Services will see up to 30% jobs gone due to automation, digitisation and innovation over next 5 yrs. The next time you get a call checking your interest in a job opening, chances are you may be talking to a chatbot on the other side of the line. Gurgaon-headquartered PeopleStrong, a human resources (HR) technology solutions company that has been managing HR backend for several multinational Indian and foreign companies, has been using a chatbot for the past six months to assess a potential candidate’s interest in a job, run profile checks on a candidate’s suitability for a job and perform several other routine HR functions.
Globally, Human Resource is almost a whopping $54 billion industry, according to the current research by the Everest group. It’s no surprise then that close to $14 billion of that pie has been contributed by one single vertical- HR technology. In just 2016, investments in this segment went past $1968 million globally.
A decade ago, the role of typical CIO was only related to IT infrastructure. They have been the major player in the implementation of new technology in the enterprise architecture and guiding adoption within the functions of any organisation. However, implementing a cutting-edge technology is a concept no longer related to IT departments.
UNIGLOBE ATB, a leading provider of travel management services, has selected PeopleStrong Alt, a born-on-cloud HR SaaS technology to take their HR to cloud. The company has over 750+ employees and was looking for a scalable product which could keep up with their pace of growth and at the same time deliver exceptional mobile-based experience to its workforce.
The availability of credible figures can be the trump card that will ensure the success of skill-related initiatives and will realise our dream of a developed India. Sadly, over the years, the generation of good data has not been given the importance it deserves in the Government’s scheme of things
After seven decades, it looks like the policy-making framework of the country is soon going to get its third pillar.
Multiples, a private equity firm has made a controlling investment in PeopleStrong through a combination of primary and secondary investments.
According to a release, employees will continue to hold significant minority equity with the rest held by Multiples and HDFC, which remains a key shareholder post this round of investment.
This article was published on The Economic Times
When a global IT solution provider needed to recruit employees with better expertise and quality of hire across India, the company turned to PeopleStrong for end to end recruitment solutions.
It wanted to pursue the twin strategies of right skilling of its employees and recruitment of technically proficient professionals. And we provided them with our domain expertise backed with the on demand technology platform named Alt recruit and Alt analytics.
In the last decade, there has been a major shift in IT operations. Starting in the late 90s, companies optimized their IT budget by shifting personnel costs to project costs via outsourcing. Furthermore, decisions of “buy vs. build” often were made in favor of building the software. During this time, standard software often did not match the companies’ demands, and hence they preferred a custom solution.
The fresh infusion of capital by Multiples will be used to further strengthen PeopleStrong’s technology offering.
Private equity firm Multiples has made a controlling investment in PeopleStrong through a combination of primary and secondary investments. The deal is estimated to be around Rs 400 crore.
In February, HRKatha had reported on the possibility of this merger
PeopleStrong an HR Technology and Solutions company boasts of over 175 customers spread across all major industries.
Human Resources is an essential function in today’s business environment. From recruiting, retaining, engaging, and training staff, to administering employee benefits, to ensuring compliance with rules, regulations, and laws HR impacts so many areas. Leading organizations today realize that their HR team and HR processes can be leveraged to create a competitive advantage.