Top 4 Asia fastest growing HR tech companies in 2023

The rapid development of technology is driving a paradigm-shifting transformation in the HR (Human Resources) landscape.

HR solutions that are both effective and scalable have become increasingly important as businesses expand globally.

A new breed of HR digital businesses gives employers a competitive edge in the race to hire and keep top employees.

People are what propel businesses forward, and HR professionals interact with people. Despite this, it appears that this extremely private and human business is completely at ease with the digital revolution.

The market for solutions for human resources is always changing. The field of HR innovation is continually progressing innovatively.

HR laborers regularly put in extended periods and go unnoticed for all they achieve in the organization, yet innovation based arrangements are expected to facilitate a portion of that pressure.

Before long, innovation will smooth out activities, which will prompt expanded representative fulfillment for firms.

Fortune Business Insights estimates that the human resource technology industry will be worth USD 22.90 billion globally in 2021.

From 2022 to 2029, the market is expected to grow at a CAGR of 7.5 percent, reaching a value of USD 39.90 billion from USD 23.98 billion.

HR teams and departments have been compelled to implement novel strategies in order to meet employee or workforce expectations because of the rapid development of the market dynamics of working patterns.

Human resource technology solutions like workforce management, talent management, recruiting, and payroll administration are expected to see an increase in demand following COVID-19.

We have listed down top 4 companies:

iXceed Solutions: 

iXceed Solutions is a leading Talent and Workforce Solutions service provider to Fortune 500 companies globally focussing on Technology, IT Consulting, Engineering Consulting domains.

iXceed has been functioning as one of the leading end-to-end recruitment solutions Internationally(UK), now operational in the Indian market.

It uses an efficient and robust process to develop solutions in the recruitment space. The facilities are primarily tech-skill-based, and customer satisfaction is always based on the best fit for the industry.

The company uses Artificial Intelligence-based recruitment solutions to create a best-in-class experience for both the clients and candidates.

Some of their clients are- Infosys, HCL, Oracle, Mindtree, NIIT, etc. It is co-founded by Yogita Tulsian, who is also its Director.

Darwinbox:

Darwinbox is a cloud-based HR solutions firm. An end-to-end HR platform, Darwinbox offers solutions for recruitment, core HR processes, employee engagement, performance management, employee movement, and others.

The platform’s AI engine allows a recruiter to analyze a job description and employee profile picking up keywords to arrive at a certain ranking metric.

So, if there are 400 applicants for a job, the system will shortlist about 10-15 applicants for the recruiter to talk to, which saves time, increases productivity, reduces costs, and results in better talent acquisition.

The three-year-old firm serves over 100 clients, including Paytm, Ekart, Spencer’s, Delhivery, and others.They provide services in Indonesia, Malaysia, Thailand, Dubai, and many more.’

Freshworks:

Freshworks makes it fast and easy for businesses to delight their customers and employees.

Taking by a fresh approach to building and delivering software-as-a-service that’s affordable, quick to implement, and designed for the end-user.

Unlike legacy software, Freshworks builds tech that works for everyone, making it easy for IT, customer service, sales, marketers and HR to do their job and delight their customers.They provide services in Australia, Germany and UK.

Betterup: 

BetterUp is a human transformation company that dares to innovate the future of work by helping people and businesses grow personally and professionally to reach peak performance and maximize their potential, through coaching, content, community, and cutting-edge AI technology.

BetterUp is the inventor of virtual coaching and the largest mental health and coaching startup in the world, with the world’s largest network of over 3,000 Coaches offering support in 46 languages across over 90 countries.

Trusted by more than 380 organizations including NASA, Google, Snap Inc., Hilton, Warner Media, and other leading Fortune 1,000 companies. They provide their services in London, Germany, and New York .

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