Top 10 Talent Acquisition Applications Vendors, Market Size, Market Forecast 2021-2026, and Customer Wins

Worldwide Talent Acquisition Applications Market to reach $11.8 billion by 2026, compared with $10.6 billion in 2021 at a compound annual growth rate of 2.2%.

11054

In 2021, the top 10 Talent Acquisition software vendors accounted for 49.8% of the Talent Acquisition applications market segment which grew 19.2% to approach $10.6 billion in license, maintenance and subscription revenues. As a whole, Talent Acquisition applications including talent management products represented 27.3% of the overall HCM applications market.

Microsoft was No. 1 in Talent Acquisition with a 27.9% market share and $2.9 billion in Talent Acquisition product revenues, following a 23.8% rise in license, maintenance and subscription revenues. SAP was No. 2 while iCIMS was third.

2021 Talent Acquisitions Applications Market Shares Split By Top 10 Talent Acquisitions Vendors and Others
Exhibit 1 – 2021 Talent Acquisitions Applications Market Shares Split By Top 10 Talent Acquisitions Vendors and Others

We ask the simple question: Who’s buying Talent Acquisition applications from whom and why? And we provide the answers – supported by decades of research – to our clients around the world. (Sample from our Apps Database)

Through our forecast period, the Talent Acquisition applications market size is expected to reach $11.8 billion by 2026, compared with $10.6 billion in 2021 at a compound annual growth rate of 2.2%.

Exhibit 2: Worldwide Talent Acquisition Software Market 2021-2026 Forecast, $M
Year202120262021-2026 CAGR, %
Total10572117802.2%

Source: Apps Run The World, September 2022

Top 10 Talent Acquisition Software Vendors

These top 10 vendors are ranked by their latest annual product revenues attributable to the Talent Acquisition applications market. Check the methodology section below as well as our FAQ section on how we conduct research for these market reports.

RankVendor2020 Talent Acquisitions Total Apps Revenues, $M2021 Talent Acquisitions Total Apps Revenues, $MYoY Growth2021 Talent Acquisitions Total Market Share, %Recent Developments
1Microsoft Subscribe Subscribe23.8% SubscribeWith the $26-billion purchase of LinkedIn, which led a number of HCM market segments including Sourcing, Recruiting, Candidate Relationship Management, as well as the overall Talent Acquisition category, Microsoft now owns nearly a third of the talent acquisition market, which topped nearly $8.8 billion in 2021.
2SAP Subscribe Subscribe1.6% SubscribeA decade after Successfactors was acquired by SAP, Employee Central has soared in popularity. At SuccessConnect, SAP announced an incredible milestone: more than 5,300 customers are now using SAP SuccessFactors Employee Central. According to Our Buyer Insight Customer Database, we estimate that SAP for their SuccessFactors Recruiting has over 4500+ customers.
3iCIMS Subscribe Subscribe23.0% SubscribeIn March, 2022, iCIMS acquired Candidate.ID, a marketing automation software built for talent acquisition. Together, iCIMS and Candidate.ID are redefining the recruitment marketing space. In December 2021, iCIMS has acquired Altru Labs, a software that allows companies to create employee-generated video content for employment branding and engagement. iCIMS supports more than 4,000 customers across the globe.
4Oracle Subscribe Subscribe15.7% SubscribeOracle Recruiting Cloud (ORC) is the new recruiting module delivered to the Oracle HCM Cloud platform. Oracle Talent Acquisition Cloud had more than 5,000 customers in 2021.
5Workday Subscribe Subscribe23.4% SubscribeWorkday Recruiting has over 3,100 customers across the world. Workday Recruiting customers include American Express Global Business Travel, Bank of America, Big Heart Pet Brands, Blackberry Limited, Cornell University, CSGSystems International, Inc., Four Seasons, McKeeFoods, and Noble Corporation.
6ADP Subscribe Subscribe2.4% SubscribeADP provides its services to over 920,000 clients, with over 825,000 of those clients on its latest strategic SaaS cloud solutions
7Upwork Subscribe Subscribe10.5% SubscribeThe pandemic has accelerated the shift toward remote work and has increased the demand for highly skilled freelancers. Upwork was quick to capitalize on the shift, bringing 771,000 clients to its platform today, ranging from small businesses to Fortune 500 companies. In 2021, Upwork launched, a marketplace for shorter-term and simpler projects. Project Catalog serves as a customer acquisition tool for Upwork’s Talent Marketplace as it can cross-sell clients looking to hire skilled professionals for longer-term and complex projects.
8Bullhorn Subscribe Subscribe33.9% SubscribeMore than 11,000 companies rely on Bullhorn’s cloud-based platform to power their staffing processes from start to finish. In 2022, Bullhotn acquired SourceBreaker, a London-based Al-driven search-and-match platform. SourceBreaker was already a partner in Bullhorn Marketplace. The acquisition will expand Bullhorn’s portfolio of solutions for talent engagement across the entire candidate lifecycle, from sourcing to engagement, onboarding and redeployment.
9First Advantage Subscribe Subscribe10.3% SubscribeIn December 2021, First Advantage has completed the acquisitions of Corporate Screening Services, Inc., a healthcare and higher education focused screening and compliance solutions provider headquartered in Cleveland, Ohio, and MultiLatin Advisors, S.A. de C.V, a screening and verifications provider based in Mexico City, Mexico. First Advantage performs screens in over 200 countries and territories on behalf of its more than 30,000 customers.
10UKG Subscribe Subscribe8.6% SubscribeIn Q2 2022, more than 70% of new customers selected the UKG full suite of HR, payroll, and workforce management solutions. UKG welcomed new customers, including Dana-Farber Cancer Institute, M Group Services, Portillo’s, Eventide Senior Living Communities, and the National Hockey League (NHL) team Seattle Kraken and its Climate Pledge Arena. In March 2022, UKG acquired Ascentis, adding 4,800 customers to it’s portfolio.
Subtotal Subscribe Subscribe18.8% Subscribe
Other Subscribe Subscribe19.6% Subscribe
Total88701057219.2%100%

