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.
- 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.