Acquisition enables hiring managers, HR and HRIT teams to build
a flawless experience from offer to productivity
Phenom today announced its acquisition of Tydy, a human
resources technology company focused on delivering phenomenal
preboarding and onboarding experiences for employees – from hire to
retire. The fifth acquisition and addition to the Intelligent
Talent Experience platform portfolio fortifies Phenom’s vision to
shorten time to productivity for employees, while creating
efficient experiences for HR practitioners, all from one
platform.
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Phenom acquires Tydy, a human resources
technology company focused on delivering phenomenal preboarding and
onboarding experiences for employees – from hire to retire. The
fifth acquisition and addition to the Intelligent Talent Experience
platform portfolio fortifies Phenom’s vision to shorten time to
productivity for employees, while creating efficient experiences
for HR practitioners, all from one platform. (Photo: Business
Wire)
Now with onboarding, the Phenom platform further strengthens the
connection between the candidate and employee experience solutions
to create an end-to-end talent experience from job discovery until
the moment an employee is offboarded from an organization. This
streamlined experience solves a crucial need for talent acquisition
and talent management teams to complete necessary operational
steps, verifications and documentation leading up to an employee’s
first day — which traditionally occurs across disparate systems.
This shortens time to productivity while creating a fast,
transparent and easy experience for new hires that makes a lasting
positive impact.
Founded in 2019 and adopted by companies in more than 30
countries, Tydy connects tools, processes and people to generate
workflows that are seamless, efficient and personalized for each
user. Several of the world’s largest brands use Tydy’s Employee
Data Platform (EDP) to reduce manual effort from HR, IT and
Operations teams, easily achieve compliance through automation, and
decrease the amount of time it takes to onboard employees.
The full extent of capabilities from Tydy’s EDP will be made
available directly through Phenom’s platform, affording HR
practitioners a common user interface for their talent acquisition,
onboarding and talent management needs. The introduction of new
functionality and enhancements to the Phenom platform will support
key use cases, including:
- Preboarding and onboarding for new hires
- Compliance checks and approval orchestration
- Background checks integration
- Documentation collection, validation and submission
- Provisioning and IT asset collection triggers
- Initiation of payroll
- Offboarding
“The acquisition of Tydy and addition of preboarding and
onboarding into their Intelligent Talent Experience platform is a
natural progression for Phenom, integrating a critical part of the
talent acquisition growth and development process into one
comprehensive solution,” said David Wilson, CEO of Fosway Group.
“Consolidation is continuing to accelerate in the HR tech industry,
and this acquisition is a testament to Phenom’s continued success
and growth, as well as its focus on providing a seamless end-to-end
experience for customers.”
“Onboarding is a pivotal moment in the talent journey where
candidates become employees — and where talent leaders can set them
up for success,” said Mahe Bayireddi, CEO and co-founder of Phenom.
“It is here where first impressions are made, and each interaction
has the potential to create a lasting impact. With the addition of
Tydy, we’re poised to make this a great experience, and empower
organizations to ensure their employees are productive from the
start.”
Tydy’s team will transition to Phenom, including co-founders
Kiran Menon, Nikhil Gurjer, and Gaurabh Mathure — who began Tydy to
completely redefine how people processes work for HR.
“Since Tydy’s inception, we’ve wanted work to flow seamlessly
for everyone,” said Menon, CEO and co-founder of Tydy. “We realized
there was an opportunity to overhaul onboarding experiences and
complex HR operations for the better by combining persona-based
segmentation, integrations, automation, and intelligence into one
solution. We believe that Tydy’s technology and workflows will
become a key piece of Phenom’s holistic approach to deliver the
best hiring, growth and retention outcomes in the industry.”
The acquisition of Tydy by Phenom comes on the heels of a
massive wave of HR tech innovations that were announced at
IAMPHENOM 2024 in April. At its annual conference, the company
unveiled a Talent Experience Engine, X+ Agents, unique platform
experiences for Talent Leaders and Talent Marketers, and multiple
innovations for talent acquisition and talent management teams.
With Phenom, candidates find and choose the right job faster,
employees develop their skills and evolve, recruiters become wildly
productive, talent marketers engage with extreme efficiency, talent
leaders optimize hiring processes, managers build
stronger-performing teams, HR aligns employee development with
company goals, and HRIT easily integrates existing HR tech to
create a holistic infrastructure.
To learn more about Phenom’s acquisition of Tydy, visit our
blog.
To dive deeper into holistic onboarding experiences, register
for the webinar.
About Phenom
Phenom has a purpose of helping a billion people find the right
work. Through AI-powered talent experiences, employers use Phenom
to hire employees faster, develop them to their full potential, and
retain them longer. The Phenom Intelligent Talent Experience
platform seamlessly connects candidates, employees, recruiters,
hiring managers, HR and HRIT — empowering diverse and global
enterprises with innovative products including Phenom Career Site,
Chatbot, CMS, Talent CRM, Automated Interview Scheduling, One-Way
Interviews, Campaigns, University Recruiting, Talent Marketplace,
Workforce Intelligence, Career Pathing, Gigs, Mentoring, and
Referrals.
Headquartered in Greater Philadelphia, Phenom also has offices
in India, Israel, the Netherlands, Germany and the United
Kingdom.
For more information, please visit www.phenom.com. Connect with
Phenom on LinkedIn, Twitter, Facebook, YouTube and Instagram.
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version on businesswire.com: https://www.businesswire.com/news/home/20240702356893/en/
Media: Jennifer Lyons Phenom 267-379-5066
jennifer.lyons@phenom.com