Analyst house Gartner Inc. has released its newest research highlighting five emerging solution providers that Human Capital Management (HCM) leaders should consider as compliments to their existing architectures. Cool Vendors in Human Capital Management: Transforming Talent to Drive the Digital Workplace, 2019 features information on startups that offer some disruptive capability or opportunity not common to the marketplace. Gartner analysts John Kostoulas, Helen Poitevin, Jason Cerrato, Amanda Grainger, Ranadip Chandra, and Ron Hanscome compiled the materials for this report.
Solutions Review’s editors have read the complete report, which is available here, and want to take the opportunity to provide a brief, independent introduction to each of the cool vendors listed. Though Gartner’s process for selecting Cool Vendors is somewhat mysterious, we believe our unique view of the space can help you to better understand how these analytics solutions will fit into the marketplace as time goes on.
APPII offers a solution that utilizes blockchain, distributed ledger technology, and smart contracts to register and verify the experience and qualifications of new hires and employees already in the workforce. The provider’s primary objectives are to simplify the recruitment process, reduce the cost of recruitment, and deliver high quality verified candidates. The tool also delivers biometric identification capabilities in addition to blockchain technology in order to ensure identity verification.
Catalant’s platform is designed to assist users with organization and gaining visibility into business operations. The solution enables deep visibility through the ability to track how employees perform, the speed and quality of their work, and the ROI of spending on external talent. Additionally, Catalant offers data-driven assistance, providing intelligent recommendations on the skills and expertise your work may require, and which employees across your talent pools could be a good fit for the job.
Faethm’s AI analytics Software as a Service (SaaS) platform combines proprietary analytics with client data to predict the impact of emerging technology on jobs, workforces, companies, industries, locations, or economies. The solution enables organizations to validate and prioritize digital transformation agendas, re-skill employees for the future, develop better strategies and policies, and make better-informed investment decisions.
Built on artificial intelligence, ProFinda’s solution can index and ingest data to create and automate employee profiles. The platform then becomes an intelligent directory that enables employees to ask questions and identify the best people who can assist them with their operations. All interactions can be validated through a peer-to-peer reward system, which creates an incentive for employees to share knowledge.
WorkJam’s HCM solution provides shift management capabilities, which delivers a method to manage shift trades and cancellations that managers must deal with on a day-to-day basis. Employees are enabled to manage their schedules through their mobile devices, allowing employers to promote collaboration between managers and staff. This simplifies making schedule changes overall. The platform also offers task management, messaging, and training functionalities.
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