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.