Transcript of "Challenging the hr software status quo"
Challenging the HR Software Status QuoPosted: November 10th, 2011 | Author: Newton Software | Filed under: Applicant Tracking, Applicant Tracking SoftwareReviews,You‟ve probably never seen a corporate advertisement that reads “We don‟t do anything better than before – we simply stick tothe status quo.” Innovative companies, especially in the multibillion dollar Human Resources software sector, often strive to setthemselves apart from their competitors through new features, faster services, and lower prices.However, this was not always the case for the giants in the HR Technology space. Over the course of the past two decades, these“old-world” companies have actually embraced the software status quo. For years, „sticking with what works‟ made sense, asthese companies pulled in billions of dollars in profit every year from selling the same old „boxed‟ software packages whilecharging for periodic upgrades, maintenance and deriving the bulk of their revenue and profit from services.Today, these big software companies are really starting to pay the price for sticking with the status quo for too long. They arescrambling to catch up with both nimble startups and open minded corporations that have embraced new technologies and waysof doing business; most notably they‟ve welcomed cloud computing from the very beginning.Wharton recently published an article that provided some interesting cases of cloud computing chipping away at traditionalsoftware business models. From knowledge@wharton: “For example, Forrester calculated that Microsoft’s Exchange e-mailprogram will cost a company with 5,000 employees $28.22 a month for each user. By comparison, Google’s fully loadedcorporate suite — including Gmail, calendar and productivity applications, along with technical support — for a company with5,000 users will cost $8.59 a month for each user.”The article also highlights the disruptive changes that cloud computing has brought to the various other corners of the softwareindustry; including consumer productivity software, business services software, and video gaming software. In each of thesesectors, the traditional models of selling „boxed‟ software and charging for upgrades has slowly been eroded by „Software as aService‟ models that instead focus on monthly fees void of any long term contracts. Companies like Sonar 6 and Bamboo HRare offering customers #HRtech products that exist entirely in the cloud – making access as simple as signing up online.Another software sector that has been drastically shaped by cloud computing and SaaS pricing structures is recruiting software.The days of a company needing to „unbox‟ a recruiting software suite and install the program on every computer and server in thecompany are long gone. The days of having a company „tech guy‟ walk downstairs and troubleshoot local server-side glitchesare over. There are very few companies, if any, that continue to push the innovation envelope in the world on on-premisesoftware.Businesses now are able to utilize applicant tracking software that exists entirely in the cloud – including communication tools,customer service, data analytics and instant updates. Newton Software is proud to be the company that pioneered cloud-basedapplicant tracking software, having fully embraced a new age of delivering hiring technology from the very beginning.
Only recently have the corporations of old realized the importance of cloud computing – they‟ve started rapidly buying upsmaller companies and establishing their own cloud based applications. However, they may be too slow to catch up. Today‟sworld of software, one where online applications are easily accessed by anyone, is no longer about over-inundating a market andestablishing a customer „choke hold.‟ It‟s about adapting to customer and providing the best possible solution for a specific niche.About the Author:Newton is modern, easy-to-use applicant tracking software designed to organize and improve internalrecruiting programs for small and medium sized businesses (30-3000 employees). Newton features best-of-breed dashboards that create unparalleled visibility and transparency. And, Newton is the only ATSdesigned to drive the decisions that drive hiring taking into account all users in the corporate recruitingworkflow. Industry leading adoption rates (+90%) ensure easy collaboration and powerful performancedriven metrics allow HR and Recruiting users are in control.