The HR (Human Resources) landscape is undergoing a transformative shift, driven by the rapid evolution of technology. With organizations expanding their operations across the globe, the need for efficient and scalable HR solutions has become paramount. Employers now have a competitive advantage in the race to recruit and retain top personnel thanks to a new breed of HR digital businesses. HR professionals work with people, and people are what drive businesses forward. Despite this, this incredibly private, human business seems to be entirely comfortable with the digital revolution. The market for human resource solutions is always evolving. The field of HR technology is constantly advancing technologically. HR workers typically put in long hours and go unrecognised for all they accomplish in the company, but technology-based solutions are anticipated to ease some of that stress. In the coming years, technology will streamline operations, which will lead to increased employee satisfaction for firms.
According to Fortune Business Insights, the human resource technology industry was estimated at USD 22.90 billion worldwide in 2021. The market is anticipated to expand at a CAGR of 7.5% from 2022 to 2029, rising from USD 23.98 billion to USD 39.90 billion.Due to the market dynamics of working patterns’ swift development, HR teams and departments have been forced to adapt new strategies to address employee or workforce expectations. As a result, it is projected that following COVID-19, there would be a rise in demand for human resource technology solutions such as workforce management, talent management, recruiting, and payroll administration.
We have narrowed down the list of 4 HR tech startups that expand their business globally:
iXceed Solutions
iXceed Solutions is a leading Talent and Workforce Solutions service provider to Fortune 500 companies globally focussing on Technology, IT Consulting, Engineering Consulting domains. iXceed has been functioning as one of the leading end-to-end recruitment solutions Internationally(UK), now operational in the Indian market.
It uses an efficient and robust process to develop solutions in the recruitment space. The facilities are primarily tech-skill-based, and customer satisfaction is always based on the best fit for the industry. The company uses Artificial Intelligence-based recruitment solutions to create a best-in-class experience for both the clients and candidates. Some of their clients are- Infosys, HCL, Oracle, Mindtree, NIIT, etc. It is co-founded by Yogita Tulsian, who is also its Director.
Darwinbox
Darwinbox is a cloud-based HR solutions firm. An end-to-end HR platform, Darwinbox offers solutions for recruitment, core HR processes, employee engagement, performance management, employee movement, and others.The platform’s AI engine allows a recruiter to analyze a job description and employee profile picking up keywords to arrive at a certain ranking metric. So, if there are 400 applicants for a job, the system will shortlist about 10-15 applicants for the recruiter to talk to, which saves time, increases productivity, reduces costs, and results in better talent acquisition. The three-year-old firm serves over 100 clients, including Paytm, Ekart, Spencer’s, Delhivery, and others.They provide services in Indonesia, Malaysia, Thailand, Dubai, and many more.’
Freshworks
Freshworks makes it fast and easy for businesses to delight their customers and employees.Taking by a fresh approach to building and delivering software-as-a-service that’s affordable, quick to implement, and designed for the end-user. Unlike legacy software, Freshworks builds tech that works for everyone, making it easy for IT, customer service, sales, marketers and HR to do their job and delight their customers.They provide services in Australia, Germany and UK.
Betterup
BetterUp is a human transformation company that dares to innovate the future of work by helping people and businesses grow personally and professionally to reach peak performance and maximize their potential, through coaching, content, community, and cutting-edge AI technology. BetterUp is the inventor of virtual coaching and the largest mental health and coaching startup in the world, with the world’s largest network of over 3,000 Coaches offering support in 46 languages across over 90 countries.
Trusted by more than 380 organizations including NASA, Google, Snap Inc., Hilton, Warner Media, and other leading Fortune 1,000 companies. They provide their services in London, Germany, and New York .
