Adoption of human resource management technologies has skyrocketed over the past few years and shows no signs of slowing down. The Human Resources Management (HRM) tech market is expected to hit $30 billion over the next 5 years, growing at an over 10% compound annual growth rate, as demand for automation and tools to help HR teams improve productivity drives investment in software platforms.
HRIS (Human Resources Information System) platforms from the big players are a worthwhile investment and certainly an improvement over legacy systems like spreadsheets. However, many companies are finding that as their footprint grows, their HRM solutions don’t always have the capacity to keep up. As business becomes more global, with geographic borders less of an obstacle, even the smallest companies that just a few years ago would have never imagined they’d become global entities are now struggling to manage international operations.
