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CHARLESTON, S.C. -- PeopleMatter, a talent management software company, added a third module to its lineup. Schedule joined Hire and Learn at an official launch party Tuesday.
The latest piece of the talent management puzzle pushes aside paper and pencil, and takes the scheduling process of hourly workers mobile. The Schedule module introduction comes on the heels of the new PeopleMatter application (app), available free for iPhone and Android smartphones.
With Schedule, new employees are automatically added to a business' employee schedule, and the module reflects any change in employee pay rate and integrates with the system's Learn module to see if an employee has completed training to work a particular shift, said Kay Lucas, vice president of product management at PeopleMatter.
According to Nate DaPore, president and CEO, there are four basic components to the latest module: forecast, build, share and control.
The forecast component is "really the secret sauce" of Schedule, he said. The module imports customer count and sales data to help a manager decide how to staff a store during a particular shift, "translating demand into employee counts," DaPore explained.
With the build component, managers can either build a schedule from scratch; use a smart schedule, which takes certain rules and regulations into account to build a shift lineup ; or use smart copy, which replicates the schedule from a similar previous time period.
The share component allows employees to access the schedule through a smartphone. Using the PeopleMatter app, employees can ask other employees to cover a shift, swap shifts and ask for time off. Employees can also receive management notifications through the app, DaPore said.
The final component, control, integrates the schedule with time and attendance records; monitors and corrects staffing issues, such as overstaffing or understaffing; and helps managers understand how they are performing against their budgets.
PeopleMatter was founded in 2010 to bring a talent management system to industries with hourly workers -- specifically targeting four markets: convenience stores, restaurants, retail and hospitality. The introduction of Schedule comes less than two years after PeopleMatter launched Hire, its first module that brings the entire application and hiring process online. Hire was followed up by Learn, a module that brings employee training online.
A fourth module, Engage, will round out the first generation of PeopleMatter -- also known as G1 -- and is on target to launch in late 2012 or early 2013.
PeopleMatter will begin work on its second generation (G2) in the third quarter of this year, and the third generation (G3) in the first quarter of 2013. G2 will focus on the employee; G3 will focus on customers, according to company executives.
On Monday, the company announced that it's received a $14-million Series C round of venture funding led by Morgenthaler Ventures. This financing will continue to accelerate PeopleMatter's product-innovation and customer-acquisition strategies. Existing investors Noro-Moseley Partners, C&B Capital, Intersouth Partners and Harbert Ventures also participated in this round of funding.
"This is much more than a talent management play," DaPore said. "This is a system to tie the employer, the employee and the customer."