Source: Apps Run The World, September 2022

Other Talent Acquisition software providers included in the report are: Agile-1, Apdata do Brasil, Appcast, Inc, Ascentis, Avature, Avionte Staffing Software, BambooHR, Beekeeper AG, Beeline, Benify, Buck, CareerArc, CareerBuilder, Ceridian, Cornerstone OnDemand, Coupa Software, Entelo, Epicor, Exela Technologies, Inc., Field Nation, Freelancer, Greenhouse Software, Haufe, HealthStream Inc., Hilan, HireRight, HireVue, Infor, iSolved Human Capital Management, Jobvite, Lever, Inc., Modern Hire, mroads, Muse, NEOGOV, P&I Personal & Informatik AG, Paychex, Paycom, Paycor, Paylocity, Phenom, PRO Unlimited, PSI Services LLC, Randstad Sourceright, Roper Technologies, Inc., SHL, SilkRoad, SkillSurvey, SmartRecruiters, softgarden GmbH, Sovren, Sterling Talent Solutions, SumTotal Systems, a Skillsoft Company, talentReef, Textkernel, Radancy (formerly TMP Worldwide), Visma, WalkMe, Workable, Workday, WorkJam, Yello, Yonyou, Zoho Corp., and others.

Custom data cuts related to the Workforce Management Applications market are available:

  • Top Talent Acquisition Applications Vendors and Market Forecast 2021-2026
  • 2021 Talent Acquisition Applications Market By Vertical Market (21 Industry)
  • 2021 Talent Acquisition Applications Market By Country (USA + 45 countries)
  • 2021 Talent Acquisition Applications Market By Region (Americas, EMEA, APAC)
  • 2021 Talent Acquisition Applications Market By Revenue Type (License, Services, Hardware, Support and Maintenance, Cloud)
  • 2021 Talent Acquisition Applications Market By Customer Size (revenue, employee count, asset)
  • 2021 Talent Acquisition Applications Market By Channel (Direct vs Direct)
  • 2021 Talent Acquisition Applications Market By Product

Through our forecast period, the HCM applications market is expected to reach $43.7 billion by 2026, compared with $38.7 billion in 2021 at a compound annual growth rate of 2.5%.

Through our forecast period, the Core HR and Talent Management applications market, which is comprised of nine subsegments, is expected to reach $25.2 billion by 2026, compared with $22.4 billion in 2021 expanding at a compound annual growth rate of 2.3%. For the Top 10 vendors in each of the nine subsegments, please check their own index page by following their link below.

Through our forecast period, the Talent Acquisition applications market, which is comprised of six subsegments, is expected to reach $11.8 billion by 2026, compared with $10.6 billion in 2021 expanding at a compound annual growth rate of 2.2%. For the Top 10 vendors in each of the six subsegments, please check their own index page by following their link below.

Through our forecast period, the Workforce Management applications market, which is comprised of six subsegments, is expected to reach $6.8 billion by 2026, compared with $5.7 billion in 2021 expanding at a compound annual growth rate of 3.4%. For the Top 10 vendors in each of the six subsegments, please check their own index page by following their link below.

Our HCM Top 500 research team also tracks Time Clock Hardware vendors separately by zeroing in on their embedded software as well as their extensive use of OEM and distribution partners.

