An economic downturn can spell trouble for the HR tech market, especially for startups. But it’s a reality that users say they prepare for, and it starts with a thorough assessment of a vendor’s financial health.
“There’s so much money going into HR tech,” said Loren Shuster, chief people officer and head of corporate affairs at the Lego Group. “I can’t begin to tell you how many emails I get from different vendors with a lot of interesting solutions.”
