We have been studying HR technology projects for years and they can be complex and risky. Companies tend to upgrade or replace of their core HCM technology every 7-8 years and when they do it’s a massive change. Not only is it expensive and time-consuming, but these projects can interrupt business growth and take attention from the CEO, CIO, and CHRO.
Well over the last year we completed a series of large studies on HCM implementations and learned about what works. This week we’re launching this new research, HCM Excellence: The Definitive Guide, which reveals many of the secrets.
HCM Projects Are Not Implementations: They’re Transformations
Let’s start at the beginning. Why do companies change their core HR platforms every 7-8 years? One big reason: the technologies evolve and older systems hold companies back.
In the last decade we’ve gone through three big changes:
Integrated talent management:In the early 2000s these systems were designed as process automation tools. Companies bought PeopleSoft, Oracle, SuccessFactors, or Workday with the …