The HR tech market is projected to reach $30B by 2025. In addition to leading vendors like Workday, Oracle PeopleSoft, ServiceNow, and Coupa, there is a rapid increase in the number of vendors that specialize in HR automation, recruiting, payroll, benefits, people analytics, and more.
Employee engagement has a significant impact on a company’s performance. MIT research shows that companies with top-quartile employee experience achieve twice the innovation, double customer satisfaction ratings, and 25% higher profits than organizations with bottom-quartile employee experience.
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