SAN FRANCISCO, April 03, 2023 (GLOBE NEWSWIRE) -- Confirm , the first platform to inject the science of Organizational Network Analysis (ONA) into performance reviews to ensure talent decisions are based on data, announced today that it has been accepted into the Second Annual SHRMLabs WorkplaceTech Accelerator Program, which supports the most promising startups elevating HR and solving present-day challenges and gaps in the workplace. SHRMLabs , a Society for Human Resource Management (SHRM) subsidiary, launched its 12-week accelerator program in 2022 to assist in the scaling and growth of startup companies focused on the workplace and future of work technologies.Confirm is one of just five companies accepted into the cohort, from hundreds of applications.Confirm's Organizational Network Analysis (ONA) approach mirrors how work is done today - in networks vs. strict, top-down hierarchies. With Confirm, all employees can recognize who at their company they turn to for advice and help, and who energizes them, so analysis can spot correlations and trends and identify true top performers. The company's ONA-based reviews create a fairer playing field by expanding leaders' visibility of an employee's impact and ensuring performance decisions are based on larger sets of data rather than only the opinions of a single manager. The fast-growing startup has already landed many high-profile customers."We're very excited to work with Confirm and all our latest WorkplaceTech Accelerator startups," said Guillermo Correa, managing director of SHRMLabs

NEW YORK (AP) — It was called Silicon Valley Bank, but its collapse is causing shockwaves around the world.From winemakers in California to startups across the Atlantic Ocean, companies are scrambling to figure out how to manage their finances after their bank suddenly shut down Friday. The meltdown means distress not only for businesses but also for all their workers whose paychecks may get tied up in the chaos.California Gov. Gavin Newsom said Saturday that he's talking with the White House to help "stabilize the situation as quickly as possible, to protect jobs, people's livelihoods, and the entire innovation ecosystem that has served as a tent pole for our economy.”U.S. customers with less than $250,000 in the bank can count on insurance provided by the Federal Deposit Insurance Corp. Regulators are trying to find a buyer for the bank in hopes customers with more than that can be made whole.That includes customers like Circle, a big player in the cryptocurrency industry. It said it has about $3.3 billion of the roughly $40 billion in reserves for its USDC coin at SVB

Confirm HR has filed a notice of an exempt offering of securities to raise $8,000,000.00 in New Equity Investment. Confirm HR has filed a notice of an exempt offering of securities to raise $8,000,000.00 in New Equity Investment.According to filings with the U.S. Securities and Exchange Commission, Confirm HR is raising $8,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Joshua Merrill played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.About Confirm HRConfirm is a venture-backed, all-in-one people platform fixing what’s broken with performance reviews. Grounded in the science of Organizational Network Analysis (ONA), Confirm empowers leaders with a true view of each employee’s influence, impact, and actual contribution. All with less time and effort