In this post, we’ll discuss some of the key trends shaping this growing industry, and how they’ll affect the market going forward. According to HR industry expert and analyst Josh Bersin, the average large company now uses 9.1 core talent applications — up from 7 in 2018. Spending on these tools now averages $310 per year for each employee. Companies are throwing money at HR tech, trying to find ways of transforming their workforces, increasing employee productivity, and improving quality of hire, employee engagement and retention. And more and more of these tools are entering the market every day: the HR tech market reached a total value of $28.65 billion in 2021.
Blog: Industry Insights & Trends
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