HR Tech 2022 Recap: A Rising Tide Lifts All Ships

After attending the international HR Tech Conference in Las Vegas this past year, we wanted to share our thoughts and what caught our eye in the expo hall this year

Brett Ungashick
OutSail HRIS Advisor
July 4, 2023
user comparing HRIS systems

The HR Tech Conference had what seemed to be its most successful year ever in 2022. There was a palpable energy and excitement from the attendees, most of whom had to miss the past two years due to the coronavirus.

With so many people back under one roof again, there was much to discuss and many trends to pick up on. Here are a few of the topics that we came away thinking about

Rising Tide

HR Tech has been on the rise for years, but the growth trajectory dramatically accelerated during the pandemic. Without in-person work environments, companies became much more reliant on digital employee files, cloud-based technology systems and tools that could support productive and engaged employees.

Investment by venture capital firms into the private HR Tech sector went through the roof over the last 24 months and the publicly traded HR tech platforms continue to outperform their peer groups.

With all of this money pouring into the industry, it is no surprise to see such exuberance at the industry's main event. Most of the software companies are growing rapidly, adding customers and seeing their team's balloon.

One of the common challenges being discussed at this year's event was simply not having enough bandwidth to implement and service all of the new customers.

This rising tide is lifting all boats in the HR Tech industry and creating new opportunities for businesses of all shapes and sizes.

Less Global

The biggest takeaway from HR Tech 2021 was the rise of the global employment providers. Vendors like Deel, Papaya Global and Velocity Global all made their first major appearance at the conference which was a sign of all of the success they had experienced during the pandemic.

Fast forward a year and some of that momentum has been taken out of the sails of the global payroll and global EOR vendors. Many of those companies relied on high-growth tech companies to buy their products but the economic slowdowns and venture capital cool off has made it so these customer bases are less cash-rich.

Still, it was a bit surprising to see that the only major vendor with a large presence at the event was a relative upstart called Atlas.


One of the benefits of the rising tide in HR Tech was that it was very easy for companies to raise new rounds of venture capital funding every 9-15 months. Now that markets are starting to cool off, however, we are seeing some companies face bigger challenges.

Companies that took on a lot of venture capital debt, but were unable to find sufficient traction during the upswing will be under immense pressure to find a buyer over the next year.

The Namely acquisition was announced right before the show started, but I have a feeling that won't be the only major transaction we see before HR Tech 2023

2024 HRIS 
Landscape Report
Read OutSail's 2024 HRIS Report with write-ups on 30+ leading vendors
Thank you! You can download your report at this link
Oops! Something went wrong while submitting the form.
Unsure about your software needs?
Use our HRIS Requirements Builder to quickly identify your must-have & nice-to-haves
Brett Ungashick
OutSail HRIS Advisor
Accelerate your HRIS selection process with free support
Thank you! Our team will reach out to you shortly
Oops! Something went wrong while submitting the form.

Meet the Author

Brett Ungashick
OutSail HRIS Advisor
Brett Ungashick, the friendly face behind OutSail, started his career at LinkedIn, selling HR software. This experience sparked an idea, leading him to create OutSail in 2018. Based in Denver, OutSail simplifies the HR software selection process, and Brett's hands-on approach has already helped over 1,000 companies, including SalesLoft, Hudl and DoorDash. He's a go-to guy for all things HR Tech, supporting companies in every industry and across 20+ countries. When he's not demystifying HR tech, you'll find Brett enjoying a round of golf or skiing down Colorado's slopes, always happy to chat about work or play.


Everything you need to know about OutSail
What is OutSail?
OutSail is the first-ever broker of HR Software. We offer market insights, evaluation tools & advisory services to help organizations research, evaluate and select the right HR software. And best of all - OutSail is free!
How is OutSail free?
OutSail is free due to our one-of-a-kind software broker model. When a company makes a purchase through OutSail, the winning vendor owes us a small fee for making the introduction.

No Hidden Fees - You don't pay for our services and the vendors don't pass our costs along either
Vendor Agnostic - OutSail partners with 220+ HR Tech vendors including every market leader
What are the benefits of OutSail?
1.) Market Insights: Access the industry's most trusted data. Read user reviews of every leading HRIS vendor. Access verified pricing data. Use proprietary tools to sort & filter by your selection criteria.
2.) Evaluation Tools: Access to project plans & timelines. Customize your own scorecard tools. Leverage expert-generated demo questions. Collaborate with your team
3.) Advisory Services: Work with HRIS industry experts. Assistance during proposal review and guidance for negotiations. Implementation readiness
What if I'm a broker, consultant or vendor?
We love partnering with brokers & consultants and bringing innovative vendors to our customers. Follow those links to learn more about how we can partner together and bring OutSail's benefits to your customers.

The Future of Software Buying

See why modern buyers prefer OutSail's broker model when buying their next HRIS