Wednesday, March 7, 2012

The continued growth of web-based and web-enabled HR software and systems, which includes:
  • SaaS / Cloud computing - fully online HR software
  • Hosted or combined online / on-premise HR software services and systems
  • Web services, web support
  • ESS (Employee Self Service), MSS (Manager Self Service), e-recruitment, e-learning integrated within HR software
  • Web interfaces eg from time and attendance, e-expenses
  • Dashboards, improved reporting, analytics and business intelligence
  • Workflow functionality integrated within HR software
  • Automation of HR processes

Non-web HR software trends - continued growth of:
  • Increasing functionality / core features within HR software
  • Integration of HR software with Payroll software
  • Integration with other HR associated modules eg Recruitment, Time and Attendance / Workforce Management, Absence Management, Talent Management, Training, Expenses
  • Scalability. HR software that was available for larger organisations, being redesigned to be suitable for SME businesses. And HR software that was suitable for SME businesses increasing in functionality to be suitable for larger size organisations.
  • Globalisation with HR software capable of supporting employees in multiple countries
  • Reducing HR costs by extending the use of technology eg e-recruitment, e-learning
  • Businesses extending their existing HR software by adding new modules / functionality
  • The strategic role for the HR department, as it divests itself of routine HR administrative tasks

HR software market trends - continued growth of:
  • New HR software vendors entering the market
  • Competition, especially in the mid-range HR software, performance and talent management sectors
  • Vendor consolidation and integration of vendor HR software solutions