HR Software Increases Business Productivity by Over 20%

Zeus, a company focused on human capital management (HCM) solutions in Mexico, has announced that its software can increase the productivity of companies by more than 20%. These findings are based on internal studies and analysis carried out by the company and its Founder and CEO, Guillermo Simonini.

According to Mordor Intelligence, the global HCM market is experiencing significant growth, enjoying a market volume of nearly US$25 billion and is expected to grow to about US$36 billion by 2029. In 2021, the HCM industry received US$12.3 billion in venture capital investments, and the sector's revenues exceeded US$22.4 billion in 2022, reflecting a growth of 11.7%, according to Gartner.

Simonini attributed part of this growth to enterprise resource planning (ERP) software, such as SAP or Oracle. However, he emphasized the distinction between an ERP and a HCM system, with the former transversal to the management of the entire company and the latter focused on talent or human capital. 

"These tools allow for greater efficiency and traceability in processes related to human resources, which translates into a significant increase in productivity," said Simonini. "The use of human capital management software can lead to a 22% increase in the productivity of companies." 

The adoption of HCM software in Mexico, according to Zeus, is in its initial phase among small and medium-sized companies, whereas the larger business sector it is already in an intermediate stage of implementation. Simonini emphasizes that the key is the effective use of information to achieve full 360-degree visibility and detailed traceability, factors that are crucial to improving operational efficiency and productivity.

 n the context of this apparent market demand, the company is confident in its ability to capture 5% of the Mexican market by the end of 2024, for which it will invest MX$100 million (around US$5.9 million). It did not specify the areas where the investment will be earmarked. The main focus will continue to be on the domestic market, with a strategy that prioritizes local consolidation before considering international expansion, which could begin after the second half of 2025.