Recruitment Software in the Banking Industry

Written by Andrew Rothman on . Posted in Industry, News

The appeal of third-party providers will cause many banking companies to reduce IT staff during the near future, but that will result in an employment increase for financial tech vendors, including those that provide recruitment software.

A recent report from Celent, a consultancy firm, predicts that European banks will spend $18.5 billion on IT staff this year, a decrease from $18.9 billion during 2009. That number is expected to decline by another 3 percent during 2011 and and an additional 6 percent during 2012.

“It’s more expensive and less efficient to undertake development in-house rather than work with a third-party,” Axel Pierron, senior vice president of Celent, said. “It’s clear that IT budgets are still in a very uncertain phase.

Staffing Software Use through SaaS Increasing

Written by Andrew Rothman on . Posted in Industry

More companies are now using human resources and staffing software in the form of Software as a Service.

The most recent InformationWeek Analytics survey found that 47 percent of companies are using SaaS, and of those, three-fourths consider the service to be extremely or critically important to their organizations. SaaS requires the software to be maintained by the provider, which frees up resources for companies to focus on other projects.

Companies no longer solely use SaaS for sales force automation and customer relationship management, but also for purposes related to human resources, Web presence, e-mail, service desk, collaboration, financial and backup.

Recruiting Software Benefits

Written by Andrew Rothman on . Posted in Industry

If you own a business or work in an HR department, you may already know about the benefits of recruiting software. However, if you’re looking for a way to make the recruiting process easier, there are many reasons you should look into using recruiting software.

Recruiting software not only makes life easier for those in the HR department, but makes the company as a whole function better, be more focused, more organized and make better and more informed decisions. Recruiting software also helps companies save a considerable amount of time and money, according to an article by Ezine.

Most recruiting software is capable of handling employee information, such as names, addresses, income tax withholdings, available vacation days, holiday pay, child support payments, garnishing and retirement savings. Most software also allows employers to better use direct deposit and print statements, forms and reports.

HR Software Should Be Part of Your Resolution

Written by Andrew Rothman on . Posted in Industry, News

With 2010 already in full swing, companies should include HR software as part of their plan for the new year.

Just as individuals often make New Year’s resolutions, companies across all industries also often make resolutions for the year ahead. Focusing on the right resolutions can help your company do what it takes to succeed and ultimately come out ahead.

The most important thing to focus on during the new year is your most important asset: your employees. By focusing on hiring intelligently all the time, your company can continue to see an increase in employee stability.

Recruiting Software Benefits HR Managers

Written by Andrew Rothman on . Posted in Industry, News

Most HR managers believe their companies would benefit from recruiting software.

The most recent HR Challenges Survey from Taleo found that the top three challenges facing HR managers in the United Kingdom this year are succession planning, employee retention and providing leadership with better management information and reporting.

Unfortunately, it does not appear as though HR departments will have the additional funding to help them manage talent and support business leadership. Of the respondents, about 70 percent predict that less than 10 percent of their company’s technology funding will be used on tools to help them manage talent.