Companies are investing in modern technologies to enable flexible processes that allow their HR teams to attract, engage, and retain top talent. Disruptive technologies like the cloud, AI, and machine learning have made considerable strides in the HR space by providing HR professionals with predictive analysis to maintain talent relationships in an end-to-end manner, from candidate selection to onboarding through training and in-house career development. Modern HR decision makers thrive on digitalized, data-driven processes and use various platforms, such as cloud-based human resources management system (HRMS), employee experience system and recruitment management system, to collaborate with the stakeholders and take the best foot forward. With HRMS, HR can design programmes to enhance employee motivation and workplace morale across multiple geographies.
Furthermore, technology has taken the heavy burden of administration off the HR staffs’ shoulders and allowed them to focus on more strategic work. The HR departments can focus on implementing predictive analytics to glean meaningful insights on talent management. Besides, cloud technologies aid HRs in not only simplifying tedious tasks but also in staying compliant with the ever-changing rules and regulations. What’s more, analytical tools help them get a clearer view of the discrepancies in employee compensation and engagement and take necessary steps to nip the problems in the bud. In the near future, technologies will further streamline HR processes as blockchain integration can help HR managers achieve standardization and trust with tamper-proof ledgers.
With the HR expanse standing at the cusp of technology transformation, a wide array of solution providers are entering the market with their unique HR technologies. To help companies choose the solution partner best suited for them, HR tech Outlook has compiled a list of top 10 HR tech startups. These companies are transforming the HR landscape with various disruptive technologies and best-in-class services.
We bring you HR Tech Outlook’s “Top 10 HR Tech Startups - 2020.”