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Your HR technology strategy should not be locked in stone; it needs to be revisited as circumstances shift, new tech developments become too major to ignore, or new security and governance requirements need to be met. Our eBook outlines why a strategy is so crucial and how to ensure it remains fit-for-purpose.
What is a HR technology strategy?
A HR technology strategy entails more than just selecting and implementing HR software – a term used here to cover any software that may fit into a human capital management (HCM) system (e.g. workforce management, HR, benefits, pay, and more).
Any HR technology strategy requires a deep understanding of how the software will integrate, data security, clear alignment with organisational goals, and what expected outcomes will be – from a financial ROI perspective and user perspective (e.g. time savings).
Why is a HR technology strategy important?
A strategy has two primary benefits: it helps reduce costs, and it helps to optimise return on tech investment. A strategy will ensure the organisation invests in the most beneficial technologies, reducing costs and avoiding the trap of having multiple systems with overlapping or redundant features.
Why do HR technology strategies fail?
Common reasons for HR tech strategy failure may include:
The departure and arrival of leaders who have a different vision or roadmap
A change in organisational structure, or growth/contraction
A shift in workforce models – e.g. more contingent staff than full-timers
A failure to address changing user needs
Technical issues – e.g. legacy platforms that are ‘stitched together’, resulting in dataflow issues and a poor UX
How to do it better
Our eBook explores what the essential elements of a HR technology strategy are, including clearly defined objectives, buy-in from key stakeholders, and a change management process.
We also offer six tips to ensure your HR technology strategy stays on track. The key? Recognise that every strategy has a use-by date. There will come a time when it’s unable to meet the demands of your business. The key is to recognise the tipping points as early as possible and respond decisively. Our eBook will help you do that.
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