MAY 2019HR TECH OUTLOOK19HR Technology: Changing Faster Than EverThe HR technology landscape is changing faster than ever. And despite what you may believe, the cloud is not necessarily making it easier.A little history first. Over the last five years we have been heavily focused on moving HR platforms to the cloud, implementing new systems like Workday, Success Factors, Oracle HCM Cloud, ADP, Ultimate, and others. These cloud-based HR platforms promised to deliver an easy to use interface, a single integrated employee database, and a set of talent management functions we could use for hiring, performance management, payroll, and just about everything else.While almost 40 percent of companies around the world have made this shift, the results have been different than planned. Yes, most companies see great benefits from a cloud-based HR system: they are able to do away with some of the old-fashioned licensed systems, they have a single unified employee database, and they have a system that stays up to date. Is it cheaper than the licensed model before? It's hard to say ­ but most companies were tired of all the integration work to make HR system work together, so simply standardizing on one vendor is a great sigh of relief.But despite the billions spent on cloud HR systems, the market has moved again. The big cloud HR vendors now have their hands full with features (most have limited payroll functionality, they are trying to update their Josh BersinCXOInsightsJosh Bersin, Founder and CEO, Josh Bersin AcademyBy
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