5 HR Tech Startups: Their Story, What They Do
The human resource industry is ever-changing and evolving – thanks to the innovative solutions provided by creative HR tech startups.
Using the new technology, hiring the best talents, improving and monitoring employee performance – processes critical to business growth and success – are made possible and much easier.
How Technology is Changing HR Management
Human resource is central to the smooth functioning of any organization. They have the key role of planning, directing and coordinating administrative functions. The human resource industry has experienced a technology boom for the past years.
From the use of AI in streamlining the recruitment process to the automation of HR processes, performance management, data analytics, facilitating regular employee reviews, gathering of feedback, and so on – technology has given HR professionals tools that reduce the time and resources they have to spend on administrative task while greatly improving systems and processes.
Technology companies are on the rise these days, giving people and organizations an innovative solution to their everyday struggles. Tech startups are particularly helpful in the human resources industry. Through their innovative HR platforms, companies and organizations have a better edge at enhancing employee performance through data-driven analytics and insights, unbiased candidate selection, streamlined administrative tasks, automated surveys, and so much more.
Biggest HR Tech Startups & How They Get Started
Many tech startups have very inspiring and interesting beginnings. They may have different goals, background, and area of focus. One thing is common though – they have big ideas. Most of these companies really started small. Not all of them have the fund to get started right away and choose either an SBA loan or an online cash advance to fund their idea.
Let’s take a look at some of the best HR tech startups today. If you’re searching for some inspiration or ideas to pull up your own tech startup, you’ve got to learn about their story, what they do, and how they change the world of HR.
Unhappy, unwell employees are poor-performing employees. Take it from Thrive Global – a startup offering science-backed, sustainable solutions for enhancing employees’ health and performance.
Founded by Arianna Huffington in 2016, she herself has experienced how the pressure, burnout, sleep deprivation and exhaustion when she was building the Huffington Post has taken a huge toll on her health and well-being and greatly undermined her performance at work. Through technology, Thrive Global makes every workplace a more positive environment for employees. They have created a media platform which contains compelling, personalized and engaging content which inspire employees to beat stress and maintain a positive lifestyle.
While not really an HR startup, this company has made such an innovative solution that has inspired many more organizations to level up employee management. You’ve probably have struggled with a lot of repetitive administrative work in your own company. Not only are these tasks tedious and time-consuming, but they also cost you money.
PostNL puts an end to this problem with their robotics software which basically automates repetitive administrative work. Aside from being cost-effective, this technology has helped employees more motivated by allowing them to prioritize more important tasks.
Hiring the best talent can take so much time and effort, let alone sourcing them. Blendoor has a great solution to prevent “hiring bias”. Their technology allows organizations to pull up data from existing applicant tracking systems, without the names, photos, and dates to ensure that job candidates are judged based on merit alone.
The software makes use of complex algorithms to source a database of over 10,000 qualified, diverse candidates and pairs them up with companies that are in need of their skills and expertise.
Capgemini is a French multinational professional service and business consulting corporation with an estimated 12.79 billion of revenues as of 2017. A huge part of their success comes from listening to their employees’ feedback. As with any other company, they use employee surveys as a key strategic tool that helps them identify and solve problems. However, because it is such a time-consuming task, they only conduct surveys once a year.
By hiring Peakon, they now have a system that allows the organization to conduct surveys from over 10,000 employees monthly or weekly. Peakon is known for providing one of the best digital platforms for measuring employee engagement.
Another key aspect of HR is ensuring that employees are up to date with the latest trends and are equipped with the skills needed to be efficient at work.
Cornerstone offers cloud-based learning and talent management software that allows companies to create training courses that are tailored to the employees’ needs. They are working with Philips, a Dutch Healthcare company, to look at how artificial intelligence (AI) can be incorporated into this technology in improving online learning.
Jim Hudges is a content marketer who has significant experience covering technology, finance, economics, and business topics for about 3 years. He likes to share all the insight and knowledge he has.
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