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HR Technology 101: A brief overview of HR tech past, present and future
- 1. HR TECHNOLOGY 101 A brief overview of HR tech past, present and future
- 2. While the historyof HR is long and varied, changes in technology and globalization have forced organizations to rethink how they function in the new business environment. Read on to learn more and test your HR tech knowledge with our pop quizzes.
- 3. HR Technology ofYesteryear
- 4. 1960s THE QUESTFOR A PAYROLL SOLUTION HR technology was initially developed to help eliminate manual pay processing and reduce the number of people needed to do the work.
- 5. 1980s HUMAN RESOURCES MANAGEMENT SYSTEMS (HRMS) Computers in the workplace led to the development of PC-based HR applications. While these solutions offered a range of reporting tools, they were limited in their ability to share data or integrate with other HR systems.
- 6. 1990s ENTERPRISE RESOURCE PLANNING (ERP)/WEB-BASED APPLICATIONS The arrival of the internet radically changed HR. With web-based technology, HR professionals could access information from multiple locations and easily share that information with those inside and outside of the department. Source: HR Transformation Technology by Allan Boroughs, Les Palmer and Ian Hunter
- 7. POP QUIZ! Inwhat year did Jeff Taylor launch The Monster Board, one of the first online job recruitment tools? A 1990 B 1994 C 1998
- 8. ANSWER B Taylorlaunched the online recruitment tool in April 1994. This platform led to rapid growth in online recruitment and revolutionized how employers recruited and filled positions.
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- 10. 2007 2008 20092010 2011 2012 2013 PRESENT The focus on ROI has led to growth in HR metrics and analytics, which have helped demonstrate the connection between HR practices and a company’s competitive advantage. 2007- PRESENT
- 11. 2007 2008 20092010 2011 2012 2013 PRESENT SOFTWARE-AS-A-SERVICE (SAAS) HR SOLUTIONS SaaS technology has changed the way businesses function because they store data and applications in the “cloud” and can be accessed on-demand via the web without the need for on-premise hardware or software. 2009- PRESENT (Source: HR Executive “Top 25 HR Milestones”)
- 12. 2007 2008 20092010 2011 2012 2013 PRESENT SINGLE APPLICATION HCM SOLUTIONS These solutions begin to replace “integrated” payroll processes that are pieced together with interfaces. 2009- PRESENT
- 13. POP QUIZ! TheSaaS market is growing fast. In 2011, it was a $12B industry. How big is the industry expected to be in 2015? A $14 billion B $18 billion C $21 billion
- 14. ANSWER C TheSaaS enterprise market is projected to grow towards $21.3 billion dollars in 2015.
- 15. The Future ofHR Technology
- 17. TALENT MANAGEMENT HRDATA & ANALYTICS INTEGRATED TALENT MANAGEMENT & COMPENSATION THE TOP 3 AREAS FOR SPENDING INCLUDE:
- 18. POP QUIZ! TheApple App Store was launched in 2008. As of May 2013 (just five years later), how many apps had been downloaded from the store? A 500 million B 1 billion C 50 billion
- 19. ANSWER C InMay 2013, Apple announced that 50 billion apps had been downloaded from its App Store.
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- 21. GROWTH IN CLOUDCOMPUTING 40 percent of companies surveyed by Towers Watson are only considering SaaS-based solutions when investing in a new HRMS
- 22. RAPID ADOPTION OF MOBILE TECHNOLOGIES According to a survey by CedarCrestone, adoption of mobile-enabled HR processes has increased by 67 percent since 2012
- 23. RISE IN PREDICTIVEANALYTICS AND CONSULTING SERVICES This is an area of “great potential” for HR, according to industry experts, with the goal of helping companies develop even better, more effective workforce strategies (Source: Towers Watson; HR Executive “The Future of HR Technology”)
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