MAY 2016HR TECH OUTLOOK6While cloud gets a lot of attention in the C-suite for its ability to reduce costs, imbibe flexibility, and bring agility to an organization, the value it gives for HR goes beyond just cost savings. It can facilitate organizational transformation by simplifying everyday processes, increasing workforce performance, and creating a greater strategic advantage.It is now imperative for the HR departments to overhaul their legacy systems with new cloud-based technologies. Moving everything--from onboarding to attendance to payroll--to the cloud can significantly improve HR productivity. While recruiters rely on different software and processes to hire talent, they are all prone to human errors and fall short of the mark, leading to poor hiring decisions. Cloud solutions have the power to change that. For instance, instead of bringing paperwork and emails into the equation, applicants can submit their resumes online and using analytics, recruiters can assess their potential. That is just the tip of the iceberg; the potential advantages of leveraging cloud and the resulting growth in employee data that can be used for analytics are enormous.The other side of the hiring coin is retaining and engaging the workforce. With reports indicating that only 30 percent of the working population is fully engaged, costing the U.S. between $450 billion and $550 billion per year, businesses need to rethink their approach and incorporate innovative tools for employee engagement. Cloud applications can help spur employee engagement and higher job satisfaction and create a workforce that is immersed in an organization's goals.As cloud opens the door to numerous opportunities that drive revenue and improve efficiency, this shift can also pose operations and change management challenges. The HR landscape is witnessing a surge in technology solutions providers heeding to the calls of businesses to infuse cloud into existing operations. In the wake of such developments, HR Tech Outlook presents its edition on Cloud Solutions Providers, featuring insights from industry thought-leaders and showcasing innovative technologies.We hope this edition of HR Tech Outlook catalyzes your transition to the cloud. Let us know your thoughts.The Next Phase of HR TransformationHanna WilsonManaging Editoreditor@hrtechoutlook.comMAY - 2016Cloud SpecialMailing AddressValleyMedia, Inc.44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:+1 (510) 509-1655 HR TECH OUTLOOKMAY - 2016, Volume 02, Issue 04 Published by ValleyMedia, Inc. To subscribe to HR Tech OutlookVisit www.hrtechoutlook.com Managing EditorHanna WilsonEditorial StaffSalesAaron PierceAlex D'Souza Arun KantAva GarciaJoshua ParkerSarah FernandesVisualizersShanell JonesEditor's Note Abigail Jonesabigail@hrtechoutlook.comT:+1 (510) 509-1721Copyright © 2016 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.
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