The human resources management system (HRMS) have been a central part of human resources departments for decades. Though useful to HR, these systems have also been static. Speaking generally, their functionality has not advanced greatly while other technologies have made great strides, and the information in them has been restricted to mostly use by HR professionals. However, along with growth in distinct and integrated talent management systems and in workforce management systems, this has begun to change as the HRMS is being integrated with these newer systems. The changes make it possible for HRMSs to become more strategic as HR professionals use them in new ways. To that end, Ventana Research will conduct a benchmark research project to evaluate the evolution of these systems and processes to determine where they are becoming more strategic applications for HR.
Topics: Analytics, Big Data, Business Analytics, Business Collaboration, Business Intelligence, Cloud Computing, HCM, HR Management, HRIS, HRMS, Information Applications, Mobile, Social Media, Talent Management, TM, WFM, Workforce Management, Workforce Performance
Ventana Research recently released our Value Index on Workforce Management for 2014. We define workforce management as the set of processes by which organizations manage their hourly and salaried employees to maximize productivity. It involves not only tracking time worked and providing compensation for it but also aligning that work to the objectives of the organization and to the individual employee’s needs. Our Value Indexes are informed by more than a decade of analysis of how well technology suppliers and their products satisfy specific business and IT needs. For each we perform a detailed evaluation of product functionality and suitability to task in five categories as well as of the effectiveness of vendor support for the buying process and customer assurance. In this case the resulting index gauges the value offered by each vendor and its products in supporting workforce management, which is necessary for running an organization efficiently and effectively.
Topics: Analytics, Business Analytics, Business Collaboration, Business Intelligence, Business Performance, Ceridian, Cloud Computing, Customer & Contact Center, Empower, Infor, Kronos, Mobility, Operational Performance, Oracle, Sales Performance, SAP, Social Media, SumTotal Systems, Value Index, WFM, Workforce Management, Workforce Performance, Workplace, Human Capital Management