What are the challenges being faced by startups in the HR tech space in India when it comes to adoption and expectations? What is the state of HR Tech going to be this year? Read on to find out.
Startups in the HR tech space in the year 2018 shared a unanimous sentiment — it was a good year. From the degree of HR tech adoption to the amount of funds that were allocated for HR tech, the startup space saw and is increasingly experiencing accelerated acceptance in the business ecosystem. Wherein the first quarter of 2018, Degreed, a global platform for discovery, learning & certification of skills, made news by raising $42 mn in a funding round; back home, in the second quarter, Indian corporate social responsibility and sustainability management technology platform, Goodera raised around $12 mn. Following suit was the employee-focused HR tech app Hush that raised multiple funding rounds in the year, termed as major thumbs-up for employee engagement apps. The space also saw significant consolidations taking place. Globally, US-based job review and job hunting website Glassdoor was acquired by a Japanese human-resources and consumer-information provider, Recruit Holdings Co. Similarly, global consulting firm Mercer acquired India based HR tech startup Mettl.
A good year for Indian HR Tech – More awareness, more funds
Over the year, we have talked to a number of startups in the HR Tech space such as game-based learning platform Quodeck, employee engagement startup Hush, sustainable credit provider SalaryFits, engagement startup ZoomLearn, HRMS provider Zimyo, recruitment startups Hyreo, MeraHunar, and HireXP, talent discovery platform Vyre, on-demand video platform Monjin, Zeta which digitizes employee benefits, HR talent marketplace Noble House, among others — A majority of the startups agree that globally as well as in India, there has been a huge spike in interest and fund-flow into the HR tech space. Most of them agree that there has been a marked increase in technology-enabled employee engagement tools amongst the HR community and companies.
In addition, major acquisitions in India and globally point towards interest as well as consolidation in the space. For instance, from Recruit’s $1.2 bn acquisition of Glassdoor to Mercer’s $40.5 mn acquisition of Mettl in the Indian subcontinent, HR tech is now drawing the long due attention it deserved. Incidentally, Mettl’s acquisition is not only one of the biggest HR tech acquisitions from the country but also one of the biggest SaaS acquisitions too, that has drawn international investors’ attention to Indian SaaS startups.
Aye for adoption, aye for technology
Continue reading your story on the app
Continue reading your story in the magazine
The future of trade unions
Traditional trade unions seem unable to play the vital and beneficent roles they once did. What brought about this decline and how can they be reinvented in a totally different form?
The dark side of the moon: Negative leadership behaviors to avoid
Just as there are many positive leadership qualities that make leaders great, there are many negative behaviors that drag a leader down. Leaders need to know these patterns and avoid them for the good of their followers and themselves
SHIFTING PARADIGMS in PERFORMANCE MANAGEMENT
THE WORLD OF WORK HAS CHANGED, SO MUST THE WAY WE MANAGE EMPLOYEE PERFORMANCE AND MEASURE RESULTS
The future will be all about flexibility and balance: VMware's Duncan Hewett
In conversation with People Matters, Duncan Hewett, Senior Vice President and General Manager, Asia Pacific, and Japan, VMware, dives into how remote working is addressing sustainability and diversity issues, the rising expectation from employers to provide access to digital tools, and the biggest opportunity presented by 2020
The new approach to performance management
Organizations serious about high performance must rethink the way they measure performance in a post-pandemic world
Technology is simple, but culture is hard: Dr. Jeffrey Sanchez-Burks
In a Special Interview with People Matters, Dr. Jeffrey Sanchez-Burks, Behavioral Scientist and Professor of Management and Organizations at the Stephen M. Ross School of Business at the University of Michigan shares that now, more than ever, there is a need to nurture an organizational culture remotely
REMOTE WORK WILL CONTINUE BUT NOT EVENLY: COMCAST CABLE'S EVP HR, WILLIAM J.T. STRAHAN
IN AN EXCLUSIVE INTERACTION WITH PEOPLE MATTERS, WILLIAM J.T. STRAHAN, EXECUTIVE VICE PRESIDENT, HUMAN RESOURCES, COMCAST CABLE, SHARES SOME INSIGHTS ON TRENDS THAT WILL HAVE SIGNIFICANT IMPACTS ON BUSINESSES GLOBALLY, WHAT THE FUTURE OF REMOTE WORK WOULD ENTAIL, AND HOW ORGANIZATIONS ARE SHIFTING THE NEEDLE ON PRODUCTIVITY MANAGEMENT AND PERFORMANCE ASSESSMENT AMID THIS UNCERTAINTY
Focus on organizational goal achievement versus goal measurement: Akanksha Sane, PTC Software
People are now being valued for their skills and contribution and not for their place in the hierarchy. The COVID situation has been a great equalizer in many ways, believes Akanksha Sane, Senior Director- India HR Delivery at PTC Software
Learning (And Unlearning) From COVID-19
The pandemic forced us to reevaluate our ways of working paving way for unlearning the rudimentary and relearning ways to function and survive in the new normal
Is ‘Empathy' The HR Director's New Secret Sauce?
Empathetic engagement at work has become table stakes for the millennial-driven workforce in the year that has passed, and employee engagement is no longer a nice to have but a prerequisite for operational success in 2021
$1,400 STIMULUS CHECKS HELPED MARCH RETAIL SALES SOAR 9.8%
Newly vaccinated and armed with $1,400 stimulus checks, Americans went on a spending spree last month, buying new clothes and going out to eat again.
BIG-BUSINESS PUSHBACK AGAINST VOTING MEASURES GAINS MOMENTUM
Big business has ratcheted up its objections to proposals that would make it harder to vote, with several hundred companies and executives signing a new statement opposing “any discriminatory legislation.”
THE DISABLED HOPE THEIR OSCAR MOMENT CAN BECOME A MOVEMENT
Right down to its production design, the Oscars have not always felt like the most welcoming place for the disabled.
A $1.2 BILLION LOSS FOR DELTA, BUT RECOVERY IS ON THE RADAR
Delta Air Lines lost $1.2 billion in the first quarter, more than expected, but executives said Thursday that the airline could be profitable by late summer if the budding recovery in air travel continues.
USERS COULD SOON HIDE ‘LIKE' COUNTS ON INSTAGRAM, FACEBOOK
The tiny red hearts that appear under Instagram photos of kids, kittens and sandwiches can be a source of stress for many users, an insidious way of measuring self-worth and popularity.
DRIVERS WANTED: RECORD DEMAND AT UBER AS VACCINATIONS RISE
Uber is offering sign-up bonuses and other incentives for drivers as it faces record demand for rides and meal delivery.
US RECOMMENDS ‘PAUSE' FOR J&J SHOTS IN BLOW TO VACCINE DRIVE
The U.S. recommended a “pause” in use of the single-dose Johnson & Johnson COVID-19 vaccine to investigate reports of rare but potentially dangerous blood clots, setting off a chain reaction worldwide and dealing a setback to the global vaccination campaign.
COINBASE SOARS IN MARKET DEBUT, VALUED NEAR $86 BILLION
Coinbase made a rousing debut on Wall Street Wednesday, with shares of the digital currency exchange rising as high as $429, briefly giving it a market value over $100 billion.
GOOGLE EARTH ADDS TIME LAPSE VIDEO TO DEPICT CLIMATE CHANGE
The Google Earth app is adding a new video feature that draws upon nearly four decades of satellite imagery to vividly illustrate how climate change has affected glaciers, beaches, forests and other places around the world.
The Food Fight in Fake Meat
Beyond Meat was an early leader. But rival Impossible Foods and others want to eat its lunch