ThinkHR has acquired HR That Works.
The cloud-based human resource companies both describe the move as a merger. In an official announcement, ThinkHR touts resources both offer for small and large businesses wishing to hire the best employees. But the companies say they also offer resources to improve productivity and reduce workplace conflicts. Each company says it provides its own specialty services to businesses that can’t dedicate, but need, a full-time HR person.
ThinkHR CEO Pete Yozzo said in a prepared statement that combining his company with HR That Works provides a single source for businesses in need of human resource services. He adds:
“With HRTW’s risk management expertise and legal perspective, its best-in-class platform will be an excellent complement to our existing platform and team of HR professionals and content contributors. This acquisition is another example of how ThinkHR is always looking for ways to deliver more value to our customers, creating an experience that is as simple and easy to use as it is elegant.”
In the deal, HR That Works Founder Steve Phin will join the team at ThinkHR as its vice president of Strategic Solutions. Phin started HR That Works in 2001. The purpose was to provide services to employers and insurance brokers managing human capital risks not insurable through traditional programs.
Today, the company has grown to offer a wide array of Web-based HR services to businesses. The company’s website says these include a database of HR-related videos, assistance with training of employees, employee performance and retention, leadership webinars and advice on ever-changing compliance issues.
ThinkHR say they feature live assistance that connects businesses with an HR professional who can work with them to resolve employee issues quickly. The company posts on its site that it has compiled a database of answers to common HR questions its members can access as needed. ThinkHR notes in its release:
“This strategic merger will enable ThinkHR to expand its expertise into the property and casualty market and broaden its online resource library with video content and additional valuable reference material.”