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Posts tagged ‘business’

Apr 21

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2011 HR Software market trends

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I was reading a post on the software advice blog about where the HR software market is going.

It looks like firms are not going to buy a new HR software this year, but rather implement some new improvements on their existing software, such as administration and employees dashboards and self service as well as tracking for key HR metrics.

The big trend this year seem to be cloud based, software as a service HR systems.

I can see why they are quickly rising to the top as if you think about it, you probably use lots of cloud based services daily already, such as Dropbox or other apps that make your work easier (one I use is Wunderlist for to do management).

I think that the ability to access an application regardless of time or place is simply astonishing.
From the point of view of a company with multiple offices around the world, surely located in different time zones is a great advantage as they don’t have to wait for a colleague to be in the office to have information about an employee annual leave or check if they signed a document. They can access all these information by accessing an internet page with their personal login credentials.

Quoting Christopher Baum, from the above mentioned article:

Cloud-based HR systems are in strong demand. Aside from cost of ownership benefits, a compelling benefit of this model is the ability to leave the provider responsible for keeping the software compliant with current rules and regulations.

I think cloud based HR systems are definitely the way forward for the HR software market and for all software for that matter.

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Mar 15

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Sourcing business from China. Where to go?

Coastal China is known as the preferred destination for LCC (low cost countries) from which to source.

According to an article on China Briefing though, things are changing.
They suggest to consider carefully the kind of business you are in before picking a destination.
Coastal China isn’t the only option anymore. Depending on your business being capital-intensive, low-skilled labor-intensive, knowledge-based, or resource-based you could have other alternatives to coastal China such as inland China, Vietnam, and India.

  • Coastal China still stands out for three reasons mainly, which are infrastructure, relative ease of doing business and economies of scale. But you have to bear in mind that labour costs are rapidly increasing in the area and the trend is expected to continue in the medium term.


  • On the other hand, inland China offers a more cost effective labour and foreign business is encouraged through preferential tax and aid system.


  • India, would make a great base for manufacturing based companies, although logistics remains the drawback.


  • Vietnam land and labour costs are the cheapest out of the LLC options explored in this article, however, the lack of scale in both resources and capacity offsets the savings previously made.



    • In the end, choosing the most appropriate destination for your business depends on your business requirements.

    To make it short:

    If your company’s costs is mostly affected by economies of scale, it would be financially sensible to stay in coastal China, while keeping an eye toward inland China in the near future.

    If your company’s main requirement is the availability of low skilled and labour intensive workforce and in huge amount of factory space, inland China and Vietnam may both be attractive options for your business, offering low cost alternatives.

    If your firm requires skilled labor, India’s massive number of yearly English-speaking college graduates creates a relatively inexpensive labor pool at a different part of the value chain.

    Also, once you have an office set up, be it in China, India or Vietnam, if you need a low cost hr management solution which is easy and efficient, we recommend to have a look at this hr software vendor. It’s currently being used in China and also at a global level, and is available in both English and Chinese. As long as you have an internet browser the hr software can be accessed from anywhere, therefore saves your company admin and time money and the infrastructure set up costs.

    Before choosing your destination consider every facet of the medal carefully, and have a well thought out business plan in place. For more information on this matter, check out the reference of this article here