Exit Interview By Patrick Donegan #121
For some time, I’ve been looking for one “source” that curates modern takes on HR Tech, perspectives from the people who build it, and its impact on enterprise — something that’s tailor-made by professionals for decision-makers.
I never found it — so I decided to build it.
Every week, I’ll be sharing fresh insights on tech platforms, design, data, and the future of work — straight to your inbox.
My Thoughts?
In today’s highly competitive market, mergers and acquisitions ?? ?? ?? are a common and strategic opportunity for organizations to stay resilient, agile, and innovative. But while the payoff may be large, consolidations require a change in perspective and a willingness to embrace new ways of working. If the acquiring company can embrace the culture and expertise of the smaller firm, and the acquired team is willing to work with the larger organization to find synergies and grow together, the potential for success is enormous. If the cultures clash or are incompatible, it can quickly lead to disengaged employees, decreased productivity, and a failed acquisition. ??
Fortunately, there are proven ways to ensure a smooth consolidation. So if you happen to find yourself preparing for, or even in the midst of, an M&A, I definitely recommend checking out my latest Forbes article?here. ??
Tech Innovation at Work
Zoom??? has announced its?acquisition of?Workvivo, an employee experience (EX) platform, in a strategic move to expand its EX offerings. Workvivo, known for its employee communication and engagement solutions, aims to bring a social media-like experience to workplace communication. This acquisition is a big step for Zoom, which has long been in the race to become one of the great central communication platforms for companies. ?? The collaboration also underscores the current trend of putting employees at the center of business strategy, highlighting the importance of strong internal communication tools for building a positive and engaging workplace culture.
In an unexpected turn of events, Elon Musk's?Twitter ???has?purchased job-matching platform?Laskie. Laskie's model, which focuses on connecting freelancers with companies in need of their expertise, seems poised to benefit from the immense reach and user base of Twitter. Laskie's system uses a combination of algorithms and human analysis to ensure a proper fit between potential employees and organizations. Twitter's acquisition of Laskie indicates a potential new direction for the social media platform, suggesting a move towards becoming a more comprehensive social media tool that includes professional networking and job placement. (aka, LinkedIn? ??) We’ve all been somewhat forced to watch the chaotic saga of Twitter over the past few months, but I don’t think many of us were expecting something like this. While financial details of the deal remain undisclosed, the acquisition represents a possible strategy by Twitter to capitalize on the burgeoning gig economy and the evolving work landscape.
In a move to bolster frontline employee engagement and communication, First Watch, a popular daytime dining ?? brand, has partnered with goHappy. goHappy is a direct messaging and social communication platform that aims to streamline interactions within the workplace. Through this collaboration, First Watch is hoping to enhance the sense of community among its employees by leveraging goHappy's features to facilitate effective communication and foster stronger relationships within the team. goHappy's platform allows for direct messaging, news updates, shift swapping, and more, enabling a more connected and informed workforce. For First Watch, this is a strategic decision focused on improving employee engagement and satisfaction. ?? This move underscores the growing importance that companies across sectors are placing on effective internal communication, which has been shown to have a direct impact on employee morale and, ultimately, customer service.
领英推荐
The Changing Workplace
Workday?has released its?2023 State of Engagement Report??? ??, an annual snapshot of EX and what employers should prioritize to keep teams happy and workplaces productive. Highlights from this year include the shift from survival mode induced by the pandemic to strategies for long-term success, the role of digital tools in effective remote work, and the importance of flexible work and mental health resources in long-term employee well-being. Workday's data suggests that employee engagement is a critical determinant of an organization's ability to navigate and thrive in uncertain times (the phrase we can’t seem to escape ??). In this digital age, the focus is on "employee-centric" workplaces, creating a paradigm shift that calls for a balance between leveraging technology ?? for efficiency and fostering a human-centric approach to management. As businesses recalibrate their strategies for a post-pandemic world, the emphasis on engagement will continue to shape the future of work.
Indeed Hiring Lab's??? ?? ?? recent study reveals a marked increase in the number of job postings that disclose salary ranges and industry-specific insights, jumping to 7% in April 2023 from virtually zero in April 2021. Progress, however, is far from universal?or?uniform. The study found geographic disparities in the adoption of this practice. Regional differences in adoption rate, for instance, San Francisco or Seattle versus Raleigh or St. Louis, correlates with a higher prevalence of pay transparency in white-collar industries, namely tech and finance. The report includes several nuances to help leaders understand whether they measure up to competitors. Check it out?here. ???
ADP Research Institute?(ADPRI)’s workforce pulse report, MainStreet Macro,?posits?that the phenomenon dubbed "The Big Quit” or “The Great Resignation,” where workers voluntarily left jobs in record numbers, may be giving way to "The Big Stay." ADPRI's data shows a significant drop ?? in voluntary job-switching in the fourth quarter of 2022 compared to the high levels observed in the second quarter of the same year. The report suggests a possible correlation between job-switching rates and the fluctuations in COVID-19 cases, indicating that the pandemic continues to impact workforce trends. ?? ?? It’s now anticipated that businesses will likely witness (and more than likely benefit from) "The Big Stay," ? where employees hold onto their current positions as the economy stabilizes and the job market becomes less volatile. While this shift offers stability for employers, the challenge remains in finding effective ways to retain talent and improve job satisfaction in the long term — especially once the market conditions return to normal.
Editor's Picks