Not Only HR SaaS, But Talent Management Platform is Also on the Rise
After the dramatic shifts from the past year, managing workers has never been more critical. SelectHub showed that over 80% of global Human Resource (HR) leaders say their organization’s success is largely dependent on nailing the employee experience.
The talent management solutions market is undergoing significant traction in Asia. Cloud-based talent management solutions provide greater flexibility and ease of management. Furthermore, the lower capital expenditure involved is rapidly driving uptake among small and medium enterprises.
Kakitangan, the first free online and mobile HR platform in Malaysia and Singapore, helps small companies reduce their paperwork and administrative bottlenecks so that they can focus their efforts on growing the business and keeping the employees engaged. Once signing up for a free account, users are given access to a dashboard through which they can register a company, manage their employees, and leave policies. Besides, Kakitangan aims to become the online hub for companies to purchase staff benefits and perks all the way from gym subscriptions, to insurance, to medical entitlements, and to shopping vouchers.
Source: Kakitangan.com
Beisen, a Chinese HR SaaS and talent management platform, has raised USD 260 million in a Series F funding round in May 2021. Ji Weiguo, co-founder and CEO of Beisen, said that the history of human resource software being separated from each other will surely become the past. In the next ten years, HR SaaS will adopt integration and low code as the trend.
McKinsey's recent Covid-19 survey finds that HR's role is proving indispensable in enabling the fast pace of digital adoption today. The Asia talent management and HR management industry is undergoing significant technological changes. The market is gaining substantial traction, supported by the constant adoption of advanced technological and dynamic HR practices. The need for hiring process automation and the growing need for better performance management among corporations are factors driving the growth of the market.
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