Fourth to Buy PeopleMatter, Hiring Manager

Fourth announced the acquisition of Snagajob’s purpose-built, applicant tracking (ATS) and onboarding solutions for hourly-waged employees—PeopleMatter and Hiring Manager — in an agreement backed by Marlin Equity Partners.

Fourth's news comes as technology is proving to be key for hotels battling labor shortages. Restaurants are increasingly leaning on tech tools -- to find, recruit and retain employees. Tech tools can help to increase job satisfaction for a more positive workplace culture, which is highly correlated to retention. Pacific Bells is among the restaurants adding daily pay as a benefit. Gusto Restaurants added a cashless tip tech for employee payouts.

The acquisition further solidifies Fourth as a provider of end-to-end workforce and operations solution for restaurant, hospitality and retail businesses spanning applicant tracking, onboarding, training, scheduling, time & attendance, performance management, advanced forecasting & analytics and payroll. The addition of critical top-of-funnel workforce identification further empowers Fourth’s customers to optimize their workforce, operate with excellence and hire and retain the best team members. 

As mobile-first solutions for hiring, training, onboarding, and performance management tools, PeopleMatter and Hiring Manager reduce the time managers spend on hiring as well as the effort required to attract and hire great talent while increasing operational efficiencies. PeopleMatter and Hiring Manager make the applicant experience frictionless, which allows managers to directly hire from the mobile app, providing access to real-time talent and seamless monitoring of compliance regulations. 

Through the acquisition, PeopleMatter and Hiring Manager employees will be retained by Fourth and all 3,500 customers with approximately 60,000 rooftops will experience no interruption in service under the new parent company.