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What is the potential of the gender equality software solutions for workplaces (names of competitors, expected growth and worth).It's part of the HR tech market and if i can get also the size and expected growth, that will be great. I'm referring to the global market - want to know about the global market and i want to know the potential also in different areas in the world (US, Europe and act...)
Hello! Thanks for your question about the potential of gender equality software solutions for workplaces. The short version is that the top gender diversity apps are PeopleFluent, Accenture, PowerToFly, Joonko, and SAP SuccessFactors. Equilep researched more than 3,000 public companies in 23 countries. Approximately, 19% of the top 200 had an ideal 40% to 60% gender balance on their non-executive boards. Below you will find a deep dive of my findings. To get a high-quality answer, it is best if you submit a separate request for the size and expected growth of this industry.
GENDER EQUALITY SOFTWARE SOLUTIONS AROUND THE WORLD
Roland Berger states that the German HR software market will be worth approximately 1.7 billion euros by 2020. Eighty-six percent of this growth will come as a result of the transition to cloud-based solutions.
Equilep researched more than 3,000 public companies in 23 countries, and it used 19 criteria to compare the progress of these companies toward the objective of gender equality. Their ranking list shows the top 200. L'Oreal, Pearsons PLC, National Australia Bank, Sodexo, and BTG PLC were in the top five positions. The top 200 have demonstrated greater gender balance in their leadership when compared to the other companies in the study. Approximately, 19% of the top 200 had an ideal 40% to 60% gender balance on their non-executive boards. Of the other 2,848 companies in the study, only 2% had an ideal 40% to 60% gender balance on their non-executive Boards.
--TOP GENDER EQUALITY SOFTWARE SOLUTIONS FOR WORKPLACES
According to an article by GetApp, the top gender diversity apps are PeopleFluent, Accenture, PowerToFly, Joonko, and SAP SuccessFactors. Rick Devine is the CEO and founder of TalentSky, a skills network for professionals. He advises organizations to offer objective data concerning the skill sets of employees. He states that this will eliminate subconscious biases and give a more accurate assessment of a candidate's core abilities.
PEOPLEFLUENT
PeopleFluent offers an HR solution that allows users to set and track actionable goals. It uses pay data to compare and eliminate pay disparity due to gender. This company's annual recurring revenue and service bookings in North America grew 11% from 2014. Through the use of its market-leading Vendor Management Solution (VMS), it has continued to work for the needs of the contingent workforce.
ACCENTURE
Accenture focuses on software solutions that deal with gender diversity and pay gaps for freelancers. In the second quarter of 2017, new order bookings were $9.2 billion. Consulting and outsourcing orders were equal. This company's financial-services division produced 5% year-over-year revenue growth and sales for its products increased 14%. They have reported strong performances with double-digit growth in Japan, and they have achieved equally successful results in Australia and China.
POWERTOFLY AND JOONKO
PowerToFly is a platform that connects women with companies that can vary between startups and Fortune 500 companies. It does this to improve gender diversity at these companies. Joonko uses artificial intelligence to combat bias in the workplace by providing recommendations to companies in real time so that they can take action. This company has had a 2300% growth of their marketplace when it comes to their talent supply side. Over the past year, there has been a 370% growth of companies on their demand side. Women from six continents, and more than 164 countries, have made profiles on this platform.
SAP
SAP owns SuccessFactors, a company that focuses on software for HR management and recruiting. According to data reported by SuccessFactors, the company has more than 47 million users on their platform and more than 6,200 client accounts. In addition to this, their core HR business is growing at 51% year-over-year. Among SAP's priorities is the use of artificial intelligence; this to improve diversity policies. SAP is also creating software that will screen job descriptions for possible use of biased language that can unintentionally limit a pool of candidates.
CONCLUSION
To wrap it up, the top gender diversity apps are PeopleFluent, Accenture, PowerToFly, Joonko, and SAP SuccessFactors. Equilep researched more than 3,000 public companies in 23 countries. Approximately, 19% of the top 200 had an ideal 40% to 60% gender balance on their non-executive boards. To get a high-quality answer, it is best if you submit a separate request for the size and expected growth of this industry. Thanks for using Wonder! Please let us know if we can help with anything else!