10 Most Promising HR Technology Solutions Providers - 2022

Human Resource (HR) Technology Solutions is used to automate routine operations, secure data storage and analytical management of reports for superior decision making. This technology helps to optimize the recruitment process & related tasks and enhances the overall efficiency of HR department. Today, large organizations handling large number of recruitments who need to satisfy various credentials, are widely depending on HR technology solutions to improve the recruiting efficiency and streamline multiple processes while reducing the administrative burden and minimizing the compliance & administrative costs.

The rapid industrialisation and increasing number of corporate organisations are driving the HR Technology market in India. A growing demand is also witnessed for HR Tools which train employees in improving productivity and learning & engagement of employees. This has added flexibility and competitive edge over other solutions.

The global human resource technology market is projected to grow from $24.04 billion in 2021 to $35.68 billion in 2028 at a CAGR of 5.8 percent during the forecast period. With the rapidly changing business dynamics and business model, HR teams are also adopting new ways to respond to the needs of workforce. HR Technology is integrating intelligent algorithms based on Artificial Intelligence, Machine Learning and social sensing tools with recruitment software to make it more effective.

HR departments of various companies are shifting to more advanced reporting and analysis dashboards to study sales productivity, employee retention problems and other issues that directly affect the productivity. However, the SMEs will find it difficult to invest in advanced technologies due to low budgets; this is one factor restraining the wide growth of the market.

CIOReviewIndia in this issue presents a list of `Top 10 HR Technology Solution Providers - 2022' who have brought innovative solutions in the HR Management space. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and our editorial board. We recognize their valuable contribution to the ever expanding & competitive market and their ability to sustain themselves and emerge as top contestants through their reliable services.

We present to you CIOTechOutlook 10 Most Promising HR Technology Solutions Providers - 2022.