Exhibit 2: Worldwide HCM Software Market 2021-2026 Forecast, $M

CategoryFunctional Market2021 Revenue, $M2026 Revenue, $MCAGR 2021 – 2026
Core HRCore HR and Personnel Management Subscribe Subscribe2.2%
Payroll Subscribe Subscribe1.7%
Benefits Administration Subscribe Subscribe3.5%
Pension Administration Subscribe Subscribe1.6%
Compliance Subscribe Subscribe3.3%
Performance and Goal Management Subscribe Subscribe2.1%
Learning and Development Subscribe Subscribe2.9%
Succession and Leadership Planning Subscribe Subscribe2.7%
Compensation Management Subscribe Subscribe2.3%
Core HR Total Subscribe Subscribe2.3%
Talent AcquisitionsContingent Labor Management Subscribe Subscribe2.1%
Sourcing Subscribe Subscribe1.3%
Onboarding Subscribe Subscribe2.5%
Recruiting Subscribe Subscribe2%
Candidate Relationship Management Subscribe Subscribe2.6%
Applicant Tracking Systems Subscribe Subscribe2.9%
Talent Acquisitions Total Subscribe Subscribe2.2%
Workforce ManagementAbsence and Leave Management  Subscribe Subscribe4%
Workforce analytics Subscribe Subscribe3.4%
Fatigue Management Subscribe Subscribe5.6%
Workforce Scheduling Subscribe Subscribe2.5%
Task Management Subscribe Subscribe4.6%
Time and Attendance Subscribe Subscribe3.5%
Workforce Total Subscribe Subscribe3.4%
HCM Total Subscribe Subscribe2.5%

Source: Apps Run The World, September 2022

Exhibit 4 shows our projections for the HCM enterprise applications market by HCM sub-segment, based on the buying preferences and the customer propensity to invest in new software within those industries as they continue to upgrade and replace many legacy industry-specific applications that have been identified and tracked in our Buyer Insight Database.

Exhibit 4 - Worldwide HCM Applications Market Forecast 2021-2026, by HR Segment, $M v1
Exhibit 4 – Worldwide HCM Applications Market Forecast 2021-2026, by HR Segment, $M

Core HR Market Definitions and Forecast Assumptions

Human capital management includes such functions as eRecruiting (applicant tracking), Onboarding (employee profile), Performance Management (assessment, goal management, succession planning), Core HR (personnel administration, benefits, compensation management, payroll), Workforce Management (absence management, activity tracking, scheduling, time and attendance), and eLearning (learning management system). For a complete definition, please see below or visit our Taxonomy page.

Drivers behind the growth of Core HR applications market include

  1. As sexual harassment becomes a focal point of social-media conversations, companies may have to step up their internal control measures by investing in new Big Data and social-media monitoring tools in order to respond to such complaints in real-time.
  2. HR policies may have to be revamped in order to be better aligned with corporate social responsibilities, putting the interests of shareholders and public opinions ahead of any star performer.
  3. eLearning could be given a boost in 2020 as part of US government tax reform, resulting in more companies like Apple, Disney and others to invest more in education programs for employees.
  4. Succession planning becomes more important than ever to ensure smooth transitioning from one corporate reporting structure to the next.
  5. Companies, especially those that operate in multiple countries, are searching for a system of record to minimize attrition, groom talented employees, while addressing complicated compliance requirements.
  6. Digital transformation in response to new user demands, market forces.
  7. Restructuring of HR processes to accelerate for next decade.
  8. Heavily modified Core HR systems entail rising costs
  9. Employers are reevaluating the performance management process by giving workers continuous feedback with consistent and transparent metrics

Inhibitors include the following trends that cut across multiple Core HR segments:

  • The rise of robotic process automation, artificial intelligence and machine learning pose challenges for HR executives as hiring and firing decisions may include unintended biases when screening and selecting job applicants or redundancies because of flawed metrics, algorithms and even job descriptions.
  • Potential changes to Affordable Care Act and other key legislations could undermine HCM’s near-term growth. Shifting regulatory and compliance demands prompt stopgap measures.
  • For eLearning vendors, expanding a content library is a challenge. The same applies to fending off the ubiquity of Youtube and Lynda from LinkedIn. The issue is whether users are better off with courseware or do-it-yourself microlearning development tools.
  • Eroding trust in the workplace, lack of employee engagement; Bring Your Own Device trend engenders Core HR system distrust as well.
  • The move toward continuous, ad-hoc and spontaneous feedback process will entail micro services that assimilate project management and team collaboration, requiring HR performance management apps vendors to combine personalized evaluation and unstructured communication. The challenge is to deliver tangible benefits for small work groups, while still using the same metrics to drive process improvement for the entire organization.
  • The push to have continuous feedback and performance management could redefine corporate hierarchy as line managers and team members alike are calling for greater transparency, collaboration and better metrics to evaluate and improve one’s career path, while achieving work-life balance that adapts to the changing demographics.
  • The bottom line is that individual performance will have to be measured as much as that of the team.  Similar to any successful software development, small teams are more effective than large and matrix-reporting hierarchies.

