Wednesday, October 6, 2010

HR Software

The evolving needs of human resource management systems (HRMS) can make achieving success feel like a challenge and even a moving target. As businesses mature, more HR data is needed, more business process integration is required, and HR software changes become inevitable. HR software system community members have found processes that have proven to be effective and successful; learning lessons, reducing risk, and creating best practices along the way. This HR system channel was designed to advance the knowledge and those solutions that have truly worked.

A few new solutions worth a look.

Workday has become a leader in HR Software-as-a-Service (SaaS). With a growing revenue base, leading edge technology, and global reach, this emerging growth company is looking to become a top HR software competitor.

The Kronos Workforce Central Suite is a combination HR software and Talent Management software offering that is gaining popularity and adoption for the Time & Attendance giant. The biggest factor creating change in the new HR software market leaders is the cloud, or more specifically using Software as a Service (SaaS) delivery to lower costs, speed deployment and deliver more HR and business agility.

With the growing popularity of Software-as-a-Service, it would seem a decision to implement on-demand HR solutions would be straightforward. However, our Special Report finds that there are both positives and negatives to HR SaaS; and determining whether this solution is right for your organization is anything but simple. With insights drawn from countless researchers at Deloitte, Gartner, Forrester, Constellation Research, Grant Thornton, and more, this paper analyzes the risks and rewards of opting for the Software-as-a-Service HR delivery model, and draws a conclusion that may surprise you.

HR software systems are changing thanks to innovation, competition, and more customers seeking fully integrated software suites. These factors are altering the HR software market landscape and leading to a host of merger and acquisition activities.