Organizations often cite the following five reasons for seeking new HRMS[2]:
This desire for change and upgraded technology presents businesses with overwhelming options in a swiftly expanding market. There are both integrated suites with sweeping functionality and best-of-breed platforms for extremely specific tasks. This guide examines the three developing categories of HRMS based on features and business function, as well as prominent vendors, and progressive trends.
According to IDG Connect, almost half of companies surveyed have already migrated to cloud-based solutions. Of the companies who haven’t already moved away from on premise HR, 56 percent planned to migrate to cloud solutions within a year. Contributing factors to the switch include:
Additionally, over half of respondents suggested their desire to change systems was driven by competitors who already had cloud HR solutions.