The HR Huddle Spilling the Tea on HR Tech - What's happening in the HR tech market? A major surge in mergers and acquisitions, AI innovations in talent acquisition, and leadership moves.
In this episode of Spilling the Tea on HR Tech, Sapient Insights Group Chief Research Officer and Managing Partner, Stacey Harris, and Sapient Insights Group Director of Research, Cliff Stevenson, analyze the HR tech market following a surge in mergers and acquisitions - including executive hires, and the growing role of AI in the industry.
This conversation explores how companies are leveraging AI for talent management and the innovative applications emerging from this technology.
Key points covered include:
↪️ The HR tech market experiences a surge in mergers and acquisitions, with over 100 transactions in the second quarter of 2024 — the second-highest quarterly volume in two years — driven by market slowdowns and opportunities for growth.
↪️ Michael Pawlyszyn, former SAP SuccessFactors Executive, joins Cornerstone as Executive Vice President and Chief Revenue Officer, signaling a strategic focus on global market expansion and talent agility.
↪️ WorkerHero, a Munich-based startup, recently secured €4 million in funding for its innovative AI-based talent matching platform — a move where AI's integration focuses on enhancing, rather than replacing, human experiences.
↪️ A pressing need for robust oversight of AI-driven HR solutions to ensure they meet basic human standards and don’t make mistakes too quickly.
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Stacey Harris
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Cliff Stevenson