Companies Invest Steadily in HR Technology

In lean times, businesses want to be sure every hire works out.

Human resources technologyHuman resources and HR technology have taken on greater importance as the sluggish economy puts a premium on avoiding unsuccessful hires. A recent survey shows companies continue to invest in such technology, and many intend to change the structure of their HR operations in coming years.

A Towers Watson survey of HR and HR IT executives from 628 global organizations found 31% plan to spend either more or much more on HR technology this year, while 53% say they will spend about the same. 

Derek Beebe, Towers WatsonTalent Management Systems

Getting and effectively deploying talent and performance management systems is by far the leading HR service delivery issue, according to the Towers Watson survey, with 40% citing that as one of their top three priorities, while 22% cited streamlining business processes, recruiting and staffing systems. 

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