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Human Capital Management Systems Boost HR’s Hiring Power

Tue, Aug 13, 2013 @ 10:05 AM / by John Froelich posted in cloud, human capital management, HR, human resources

In today’s world, Human Capital Management (HCM) has become a necessity. Companies need business intelligence to prosper, HR departments included. So, if a business’s future depends on incoming talent, why do companies send out their HR infantries without the support to hook the right candidates? The only weapons in many HR departments’ arsenals are psychology and perception, which is not enough evidence to make critical hiring decisions. HR needs business intelligence.

human capital management systems

Now, cue in Human Capital Management (HCM) and business intelligence software, which is finally available to HR Departments. BI gives HR a leg to stand on beyond résumés and GPAs, and that extra boost of information in today’s competitive market can make the difference between surviving and thriving.

To give you an idea of how badly HR Departments need a makeover, a survey completed by the Economist Intelligence Unit (EIU) in May of 2012 asked 235 CFOs and CEOs to rank the performance of their HR departments. The results struck many HR representatives speechless.

Only 16 percent of C-level individuals ranked their recruiting of new talent as excellent, and only 12 percent ranked HR departments highly for developing key talent. Also, over 50 percent of C-level executives said their organizations would suffer in one year if a continuous stream of talent didn’t pass through their doors.

Albert Einstein’s definition of insanity is doing the same thing over and over again while expecting different results. The answer is simple: HR Departments cannot continue to function the same way they have in the past. Change is coming, and companies that want to maintain their competitive advantages need that steady flow of talent.

And hiring the right people isn’t going to cut it; retaining that talent is just as important. Intelligence on why people leave and at what stage in their careers they are more likely to jump ship is extremely valuable to a business’s planning, training, and overall retention rate.

Even the United States government has jumped on the HCM bandwagon. According to a report done by the U.S. Government Accountability Office (GAO), companies should consider implementing some form of HCM for the “strategic planning” capabilities.

Overall, Human Capital Management Systems have changed the way companies recruit and retain employees. It's beyond time to change the way you are thinking about your best asset, your human capital.

Need to get up to speed? Download the ebook on how to build a winning HR strategy.

 

 

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What does SAP's latest cloud announcement mean for you?

Thu, Aug 1, 2013 @ 04:13 PM / by Bryant Bonner posted in cloud, SAP, SuccessFactors

cloud providerDid everyone see the recent announcement that came out from SAP at the end of July on bolstering their cloud portfolio vision? (see announcement below).  It is becoming extremely apparent that SAP is focusing and investing heavily on its cloud offerings. What I am most excited about regarding this announcement are three things:

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Blog Spotlight: "Cloud: A top priority for CIOs"

Tue, Jul 23, 2013 @ 11:51 AM / by Bryant Bonner posted in cloud, Intel

cloudmobility resized 600Cloud is the hot topic right now and organizations must consider how they are using their cloud services to innovate in all aspects of use: private, public, or hybrid.

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Expanding and Managing Your Product Mix with Product Matrix Generator

Tue, Jul 9, 2013 @ 11:41 AM / by Doug Hammer posted in cloud, Product Matrix Generator, SAP Business ByDesign

Product Matrix Generator Hero (1) 1 resized 600

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IAVM VenueConnect 2013: See you in New Orleans!

Wed, Jul 3, 2013 @ 07:00 AM / by Bryant Bonner posted in cloud, OnDemand, IAVM, sports, venue

iavmbramasol

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Blog Spotlight: "Cloudy IT Forecast Means Change Ahead"

Thu, Jun 13, 2013 @ 09:00 AM / by Bryant Bonner posted in cloud

describe the imageThis highly informative article, written by researchers at the W. P. Carey School of Business, gives insight into the changing attitude and environment surrounding cloud adoption, as well as what incredible changes it will bring to organizations: "rapid business-process calibration, increased use of analytics, as well as possible issues around the tax implications of cloud-based IT spending."

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Analytics in the Cloud: Are we at an inflection point?

Thu, May 23, 2013 @ 11:06 AM / by Ron Martinez posted in cloud, Aberdeen, analytics

I was just listening to an interview from last week’s SAP’s Sapphire user conference where SAP’s Co-CEO, Bill McDermott reported that SAP’s cloud business grew by 380% in Q1.  He didn’t break it down, but one can reasonably assume that the bulk of this growth occurred in business applications like core ERP, SCM, SFM, HCM solutions.  It got me thinking about where we are with Analytics in the cloud.  A report published last fall by noted BI analyst Howard Dresner tells how adoption of analytics in the cloud is still in the early innings.  This makes sense.  As business applications move to the cloud, more businesses get familiar and comfortable with this new computing model.  Perhaps more importantly, it puts business data—the lifeblood of analytics—out in the cloud making the move to cloud BI a natural next step. 

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SAP’s OnDemand Cloud Solutions for Manufacturing: A Perfect Fit

Thu, May 9, 2013 @ 07:29 AM / by Will Pence posted in cloud, Aberdeen, SAP, manufacturing

While reading a recent Aberdeen white paper, The Case for Cloud ERP in Manufacturing: Alleviating Outdated Concerns, I kept thinking to myself how well it fits with SAP’s OnDemand offerings, mainly SAP’s Business ByDesign ERP cloud solution. Although the article focuses on the “Cloud ERP in Manufacturing” aspect, the findings in the article can be applied to all types of Industries, not just manufacturing. As the cloud expands, I believe businesses that do not take advantage of the cloud will start losing any competitive-advantage they have over their competitors. How is this? Let’s look at the following five “Key Benefits of Cloud Solutions that a Manufacturer Must Consider” as outlined in the above-mentioned Aberdeen report and see how SAP’s OnDemand Cloud solutions are a perfect fit:

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Five Ways the Cloud Simplifies Travel Expense Management

Fri, Apr 26, 2013 @ 10:21 AM / by John Froelich posted in cloud, Travel, SaaS, OnDemand, SAP

Travel Expense Management

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Join Bramasol at SAPPHIRE NOW and ASUG Annual Conference May 14-16th in Orlando!

Thu, Apr 25, 2013 @ 11:14 AM / by Jennifer Cook posted in cloud, SAPPHIRE, mobility, analytics, SAP HANA, SAP

Bramasol is pleased to welcome you to Orlando, Florida May 14-16th at Orange County convention center.

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