We are excited to announce the launch of our human resources technology (HR Tech) coverage!
HR Tech companies use technology to enhance or streamline the Human Resources (HR) functions of a business. Examples include talent acquisition, employee engagement, and performance reviews.
This post will introduce and define the different categories that make up the HR Tech sector.
The definitions of the HR Tech categories are as follows:
Benefits Administration: Companies that help businesses manage employee benefits, perks, rewards, and recognition. Examples include employee health benefits, retirement plan administration, discounts on employee fitness initiatives, and branded merchandise for employee use.
Employee Engagement: Companies that help businesses increase engagement, retention, and cultural inclusion of employees. Examples include employee feedback gathering software, employee skills assessment platforms, and corporate internal communication tools.
Employee Training: Companies that help businesses deliver professional training and education solutions to employees. Examples include employee micro-learning content libraries, workplace training platforms, and leadership mentoring software.
HR Management Platforms: Companies that provide businesses with end-to-end Human Resources management software solutions. Examples include software suites that manage all facets of HR from recruitment management to performance reviews on one platform in a comprehensive and holistic manner.
Job Listing and Matching: Companies that provide an open job marketplace for job openings, or a job matchmaking platform that matches candidates to jobs based on their skills. Also includes specialized job matchmaking platforms for veterans, nurses, hospitality workers, and temporary workers.
Performance and Compensation: Companies that help businesses review employee efforts to help determine compensation, promotions, and other financial rewards. Examples include performance review software, compensation management software, and employee goal-setting software.
Recruitment Management: Companies that help businesses attract, engage, and hire the best candidates for job positions. Examples include recruitment marketing, candidate sourcing, candidate engagement, and interview scheduling solutions.
Time Management: Companies that help businesses manage the time tracking and scheduling of its employees. Examples include employee timesheet software, workforce time planning platforms, and absence approval solutions.
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