What are your peers’ plans for adding new technologies next year?
Due to decreased or flat budgets, most companies plan to make their HR tech operations more efficient in 2010, rather than making new purchases, according to a recent survey by the International Association for Human Resource Information Management (IHRIM). Of the companies surveyed:
- 26% plan to “optimize currently implemented systems”
- 24% will install previously purchased modules, and
- 19% will try to consolidate multiple systems under one vendor.
The good news: For most companies, the HR tech budget won’t go down. More than half of respondents said their spending will remain the same, 30% said it will increase, and 19% expect a decrease.
Here’s where companies lucky enough to have a budget increase say they’ll be spending the extra dough:
- performance management systems (31%)
- business intelligence software (22%)
- e-recruiting and applicant tracking (21%)
- core HR management systems (20%), and
- onboarding programs (20%).