The world of HR & HR technology is going through a lot of changes and one does not see any signs of that slowing down anytime soon. A look at how this domain has unfolded in the recent past.
It doesn’t take much for one to realize the trends here. The investor interest in HR tech companies has continued to accelerate and soar. In fact, with close to $14 billion invested in about 2000 HR tech companies globally,
this is one of the tech investment avenues that do not show signs of slowing down anytime soon. For last 3 years, the HR tech industry has consistently attracted $2 billion or more in investments, with US & Europe taking the majority share of investments.
The other trend that we are experiencing is of partnerships and consolidations, a trend that is likely to continue in the future as well. With many HR tech verticals like recruitment, performance management, and engagement being crowded with multiple players, the need for consolidation is high. The other factor driving this trend of consolidation and acquisition is the realization that one doesn’t need to be everything to everyone. Companies realize that while they can focus on their core strengths, they can look to collaborate with vendors in adjacent areas with a view to provide clients with an integrated solution while also ensuring they create entry barriers for niche players. In the recent past, although many niche players have emerged, they have had to integrate with the larger HR ecosystem to be effective.
Bu hikaye People Matters dergisinin December 2017 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye People Matters dergisinin December 2017 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
How Digital Transformation Can Power The Great Reset
Technology has the potential to serve as the key enabler of change between digitalising administrative tasks and fostering human connections
The Crypto Meltdown Of 2022
FTX implosion: A setback, but not the end for the crypto market
Govern Pre-IPO Unicorns to Create Value; Not Valuation
Billion-dollar startups always make the headlines. But is there true value behind those eye-catching valuations? How can proper governance be implemented for these much-hyped companies?
On change and change management
The best way to end the year, especially such a disrupted one as 2022, is by laying the groundwork for the year to come. Michelle Yong, Head of Resourcing at Shell, offers some insights on change management to bring us forward into 2023
The Great Reconnection: A paradigmatic moment for employers and employees
This year has not been a good one for employee retention. The Great Resignation, originally thought to be a US phenomenon, has emerged in Asia now. But is there a way to turn it into the Great Reconnection?
Lessons Managing in leadership: a global hybrid team
What takeaways can we draw from the pandemic? Fatima Koning, Chief Commercial Officer at IWG, shares what the last five years have taught her about managing a global sales team across 120 markets in the hybrid model
Eight HR trends that we saw throughout 2022
As companies manage their workforces in a dynamic era, HR departments have continually adapted and adjusted, and never more than this year as digital acceleration and workplace evolutions came together
One way to turn the tide of employee retention
There's a surprising link between skill development opportunities and job satisfaction. Here are some ways of boosting skilling and thereby talent retention
A key focus for L&D going into 2023 should be business alignment
Venkat Subramaniam of Degreed believes that learning is core to business success and organisations need to invest in the right processes and technologies to adapt to continuous change
WOMEN IN LEADERSHIP CAN BE GAME GHANGER FOR INCLUSIVE FUTURE OF WORK
BREAKING FREE FROM THE STEREOTYPES IN THE INSURANCE SECTOR, PAMELA THOMSON-HALL SHARES HER JOURNEY OF BEING A CHAMPION FOR WOMEN AND BRINGING ABOUT A CHANGE IN A MALE-DOMINATED INDUSTRY
