Review of the May 2020 HR Tech M&A and fundraising activity, update on HR Tech public market valuations and peer benchmarking, job market activity by country and key highlights from earnings reports and outlook statements by listed HR Tech companies.
Following April’s rebound, valuations for Future of Work companies continued to expand significantly in May. Productivity and pure HR tech companies saw the largest expansion (+26% and +17% respectively) compared to their diversified peers (+5%). HR Services increased by 8%, and their multiples remain significantly below those of productivity and their tech-driven peers.
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