IVCA Preview: Joanna Arras, Principal at Baird Capital, on July 17th IVCA Luncheon ‘Investing in HR Tech Today’

IVCA Preview: Joanna Arras, Principal at Baird Capital, on July 17th IVCA Luncheon ‘Investing in HR Tech Today’

July 10, 2019

The capital of Human Resources (HR) is people, historically one of the most unpredictable elements of any business. Like so many aspects of our lives, technology is changing the science of HR, and the IVCA’s next Education Luncheon will articulate the topic with “Investing in HR Tech Today,” which will take place on July 17th, 2019 (click the link below for further details). The moderator for this event will be Joanna Arras, the Principal at Baird Capital. The panel will Include ...

  • Chloe Rada, Director of Talent Administration, Technology & Branding for Sodexo USA
  • Adam Robinson, Co-Founder & CEO of Hireology
  • Jason Weingarten, Co-Founder & CEO of Yello

The IVCA reached out to Moderator Joanna Arras to get a preview of the upcoming luncheon and a perspective on the tech evolution of HR.

IVCA: How has Human Resources Technology become a front burner topic, especially for investment, and what pertinent information will you be discussing on the July 17th Luncheon 'Investing in HR Tech Today'?

Joanna Arras: A focus on hiring and retention are front of mind, as the unemployment rate has continued to trend down, leading to reduced supply of talented workers. But we know this trend line can’t last forever, so investors are starting to exercise caution about investing in a cyclical industry. People on all sides of the table are asking ‘where are we in the cycle, and where should we prioritize investments?’

IVCA: What will the distinguished panel you will be moderating contribute to the conversation?

Arras: Our panelists are fantastic and bring distinct perspectives to the conversation – we have a company that sells into the enterprise, a company that sells into the SMB space, and a corporate purchaser of technology. The goal is to let these fabulous panelists share what they see in the market today, and what they anticipate the market will do over the next few quarters.

IVCA: What is important for the human side of Human Resources in association with new technology for HR?

Arras: Ultimately it is people that are being managed, so technology can help drive efficiency and productivity, but the human element will never be completely replaced.

IVCA: In the online preview, mature companies are mentioned as customers for this tech. How can the change for these companies provide evolution for their employee relations today?

Arras: Whether it’s a company of ‘one’ or ‘one thousand,’ HR Tech is used in some way. Payroll, time tracking, performance assessments, hiring – those activities are consistent across company sizes but require different technology and different product features, depending on company size and budgets. Regardless of company size, employee engagement should be a top priority.

IVCA: Finally, what do you want the attendees of the luncheon to primarily take away from this presentation?

Arras: The presentation will provide insight into how an enterprise buys HR tech and how they think about budgets ... especially as we try to anticipate the macroeconomic environment, and what Venture Capital and Private Equity-backed HR Tech companies see in fundraising and operating environments.

The next IVCA Education Luncheon, “Investing in HR Tech Today,” will take place on Wednesday, July 17th, 2019. For more details and to sign up, click here.