HR transformation survey - HR technology
HR transformation survey - HR technology
Insight

HR transformation survey - HR technology

Thirty-eight percent of respondents to KPMG's 2017 Human Resources Transformation Survey expect to increase HR technology spending in the next year.

HR technology has revolutionized the HR function with data-based decision-making, cost advantages and new value for the bottom line. But, not all HR departments are drinking the cloud Kool-Aid.

The 2017 HR Transformation Survey revealed that global organizations appear divided into two camps: 38% of organizations expect to increase HR technology spending in 2017, up 8% from last year, but 44% will hold spending constant — raising the risk of falling further behind the leaders on transformation.

Failing to pursue a strategic, highly proactive approach to change becomes increasingly risky as today’s technology megatrends continue to redefine markets, business models, workforces and customer relationships. Rather than taking the path of least resistance, organizations should pursue the inevitable journey to redesign the traditional HR operating model and embrace technological change.

While some are investing, many risk falling further behind

 

Thirty-eight percent of organizations expect to increase HR technology spending in 2017, up 8% from last year, but 44% will hold spending constant — raising the risk of falling further behind the leaders on transformation.

A third of organizations plan to implement a new HRMS in 2017, up 3% from last year. HR transaction processing (63%) and delivering value-added services (62%) are the leading anticipated benefits from new HRMS.

Human resources transformation: Which lens are you using?
Findings from KPMG's 2017 human resources transformation survey