Towers
Watson’s 2015 HR Service Delivery and Technology Survey found that 12% of those
expecting to increase their HR spend will do so by more than a fifth.
The
number of employees expecting to replace their core HR system entirely is at an
all-time high, with 30% saying they are planning to do so. In addition, 40% of
companies globally plan to replace their existing on-premise HR system with software
as a service solution.
Organizations
are also rethinking their HR operating models, with 40% globally saying they
are looking to change their HR structure in 2015 or 2016.
Mobile
technology is becoming more pervasive, with 61% planning to use mobile
technology in 2015, up from 46% in 2014.
However,
despite this increased interest in technology, many companies are still using
paper-based methods. More than a third (39%) of businesses are using
paper-based systems to process new starters and 47% use paper for their
compensation activities.
Towers
Watson EMEA leader of its HR service delivery practice Tim Richard said he
expected the use of paper systems to “significantly decline” over the next few
years, but added that “the extent to which legacy paper systems prevail is
startling”.
He
said there is also a move towards IT systems that deal with every area of HR.
“While
in the past companies have mostly invested in separate technology for talent,
compensation and performance management, there has been a dramatic shift to
investing in an overarching IT system with the functionality to take care of
all of these areas,” he said. “Many organisations are now looking at
cloud-based solutions to replace traditional HR platforms.”
Sources: hrmagazine.co.uk