Human Resources Systems
Human Resource Management
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For a long time, the automation and digitalization of HR processes and functions of the company was taken far from the first place. In the current environment, faced with a labor shortage, they plan to introduce automation tools in order to fully unleash the potential of each of their employees and help him stay with the company as long as possible. How much does the Russian HR-tech market meet the need of large customers for innovative solutions? Read about this in the TAdviser review.
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Results of 2022, situation in 2023 and further prospects - TAdviser data
According to TAdviser, the Russian HR-tech market, which includes integrated HRM/HCM systems, separate tools for automating the selection, assessment and development of personnel, as well as services for the implementation and support of such solutions, increased by 10% in 2022 and reached 29.2 billion rubles. According to analysts, the market will show similar dynamics at the end of 2023. Thus, its volume, according to TAdviser, will reach 32.1 billion rubles. More...
Major HR-tech Solution Providers
The new rating of HR-tech companies, prepared by TAdviser based on revenue from the implementation of projects in this area, includes 30 participants. Mirapolis became the leader again. It increased revenue by almost 15% to 739 million rubles. The top five also included Molga Consulting, Potok, Websoft and Equio.
If earlier vendors and integrators offered many programs to automate some separate HR functions, now there is a desire to combine them. This is convenient in terms of interface, service and integration. The growing interest of customers in complex solutions is manifested in the requests of large companies to build systems with a high degree of centralization. Today, the desire of customers to move from microservices in the IT landscape to the organization and management of a single digital experience of an employee is noticeable. Read about this and other trends, as well as promising areas of development of HR-tech systems in the TAdviser material.
In recent years, HRM systems have been most often implemented in construction and IT companies, as well as in retail. This is evidenced by the statistics of HRM projects implemented over the past 4 years. Construction companies accounted for about 11.2% of all implementations of 2020-2023. The share of IT companies amounted to 8.6%, retail accounted for 8.5%. Other industries where such systems have been most in demand over the past four years are shown in the chart below.
In total, since 2005, the TAdviser database has accumulated information about about 4200 HRM projects. Most often, such projects were implemented on 1C products. This company, according to TAdviser, leads by a noticeable margin among all HRM vendors operating in the Russian market.
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Venture financing of HR startups for the year (by the end of the third quarter of 2023) slowed down sharply, and the total amount of transactions amounted to less than $3.3 billion. Such data on October 25, 2023 was cited by Alexey Mironov, vice president for operational management of the Ancor personnel company. According to him, the observed picture is due to the fact that investors do not see a systemic return on investments in the HR sector. In addition, global satisfaction with large human resources platforms is declining. More...