Findings from PwC’s 2014 HR Technology Survey

by user

Category: Documents





Findings from PwC’s 2014 HR Technology Survey
PwC + Oracle: HR Cloud Point of View
Findings from PwC’s
2014 HR Technology Survey
It’s no surprise that more and more companies are moving their HR applications to the cloud to boost
innovation, increase flexibility, and control costs. The shift is fueling tremendous growth in the HR technology
space, and many organizations are using Oracle solutions to meet these challenges. Drawing from PwC’s 2014
HR Technology Survey of nearly 270 US-based companies, we analyzed trends surrounding Oracle and cloudbased HR applications.
Key HR Cloud Drivers
Transitioning to cloud-based HR applications can deliver big
benefits. Our survey indicates that organizations are taking this
step to boost innovation, lower cost of ownership, and reduce
their dependence on IT.
• Over 40% of respondents who have moved to the cloud say
that a primary motivator was the ability to take advantage of
software innovations more quickly.
• Lower cost of ownership, cited by nearly 40% of respondents,
was the second most common motivator.
• A desire to reduce their dependence on IT was another key
motivator, cited by 11% of respondents.
Top HR Cloud Barriers
Despite the advantages of cloud computing, many organizations
are experiencing unexpected challenges along the way. This
indicates that leaders need to place greater emphasis on the
cloud migration planning stage in order to realize the benefits.
Key findings from the survey include:
• Organizational readiness and process transformation are
among the top HR cloud barriers.
• Many organizations were not ready to give up customizations
and embrace the SaaS mindset.
• Many are also falling short when it comes to strategy and
measurement. In fact, 55% of respondents either didn’t create
a business case or weren’t sure they had one. Of those that did
create one, 47% did not confirm that they achieved the
anticipated benefits.
Top HR cloud Implementation challenges
• Not thoroughly prepared for the
process transformation required
• Organization’s readiness to give up
customizations and embrace
the SaaS mind-set
• Lack of internal resources to
assist with the project
• Lack of skilled/available resources
in the market who know the product
Business case achieved?
PwC + Oracle: HR Cloud Point of View
Findings from PwC’s
2014 HR Technology Survey
Cloud Adoption Trends
The top HR platform priorities for HR departments are core HR
and recruiting, which is consistent with last year’s findings. As
companies move processes such as these to the cloud, we are
seeing differences in adoption paths based on company size.
• Small and mid-market organizations comprise the bulk of
those shifting HR and payroll to the cloud. For example, more
than 70% of our survey respondents with core HR and payroll
in the cloud have less than 5,000 employees. 10% of
respondents with core HR and payroll in the cloud have more
than 10,000 employees.
• Most organizations—including large ones—are moving
recruiting and performance management to the cloud. 57% of
respondents with more than 5,000 employees enable their
performance management through cloud software. 61% of
these larger organizations use cloud software for recruiting.
Oracle provides a unique opportunity for clients to shift HR
processes to the cloud in a phased (or modular) approach, which
is easier for some organizations than a larger-scale replacement
of their core HCM system. With flexible technical tools to
seamlessly integrate cloud and on-premise HR applications,
Oracle allows companies to make the transition at their own
In Summary
The cloud can offer tremendous advantages including more
innovation, greater IT independence, and potential cost savings.
Getting there successfully, however, requires a solid strategy
and significant changes across many aspects of the
organization—well beyond technology alone.
As the first alliance partner to take a client live on Oracle HCM,
PwC continues to lead the way with specializations across Oracle
HCM Cloud applications, dedicated global Oracle Cloud Centers
of Excellence, and a proven cloud methodology and associated
tools. Our deep experience and investment in Oracle HCM
enable us to deliver rapid implementation and data conversion
while promoting the delivery of measurable business value.
For more information on the 2014 PwC HR Technology Trends
Survey, please refer to www.pwc.com/oracle.
“We congratulate PwC in achieving the
2014 Oracle Excellence Award for
Specialized Partner of the Year – Global
in the Oracle Cloud category. This
achievement is a testament
to their dedication to excellence and to
providing customers solutions that
drive real business value and results.”
—Rich Geraffo, Senior Vice President, North
America Technology Division, ORACLE
For more information
on PwC's Oracle cloud
HCM offering:
For more information
on PwC's HR
Technology Survey:
Sheryl Johnson / Principal
[email protected]
Dan Staley / Principal
[email protected]
Jeff Trujillo / Director
[email protected]
Murali Gandi / Director
[email protected]
© 2015 PricewaterhouseCoopers LLP, a Delaware limited liability partnership. All rights reserved. PwC refers to the United States member firm, and may
sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details.
Fly UP