What’s Inside?

In our latest report, we discovered that...

• Several transactions in the employee experience and well-being space underline the critical evolution of HR technology to integrate well-being into the employee experience framework, emphasizing a holistic approach to workforce engagement, productivity and health.
• Deal volumes increased substantially, with 92 reported transactions in Q1 vs. 68 in Q4 2023.
• Talent Development remained the most active sub-sector, representing 37% of identified deals.
• Talent Attraction transactions surged - this sub-sector represented 27% of deals in Q1 2024.
• Workforce Management experienced a modest decline - the number of deals in this sub-sector decreased from 24% in Q4 2023 to 17% in Q1 2024.
• Cross-border transactions constituted 41% of the recorded deals, marking a significant rise from the previous quarter's record low in 2023, which was 25%.  Noteworthy, the Asia-Pacific region saw a sharp increase in deal volume.
• Our HRTech index improved but lagged behind the recovery seen in the wider stock market indeces in the first quarter.