Employee Retention Technologies
Prepared by SHRMLabs in partnership with Techstars Workforce Development Accelerator
The Great Resignation coupled with the “Great Talent Shortage” have combined to make employee retention a new priority for senior executives. A Gartner survey of C-suite’s key issues in 2022- 2023 found that workforce concerns like talent retention rose significantly as a priority for the second consecutive year, ranking ahead of even financial issues like cash flow, capital funding and profitability. Gartner projects companies will need to plan for a year-over-year employee turnover rate that is 50% to 75% higher than what they’ve experienced in the past.
Additional Articles of Interest
The WorkplaceTech Accelerator assists in the scaling of early-stage workplace tech startups to solve critical workplace challenges.
Artificial Intelligence (AI) is causing a major disruption in the constantly evolving field of talent acquisition. With its remarkable ability to automate time-consuming tasks, assess skills, and actively source quality candidates, AI is revolutionizing the way HR professionals operate.
In the modern ear of data-driven decision-making, HR professionals are embracing innovative tools and technologies such as People Analytics. But what exactly is People Analytics?
In today’s rapidly changing business landscape, HR is no longer confined to administrative tasks and executing instructions from higher management. The role of HR professionals is undergoing a significant transformation, positioning them as strategic partners who provide valuable insights about an organization’s goals, priorities, and vision.
Augmented Reality and Virtual Reality technologies are becoming more accessible and are expected to have a significant impact on the future of Human Resources.
Today, SHRMLabs, a SHRM subsidiary, opened the application process for its annual WorkplaceTech Accelerator program. The accelerator program, begun in 2022, assists in the scaling and growth of startup companies focused on the workplace and the future of work technologies.
As this technology continues to evolve, it’s applications are expanding, including in the field of Human Resources.
The Better Workplaces Challenge Cup (BWCC) is SHRM’s multistage pitch competition that connects workplace tech startups to HR professionals to solve critical workplace challenges.
Rising interest rates in response to concerns around inflation have given credence to warnings from banks and economists about an impending recession.
AI is being used in various departments of the workplace, from HR to IT to sales. To understand the advantages AI can bring to the workplace, here are four HR use cases where AI can improve life and operations.
SHRMLabs, a Society for Human Resource Management (SHRM) subsidiary, announced its second annual WorkplaceTech Accelerator program cohort. The accelerator program, which began in 2022, assists in the scaling and growth of startup companies focused on the workplace and future of work technologies.
Blockchain technology has some features with a high potential to revolutionize HR.
Web 3.0 is the next generation of the internet, characterized by decentralized user-centric principles.
A DAO or Decentralized Autonomous Organization, is like a digital community that operates on a blockchain network.
Follow Jocelyn’s journey as she navigates a sudden increase in the volume of job applications
The Great Resignation coupled with the “Great Talent Shortage” have combined to make employee retention a new priority for senior executives. A Gartner survey of C-suite’s key issues in 2022- 2023 found that workforce concerns like talent retention rose significantly as a priority for the second consecutive year, ranking ahead of even financial issues like cash flow, capital funding and profitability. Gartner projects companies will need to plan for a year-over-year employee turnover rate that is 50% to 75% higher than what they’ve experienced in the past.
Vinco, an education-technology company based in Monterrey, Mexico, has won the second annual SHRMLabs Better Workplaces Challenge Cup (BWCC). The announcement was made June 14 at the SHRM Annual Conference & Expo 2022 in New Orleans. SHRMLabs is the workplace innovation hub and venture capital arm of the Society for Human Resource Management (SHRM). The competition aims to bridge the gap between companies that are creating workplace technologies and the end users of their products: HR professionals and their workforces.
Vinco, an ed-tech company providing blue collar education upskilling, won the annual SHRMLabs Better Workplaces Challenge Cup. Based in Monterrey, Nuevo Leon, MX., Vinco is an ed-tech company whose primary mission is to serve as a bridge between employers who wish to upskill, individuals who want to earn credentials, and institutions who want to drive their enrollment online. Vinco works to assist HR teams in upskilling their employees through connections at over 2,000 top educational programs.
Twenty startup companies from around the world are one step closer to winning the SHRMLabs 2nd Annual Better Workplaces Challenge Cup contest. SHRMLabs is the workplace innovation incubator and venture capital arm of the Society for Human Resource Management (SHRM). The competition aims to bridge the gap between companies that are creating workplace technologies and the end-users of those tools: HR professionals and their workforces.
Alexandria, Va.—Today, the Society for Human Resource Management (SHRM), through its SHRMLabs, announced the 2022 inaugural cohort members of its WorkplaceTech Accelerator program. The WorkplaceTech Accelerator is the world’s only HR tech accelerator program backed by a network of more than 300,000 HR and business executive members across 165 countries. The accelerator program is an inaugural eight-week virtual program that is designed to scale up early-stage, growth driven startups dedicated to elevating HR and solving today’s most pressing workplace challenges.
