Workforce: Smaller Companies on an HR Tech Buying Spree
Recently, Cielo’s Director of Technology Solutions, Adam Godson, shared his expertise with Workforce.com and was featured in the article, “Smaller Companies on an HR Tech Buying Spree.” This article was based on a report regarding the increase in the number of companies that are investing in Human Resources (HR) technology, and also highlighted Human Resources (HR) Leaders who are implementing new technology solutions. Godson related his knowledge of industry trends in order to provide a context for the case studies of HR technology adoption that are showcased in this article. He highlights the growth experienced by the HR technology industry, which is allowing smaller companies to have access to better solutions.
Excerpts from the article:
According to a 2015 report from marketing agency The Starr Conspiracy Intelligence Unit, 53 percent of companies with more than 1,000 employees plan to invest in human resources technology software this year, but that number jumps to 60 percent among firms with fewer than 100 employees.
This burgeoning focus on HR technology — the human capital management market hit nearly $11 billion in 2014 and is expected to grow to more than $17 billion by 2019 — is being driven by innovations in cloud-based software, which are giving small companies access to enterprise-level HR software at a much lower price point, said Adam Godson, director of technology solutions for Cielo, a global recruitment process outsourcing firm. “The consumerization of HR technology is definitely benefitting smaller firms.”