Knoetic lands $36M to unify diverse sources of HR data

Knoetic lands $36M to unify diverse sources of HR data

2 years ago
Anonymous $CIOZ56dzxX

https://techcrunch.com/2022/09/21/knoetic-lands-36m-to-unify-diverse-sources-of-hr-data/

In the last decade, so-called chief people officers (CPO) have seen a dramatic expansion of their day-to-day responsibilities. The role has evolved from an administrative HR function to a more strategic position, particularly as the pandemic has shined a spotlight on the importance of retention, upskilling and recruiting during a crisis. But despite the increased interest — the CPO is the third-fastest growing C-level position, according to LinkedIn — CPOs are often behind sales, marketing and customer execs in terms of their approaches to analyzing data.

Aiming to affect change, entrepreneur Joseph Quan founded Knoetic, a platform designed to provide insights on metrics like attrition, diversity and headcount growth. Knoetic integrates with HR systems to allow CPOs to run analyses and automatically generate reports, and it also delivers recommendations like how to improve employee retention if the platform identifies an issue with turnover.