Have you defined your HR Technology Strategy?

Are you aware about the Technology Predictions for HR?

Prediction #1: More investment in Software as a Service (SaaS)

Prediction #2: The rise of HR master data management

Prediction #3: HR will assume a strategic stance

Prediction #4: Social performance management to edge out the annual review

Prediction #5: More focus on engagement

SCMA - Social, Cloud, Mobile, Analytics and other technologies are fundamentally changing the human resource practices as companies strive to become more efficient. The business wants more from HR systems, but “more” has to be delivered at an acceptable cost within an overall business model.

Technology allows HR to automate processes and eliminate many of the more labour-intensive transactional and administrative processes that have burdened HR professionals for years. The transformation of HR service delivery requires a fundamental change in the way HR professionals view their roles.

HR has to evolve into a more technology-based profession because organizations need to:

v  Streamline and automate HR processes, workflows and reduce administrative burdens.

v  Ensure standardization and uniformity

v  Reduce HR administration and compliance costs.

v  Compete more effectively for talent.

v  Improve service and access to data for employees and managers.

v  Provide real-time metrics to allow decision-makers to spot trends and manage the workforce more effectively.

v  Enable HR to transform so it can play a more strategic role in the business.

 

Today, Human resource management is evolving into a more technology-based profession. But is that enough?

Its time HR defines an explicit HR Technology strategy. This will help organizations to determine how to use technology to transform their HR practices and market their HR brand.

Setting an HR technology strategy is futile if the strategy cannot be effectively executed. However, that’s not the case anymore. The software to tie it all together and draw meaningful conclusions is now available. The remaining question - Are we ready to use it?

Look forward to hear your views.