In other words, companies may be better off investing in tools that put more emphasis on team performance than what an individual can bring to the table. With the advent of telecommuting, much of the work is handled by small teams that spread around the world.

The stakes are much higher to sustain a team’s performance by leveraging tools that ensure smooth handoff of project milestones and deliverables from one person to another and even from one day to the next. Communication is the key, so is accountability and trust in the system. All these would require team members to share the workload as well as the reward, recognition and team-wide compensation.

Learning may well be the glue that binds together performance, compensation and competency management, delivering short tutorials and training videos on general topics and industry-specific subjects as in ViDesktop for legal and Arcoro for construction.

For many learning apps vendors, expanding a content library is a challenge. The same applies to fending off the ubiquity of Youtube and Lynda from LinkedIn.

All major HCM vendors including SAP, Infor and Workday have set their sight on Learning as one of their key areas of growth for 2020. The issue is whether users are better off with courseware, do-it-yourself microlearning development tools, or something perhaps more structured and extensible from HCM suite vendors. Another issue is whether the current crop of learning vendors are able to meet training requirements for new jobs like biofuels energy traders or drone operators that barely existed a few years ago.

Talent Acquisition Market Definitions and Forecast Assumptions

Human capital management includes such functions as eRecruiting (applicant tracking), Onboarding (employee profile), Performance Management (assessment, goal management, succession planning), Core HR (personnel administration, benefits, compensation management, payroll), Workforce Management (absence management, activity tracking, scheduling, time and attendance), and eLearning (learning management system). For a complete definition, please see below or visit our Taxonomy page.

Drivers behind the growth of Talent Acquisition applications market include

  1. The onslaught of Google Hire for recruiting, Workplace by Facebook for org-charting and team collaboration, and the addition of LinkedIn to Microsoft’s evolving talent acquisition strategy is a mixed blessing for HCM vendors, resulting in heightened competition as well as partnerships(LinkedIn investing in Cornerstone On Demand). It raises the specter of whether the tech giants will redefine talent acquisition by leveraging their ability to influence billions of users thus expanding the market, or simply using their branding and pricing power to squeeze smaller players.
  2. The prevalence of contingent labor management, which has extended from hourly, seasonal and low-skill contract workers to experienced contractors, could retreat as HR executives grapple with issues such as job insecurity, sluggish wage growth and globalization backlash.
  3. By releasing more detailed reports on use of contingent labor management, companies could benefit from greater transparency.
  4. Contingent labor management vendors will be well served to document successful transfers of statuses from contingent labor to full-time employment. Similarly, any increased demand in the use of contractors should be a harbinger of a more robust economy, resulting in a more balanced and productive workforce.
  5. Aging population, coupled with increased emphasis on work-life balance, will continue to pose challenges for employers and recruiters.
  6. Social recruiting, video interviews and innovative ways to brand a workplace have resonated with a new generation of employees as well as recruiters aiming to take their high-volume recruitment efforts to the mobile generation.
  7. Digital transformation in response to new user demands, market forces.
  8. Restructuring of HR processes to accelerate for next decade.
  9. Heavily modified recruiting systems entail rising costs.

Inhibitors include the following trends that cut across multiple Talent Acquisition segments:

  • The rise of robotic process automation, artificial intelligence and machine learning pose challenges for HR executives as hiring and firing decisions may include unintended biases when screening and selecting job applicants or redundancies because of flawed metrics, algorithms and even job descriptions.
  • Employer branding may fall short of expectations on the parts of recruiters and candidates.
  • Scaling out marketing offerings to enable employers to communicate with salaried and hourly workers across multiple platforms – text, video, chat, email – will be key to long-term success.
  • Expansion by Recruit Holdings and CareerBuilder, which own some of the biggest job boards, could render some Talent Acquisition vendors less relevant.
  • Any change to LinkedIn by its new owner Microsoft to rope off more resume content could have considerable ramifications for the Talent Acquisition market.

Workforce Management Market Definitions and Forecast Assumptions

Human capital management includes such functions as eRecruiting (applicant tracking), Onboarding (employee profile), Performance Management (assessment, goal management, succession planning), Core HR (personnel administration, benefits, compensation management, payroll), Workforce Management (absence management, activity tracking, scheduling, time and attendance), and eLearning (learning management system). For a complete definition, please see below or visit our Taxonomy page.

