The HR market’s rapid expansion is attributed to the widespread adoption of contemporary Human Resource Management Systems (HRMS) and rising human centric HR activities. Additionally, the market is expanding more due to technical developments in the industry including the incorporation of AI, ML, and predictive analytics tools to create HR initiatives in line with the goals of an organization.
The HR technology market in Europe is anticipated to expand at a compound annual growth rate (CAGR) of 9.26 percent from 2022 to 2027, according to the most recent report from IMARC Group. The staggering growth has attracted several international companies to venture into the European HR market with significant investments.
This issue of HR Tech Outlook Europe features the “Top 10 Human Resources Management System Solutions Providers in Europe - 2022 and Top 5 Human Resources Management System Solutions Providers in UK - 2022,” which highlights some of the most important advancements in the European HR tech sector. It includes organisations like 4human, a market leader in the Norwegian market in HRM/HCM SaaS Solutions. It offers solutions that help companies control fundamental HR operations, such as tracking employee performance and managing sick leave.
The edition also showcases companies like Leadbacker, whose AI[1]driven platform aims to assist other companies in cementing this culture as a pillar of organisational growth, and StaffSavvy, a specialised cloud[1]based workforce management platform where employees can self-manage their compliance process, reduce administrative efforts, and increase staff engagement.
The magazine also includes the insightful viewpoints of Dishaa Kappur, Director of HR, FIVE Hotels and Resorts Group, and Christian Dorfinger, Group Head of Talent, Erste Group [VIE: EBS]. They discuss how communications play an important role in HR management and how talent acquisition is a pillar of HR management and technology.
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