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UKHotViews©

 

Tuesday 15 May 2018

Mercia appraises Clear Review with £0.5m funding

logoHRTech comes in many flavours, from 'full-fat' apps as provided by the usual suspect big brands, which are now being 'disrupted' by new kids on the block such as the unfortunately named Hibob; and point solutions from startups such as Peakon (employee satisfaction assessment) and StatusToday (employee productivity tracking – read 'spyware').

Adding to the point solution list comes London-based 'continuous appraisal' startup Clear Review, which has just secured a £0.5m investment from Mercia Fund Managers. Launched in 2016 by former Sony Music HR Director Stuart Hearn, Clear Review eschews the annual employee performance appraisal model in favour of a SaaS-based system for running ad-hoc performance reviews and feedback, also apparently referred to by the HR cognoscenti as 'agile performance management'. Hearn appears to have a bit of a track record in this space since his time at Sony Music. He previously co-founded the now defunct OneTouchTeam 'HR toolkit' as well as (still funct) HR consultancy plusHR.

There is clearly room in the HRtech market for high-function point solutions which go deeper than full-fat HR systems might go in their specific niches. But for me the key to success of these point solutions would be their ability to seamlessly integrate with the brand-name products. In that respect I am not sure Clear Review is quite there yet, offering 'automated data imports and exports' to popular mainstream systems rather than (as far as I can see) full API integration. But perhaps the new funding can help them towards that next step.

Posted by Anthony Miller at '07:59' - Tagged: funding   startup   hrtech  

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