Solar Staff entered the top 3 HR Tech companies in Russia: together with HH.ru and Avito Rabota

Smart Ranking has summed up the results of the year in Russian HRTech: the total revenue of the top 80 companies in this sector increased by 49% compared to last year — and amounted to 78 billion rubles.

The top 10 companies in Russian HRTech according to Smart Ranking are as follows:

The agency cites the shortage of personnel among the main drivers of market development: in 2023, it amounted to 4.8 million people. This situation has a positive effect on the business of companies that recruit personnel and provide tools for working with alternatively employed freelancers.

The main trends in the Smart Ranking market include:

• A decrease in investor interest in the industry: funding fell to $2.15 million, which is the most modest result over the past 7 years.
• Increased demand for automation in HR, including from small and medium-sized businesses.
• High demand for business process automation, which generates an increased supply of low-code and no-code tools.
• The spread of AI technologies.
• The proven effectiveness of offline events as promotion tools.

Read the full report with participants' comments at Smart Ranking website.