Ready, Set, Grow
How HR leaders of mid-market and privately held companies are using cloud computing to meet business goals
For HR executives, cloud computing offers compelling benefits. Cloud technologies and related processes are maturing and gaining acceptance as standard business practices. For mid-size companies, cloud computing can level the playing field with larger companies. Many mid-size and startup companies now have the ability to run efficient, mature HR processes at a smaller scale using similar tools and technologies, which previously were limited to large enterprises running on-premise ERP systems.
HR cloud solutions can help address important mid-market business issues, including cost reduction, marketing expansion, limited IT capacity, improved efficiency, and talent acquisition and retention. Cloud computing combined with software-as-a-service (SaaS) allows human capital management (HCM) software to be operated and managed by an off-site vendor while HR processes continue to be managed in-house. Many HR leaders find cloud solutions to be a viable and cost-effective alternative to in-house technology support for HR functions or full-scale HR outsourcing.