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.

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.

5 Reasons to Use Recruiting Software Via SaaS

Written by Andrew Rothman on . Posted in Industry, News

Most companies today use some form of recruiting software (Click here), as well as software for human resources, payroll and staffing purposes. However, those companies may not know how much more they could benefit from Software as a Service.

Software as a Service, or SaaS, is a fairly new business model that allows companies to use the software applications they rely on every day in a whole new way. There are currently thousands of SaaS applications that can handle a variety of tasks.

New technology is allowing SaaS companies to provide their services to clients at a low cost by using cloud computing, open development and flexible software models. In addition, SaaS allows companies to choose their own pricing plan so they can get the most for their money.

HR Software and HR Consultants

Written by Andrew Rothman on . Posted in Industry, News

If you or your company is considering purchasing HR software, you may be wondering if you should hire an HR consultant to help you out.

According to an article by compareHRIS.com, whether or not you should hire an HR consultant to help you evaluate and select the right HR software depends on the complexity of your organization’s needs, your experience with the process and the potential consultant’s knowledge and experience.

“HR consultants can provide a valuable resource for those companies with complex HRIS/HRMS selection needs, provided they have the experience with the various HR systems on the market,” the article notes. “Overworked or understaffed HR departments may not have the time and energy to devote to the entire HR systems selection process.”