Drivers behind the growth of Workforce Management applications market include

  1. Artificial intelligence and machine learning to improve scheduling forecasting and workforce analytics
  2. Digital transformation in response to new user demands, market forces
  3. Restructuring of HR processes to accelerate for next decade
  4. Anticipate, execute WFM measures to address human capital risks
  5. Heavily modified WFM systems entail rising costs.
  6. Unbundling of work, requiring better measurement of tasks, risks as well as scheduling and time and attendance.

Inhibitors include the following trends that cut across multiple Workforce Management segments:

  • Online retailing is having considerable impact on brick and mortar operations, which have been one of the biggest spenders of workforce management applications.
  • Growing influence of Amazon and its Cloud infrastructure division AWS is driving a wedge between users that run AWS and those that do not, a move that could benefit AWS competitors.
  • The structural changes to the retail marketplace is likely to redefine task management and other WFM functions as some firms are becoming fulfillment houses, rather than full-service retailers.
  • Time clock hardware not in sync with software release cycles
  • Easy to use reporting tools remain elusive to line of business and HR managers
  • Shifting regulatory and compliance demands prompt stopgap measures
  • Eroding trust in the workplace, lack of employee engagement; Bring Your Own Device trend engenders WFM system distrust as well

HCM Win/Loss Analysis As Part Of Enterprise Applications Buyer Insight Customer Database

On the buyer side, customers are investing in Talent Acquisition systems based on new features and capabilities that are expected to replace their existing legacy systems. In many cases, competitive upgrades and replacements that could have a profound impact on future market-share changes will become more widespread.

Since 2010, our global team of researchers have been studying the patterns of the latest HCM software purchases by customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.

What follows is a sample of our latest findings, which are being updated continuously. Each year our research team identifies tens of thousands of these HCM customer wins and losses from public and proprietary sources.

The research results are being incorporated into regular updates in our Enterprise Applications Buyer Insight Customer Database. You can access the Quarterly Win/Loss Analysis Scoreboard and our Enterprise Applications Buyer Insight Customer Database by becoming a subscriber.

