HCG, Expected to Dominate the Domestic Major Enterprise HR Tech Market…
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작성일 24-05-13 14:53 노출일자 24-04-30
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HCG, Expected to Dominate the Domestic Major Enterprise HR Tech Market, Expects Revenue Growth of Over Double in the Last 5 Years
Human Consulting Group (HCG), the largest and leading HR specialist company in South Korea (CEO: Jaehyun Park, hereinafter HCG), has announced that it firmly holds a leading position in the domestic HR tech market by continuously securing and supplying major HR solutions in South Korea in the first quarter of this year.
HR tech refers to the technology and platforms that improve the efficiency of personnel management through technologies such as cloud, AI, and big data. Leading the HR tech market, HCG, since its establishment in 2001, has provided HR services to approximately 800 domestic companies, offering tailored e-HR solutions for large corporations under the brand 'hunel,' e-HR packages for small and medium-sized enterprises called 'JaDE,' and a cloud-based OKR performance management collaboration platform named 'Performance Plus'.
HCG has solidified its dominant position in the HR solution market by continuously winning e-HR projects across various industries including finance, public sector, and services, including major group companies recently.
(Photo) HCG's e-HR Solution Screen for Large Enterprises
Especially in the case of large conglomerates where diverse and integrated HR systems are in place, HCG has demonstrated overwhelming competitive advantage. Recently, it has targeted numerous major corporations including Hyundai Department Store Group to build and provide HR solutions.
Furthermore, it has drawn attention for its remarkable success in consecutively securing HR projects for recently emerged large financial institutions such as KB Securities, Hyundai Marine & Fire Insurance, and Hana Bank.
In the domestic HR tech market, while there are numerous companies, not many possess the capability to design and provide customized solutions tailored to the integrated and complex needs of large corporate clients' subsidiaries. As a result, HCG, with its extensive experience and expertise in building solutions for numerous large corporations, stands out. Its product, hunel, is recognized as the top brand preferred by HR managers and executives in South Korea, owing to its ability to meet the specific and intricate requirements of large conglomerates.
Over the past five years, HCG has shown more than a doubling of its revenue and has maintained an annual growth rate of over 20%. Last year alone, it supplied HR solutions to over 40 large corporations.
In the first quarter of this year, it has already signed contracts with more than 25 companies, further solidifying its position in the HR tech market for large enterprises. Expectations are high for HCG to dominate the large enterprise HR tech market this year.
Alongside, there's a growing trend of increasing interest and inquiries from numerous corporate clients as the launch of talenx, an All-in-one HR SaaS platform equipped with key HR functions including organization/personnel/workforce/payroll management, as well as AI-based analytics/predictive capabilities, is scheduled for the second half of the year.
This year, particularly in the HR tech market, it's anticipated to mark the beginning of the mainstream adoption of HR solutions incorporating business AI such as generative AI, conversational AI, and deep learning. With this trend, it seems there will be significant shifts in the domestic HR market as well.
Vice President Baek Seung-a, who oversees solution service R&D at HCG, stated, "The adoption and utilization of AI are rapidly occurring across various industries," adding, "HCG plans to apply generative AI across all our solutions and services, not only to enhance user convenience and operational efficiency for our customers but also to flexibly respond to trend changes, thereby solidifying our leading position in the HR tech market."
Original Article
· "HCG, Supplying HR Solutions to 25 Companies in 1Q... Expected to Dominate HR Tech Market"
· "HCG, Expected to Dominate the Domestic Major Enterprise HR Tech Market"
· Over 2x Revenue Growth in 5 Years... Expectations for HCG to Dominate the Large Enterprise HR Tech Market
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