Michael Specht

Credit: Flickr dbilly

Last month Watson Wyatt released their 2009 HR Technology Trends Report. So I grabbed my credit card and laid down US$45 to get a copy so I could see what they had to say.

Some thoughts:

• The report is very hard to compare with their 2007 HR Technology Trends Report as the format has changed.
• Intranets are still the most favoured method of communicating with employees 72%, with newer technologies making an entrance such as social networking 13%, Blogs 11% and podcasts 6%.
• Organisations are still use manual processes when it comes to some core areas of talent management; succession planning (53%), career development (48%) and workforce planning (55%).
• However 56% of organisations are planning to increase their use of talent management technology over the next two years. With leveraging existing ERP’s being the primary approach, 29%, integrated talent management systems are next with 27%.
• Across all talent management areas organisation have a higher satisfaction with external solutions than internally developed ones.
• However internally developed systems have a higher satisfaction than outsourced solutions in the areas of Recruiting, Compensation Administration, Annual Pay & Bonus Delivery, Succession Planning, and Workforce Planning.

So what next?

• Technology vendors who have best in class succession planning and workforce planning solutions have the potential for growth over the next two years as organisation move to automate these processes.
• Outsource providers in compensation administration, succession planning and workforce planning need to clean up their act otherwise they may see business dropping off.
• Emerging technologies will continue to grow in usage within organisations to streamline communications with employees.

Popularity: 18% [?]

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