Equifax Inc. (NYSE: EFX) has inked a final accord to purchase Efficient Hire. Efficient Hire has earned a reputation as a provider of cloud recruiting, onboarding, and HR management solutions. Equifax’s aim to reinvest its 2021 outperformance in bolt-on purchases that better position Equifax for broad development is demonstrated by the Efficient Hire acquisition.
Efficient Hire provides a range of products designed specifically for hourly employers, with a focus on aiding businesses in the restaurant, staffing, building services, senior care, and hospitality industries scale their workforces speedily. HR management solutions for I-9/E-Verify, the Work Opportunity Tax Credit (WOTC), and the Affordable Care Act are among its services (ACA).
Furthermore, as a result of this purchase of Efficient Hire, Equifax Workforce Solutions will be able to provide companies with new services and insights to assist them to manage in a fast-changing hiring and employment market. Moreover, Efficient Hire will optimize EFX robust suite of employer services and strengthen its largest and fastest-growing business “Workforce Solutions”.
Additionally, Equifax also intends to fully utilize the Equifax Cloud to quickly combine Efficient Hire's solutions into the Equifax portfolio. It will assist the company in bringing innovation and providing customers with unique access to more capabilities, product suites, and services. EFX believed that the acquisition of Efficient Hire further highlights its allegiance to assisting employers to attract and keep the talent they need to help expand their businesses.