Lots of people find this first step surprisingly fun. It involves a journey of discovery scouting the HR software market to learn more about what’s out there, what everything does, and how these things might help your business. It also involves getting used to common industry terminology and understanding what things mean (for example, the difference between “SaaS (web-based) HR Software” and “On-Premise HR Software”).
You can familiarise yourself with the HR software market by browsing the Internet, following HR technology blogs, downloading white papers, and joining HR discussion boards and communities. Don’t get too caught up in the finer details, however – the aim of Step One should simply be to learn more about the following staple areas:
- Basic HR software functionality
- Which more modern, advanced features are available
- How HR software might help your company
- Difference between “SaaS” and “on-premise” HR software
- How much a newHR system might cost to implement and run
It shouldn’t take you too long to learn about what’s out there, but remember that the decision to implement HR software for your company is not a small one. Don’t rush it, and learn as much as you can.
HR Software latest news
Octopus HR Bought by Cascade HR. Cascade HR – an enterprise HR software company designed for large businesses with over 10,000 employees, and owned by the IRIS Software Group – announced in April 2016 their acquisition of Octopus HR. The sale was completed for an undisclosed sum, and is expected to see Cascade HR now able to cater for the opposite end of their usual target market – the micro and SME market. Octopus HR had been running for 12 years by the time 2016 hit, and boasted over 350 cloud customers.
“Namely” Raises $30million for its Payroll and Benefits Software. Namely – the increasingly-popular New York-based payroll and benefits software company – has announced this year that they have won a further $30million of venture capital. 2016 is set to be a big year for the growing company, as this new round of investment boosts their total outside funding to $107.8million.
2016 Set to See Cloud-Based HR Software Dominate. According to Forbes, 2016 is the year where we will see cloud-based HR systems really take over from their manual on-premise ancestors. With most cloud-based HR software companies now offering mobile accessibility and employee engagement tools, we can expect HR software to cater more for the entire workforce instead of just the HR department. In fact, since entering the year 2016, it is thought that there are more than 150million employees around the world who are using and accessing their company’s cloud HR system?