I had blogged about the Cedar Crestone HR Survey here
CedarCrestone has released the results of its HR Systems survey, the FIRST one to be conducted in APAC. CedarCrestone has been doing this worldwide survey for the last 11 years, covering major trends and providing insights into the latest practices and adoption of HR technology.
The survey covered around 270 organizations APAC wide, and more than 800 organizations other than this worldwide. It covered organizations across industries and across sizes,and in that sense it was broadbased. Average employee size of the organizations surveyed varied from 500 to 40,000 +.
HR Solution Adoption
Adoption of Core HR remains high at 80 %, whereas Strategic HCM and Analytics are low on adoption at less than 30 %, again pointing to the need of having an integrated talent management strategy and solution.
SPENDING TIME AND BUDGET:
Top initiative where respondents are spending at least one day a week is activities around metrics and analytics
SERVICE DELIVERY VALUE:
Self service and move to service center enables organizations to serve more employees
TALENT MANAGEMENT MATTERS!
Organizations with technologies had higher financial growth on all measures than those without
BUSINESS INTELLIGENCE VALUE:
Organizations with technologies had higher sales per employee than those without
WEB 2.0 TECHNOLOGIES
WEB 2.0 is at the innovator/early adopter stage.
An interesting fact remains, this survey was done just before the recession wave tookover US and the world, so there may be some more conservatism if this same survey was to be conducted again. However, I don't feel it would have made the results significantly different.
What has become important for organizations across industries is Talent Management, and the investment related to it.As the survey goes on to prove how the investment in Talent Management has been associated with higher financial growth.
Another significant finding has been on Scope of Succession Planning, when Succession planning is limited to Top Management, Sales growth may be lower as compared to when Succession Planning is for other section of employees. This can be linked to the Employee engagement and the impact of it on the performance of the employee.
Another aspect covered is about the Web 2.0 technology adoption which remains low. This points to the large potential that lays unexploited still in the usage of HR technology.
For me - One single fact stands out - Investment on HR Technology can lead to significant benefits for the HR processes inturn impacting Sales growth positively. I think this makes for a continued case of investment into technology and use of it.
Lexy and her team have done an excellent job of putting together this survey and you can read more about it here
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