– Chair of IoD joins people management starup hibob
– CV includes running Pension Protection Fund and UK Atomic Energy Authority
– hibob to benefit from Lady Barbara’s unrivalled knowledge of pension sector
In a case of Old Street benefiting from Wall Street expertise, people management startup has signed up one of the UK’s most respected business leaders as its new chair – Lady Barbara Judge CBE.
As the current Chair of the Institute of Directors (the first woman in the role), Lady Barbara brings unrivalled experience to hibob, which help SMEs manage a range of HR related issues – and particularly auto enrolment.
Lady Barbara recently stepped down as Chairman of the Pension Protection Fund (PPF) where she helped put in place much-needed infrastructure to protect and reassure millions of workers and pensioners in the UK.
Along with her current role at the IoD, Lady Barbara is also a UK Business Ambassador on behalf of UK Trade and Investment. Other career highlights have included chairing the UK Atomic Energy Authority – as well as being the youngest ever commissioner of the US Securities and Exchange Commission.
The news of her appointment comes a month after hibob completed a $7.5m seed round, one of the largest the country has seen.
The startup has set out to serve the large number of SMEs in Britain – 99% of UK private businesses are small or medium sized, but there are few tools available to help them efficiently manage their staff in an integrated way, whether that relates to compliance, benefits, retention or pensions.
The hibob platform addresses all of these areas in a one-stop, cloud-based platform.
“Small and medium sized businesses are the backbone of our economy,” said Lady Judge. “Yet the daily pressure they face to remain compliant and retain their staff is huge. hibob is spearheading some much needed innovation to help companies grapple with this.”
Lady Judge has a long and distinguished history of supporting UK businesses.
One of her key roles as Chairman of hibob will be to take her in-depth understanding of the pension sector and apply it to the platform in helping the millions of businesses who need to Auto Enrol.
Lady Judge says; “I was delighted to meet the founders of hibob as my tenure at the PPF was coming to a close. We quickly realised we shared the same passion for helping small businesses in general but also more specifically to help them deliver Auto Enrolment in a way that is efficient and engaging. Something that businesses and particularly young people are struggling with.”
Ronni Zehavi, co-founder and CEO of hibob, says: “Lady Barbara’s track-record in supporting British SMEs and the pension industry is second to none. She has the perfect blend of top down policy thinking on Pensions but also a critical bottom up understanding of British Business, she will be a huge asset to us as we grow our Pension and Benefit offering.”
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Notes to Editors
hibob is the new people management platform that sorts all the people stuff for smart modern businesses who love their staff. It solves a range of HR issues including benefits, pensions, auto-enrolment and culture in a totally secure, smart, easy to use and beautiful cloud based HR & benefits platform.
The platform will save businesses up to 36 days each year on day-to-day tasks, driving staff retention through greater engagement and helping the millions of businesses that need to auto-enrol their staff into a pension by April 2017 (an issue affecting over a million SMEs and micro businesses over the next two years).
hibob will help cut employee churn – a problem that costs an SME £30,000 / employee. It will make better use of the £95bn / year UK businesses are already spending on employee benefits, gathering intelligence housed in the system – interests, marital status etc.
hibob launched in June 2016 after receiving $7.5m in one of the largest seed rounds ever seen in the UK. The investment round was led by Silicon Valley based Bessemer Venture Partners and joined by LocalGlobe, as well as several angel investors well-known in the startup community.
In the US, investment in HR is big business – last year a total of $2.4bn was invested.