FLORHAM PARK, N.J., Dec. 12, 2019 /PRNewswire/ — Growth Street Partners today announced a minority growth equity investment in HR Acuity, the leading provider of software to manage, track, and investigate employee issues. Hundreds of the country’s leading and most forward-thinking companies, including ADP, LinkedIn, Lyft, and Save the Children, use HR Acuity to reduce risk proactively and handle workplace issues consistently and fairly while improving the employee experience. HR Acuity will use the investment to expand its leadership position in a rapidly adopting market.
HR Acuity’s SaaS solution mitigates employee-related risk through its workflow automation, investigation and case management, benchmarking, and business intelligence platform. In a recently commissioned Total Economic Impact™ Study, Forrester Consulting, part of an independent research firm, determined customers can generate over a 5x return on their investment in HR Acuity’s software in just three years based on (1) avoided/mitigated legal costs, (2) reduced employee turnover, and (3) improved team efficacy through streamlined processes.1 Since #MeToo emerged in 2017, state legislators have introduced over 200 legislative bills and 15 states have passed new legislation to strengthen employee protections from workplace harassment. The company’s solution is very effective at managing and mitigating employee relations-related risks. Through HR Acuity’s insurance carrier partnership program, customers can potentially receive a meaningful reimbursement on their employment practices liability insurance policies.