HR Tech (Human Resources Technology) is an umbrella term for software and associated computer systems for automated human resource organisations. It includes employee compensation and compensation, talent acquisition and management, staff statistics, performance management, and profit management. Let’s look at 20 prominent HR Tech companies that have become crucial for corporates and startups today.
1. Keka
Keka, a cloud-based employee experience platform, integrates HR, payroll, ATS, and performance management into a single platform. It streamlines typical operations and helps businesses handle human resources processes more efficiently. Users may get information on the move via iOS and Android applications.
2. ZOHO
Another HR Tech major, Zoho Payroll, makes it simple to conduct payroll and pay employees on time. In detail, distribute accurate gross-to-net pay stubs that include wages, taxes, allowances, and deductions.
3. ADP
ADP is moving into the human capital management industry with cloud-based services that incorporate HR, tax, payroll, and benefits administration, as well as for analytics, outsourcing, and compliance expertise. Employers benefit from process automation and expected applications based on the service provider’s 600,000 user base using benchmarks and trend research. Smartphones may access the applications, which have a user interface with many social networking features.
4. Belong
The HR Tech startup founded in 2014 by Vijay Sharma, a BITS Pilani alumni, Belong is a predictive hiring tool that finds and engages top talent using data science and modelling. They are considered one of India’s leading HR technology companies.
Cisco, Reliance Jio, Amazon, and ThoughtWorks cooperate with Belong. Belong’s Ml algorithms help employers locate and target high-fit people, engage prospects with personalised interactions, and shorten recruiting timelines at scale. In 2019, the firm raised $10 million.
5. Beamery
Beamery was founded in 2014 to develop a talent management system that allows organisations to treat applicants like customers. The CRM hiring technique used by Beamery will help firms attract, engage, and retain people. This strategy is built on technical advancements such as data mining, predictive marketing, and AI. Consequently, Beamery is well-positioned to transform how organisations handle personnel management and guarantee that people are at the heart of their operations.
6. Joonko
Popular movements like #MeToo and Black Lives Matter have made it difficult for recruiters to establish a diverse staff. The role of diversity in improving business performance is also a heated issue of debate. Joonko makes achieving diversity, equality, and inclusion goals easier for business leaders.
Joonko’s AI-powered platform allows employers to connect with these experts. Junko algorithm is utilised when HR actively seeks candidates and eventually employs someone else since the programme merely interacts with the recruiter’s Applicant Tracking System (ATS). Assign the title of “silver medalist” to the participant.
7. Allsynx
Chris Wood is the company’s COO and President. Allsynx is an HR Tech startup that claims to lead the credit distribution system reform in a futuristic fashion. Through a proactive strategy established to rethink human resource management, the firm wants to build a platform that matches the demands of its clients.
8. Deloitte & Touche LLP
Deloitte is the largest accounting and consulting organisation on the planet. The company’s human capital practice created ConnectMe, an all-in-one HCM platform that automates and facilitates digital HR service delivery through a mobile version.
ConnectMe is a Salesforce-based quality management dashboard that runs in the background of an organisation’s existing infrastructure. Employees receive simple access to their personnel data and benefits accounts, as well as a range of self-help tools, as a result of this. HR professionals may also use employee service contracts to personalise performance measures and access a variety of analytics tools.
9. Darwinbox
The HR Tech firm was started in 2015 by Jayant Paleti, Chaitanya Peddi, and Rohit Chennamaneni. Darwinbox is a provider of cloud-based human resource management software. Darwinbox is an end-to-end HR platform that contains, among other things, tools for recruitment, basic HR processes, job participation, performance evaluation, and staff relocation.
10. Workshape.io
Workshape.io is a talent matching tool for software companies. Professionals may use them to construct a Workshape profile, an illustrated version of a typical résumé. Employers may use Workshare to locate matching skills based on specific criteria, and employees can make rational decisions. This one-of-a-kind recruiting technology transforms the standard hiring process, making it more customised.
11. BambooHR
BambooHR software’s purpose is to improve the lives of its consumers by providing workforce management solutions. Ben Peterson and Ryan Sanders, the company’s founders, didn’t set out to generate money. Instead, they sought to create a solution that would benefit their clients’ job lives, as well as their personal lives.
12. Zenefits
Zenefits, which was created in 2013, recognises that small and mid-sized businesses face disproportionately huge challenges. Its objective is to level the playing field. Zenefits was one of the fastest-growing software technology (HR Tech) firms globally in 2014. They went from 15 to over 470 employees in only one year. Venture finance firms Andreessen Horowitz, Maverick, and Venrock also contributed $15 million.
More than 10,000 firms and 400,000 employees use Zenefits software today. Zenefits provides the entire HR management solution as one of the fastest-growing and most promising HR technology firms.
13. Gusto
ZenPayroll was founded in 2012 and eventually renamed Gusto. They now service over 200 thousand businesses across the United States. Every year, Gusto HR software handles tens of billions of dollars in payroll, not to mention all of the additional Gusto support functions.
Gusto’s purpose is guided by its principles, which include a customer-focused approach, a company owner perspective, and growing with humility.
14. Namely
Unlike BambooHR, Zenefits, and Gusto, which cater to small and mid-sized organisations, Namely focuses solely on the latter.
Since its inception in 2012, Namely has received several accolades. They won three Comparably awards in 2021 for Diversity, Leadership, and Career Growth. To ensure a safer workplace Namely’s HR professionals designed an anonymous employee reporting system.
15. SuccessFactors by SAP
One of the biggest firms on this list is SAP. SAP was developed in 1972 by five German businessmen who identified the software’s commercial potential.
Though SAP ERP solutions are already well-known, SAP SuccessFactors solutions are as important in today’s workplace. To emphasise its focus on putting workers first, the SAP SuccessFactors HCM Suite was rebranded as the HXM (human experience management) Suite.
16. Paycor
Paycor is one of the most well-known human capital management (HCM) organisations on our list, founded in 1990. Paycor now supports over 40,000 small and medium-sized businesses. Paycor’s top priority is to improve diversity, equity, and inclusion in its customers’ organisations. It is accomplished using Paycor analytics and Paycor payroll transparency.
17. Deputy
The goal of Deputy is to make staff scheduling software more efficient and straightforward. They now service over 250,000 businesses throughout the world.
Deputy is a company that specialises in shift scheduling software and provides some of the most cost-effective labour management tools in this article. They also have a free Starter plan that allows you to create one hundred timesheets every month. Their Premium plan is only four dollars per user (billed annually).
18. HR Oracle
Oracle, like SAP, is a huge corporation that sells a range of human resources software to large worldwide corporations. They have a workforce of well over 100,000 people. The Oracle HCM Cloud has some of today’s most potent HR tools.
Adventist Health, illycaffè, and Baylor University are among the firms that use Oracle HCM Cloud. Their HCM is available in over 190 countries and 26 languages as a worldwide HR software vendor.
19. UKG
The Ultimate Kronos Group, or UKG, is all about serving people, and their deeds demonstrate this well. They launched the Close the Gap Commitment in 2021, committing $3 million to close the pay gap between men and women in the United States.
If that wasn’t enough, UKG was recognised as one of AnitaB.org’s Top Companies for Women Technologists and rated seventeenth on Fortune magazine’s 2021 list of Best Workplaces for Women.
20. Criteria Corp
Criteria is a talent evaluation firm devoted to assisting businesses in making better hiring decisions by utilising objective, multidimensional data. We give the most exact evaluations accessible by integrating cutting-edge data science with rigorous validation backed by I/O psychologists.
