The world of work is undergoing a seismic shift. The rise of hybrid work models is a prime example. A recent survey by the International Foundation of Employee Benefit Plans found that close to three-fourths (74 per cent) of employers now offer hybrid work arrangements.
This aligns perfectly with employee preferences, with a strong majority (68 per cent) preferring a hybrid model, versus 28 per cent wanting to work full-time from home and eight per cent preferring full-time on-site work, according to a World Economic Forum survey. This shift, coupled with globalisation and a growing emphasis on talent experience, is forcing companies to rethink their HR strategies.
Enter the vanguard of HR transformation companies — innovative players disrupting the traditional landscape and empowering businesses to thrive in the new era. From streamlined global hiring to AI-powered talent insights, these companies are equipping businesses with the tools they need to build winning teams and navigate the future of work.
A 2023 study by Gartner revealed that forty-six per cent of HR leaders cited HR technology as their top investment priority. This surge in investment highlights the growing importance of technology in streamlining HR processes, improving talent acquisition, and fostering a positive employee experience.
Next month, at Echelon X, there will be four major conference themes that the attendees will get to dive deep into: Agile Business Practices, Sustainability & Responsibility, Collaborative Ecosystems, and Fostering Creativity. HR transformation will also be one of the things that ecosystems are looking at. How are we going to make that difference? What best practices are out there? Most importantly, who are the people set to make a difference?
To prepare ourselves for the event, check out this list of nine transformative companies offering innovative HR solutions shaping the current talent management landscape.
Deel
Founded in 2019 by Alex Bouaziz and Shuo Wang, Deel is a comprehensive Global People Platform that simplifies international workforce management, covering culture, onboarding, payroll, and compliance. With industry-leading HR tools and compliance expertise, Deel enables companies to scale globally efficiently.
By offering a single platform for teams, Deel eliminates hiring and management barriers, facilitating seamless collaboration and access to new opportunities. Additionally, Deel is developing Deel AI, an in-house tool akin to a global employment assistant, offering insights on regulations in 150+ countries and providing company-specific data.
It raised US$50 million in a venture round at a US$12 billion valuation in May 2022, bringing its total funding to US$679 million.
Globalization Partner
Founded in 2012 with the goal of streamlining global business operations, Globalization Partners (G-P) became the first company to offer Employer of Record (EOR) services and defined the category with its industry-leading SaaS-based Global Growth Platform
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Led by CEO and Founder Nicole Sahin, the platform pairs the industry’s most compliant EOR solutions with best-in-class Payroll and HCM solutions, making it easy to hire and manage teams in 180+ countries without setting up entities.
In 2022, G-P secured a US$200 million investment, valuing the company at US$4.2 billion.
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Jobstreet
Jobstreet, Singapore’s leading online job marketplace owned by SEEK, leverages Artificial Intelligence to connect job seekers and employers more efficiently. It offers access to over 100,000 tech jobs across various APAC markets.
To further enhance regional connectivity, SEEK recently unified its online marketplaces — SEEK, Jobstreet, and JobsDB — under one AI-powered platform. The platform employs AI to assess talent and provide personalised recommendations, analysing data from resumes, job ad descriptions, and employers’ past behaviours. This enables fast and accurate hiring decisions, with employers able to expedite the talent shortlisting process by incorporating AI-recommended screening questions in their job ads.
Peter Bithos, CEO of SEEK Asia said, “One unified platform means we can now offer our product to millions of people across Asia in an entirely new way so that our customers can find jobs and talent more easily.”
Employment Hero
Founded in 2014 by Ben Thompson and Dave Tong, Employment Hero has developed an all-in-one platform for seamless and compliant talent recruitment, onboarding, payment, and management. This empowers business owners and managers, allowing them to focus on business growth while ensuring peace of mind.
The Employment Hero super-app, ‘Swag’, serves as a real-time control centre for employees, offering efficient and intelligent management of their work and financial activities. The company claims that over 300,000 businesses and 2 million employees are now using its products.
In October 2023, the company secured US$168 million in funding, bringing its total fundraising to over US$650 million to date.
Multiplier
Founded in 2020 by Sagar Khatri, Amritpal Singh and Vamsi Krishna, Multiplier is driven by the mission of connecting individuals with their ideal jobs, regardless of location.
With a presence across 150 countries, Multiplier empowers its clients to tap into global talent pools using its EOR technology and infrastructure so that clients can instead focus on scaling their businesses. The company’s proprietary technology simplifies the employment process by managing the complexities of local compliance, labour contracts, payroll, benefits and taxes.
Multiplier has secured US$60 million in Series B funding in March 2022.
Remote
Founded in 2019 by Job van der Voort (CEO) and Marcelo Lebre (President), Remote is a global HR platform designed to empower companies to build geographically distributed teams.
Their suite of solutions simplifies hiring, managing, and paying international teams. This includes services like HRIS, payroll, international employment, and contractor management, enabling companies to compete more effectively in the global economy. The company claims that as of November 2023, it offers contractor management services in over 160 countries and acts as an Employer of Record (EOR) in over 80 countries.
In April 2022, Remote secured US$300 million in Series C funding, reaching a valuation exceeding US$3 billion.
Bossjob
Founded in 2023 by Kiat How Quak and Anthony Garcia, Bossjob is a hiring platform designed to streamline communication between job seekers and employers. This chat-first, AI-powered platform aims to expedite the hiring process by enabling direct chat communication between candidates and potential employers.
Following early success in the Philippines market and securing US$5 million in venture funding, Bossjob expanded its operations in Q3 of 2023 with launches in Singapore and Malaysia, marking the beginning of its global expansion strategy.
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NodeFlair
Founded in 2018 by Adrian Goh and Ethan Ang, NodeFlair is a Singapore-based platform focused on career transparency for tech professionals. It provides verified career data, including salaries, company culture, and benefits, with the mission of empowering tech talent to make informed career decisions.
NodeFlair’s verified career data, including salary information corroborated by payslips, has positioned it as a valuable resource for tech professionals in Singapore, with over 20 per cent actively utilising the platform to inform their career decisions.
Darwinbox
Founded in 2015 by Chaitanya Peddi, Jayant Paleti, and Rohit Chennamaneni, Darwinbox is a cloud-based Human Capital Management (HCM) platform designed to automate HR processes, deliver data-driven insights, and improve the employee experience. Its AI and ML-powered suite offers a user-friendly, mobile-first experience for employees.
Darwinbox currently serves over 850 organisations and 2.2 million employees across 116+ countries. The company secured US$5 million in Series D funding in January 2023 at a valuation of US$1.42 billion.
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