As businesses strive for growth amidst increasing competition and greater consumer expectations this year, HR's responsibility of unleashing the potential of the workforce will increase leaps and bounds. Following suit of other business functions, HR has also been looking at technology to aid in this endeavour. According to People Matters-SAP HR Technology Study 2016, 98 percent surveyed said they have been leveraging some kind of HR technology and many of them plan to invest further in HR technology. This market need is what is driving HR technol- ogy companies to emerge in this space and solve the varied people problems that organizations face. The market demand is what drove the growth of other functional startups in the space of marketing, finance, business intelligence as well as legal and it is a similar market demand that is encouraging companies to emerge.
The number of companies that have been founded in the HR tech ecosystem and the investments they have received has only g...
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