technology
Keeping Up with the
Joneses in the HR Tech
By Raj Sheth
WHAT’S BEST FOR
YOUR ORGANIZATION?
VLADGRIN / Shutterstock
Recruiters and HR professionals alike find
that their technology quickly becomes
outdated. According to a research report
published by Bersin earlier this year, about
57 per cent of companies are planning to make a
big HR software purchase in the next year and a
half, but the already booming HR technology in-dustry
is only going to get bigger – and for good
reason.
The recent developments in HR tech proved
extremely efficient and cost-effective. As tech-nology
improves, the standards in HR change,
and yet, the average HR management system
(HRMS) in large companies is over five years old
(according to the same research report by Bersin).
When considering all that occurred in HR technol-ogy
in the last five years, it’s easy to see why everyone
feels ready for an upgrade. This HR technology boom
makes it difficult to keep up with the others in the HR tech
arms race, especially when the pressure to upgrade gets tougher
with every new technology.
THE BUDGET CRISIS
Of course, the matter of new technology in any department often
comes back to budget issues. Pricing and cost can be a roadblock;
whether an organization feels stuck with outdated or subpar
software or if it simply wants to implement some type of HR tech-nology,
budget becomes a cause for concern.
Approaching management for anything new seems intimidat-ing,
and the word “software” instantly evokes the image of dollar
signs. Budgets always err to the tight side, but budgets get imple-mented
for future use. When it comes to HR technology, a budget
may or may not work, but if management remains unaware of
HRPATODAY.CA ❚ MAY/JUNE 2014 ❚ 65