CustomerIndustryEmpl.RevenueCountryVendorNew Product
1-800-FLOWERS.COMRetail4800$2.12BUnited StatesADPADP Recruiting
24 Hour FitnessLeisure and Hospitality25000$1.50BUnited StatesADPADP Recruiting
AdvancedMDProfessional Services685$125.0MUnited StatesADPADP Recruiting
AGL Energy LtdUtilities4186$7.41BAustraliaSAPSAP Fieldglass
Aimbridge HospitalityLeisure and Hospitality3000$6.50BUnited StatesUKGUKG Pro Recruiting (ex UltiPro Recruiting)
Alaska CommunicationsCommunications569$231.0MUnited StatesADPADP Recruiting
AlbertsonsRetail101500$71.89BUnited StatesOracleOracle Recruiting Cloud
ALDI USARetail30000$13.50BUnited StatesUKGUKG Pro Recruiting (ex UltiPro Recruiting)
Alorica PhilippinesProfessional Services38500$1.00BPhilippinesOracleOracle Taleo Onboarding Cloud Service
Alteon Health LLCHealthcare1300$300.0MUnited StatesBullhornBullhorn JobScience
American Airlines Group Inc.Transportation129200$29.88BUnited StatesSAPSAP Fieldglass
American Electric Power Company, Inc.Utilities16688$16.79BUnited StatesSAPSAP Fieldglass
American Signature, Inc.Retail4000$920.0MUnited StatesUKGUKG Ready Talent Acquisition (ex Kronos Workforce Ready Talent Acquisition)
AmeriHealth CaritasLeisure and Hospitality6000$6.54BUnited StatesFirst AdvantageFirst Advantage
Andreson HospitalHealthcare1800$154.0MUnited StatesADPADP Screening and Selection
AXA GroupInsurance106128$138.96BFranceOracleOracle Taleo Cloud Service
BMW GroupAutomotive118909$131.49BGermanySAPSAP SuccessFactors Recruiting Management
BT Global ServicesCommunications102037$28.99BUnited KingdomSAPSAP Fieldglass
Cargill, Incorporated.Consumer Packaged Goods155000$134.40BUnited StatesMicrosoftLinkedIn Recruiter
Cargill, Incorporated.Consumer Packaged Goods155000$134.40BUnited StatesSAPSAP SuccessFactors Recruiting Management
Carnival plcProfessional Services120000$15.71BUnited KingdomOracleOracle Recruiting Cloud
Chevron CorporationOil, Gas and Chemicals42595$155.61BUnited StatesSAPSAP SuccessFactors Recruiting Management
Chia Tai CompanyConsumer Packaged Goods1300$150.0MThailandOracleOracle Recruiting Cloud
Citigroup Inc.Banking and Financial Services231000$71.90BUnited StatesFirst AdvantageFirst Advantage
ComcastMedia189000$116.39BUnited StatesWorkdayWorkday Recruiting
Corporation Service CompanyProfessional Services2500$400.0MUnited StatesOracleOracle Recruiting Cloud
Crown Castle International Corp.Banking and Financial Services5000$6.34BUnited StatesUKGUKG Pro Recruiting (ex UltiPro Recruiting)
C-Suite PartnersHealthcare400$100.0MAustraliaBullhornBullhorn JobScience
CVS Health CorporationHealthcare216000$292.11BUnited StatesMicrosoftLinkedIn Recruiter
DellProfessional Services175500$101.60BUnited StatesMicrosoftLinkedIn Recruiter
DellProfessional Services175500$101.60BUnited StatesWorkdayWorkday Recruiting
Deutsche Bank UKBanking and Financial Services7341$4.17BUnited KingdomFirst AdvantageFirst Advantage
Dollar General CorporationRetail163000$34.22BUnited StatesiCIMSiCIMS Recruit Applicant Tracking System
Downstream Casino ResortLeisure and Hospitality1200$300.0MUnited StatesUKGUKG Ready Talent Acquisition (ex Kronos Workforce Ready Talent Acquisition)
Energy Transfer Equity, L.P.Oil, Gas and Chemicals12558$67.40BUnited StatesOracleOracle Taleo Cloud Service
EtisalatCommunications40000$14.27BUnited Arab EmiratesMicrosoftLinkedIn Talent Solutions
Exxon Mobil CorporationOil, Gas and Chemicals63000$309.27BUnited StatesSAPSAP SuccessFactors Recruiting Management
Ford Motor CompanyAutomotive183000$136.00BUnited StatesMicrosoftLinkedIn Recruiter
Ford Motor CompanyAutomotive183000$136.00BUnited StatesSAPSAP SuccessFactors Recruiting Management
Gainesville Regional UtilitiesLife Sciences110000$49.90BUnited StatesiCIMSiCIMS Recruit Applicant Tracking System
General Motors CompanyAutomotive157000$127.00BUnited StatesMicrosoftLinkedIn Recruiter
Gilead Sciences, Inc.Life Sciences11800$22.45BUnited StatesFirst AdvantageFirst Advantage
Intel CorporationProfessional Services122900$79.02BUnited StatesWorkdayWorkday Recruiting
JPMorgan Chase & Co.Banking and Financial Services278494$121.69BUnited StatesMicrosoftLinkedIn Recruiter
JPMorgan Chase & Co.Banking and Financial Services278494$121.69BUnited StatesOracleOracle Recruiting Cloud
Kelly Services, Inc.Professional Services7400$4.91BUnited StatesFirst AdvantageFirst Advantage
Kings Island Amusement ParkLeisure and Hospitality2000$200.0MUnited StatesiCIMSiCIMS Onboarding
Liberty MutualInsurance113000$43.80BUnited StatesiCIMSiCIMS Recruit Applicant Tracking System
Marathon Petroleum CorporationOil, Gas and Chemicals17700$119.98BUnited StatesWorkdayWorkday Onboarding
McKesson CorporationHealthcare58000$263.97BUnited StatesMicrosoftLinkedIn Recruiter
MedRiskHealthcare1200$500.0MUnited StatesADPADP Onboarding
Microsoft CorporationProfessional Services221000$198.27BUnited StatesiCIMSiCIMS Recruit Applicant Tracking System
Murphy USA Inc.Retail6245$15.30BUnited StatesUKGUKG Pro Recruiting (ex UltiPro Recruiting)
Novartis AGLife Sciences110000$49.90BSwitzerlandiCIMSiCIMS Recruit Applicant Tracking System
NTN Bearing CorporationAutomotive24000$62.00BUnited StatesOracleOracle Taleo Cloud Service
Public Health SolutionsHealthcare800$300.0MUnited StatesADPADP Screening and Selection
Republic National Distributing CompanyDistribution13000$12.00BUnited StatesUKGUKG Pro Recruiting (ex UltiPro Recruiting)
Retail Project Managers, Inc.Professional Services2145$1.00BUnited StatesADPADP WorkMarket
SAIC MotorAutomotive217511$135.20BChinaOracleOracle Taleo Cloud Service
Sarina Russo GroupProfessional Services1000$145.0MAustraliaBullhornBullhorn JobScience
SnellingProfessional Services2000$230.0MUnited StatesBullhornBullhorn JobScience
St Joseph’s Healthcare HamiltonHealthcare2000$644.0MCanadaOracleOracle Taleo Onboarding Cloud Service
St. Peter’s HealthHealthcare1700$157.0MUnited StatesBullhornBullhorn JobScience
State Farm Insurance Cos.Insurance57672$82.20BUnited StatesiCIMSiCIMS Recruit Applicant Tracking System
Taiwan SemiconductorManufacturing54193$61.91BTaiwanOracleOracle Taleo Cloud Service
Target CorporationRetail450000$106.98BUnited StatesWorkdayWorkday Recruiting
Teach for AmericaNon Profit2000$330.0MUnited StatesBullhornBullhorn JobScience
The Goldman Sachs Group, Inc.Banking and Financial Services45100$59.00BUnited StatesiCIMSiCIMS Recruit Applicant Tracking System
The Home Depot, Inc.Retail500000$151.16BUnited StatesWorkdayWorkday Onboarding
The Kroger CompanyRetail500000$137.89BUnited StatesSAPSAP SuccessFactors Recruiting Management
Toyota MotorAutomotive372817$272.62BJapaniCIMSiCIMS Recruit Applicant Tracking System
UniperUtilities11319$240.77BGermanySAPSAP SuccessFactors Recruiting Management
USMM, U.S. Medical ManagementHealthcare2000$120.0MUnited StatesADPADP Screening and Selection
Walgreens Boots Alliance, IncRetail315000$135.95BUnited StatesMicrosoftLinkedIn Recruiter
WalmartRetail2300000$572.75BUnited StatesWorkdayWorkday Recruiting
Wells Fargo & CompanyBanking and Financial Services246577$81.75BUnited StatesWorkdayWorkday Recruiting
WESCO International, Inc.Distribution18000$18.22BUnited StatesOracleOracle Recruiting Cloud
XiaomiManufacturing16911$22.34BChinaMicrosoftLinkedIn Talent Solutions

