A new wave of training regimen and skill sets has been unleashed by a rapid transformation in the functioning of HR departments across enterprises. With a shift to work from home culture due to Covid, employees’ networks have shrunk and made organizations more siloed. As a result, it has casted a negative impact on the businesses in terms of collaboration and innovation. In order to overcome such shortcomings, HR agencies will need to be much more intentional and involved in assisting firms in reshaping the way collaboration, co-creation, and innovation occur. Also, data used to evaluate employee productivity and engagement will grow increasingly crucial as employees continue to work from home. The predicament of such a situation is that HR managers expect a rise in corporate data analytics used in differentiating remote workers from onsite workers for insights.
According to Frost and Sullivan, the worldwide big data analytics industry will rise from $14.85 billion in 2019 to $68.09 billion by 2025. Despite the fact that HR departments collect a large quantity of data, there are often gaps in the areas that bring the most value. In such situations, the most pressing concern for employers is leadership, as HR departments track far too little data in this area. As a result, tracking value-adding data connected to the organization’s core problem areas is critical to generating more return. Therefore, it is evident that with the increasing obstacles and challenges that HRs confront, smart HR Management System and technologies that can support efficient virtual communications, remote hiring and onboarding, automated payroll processing, and easy virtual employee leave, among other HR processes, are essential.
To help companies select the best-of-breed HR analytics solutions provider, our distinguished panel comprising CEOs, CIO, CMOs, analysts, and the HR Tech Outlook Europe’s editorial board has reviewed and selected the Top 10 HR Analytics Solution Providers across Europe. In our selection process, we have evaluated a vendor’s competency to provide efficient as well as cost effective HR analytics solutions and services.
Here, we present to you HR Tech Outlook Europe’s “Top 10 HR Analytics Solution Providers - 2021.”
