Knowledge Infuser

Workforce Magazine : Spending on HR Technology To Remain Steady?

jason.averbook — Tue, 25 Nov 2008 04:29:39 GMT

Wanted to make sure all saw this article from Workforce Magazine and a survey put on by IHRIM. This is important data and from a Knowledge Infusion standpoint are very curious as to the results of this survey. A few points and questions:

What are people SPENDING on?
Is this new SPENDING or maintenance SPENDING?
What will the SPENDING result in as far as helping organizations save during a deep recession?
Do you believe SPENDING will remain steady?
HR has been consistently terrible at showing value of HR Technology SPEND? Do you think executives will continue to hold SPENDING steady based on past results?
Do you believe these results? I would say they are deeply questionable at best...

These are important questions that will impact our entire industry for the next 2-3 years. What are your thoughts?

Click here to read Workforce Magazine article and let us know what you think and predict?

It is very important that you SPEND the time defining your strategy in a down economy and realize that it is not time to sit still, but be agile enough to continue to innovate in one of the toughest economic times in our history.

Another infusion of knowledge...

How CIO's are dealing with a tough economy

jason.averbook — Mon, 28 Jul 2008 15:10:20 GMT

From a Knowledge Infusion standpoint, this year is proving to be a record breaking year on all accounts in helping organizations drive strategic value from HR technology investments. We would be blind and short-sighted if we didnt see that all around us, organizations are dealing with budget cutbacks and much more scrutiny around investments throughout the enterprise. Organizations are continually weighing the value of core HRMS solutions vs. talent management technologies.

Please see the attached InformationWeek article on how CIO's are dealing with a tough economy. A few key points:

Few New Hires
Hold Off On Upgrades
IT Inventory of High Potential Projects

As the HR spac continues to look at investments in technology, it is more important than ever to make these investments BUSINESS SYSTEMS, not HR SYSTEMS. In today's world, don't look for huge upgrade projects or huge ERP investments, look for quick-win, low hanging fruit, value-add investments to continue.

As you continue to create business cases and budgets for 2009, where are you focusing? Where do you need assistance?

Link to article

Another infusion of knowledge...

ROI of Humans

jason.averbook — Thu, 25 Oct 2007 02:35:13 GMT

As part of the Knowledge Infusion Workforce Intelligence practice, we are continually working with organizations to understand the value of their "greatest asset", their people. As part of this practice, we also try to help organizations understand that creating a business case is much easier and always more successful if we can capture some of these measures.

During the HCM StrategyMap work we conduct, we commonly meet with the CFO to understand their views on human capital and capture their vision as to how to measure the impact of people in the business.

In today's CFO.com online article, a great piece on the measurement of people and the notice of trends that are occuring, in this case in investment banks, to measure people as investments instead of just costs.

"The banks are beginning to introduce a range of metrics, such as

attrition of top-quartile performers...and incorporate them into

business planning, aided by significantly improved HR information

technology"

Lets keep this discussion going. What are you doing in your organization or if you are a vendor or consultant, what are you doing for your customers to help them measure the true value of people?

Another infusion of knowledge...

Link to article - CFO.com