On January 13, 2022, nine key industry leaders and innovators gathered virtually for a round table to discuss digital solutions that enhance employees’ experience, resilience, and well-being in the workplace. The round table covered key insights, trends, and guidelines regarding how the pandemic catalyzed rapid change for employee experience and the workplace environment. Participants discussed what is working well and the gaps that need to be addressed.
The Society for Human Resource Management (SHRM) announced it has made an investment into Owl Ventures Fund V managed by Owl Ventures. With over $2 billion in assets under management, Owl Ventures is the largest venture capital firm in the world focused on the education and training technology sector.
This inaugural SHRMLabs WorkplaceTech Accelerator is the premier global Accelerator for the Future of Work.
Alexandria, Va. – Today, the Society for Human Resource Management (SHRM) through SHRMLabs, announced a partnership with Techstars’ Workforce Development Accelerator, an accelerator focused on addressing the challenges of the modern dynamic labor market through innovative technologies including voice, AI, blockchain and more.
ParagonLabs, the workplace innovation and venture capital arm of the Society for Human Resource Management (SHRM), is now SHRMLabs. Launched in 2019, the initiative was designed to elevate HR as a thought leader on the future of work and help solve organizational challenges through identifying and enabling technologies that address the needs of workers and the workplace.
Startup companies innovating to solve today’s most pressing workplace challenges can compete for the Better Workplaces Challenge Cup sponsored by ParagonLabs, the workplace innovation lab and venture capital arm of the Society for Human Resource Management (SHRM).
ALEXANDRIA, Va. —Today, SHRM (Society for Human Resource Management) announced a new vision for its workplace innovation lab and venture capital arm, SHRMLabs—a division designed to lead the development of new tech innovations that create better workplaces and solve the challenges inhibiting organizations and HR professionals from optimizing their performance
LAS VEGAS — Compt, a perk stipend software company based in Boston, won the inaugural SHRMLabs Better Workplaces Challenge Cup (BWCC).
The five startups battling it out in the inaugural SHRMLabs Better Workplaces Challenge Cup Finals will showcase their innovative workplace technology solutions live at a pitch fest. The competition will wrap up in grand style at the SHRM Annual Conference & Expo 2021 (SHRM21) Sept. 10 in front of a live audience in Las Vegas.
The five finalists were selected from 150 initial submissions and stood out among 51 regional finalists. They will go on to make their last pitch to a panel of judges, including Daymond John, award-winning entrepreneur and star of ABC’s “Shark Tank,” as well as an audience of investors, leading HR professionals, fellow innovators and the media.
The five finalists were selected from 150 initial submissions and stood out among 51 regional finalists. They will go on to make their last pitch to a panel of judges, including Daymond John, award-winning entrepreneur and star of ABC’s “Shark Tank,” as well as an audience of investors, leading HR professionals, fellow innovators and the media.
The five finalists were selected from 150 initial submissions and stood out among 51 regional finalists. They will go on to make their last pitch to a panel of judges, including Daymond John, award-winning entrepreneur and star of ABC’s “Shark Tank,” as well as an audience of investors, leading HR professionals, fellow innovators and the media.
The five finalists were selected from 150 initial submissions and stood out among 51 regional finalists. They will go on to make their last pitch to a panel of judges, including Daymond John, award-winning entrepreneur and star of ABC’s “Shark Tank,” as well as an audience of investors, leading HR professionals, fellow innovators and the media.
SHRMLabs is the workplace innovation hub and venture capital arm of the Society for Human Resource Management (SHRM). The competition aims to bridge the gap between companies that are creating workplace technologies and the end users of their products: HR professionals and their workforces.
The five finalists were selected from 150 initial submissions and stood out among 51 regional finalists. They will go on to make their last pitch to a panel of judges, including Daymond John, award-winning entrepreneur and star of ABC’s “Shark Tank,” as well as an audience of investors, leading HR professionals, fellow innovators and the media.
Maxwell, a platform for work/life balance benefits, has won the third annual SHRMLabs Better Workplaces Challenge Cup (BWCC). The announcement was made June 12 at the SHRM Annual Conference & Expo 2023 (SHRM23) in Las Vegas.
COMPT named champion for HR technology that creates a better workplaces where employers and employees thrive together.
Last week, I had the pleasure of attending a fireside chat during the HR Tech Alliances Weekly Town Hall Meetup. Featured was Compt, this year’s SHRMLabs Better Workplaces Challenge Cup Winner. Following is a recap of the event and high-level analysis of Compt.
In my post on Monday, I mentioned that my new favorite segment of content at SHRM Annual was the SHRMLabs Better Workplace Challenge Cup. Odd name that doesn’t make much sense to what the content really is. It’s a technology pitchfest. A startup competition of HR Technology companies. I’m going to assume the name came from someone who is sponsoring it, regardless, it was awesome!