Saturday, January 24, 2009

HR survey data released this week

Two reports:
Our first CedarCrestone HR Survey "Pulse" report that collected data in December about expected changes in HR technology expenditures. Not as bad as expected: 70% of respondents said "no change." Of the remainder, 11% indicated expected increases; 19% expected decreases. The net change was -6% although it varies by type of technology and by industry. See The category of Strategic HCM applications (talent management focus) was the least impacted.

We also published our first CedarCrestone HR Survey focused on Asia and Australia. This effort was sponsored by Oracle, BUT responses came from organizations with varying solutions. This first CedarCrestone Asia Pacific HR Systems Survey of 277 organizations representing over 2 million employees discovered:
• The number one business initiative for APAC survey respondents is a focus on metrics and analytics whether in the form of developing a metrics strategy, integrating data sources, or implementing business intelligence applications to enable metrics-based management. Aligning employee performance with organizational goals (including implementing a performance management application) and business process improvements are also top initiatives.
• Self service and moving to an HR service center approach enables organizations to serve more employees with their HR staff.
• Talent management and business intelligence applications matter—those organizations that have these applications report higher financial performance than those without these applications.
• An integrated talent management approach enables organizations to achieve a lower total cost of ownership. Organizations with such an approach also reported higher sales and more than double the operating income growth than those with alternative approaches (44% vs. 17%). In this economic environment, an integrated talent management portfolio is a best practice.
• Web 2.0 is at the innovator stage among APAC respondents, but early adopters worldwide are achieving early positive advantage of double the sales growth of those without these technologies.
• Oracle’s Human Capital Management (HCM) software suites (PeopleSoft Enterprise and Oracle E-Business Suite) are the top choices of APAC organizations for administrative, service delivery, talent management, and business intelligence applications. These software solutions enable organizations to successfully automate their HR processes, provide employee and manager self service, manage and retain talent, and gather HR-related business intelligence in support of metrics-based management.

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