In case you have not attended HRTech before and are wondering why all the news and fuss, check out this brief primer on the benefits and ROI for implementing HR technology for small and medium businesses and read more about the world’s largest human resource technology conference.
While the conference attracts a plethora of organizations of all sizes, for small and middle-market firms, the availability of HR technology that fits their needs is readily available for preview and demo.
Today, most organizations have a combination of multiple providers and software implemented, but are not yet realizing the value of an integrated HCM or Talent Management platform that meets all their needs.
For detailed assessment of the HR options, including HR selection criteria and comparison, look at numerous reports from analysts and research groups like The Bersin Group, HRrchitect, Gartner, Knowledge Infusion, and Cedar Crestone. And numerous HR technology implementation firms . . . (email me and I can send you a complete list) are more than happy to make a recommendation as well :)
While the evolution of technology continues to impress (read the hottest trends in HR technology from Bill Kutik), I am still amazed that the plethora of mid-market executives that have not yet made the business case for evolving and/or implementing workforce management for their organizations.
For mid-market companies, the business case for HR technology workforce management includes the following key benefits:
#1. Drive Workforce Productivity for employees, managers / supervisors, and HR professionals via self-service and other amazing features.
#2. Transactional and event processing cost savings:
#3. Additional cost savings centered around improved labor costs management and productivity improvements:
Regardless of all the good intentions, the majority of organizations first implement HR technology for compliance (#4) including standardization, documentation, risk mitigation , and expertise support (based on Ephor’s portfolio clients implementation of hundreds of solutions over the past decade).
As these organizations expand and grow, their needs become more complex and the majority of professionals implement HR technology to streamline functions and processes, improve administration, provide self-service features and functionality, and to automate as much as humanly possible with the current technology that exists at the time (and it’s always advancing!).
The landscape today is comprised of hundreds of solution providers ranging from “one-stop shopping” end-to-end solution providers to best-of-breed point solutions, to industry focused niche solution providers. It is still a very crowded market, but differentiated “up and coming” brands or market leaders have the predominant market share. Whether you believe all the HR hype; the bottom-line is that for solution providers that demonstrate a genuine understanding of their clients’ business including their industry, pressures, drivers will win.
Let’s meet up at HRTech, drop us an email @
ephor at ephorgroup.com