We ran a series on human resources management systems last summer, asking, Does your company use an HRMS? and Do you track any HR metrics? From the responses, it seems like a lot—maybe even a surprising amount—of small and medium organizations are using HRMS, and most of them are finding that it makes their work easier. But nearly twice as many haven’t made the leap, although quite a few are on the fence.
A software industry analyst called Software Advice has been watching the HRMS market for some time and has discerned some trends. With the economy recovering from recession, organizations are focusing on core HR concerns, such as strategic hiring and productivity. As a result, they’ll invest in technologies that help in these areas, particularly if they “offer an immediate return on investment or meet some compelling management or regulatory need”.
Take a look at Software Advice’s 2011 Human Resources Information Systems Market Trends. And while you’re at it, answer their brief survey on when your organization might upgrade its HR systems. Expect more details with the release of the survey results.
First Reference isn’t just a disinterested observer. Our entry into the HRMS market with HRtrack means we too want to know what consumers are thinking, and what we can do to make HRtrack make your work easier. You can try it free for 60 days, too!
First Reference Internal Controls, Human Resources and Compliance Editor