Startups of disruption: employment and human resources
If ever there were industries primed for disruption, employment and human resources would have to somewhere near the top of the list. There are so many elements of each industry which require unnecessary manual work: from payrolls to referrals to recruiting to training and management processes. Automation and artificially intelligent solutions are on their way to make the lives of workers in these industries a whole lot more efficient. Without further ado, let’s take a look at some of the most interesting and promising tech startups working in the employment and human resource spaces:
First off the blocks is Final Stage from the United Kingdom. The team believe they have created the world’s first “talent sharing platform”. It works through organizations inviting shortlisted candidates who missed out on job offers to a larger network of employers on the hunt for quality workers. This means that rather than rejection from the one job they interviewed for, the promising and pre-vetted candidates can be referred to other companies within the same industry. The team, who launched their platform in May, already have involvement from Capgemini, Bloomberg, Grant Thornton and Balfour Beatty.
Next is another UK company in Hibob. This all-in-one, cloud-based human resources and benefits platform offers businesses an easier way to engage and manage their workforce. The London operation, which was founded in 2015, concentrates on a variety of human resources processes and workflows. For example, the platform can help to advise and inform workers on everything from benefits to pension plans while allowing workers to use a mobile app to stay up to date. The platform collates rich data for the company to then access and use in decision-making. The concept has gained plenty of interest – including $25 million in funding and an expansion into foreign markets.
Over to Germany and Productive Mobile is devising ways to make people more efficient. The Berlin-based application aims to revolutionize the way workers approach manual tasks. Their solution seeks to tailor how enterprise software workflows are built, optimized and automated. Through the integration of different applications and softwares, the system makes people more productive through simplifying and automating those manual tasks. Productive Mobile connects easily with existing IT infrastructure and any application or workflow, which can also be used to automate tasks or run applications in the background. The startup has already garnered plenty of interest, raising about €3.4 million in seed funding.
Rounding out the European contingent is Hackajob. The UK startup, which recently secured £5m ($6.7m) of funding, is reimagining how top companies hire technical talent by making the process fairer, faster and based on skills rather than backgrounds. Over 1,000 companies such as Argos, Capital One and Apple have found success through the hackajob platform by reducing the time to hire, engaging with candidates and most importantly, removing the bias from the recruitment process and hiring based on technical ability.
Founded by university friends Razvan Creanga and Mark Chaffey in 2014, the business was born after the founders realized the faulty recruitment process faced by developers and engineers in the IT space. The platform has now grown to employ more than 30 people who are on a mission to connect digital talent with the most exciting companies.
These are but three in a strong field of startups seeking to shake-up the employment and human resources sectors. Time will tell what the workplace of tomorrow looks like, but no doubt there is room for increased efficiencies when it comes to hiring workers and keeping them happy.
Disclosure: This article includes a client of an Espacio portfolio company.