Archive for the ‘HR Technology’ Category

Article: SuccessFactors – The Future Of Business Software

Wednesday, February 17th, 2010

In a recent Information Week article it was observed that SuccessFactors has not only created a compelling new suite of products around the vital need for business execution but is also redefining, at a fundamental level, the buyer-seller relationship in the market.

The author of the article, Bob Evans, noted four primary reasons behind this claim:

1.   SuccessFactors’ human-dynamo CEO has created an intensely customer-centric culture and a fresh new category called Business Execution for which most customers have a burning need.

2.   The company’s growing rapidly (37% in the nuclear winter that was 2009) and creating a rabid customer base that includes many well-known global corporations (much more on them in a moment).

3.   It has no on-premises legacy—technical or financial—to deal with, is 100% in the cloud, and has established a significant recurring-revenue stream.

4.   SuccessFactors is reaffirming to customer-side CEOs and CIOs that the new wave of cloud-based enterprise-software companies does business in a strikingly different way than do the traditional on-premises vendors.

Read the article at:   http://tinyurl.com/yboncge

HR Technology Value Proposition

Tuesday, January 5th, 2010

 

The application for technology within the Human Resources function should be to enable the effective and efficient processing of information and provide insight into the value of human capital assets.  We have three constituents that need to be served – employees/managers, HR professionals, and company executives.  Each has a value proposition, or what makes the application of technology important/useful to them.

Employees/managers – It’s all about EXPERIENCE.  Ask, “Do our systems enable employees and managers to access and process information important to them?”  Give them a reason to want to use the technology.  It should be indespensable to them.  Deploy employee and manager self-service, personalize it through portals (e.g., “My Yahoo”).  Give managers the ability to see and act on things important to their teams (goal setting, performance assessment, job changes, etc.)  Move as much of the processing of HR data to these individuals. 

HR Professionals – It’s all about TOOLS.  Ask, “Do our systems provide sufficient tools to enable our HR professionals develop and deliver impactful programs?”  Do your compensation professionals have sufficent job modeling and compensation/salary modeling systems?  Does your recruiting system support the need to find and place the right people?  Do your HR Generalists have access to information about people in the line organizations they support?  Are learning programs and supporting systems aligned with business goals?  Can you readily assess the effectiveness and cost efficiency of benefits programs?  If these folks spend more time processing data, rather than analyzing it, you do not have the right tools in place.

Company executives – It’s all about VISIBILITY.  Ask, “Do our systems provide the necessary information to senior management to enable them to assess the impact that human capital assets have on the business?”  What analytics are you providing to senior management?  Are they merely snapshots of historical data, or do you provide insight into the impact of changes?  For example, instead of just identifying who has taken what training, are you assessing the effectiveness of such training – did the group that went through the process efficiency course actually achieve  improvement - has it resulted in an increase in the throughput of product within the same amount of time and resources, and with fewer defects?  Instead of measuring “cost of hire”, are you measuring “time to proficiency”?  If you can’t readily demonstrate to senior  management that their investment in human capital programs increases revenue and/or significantly reduces cost, then it is suspect.

Assessing Value of HR Technology Investments

Monday, January 4th, 2010

Periodically, conduct this survey about your HR systems.  You should question “Why not?” to “no” answers, and you should know the measures to validate the “yes” answers.  Then, compare your answers to those that employees/managers, HR professionals, and senior management provide.  Are there differences?  Find out why.

  1. Do our systems increase/improve the accuracy of employee info?
  2. Are processing cycle times decreased?
  3. Is HR able to spend less time on administrative work?
  4. Do managers have greater access to information?
  5. Is HR able to devote more time to strategic work?
  6. Communications/collaboration is improved?
  7. Employee satisfaction is improved?
  8. Recruiting effectiveness is improved?