Office management, recruitment, learning and development, performance review, employee engagement and exit interviews- swiftly and smoothly, technology has spread to each and every function of HR.
An HR personnel, who was once only known as mere personnel manager, busy with operational tasks, now sits on the board with the senior leaders and impacts strategic business decisions. What led to this success of HR? Knowledge and competencies surely count but the role that technology played in this HR transformation is significant.
As per Deloitte Consulting LLP, the HR technology marketplace is a $400 Bn market globally. And as organizations turn more towards digitization, experts predict this industry to further grow. Some of the promising players of the HR Tech market in India will be seen participating in Asia’s largest conference TechHR 2018. Leaders from these companies will be talking about the future of HR Tech and will also be exhibiting their products.
From Corporate social responsibility and sustainability management technology platform, Goodera to the publicly held online education company, Pluralsight, 200+ tech partners would be coming together with the best of businesses, HR Leaders, HR Product & Service experts from across the globe at People Matters TechHR 2018.
Here’s a sneak peek at some of the HR service providers you will meet at the conference this year:
Now a publicly held online education company, Pluralsight was found in 2004 by Aaron Skonnard (current CEO), Keith Brown, Fritz Onion and Bill Williams. It offers a variety of video training courses for software developers, IT administrators, and creative professionals through its website. In November 2017, it was using more than 1,500 subject-matter experts as authors and offering more than 6,000 courses in its catalog. Since first moving its courses online in 2007, the company has expanded, developing a full enterprise platform, and adding skills assessment modules. Recently in May 2018, Pluralsight began trading on the NASDAQ at an opening price of $20 per share. It is helping companies like Adobe, VMware, NASDAQ and ADP, among others in scaling their business by taking care of their learning needs.
When Hyderabad based HR Tech service provider, Darwinbox raised $4 million in 2017, its Co-Founder and Product Head, Chaitanya Peddi said, “We will continue to invest in areas such as Big data, machine learning coupled with the latest research in HRM and psychology to maximize the value we offer to our clients while staying relevant and ahead of the competition.” And last month in June, acting on his statement Darwinbox launched a new voicebot called ‘Darwin.’ While its current HR platform takes care of entire employee life cycle, from recruitment to exit management, with this latest addition in its product suite, it aims to further improve the interaction with technology by making it more intuitive and conversational. The two and a half-year-old HR Tech platform is currently utilized by 2,50,000+ employees, with companies like Dr. Reddy’s, Paytm, Nivea, Myntra and Swiggy on board. Darwinbox is backed by investors like Mohandas Pai, Sateesh Andra (ex DFJ head) and silicon-valley based investor Lightspeed Ventures.
HONO through its technology platform aims to build human relationships, capitalize on employees unique strengths for personal growth and amplify the best of human talent. It facilitates real-time engagement pulse, provides actionable insights, 360-degree continuous feedback and enhances employee satisfaction. HONO is led by Mukul Jain, CEO and Founder. The two key products of HONO are H2RS (Hire to Retire) platform integrated and HONO Insights- an employee engagement platform. It is also enabling employees with real-time learning and development using Artificial Intelligence and Machine Learning technologies leading to high performance, increased satisfaction and retention.
Founded by Tonmoy Shingal and Ketan Kapoor, Mettl’s journey began in 2010 as a skill assessment service provider. From receiving angel funding of $3.5 Mn from Blume Ventures in 2010 and raising $4 Mn from IndoUS Ventures in 2012 to expanding its business in Mexico and China in 2017, Mettl has come a long way. Currently, Mettl is known for its online platform to conduct tests and measure talent. It provides content across psychometric assessments, aptitude tests and IT/Non-IT domain tests, along with a SaaS platform to conduct secure online assessments. It helps organizations in building winning teams by taking credible people decisions across two key areas: Hiring and Development. It has served companies like Ernst and Young, SAP, Fidelity and Amazon. Currently, it is assisting over 1,500 global companies, 24 Sector Skill Councils and 15 educational institutes across 80+ countries.
Instead of the inbound approach to hiring which companies follow, Belong bet on outbound hiring to disrupt the hiring space. For this, what Belong is banking on is big data, AI, and predictive analytics for identifying the right candidates. And after identifying the best-fit candidates Belong is working on engaging them with a highly personalized approach. Founded in 2014 by Exotel co-founder Vijay Sharma, Sudheendra Chilappagari, Saiteja Veera, and Rishabh Kaul, Belong has worked with companies like Directi, Cisco, Paypal, Accenture, Adobe, Flipkart, Fractal and ABB. Besides snagging top Internet companies as clients, the startup has also picked up a considerable amount of funding along the way. In June 2015, the startup raised over $5 Mn in Series A funding from Matrix Partners, Snapdeal co-founders Kunal Bahl and Rohit Bansal along with its seed stage investors including Blume Ventures, Redbus founders Phanindra Sama and Raju Reddy of Sierra Atlantic. This was followed by a $10 Mn Series B funding in February 2017, led by Sequoia Capital India, with participation from existing investor Matrix Partners India.
Goodera’s journey began in 2014 when it set out to create a technology platform embedded with domain expertise that transforms the way the world of good works. Well, what that means is that it provides a corporate social responsibility and sustainability management technology platform. The Bengaluru and Menlo Park-based company founded by Abhishek Humbad and Richa Bajpai raised its first funding in February 2015 from Mumbai Angels, Phanindra Sama and Prof. Kartik Hosanagar amongst other Angels. Last year, the company again raised $5.5 Mn in a Series A round from Nexus Venture Partners and Omidyar Network. Recently, it made news for raising $12-14 Mn from SAIF Partners. The platform enables corporates and non-profits to measure and analyze the progress and impact of their CSR projects. The software is powered by the technologies like cloud, mobile, voice, API integration and Big Data. These technologies help manage CSR projects by providing insights through dashboards for different stakeholders and data-driven stories. Reportedly, Goodera has a client base of 150 large enterprises which includes Global Fortune companies located across 30 countries. It was also reported that 10 percent of corporate India’s total CSR spend is managed on Goodera, while 2,00,000 employees globally volunteer using Goodera.
Formerly known as SmartForce, Skillsoft was found by Chuck Moran in 1998 to change the way organizations develop their employees. Today, it provides high-quality, innovative, cloud-based learning and performance support resources to its clients. It is enabling them to achieve competitive advantages through superior enterprise-wide knowledge and skills. It provides companies with various online learning and e-learning solutions for skills ranging from leadership to compliance. SkillSoft is not only catering to industries like finance and manufacturing but also working with federal agencies on a broad range of learning content—including compliance, leadership, business skills, productivity and collaboration tools, IT and digital transformation. It is headquartered in Nashua, New Hampshire. Recently, in July 2018, Skillsoft appointed Kamal Dutta as Managing Director of India.
Headquartered in Bengaluru, PeopleWorks is helping businesses in streamlining their HR process through automation. With its flagship product PeopleWorks HCM, it supports the people management function in organizations so that employees can emerge as an inspired workforce for collaborative business success. It provides solutions for recruitment, payroll, employee data management, rewards and recognition and L&D among others. It touches most of the functions of people management with its available cloud-based solutions. Currently, it caters to 200+ clients with presence across seven cities. The leadership team of PeopleWorks includes Vaishakh Kelkar, COO; Krishna Bhat, Chief Technology Officer and Sanjay Kamath, Sales Head, among others.
Meet these innovative HR Tech leaders in TechHR 2018 on 1st, 2nd and 3rd August at The Leela Ambience, Gurgaon and learn more about them. Click here to register.