The employee engagement world continued to shake up last week — this time across the pond. London-based WorkAngel and global HCM player Ceridian completed a joint venture agreement to create LifeWorks, a mobile employee engagement platform.
So, how do we at The Starr Conspiracy feel about the LifeWorks team-up? Here’s a definitive ranking of our feelings. Knives out!
- This move is beneficial for both companies. Ceridian is an HCM giant with a lot of name recognition, but it has gone through major administrative changes and layoffs within the past year. WorkAngel is a smaller player, but it’s making waves thanks to CEO and tech entrepreneur Jamie True, who sold Grapple for $50 million less than three years ago. This joint venture is just the kick Ceridian needed in employee engagement, and WorkAngel gets to capitalize fast.
- It was smart to test the waters first. Ceridian U.K. and WorkAngel have been working together since as early as June of last year, and they announced a partnership back in October. The gradual rollout gave them time to work out any bugs the two companies might have — technical or otherwise.
- We’re going to see more of this. This joint venture is part of an ongoing trend we’re seeing (and will continue to see) throughout the year in what we’re calling HCM 2.0. The HCM landscape is quickly changing, and we’ll see more of these mergers, acquisitions, and joint ventures as 2016 continues full-steam ahead.
What do you think? Did we miss anything? Did we nail it? Let us know in the comments.
Read more about the joint venture here.