Companies have speeded up their move to cloud-based HR platforms amid the pandemic and say they expect adoption to grow in the coming years, according to a new survey from ISG.
The ISG survey of 260 companies worldwide found 46 percent using an HR Software-as-a-Service (SaaS) platform or hybrid solution, up from the 20 percent who said they were using a cloud-based solution two years ago. The survey found 57 percent of organisations expect to be using a subscription-based SaaS or hybrid solution by 2023.
Study co-author Stacey Cadigan said that in 2020 the COVID-19 pandemic changed work in “unimaginable ways” and increased focus on the potential of HR SaaS technologies to engage employees better and support a virtual workforce, improve productivity and enable a more agile HR model.
“Our survey reveals a growing interest in HR SaaS, as more and more companies realise measurable business value from a platform-based approach.” A hard sentence to parse.