In this edition of Founder’s Q4 2023 Human Capital Management Market Insights, our team provides keen insights from the marketplace from Q4 of 2023. In North America, M&A activity had a stronger uptick than the global market, as total deal value increased by 35.9% from Q3 and 17.8% year-over-year. For the year, total deal count declined 11% due to higher interest rates and economic uncertainty for much of the year.

Our update also includes insights into:

• Labor Market Insights & Macro Trends
• HCM Market Insights and M&A Trends
• North American Transaction Data
• An opportunity to take our Investment Grade Assessment (Access Code: IGA_NE)
• Notable HCM Private Equity Platforms and Add-On Activity
• Historical Public Valuations by Segment

If you or someone you know have questions regarding anything discussed, or the general HCM marketplace, please feel free to reach out to Neal England, Managing Director and leader of Founders’ Business Services Practice.