HR technology is causing a drastic change in the HR landscape, from improvements in recruitment technology to creating comprehensive assessment metrics and introducing hybrid working modes. These developments influence how businesses run, deploy strategies, who they collaborate with, how wellness is seen holistically, and how it supports a more engaged, productive workforce. Forward-thinking firms will be able to advance quickly while empowering a new generation of employees through flexible and effective working methods by using IT as an enabler of workplace change.
Though the HR tech market is concentrated on incumbent innovative strides, HR startups are gaining more revenue streams due to their technological posture. HR tech startups are expected to double their share of the market by 2025. While the workplaces are evolving into a more sustainable environment for their employees and their productivity; bolstered by the hybrid work model, CHROs are compelled to adapt to multiple technology platforms that integrate business models for seamless functioning. Today, enhanced recruiting tools powered by AI and VR, data analytics, and other engagement tools have gained traction in revolutionizing digital offices. At this juncture, a wide variety of HR tech solutions providers are entering the market with advanced and integrated technologies. This edition of HR Tech Outlook APAC brings the spotlight to the key developments in the space and how companies are leveraging HR technology to streamline processes.
This edition features thought leadership articles from Dr. Michelle Deaker, MD and Founding Partner of OneVentures, Geoff Waring, Managing Partner of Stoic VC, and Benson Tam, Founding Partner and Chairman of Venturous Group. Additionally, the edition features innovative solutions from companies, including AC Ventures and Srust to help readers navigate the best-of-breed system providers.
