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2024 HR Tech M&A Activity: A Year of Resilience and Growth

Lighthouse

One of my favorite activities every year is pulling together some of the insights of the previous year to highlight, and we’re already seeing 2025 movement right out of the gate with the Paychex acquisition of Paycor just announced. Looks like an exciting year ahead!

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M&A Friday! This Week’s HR Deals

Advos

Paychex Acquires Lessor Group. ATS and Assessment Screening Business Partnership. EBI’s Screening Platform Achieves SAP-Certified Integration with Cloud Solutions from SAP. ProAktive Risk Group, an Insurance Broker and Risk Management Consultancy, Raises £2M in Management Buy-Out. based Accounting and Payroll Provider .

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2024 Top HR Tech Products of the Year: Phenom Automation Engine

HRExecutive

By automating tedious tasks, such as candidate sourcing, screening and scheduling, the engine accelerates hiring and enhances candidate experiences. What it is: The Phenom Automation Engine transforms talent acquisition and management by integrating advanced automation into every stage of the talent lifecycle.

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Top Cognitive Assessment Tools

TalenX

It is one of the global leaders in offering employment-related skill testing and has more than 4000 customers around the globe, which includes Coca-Cola, Zappos, FedEx and Paychex. It is integrated with API, Oracle Taleo, iCIMS, and offers an advanced detailed report about the candidates and allows analysis of the smallest details.

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The best timeclock options for small businesses

Business Management Daily

The device also supports free payroll exports to services such as QuickBooks, Paychex, SurePayroll, Paycom, and ADP Workforce Now. The touch screen provides a modern touch and the screen nicely displays a summary of the employees’ punches, and different clock-out options such as break lunch, etc.

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15 must-read stories about mental health for HR executives

HRExecutive

The startling information comes from Paychex, which finds that 30% of employee respondents feared that discussing their mental health could lead to being fired or furloughed and that 29% thought discussing their issues could cost them a promotion. Read more here.

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How AI is already impacting the employee lifecycle

HRExecutive

According to The Conference Board, almost two-thirds (65%) of CHROs expect AI to have a positive impact on the HR function over the next two years, while a Paychex study found that 75% of HR leaders plan to use AI within the next year. AI-powered tools can also eliminate bias in recruitment by anonymizing candidate information.