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The Josh Bersin Company
The HR Tech Market Is Going Crazy: What To Look For In 2023
Aug 30, 2022
Explore the booming HR Tech market and discover which companies are making waves as top investments. Delve into the shift toward enhancing employee experience, transforming HR Tech architecture, and the dynamics of SkillsTech. Learn about the rise of Talent Intelligence and the remarkable growth in Recruiting Tech. Uncover how the Metaverse is reshaping corporate learning, and why innovative listening tools are becoming essential. Get insights on managing HR Tech effectively in this rapidly evolving landscape.
31:22
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Quick takeaways
- The HR tech market demonstrates resilience through essential functions like hiring and training, indicating sustained demand amid economic fluctuations.
- A significant shift towards enhancing employee experience and integrating adaptive learning strategies is transforming the HR technology landscape in 2023.
Deep dives
Stability of the HR Tech Market
The HR tech market is characterized by its robustness and resilience, remaining stable even in economically challenging times. Essential functions such as hiring, training, and payroll are critical aspects that businesses cannot forego, ensuring a consistent demand for HR technology. Companies like ADP exemplify this trend; their stock has consistently performed well, showcasing the potential for sustained growth within the sector. Thus, vendors that successfully carve a niche in this market can thrive long-term, provided they endure market fluctuations and competition.
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