
Paddle HR
Paddle HR helps large enterprises match current employees with new jobs within the company, saving them millions in recruiting costs.
Date | Investors | Amount | Round |
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- | investor investor | €0.0 | round |
N/A | €0.0 | round | |
N/A | €0.0 | round | |
investor | €0.0 | round | |
N/A | Convertible | ||
Total Funding | 000k |
Paddle HR operated as a specialized SaaS company focused on internal talent mobility and career pathing for large organizations. Founded in 2016 in Toronto, Canada, by Matthew Thomas, Sid Bhargava, and Patrick Whelan, the firm aimed to address employee retention by facilitating internal career growth. The company's platform leveraged artificial intelligence and a massive dataset of career histories to map potential career trajectories within a client's organization. It analyzed internal HR data to connect employees with suitable open roles, projects, and development opportunities, thereby helping organizations retain talent and reduce hiring costs.
The core of Paddle HR's offering was its AI-powered platform designed to serve multiple stakeholders within a company. For employees, it provided visibility into potential career paths and relevant opportunities for advancement. For managers, the tool offered resources to better coach their team members on career development. For HR departments, the platform supplied analytics and recommendations to understand and improve internal career mobility. This was positioned as a critical strategy for enhancing the employee experience and retaining valuable staff. The business operated on a SaaS model, providing its talent mobility platform to a range of businesses from SMBs to large enterprises. After a few years of operation and a couple of seed funding rounds, Paddle HR was acquired by Cornerstone OnDemand on March 21, 2022, integrating its technology into Cornerstone's broader suite of talent management solutions.
Keywords: internal mobility, career pathing, talent management, employee retention, HR technology, AI in HR, career development, talent acquisition, human capital services, workforce agility, employee engagement, skills intelligence, succession planning, HR analytics, people analytics, employee experience, internal recruiting, talent marketplace, future of work, upskilling