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July 2012, Iss. 3

HCM software’s future is looking up to the cloud

Traditional on-premises applications will continue to thrive, but human capital management (HCM) software innovations will come from innovative on-demand and mobile human resources applications, as well as from other areas, including in-memory technology and social media. “When you look at the major software companies, very few of them are putting major resources into their on-premise talent management applications in the future,” according to Steve Bogner, managing partner of Insight Consulting Partners, based in Cincinnati.  “That’s a trend that’s been going on for a while,” Bogner said of the growing number of cloud HR applications. “I think you’ll continue to see that happen.”  On-demand HR boom driven by social media  One reason on-demand HR is so popular is that HR in general is collaborative in nature, with many people needing to access the system, especially when it comes to employee self-service portals, Bogner and other experts noted.  Bogner identified the proliferation of social media, particularly in those cloud ...

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