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As the economy continues to heal itself, the demand for top talent will continue to increase. Companies are focusing on doing more with less, attracting and retaining to talent and achieving a positive work life balance to ensure both sustainability and growth in order to remain competitive. A clear HR strategy supported by resources and technology will prove to be advantageous to organizations across the US.
HR Executives in the US are faced with a myriad of challenges ranging from increased legislation, healthcare reform, to the war for talent and reducing costs all while faced with the pressing challenge of keeping employee morale and loyalty high. The key to formulating a successful organization is aligning HR with organizational strategy while minimizing costs. The most important asset a company has is its manpower, and as the economy begins to bounce back, the war for talent will be more prevalent than ever. In order to remain competitive, forward thinking companies must stay ahead of the game and implement strategies and solutions that address these pressing challenges.
It has also been projected that there will be an increase rise in the use of software-as-service products within HR. This will take more than 20% of market share by the end of 2010, with challenging implications for well-known ERP suppliers such as Oracle and SAP. Cheaper, more flexible systems that are easier to set up and use can only be good news for HR professionals and help them to automate processes and focus on more strategic goals.
"Great venue to meet with other CIOs and vendors in a single location; it really allows access to a lot of information in a short time."
George Vasquez, CIO, Community Medical Centers