Workday Inc., a provider of cloud-based finance and human resource applications, has announced an agreement to acquire HiredScore, an AI-powered talent acquisition specialist. This acquisition, expected to close by April 30, 2024, aims to bolster Workday’s talent management offerings through the integration of HiredScore’s AI-driven solutions.
By merging their services, the companies aim to create a comprehensive suite of tools for talent acquisition and internal mobility, catering to organisations globally. Both Workday and HiredScore emphasise the importance of responsible AI, ensuring human oversight remains central to their technology.
“Unlocking the full potential of talent requires innovative solutions,” remarked Carl Eschenbach, CEO, Workday, acknowledging how HiredScore’s technology complements their existing product portfolio. Athena Karp,
HiredScore’s founder and CEO, echoed similar sentiments, expressing excitement about the merger’s potential to advance the use of AI in the workforce.
This collaboration comes amidst a rapidly evolving labour market, with predictions suggesting up to a quarter of jobs may be transformed within the next five years. The combined solutions aim to utilise responsible AI to address these challenges, streamlining hiring processes, improving talent lifecycle management, and enhancing the experience for both recruiters and hiring managers.
Workday, serving over 10,000 organisations, including a significant portion of the Fortune 500, seeks to solidify its position in the enterprise platform space through this acquisition. HiredScore, with its global reach (150 countries) and multilingual capabilities (70 languages), brings expertise in recruitment productivity, internal mobility, and comprehensive talent management strategies to the partnership. This strategic move strengthens Workday’s position in the talent management landscape, equipping them to navigate the complexities of a rapidly changing job market through the power of AI.