Source: Apps Run The World, September 2022

Further Readings

The HCM Top 500 report series covers more than 3,000 pages of content, make sure you don’t miss any of the 500+ profiles by becoming a subscriber. Or you can catch the highlights with the following links:

Methodology

Similar to any of the hundreds of reports that we have published since 2010, HCM Top 500 is a labor of love. Since 2013, our team of researchers have been conducting rigorous research on thousands of HCM vendors, surveying them quarterly, reviewing their products at even shorter intervals because of the compressed Cloud release cycle, and discussing HR vision with their customers to better understand user needs as well as different paths to upgrade and replace their existing systems.

Each year we also attend many industry-wide and vendor-specific user conferences – HR Tech, Dreamforce, SAPPHIRENOW, Oracle Open World, just to name a few, to gauge what customers are looking for.

Throughout this process comes a rich database of more than 2,000 HCM vendors as well as over 50,000 HCM customers that have been touched one form or another through regular surveys, phone and in-person interviews, email exchanges, and social media interactions, etc.

On a proactively basis, we contact the vendors directly to tabulate their latest quarterly and annual revenues by HCM segment, vertical market, revenue type, region, country and customer size.

We supplement their written responses with our own primary research to determine quarterly and yearly growth rates in each of the 22 segments and 21 verticals, in addition to customer wins to ascertain whether these are net new purchases or expansions of existing implementations.

Another dimension of our quantitative research process is through continuous improvement of our customer database, which stores more than one million records on the enterprise software landscape of over 100,000 organizations around the world.

The database provides customer insight and contextual information on what types of HCM, enterprise software systems and other relevant technologies are they running and their propensity to invest further with their current or new suppliers as part of their overall HCM and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.

The result is a combination of supply-side data and demand-generation customer insight that allows our clients to better position themselves in anticipation of the next wave that will reshape the HCM marketplace for years to come.

HCM Market Taxonomy

From hire to retire, HCM continuum extends across 22 markets, 21 verticals
From hire to retire, HCM continuum extends across 22 markets, 21 verticals

