In a move aimed at transforming the human resources landscape for small and midsize businesses, Workday, Inc. (NASDAQ: NASDAQ:WDAY) and Insperity, Inc. (NYSE: NYSE:NSP) have announced an exclusive strategic partnership. The collaboration will focus on the development and marketing of a comprehensive HR solution by leveraging Workday’s technology and Insperity’s HR services.
The partnership’s goal is to provide customers with a full-service HR solution that integrates Insperity’s Workforce Optimization service and Workday Human Capital Management (HCM). This offering is designed to manage the entire employee lifecycle and improve talent management, payroll, benefits, and compliance processes through a unified cloud-based system.
Paul J. Sarvadi, CEO of Insperity, underscored the significance of the alliance, stating that it combines Workday’s cloud technology with Insperity’s HR expertise to deliver a superior client experience. Carl Eschenbach, CEO of Workday, echoed this sentiment, emphasizing the partnership’s potential to extend Workday’s platform to more companies, especially those in earlier stages of growth.
The new solution is expected to make HR services more accessible, cost-effective, and agile for growing businesses, enabling them to gain a competitive edge in today’s dynamic market.
While the companies have provided a glimpse into their collaborative vision, details regarding pricing and availability of the new HR solution will be disclosed in the upcoming months.
The announcement represents a strategic endeavor by both Workday, known for its enterprise cloud applications, and Insperity, recognized for its comprehensive HR solutions and services, to create a product that specifically addresses the needs of small and midsize businesses.
This news is based on a press release statement, and readers are advised to consider the forward-looking nature of the announcements with caution, as actual results may differ due to a variety of factors.
