Venero Capital Advisors is pleased to present the results of our first “State of HR Tech” survey. The findings provide invaluable and highly granular insights into how Future of Work (“FoW”) businesses are performing, as well as their near-term outlook. Companies can use this information to benchmark their own performance relative to peers, while investors and prospective acquirers can use it to assess investment and acquisition opportunities in the midst of significant business disruption and economic uncertainty.
The world of work is undergoing a period of unprecedented upheaval. Companies have had to accelerate change and upend processes ranging from workforce management and remote working to employee productivity, talent management, learning & development and more.
The longer-term trend of digital transformation remains intact for FoW businesses. However, in the near-term, the market dislocation is having a mixed impact on the sector: Some FoW segments are experiencing strong headwinds, some are demonstrating resilience despite the difficult macroeconomic conditions, while some are benefitting from the new way of doing business.
From an M&A and investment standpoint, this creates both challenges and opportunities. In order to better understand where these may exist, we invited more than 500 Future of Work businesses to participate in a highly targeted “State of HR Tech” market survey. Participants include companies of all sizes, active in all Future of Work segments, with geographical footprints across Europe, the US and Australia.
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