Definition of Human Capital Management (HCM) Applications

Core HR and Performance Management
Core HR and Performance ManagementDescription
Personnel and Organization ManagementCore human resource management system, personnel records, HR master file, accruals, organizational development, org chart visualization
PayrollPayroll processing, tax filing, language support, country-level updates, payslip calculations, automatic deductions and other government requirements for proper disbursement of employee compensation.
Benefits AdministrationBenefits and health administration. Plan and design benefits lifecycle, billing and payment. Carrier solutions are also included for integration purposes.
Pension AdministrationPension and retirement fund(401K) administration as well as software that helps manage profit sharing plan, defined benefit plan, or cash balance plan.
ComplianceCompliance, regulatory updates and reporting including such laws as Affordable Care Act, Overtime Regulations, Fair Labor Standards Act
Performance and Goal ManagementHR performance management applications are designed to automate the aggregation and delivery of information pertinent to the linking of job roles and the mission and goals of the organization. More specifically, the system allows users to automate the performance review process by using mechanisms such as training and key performance indicators to continuously track and monitor the progress of an individual employee, work team, and division. Some of the key features include: Assessment of individual career objectives and organizational skills gaps that impede performance and job advancement. Continuous reviews and establishing milestones. 360-degree evaluation and real-time feedback. Performance appraisal automation. Goal setting and tracking. Employee surveys. Alignment of human assets to corporate objectives. Fast tracks for top performers.
Learning and DevelopmentLearning management systems refer to applications that automate the administration, tracking, and reporting of training events. Other tools may include courseware and other delivery, management, tracking, or integrated solutions whose focus is on the learning environment, including learning content management systems. Career development tools include apps for coaching, mentoring, employee development planning, and diagnosing of development needs.
Succession and Leadership PlanningIdentify and address current and potential talent gaps to create succession management reporting. Develop and maintain a continuous supply of internal talent to fill critical job roles. Improve employee engagement through digital tools to advance career path development opportunities.
Compensation ManagementCompensation management applications are designed to automate the process of providing cash, noncash, variable and nonvariable compensation to employees through advanced modeling, reporting, and built-in interfacing to payroll processing systems. Other key features include seamlessly manage compensation budgets and allocation in a single, shared tool. Streamline pay recommendation workflows and approvals. Support multiple pay and incentive practices. Ensure budget compliance and adherence to compensation guidelines. Quota and territory management. Calculation and distribution of commissions, spiffs, royalties, incentives to employees, and channel and business partners. Compensation analysis using internal and external data for retention risk analysis. Linking salary, commission and incentives — cash and noncash — to business objectives. Payroll and payment engine interfaces. Account payables integration.
Talent Acquisition 
Talent AcquisitionDescription
Applicant TrackingApplicant tracking software automates such functions as management of resumes, applicant information, scoring, workflow, matching, search, interview scheduling, job descriptions, EEOC reporting, job postings and notifications
RecruitingRecruiting applications are designed to automate the recruitment process of salaried and hourly employees through screening and skills assessment, as well as automated selection processes to improve hiring pipeline by identifying talent inside or outside the organization. Other key features include: Manage skills inventories. Create and manage job requisitions. Coordinate team collaboration within hiring processes. Video Interviewing, team building and digital coaching.
Attract And Engage (Marketing)Applications designed to attract and engage candidates and employees. Other tasks automate functions such as candidate relationship management apps, career site technology, social recruiting, employee referrals, branding, video engagement, campus recruiting and internal hiring
Contingent Labor ManagementProcessing of hiring of contingent labor, search, skills matching, assessment, interview scheduling, negotiation of rates, approvals, project milestone payments, project completion tracking, performance ratings
SourcingFacilitate resource planning for staffing firms as well as vendor managed system, allowing for front office integration for employment agencies as well as talent acquisition apps designed for staffing firms.
OnboardingApplications designed to deploy workers to appropriate jobs, projects, or teams for accelerated on-boarding.
Workforce Management
Workforce ManagementDescription
Absence and Leave ManagementAbsence management applications offer automated features to support employee leave management, employer authorized leave, Short-Term-Disability/Workers’ Comp coordination, federal and state compliance, customized leave correspondence, medical certification processing, insurance premium payment tracking as well as employee self-service capabilities. Leave Management supports compliance activities related to government regulations such as the Family and Medical Leave Act in the United States and other local leave laws in different countries.
Workforce analyticsWorkforce analytics are used to analyze compensation, benefits, and other employee variables. These applications can also be used to analyze and optimize labor allocation for particular projects.
Fatigue ManagementFatigue Management apps help automate key facets of fatigue risk mitigation, enforcing employee work-hour limits and aligning with fitness for duty best practices. Similar apps may act as electronic work diaries for real-time reporting and compliance with transportation laws.
Hardware (Time Clock)Time capture is the hardware platform that provides authentication features for clock-in and clock-out times, meal and rest breaks, as well as timesheet and payroll reporting and compliance.
SchedulingProducts are designed to Increase forecasting accuracy by factoring in a variety of methods and historical patterns. Create optimal schedules to meet customer demands, while reducing costs and maximizing resources
Task ManagementTask Management offers labor management capabilities such as task-based and project-based activity tracking as well as measurement and reporting functions against performance standards like engineered labor standards, team standards and reflective standards.
Time & AttendanceTime and Attendance applications are designed to automate employee time tracking in different locations, help reduce overtime expenses, improve payroll accuracy, eliminate pay errors and adjustments, along with the need to simplify and optimize administrative tasks and complex rate calculations by making available accurate and current labor data and full audit trail of payroll data.