusto sees that sort of portability as critical for facilitating the changing nature of work in the 21st century.

Gusto, which was founded in 2011, is now entering middle age, and the company has 530 employees across its San Francisco and Denver offices, according to Reeves.

Update: Added the number of customers Gusto currently has.

Mar
06
2018
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Justworks raises $40M to build a simpler business operations suite

 Isaac Oates runs a startup that’s looking to be a complete suite of operational tools like human resources and payroll for businesses — but he and his team initially didn’t get why users kept asking better reporting tools over and over again. It’s indicative of the constant push-and-pull startups and founders face when having to juggle the hopes and dreams of their own… Read More

Jan
05
2017
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After rejecting Google, Namely raises $50M to take on the biggies in HR

2240752018_37976b95df_b One of the big HR startup stories of the last year has been the trials and tribulations of Zenefits, but news coming out today from another company in the space shows that there is still a lot of opportunity in the industry with the right approach. Namely, a New York-based SaaS HR firm that focuses on mid-sized (100 to 1,000 employees) companies offering an all-in-one human resources… Read More

Oct
05
2016
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Zenefits makes licensing compliance app available for free in the Salesforce App Exchange

disrupt_sf16_david_sacks-3705 Zenefits announced this week, it was making a licensing compliance app it created in-house to ensure its sales people are properly licensed to sell insurance in a given state, available for free to anyone to download from the Salesforce App Exchange. Last winter Zenefits was sailing along providing HR services in the cloud for small and medium businesses when a bombshell hit. Buzzfeed… Read More

Aug
07
2016
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HR 2.0 is the poster child for the next wave of SaaS innovation

shutterstock_157573751 The path for SaaS domination of a market segment has historically followed one of two routes: bringing previously offline workflows online, or moving on-premise software processes online. In short, SaaS would take over segments that previously were not SaaSified. Yet, the current wave of HR SaaS innovators the past few years is proving that there can be more to the story. Read More

Apr
15
2016
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Impraise raises $1.6M seed to rethink how companies handle performance reviews

shutterstock office Annual performance reviews are often more like an annual headache for both managers and employees. Impraise, a startup that wants to streamline the process with a mobile app, just raised $1.6 million in seed funding. Investors include Palm Drive Ventures, China Growth Capital, and HenQ. Read More

Apr
23
2015
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Salesforce Makes Hard Push Into Human Resources With New Platform

Woman pointing a concept picture of a network of people. One person has been selected in the center and stands out. Salesforce.com announced a new set of human resources tools today designed to improve employee engagement. The tools have been mostly adapted from existing Salesforce products and represent a significant departure from Salesforce’s traditional sales and marketing targets.
“What we are doing is taking the best of our technologies and allowing customers to turn them inward and… Read More

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