A Bird’s Eye View World of HCM with Technology & Applications

Sometimes, it becomes hard to imagine how wide and deep is the impact of Technology on practically all spheres of our lives. Probably, even more difficult is to really catch up with the speed of its evolution, evolving constantly to stay in competition with its own-self.

Think of Human Capital Management, the epicenter of any Organization or any Endeavor to succeed- Could it have lagged behind in the journey of Technology? Definitely not and so, we have the likes of IBM, Microsoft, SAP, Oracle etc. competing for a piece of the huge pie it has to offer.

Let’s take a short walk through, how far and wide the technology and its applications go on HCM:

  • There are at-least 100, possibly over 200 applications which exists in the market on HCM.

  • How does one navigate or compare these N number of websites, categorize them, compare them feature by feature? Right from Gartner to Forrester to Technology Advice to several others offer help and often detailed information on this aspect.

  • A Look at just the Top 10 HCM Software Vendors and Market Forecast 2015-202

  • IDG Connect says almost half of companies surveyed have already migrated to cloud-based solutions and 25% plan to migrate soon. What does Gartner’s Magic Quadrant say about the Top Cloud Based Technology HCM Providers?

  • What does Technology has to offer?

i. Cloud as a Platform
ii. Software As A Service (SaaS)
iii. On-Premise systems
iv. Web Based Tools
v. Integrated Systems: Take a standalone HR or, say, pick from the Integration of HR, TMS and LMS.
vi. Best of the Breed or Specialized Standalone systems.

I hope I surprised you as much as I always am.

References:

Insight into HR Market and a Software Buying Guide http://technologyadvice.com/human-resources-software/#market-index
Gartner’s Magic Quadrant https://www.workday.com/en-us/forms/reports/report-gartner-magic-quadrant.html
2015 Market Distribution https://www.appsruntheworld.com/top-10-hcm-software-vendors-and-market-forecast-2015-2020/
Compare products feature by feature https://www.g2crowd.com/categories/hr
Compare product feature by feature https://selecthub.com/categories/human-resource-management

Blog by

Dr. Gaganpreet K. Ahluwalia
Indira School of Business Studies, Pune.

 

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