11th December 2019: The last 5 years have seen a rapid growth for the HR Tech Industry and the technology for this space continues to develop and evolve. Employers today are looking for access to technology solutions that will address every need of the employees. This has given immense opportunity to HR tech businesses to emerge and the industry is already touching over $400 billion. Amidst such a landscape, there lies a pressing need for an effective bridge between the two that will help address the concerns on both these ends.
Human Resource has always been recognized as a secondary department in any organisation, but over a period of time companies realised the importance and the value addition these departments do for the company.
We live in an era where almost everything is technology driven and using technology in the most disruptive manner is something which is always in demand. With this thought process companies started to merge HR with technology where HR became the crucial one and it was backed by technology to provide better solutions to the world and to cater to every need of the employees in a more effective manner. Intelligent and disruptive hiring technologies are rapidly emerging as a focus area for HR.
Startups are now using the power of Artificial Intelligence (AI) to address long-standing pain-points in candidate identification, engagement, and on-boarding. Here are the top HRTech startups in India which provide these solutions:
Avsar: One of the fastest-growing recruitment consultants in India, Avsar identifies and sources the best talents through the entire life-cycles and across the hierarchy spectrum of highly professional and organized establishments across the country. Operating with a customer-centric approach enables the company to provide end-to-end recruitment solutions of unparalleled quality, responsiveness, and flexibility. Avsar being a young next-gen HR services provider catering to a plethora of verticals in the recruitment ecosystem such as staffing, leadership hiring and recruitment process outsourcing. Avsar is present in over 180 locations across 24 states and catering to over 150+ clients, and growing. Its diverse clientele includes renowned names such as Walmart, Flipkart, GooglePay, PayTm, Makemytrip India, Cars24.com, Amazon, Swiggy, and Livpure, among several others.
Aasaan Jobs: The startup is an online marketplace for entry-level and blue collar jobs. The company provides two-way matchmaking algorithm filters through its database to connect candidates whose profiles and job expectations meet client requirements. Aasaan Jobs inception was inspired by the unregulated recruitment market in India where the company saw a big market opportunity. Aasaanjobs’ considers its USP to be its technology-backed solutions, multilingual website and ability to reach out and engage with candidates from diverse backgrounds, including those still using feature phones. The platform has filters based on location and salary bracket to help job seekers take the right decision on whether or not to apply for a particular job.
Teamlease: TeamLease Services is amongst leading India’s human resource companies offering a range of solutions to 3500+ employers for their hiring, productivity and scale challenges.Teamlease also operates India’s first Vocational University and India’s fastest growing PPP National Apprenticeship Program. The company offers solutions to large, medium and small clients across the 3Es of employment (1.5 lac+ employees), employability (2 lac+ students) and Ease-of-doing Business (1000+ employers). The company at present has nearly 2,00,000 associates/trainees spread across the country in 6,600+ locations and has till date given employment to 1.7+ million people with an aim to hire millions more. They believe the 3E (Employment, Employability and Ease of Doing Business) opportunity model is the foundation for our sustainable growth.
Million Minds: Million Minds is an ISO certified organization, focused on customer satisfaction through its point to point processes and compliance management. Million Minds aims to provide sophisticated services that would cater to the enhancement of productivity in industries and also ensures smooth running of the operations. The company strives to position itself on a platform where companies having Human Resource function can share their views about the industry’s best practices for the betterment and up-gradation of the whole industry. Million Minds caters into specialized services in Permanent Manpower sourcing, contractual Manpower sourcing and Pay-rolling services which can be customized according to requirements.