More than simply a trend, cloud computing is helping to transform human resources and the applications it supports. Cloud-based HR products and services are cropping up everywhere, promising to help companies cut costs, increase productivity and alleviate IT headaches. Workforce analytics solutions are certainly no exception, as vendors including SumTotal Systems, Visier, Evolv, Kronos and Talent Analytics flood the market with tools that don’t require enterprises to install high-priced servers and complex hardware.
That’s good news for small- and medium-sized businesses with tight budgets and limited IT resources. More established vendors liked Oracle’s Taleo and SAP’s SuccessFactors have also added cloud-based offerings to their existing repertoire of on-premise HR tools, catering to both the enterprise and SMB market.