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As demand for human capital management has changed over the past couple of years, the HR Technology market has undergone a sea change. These changes are not just a result of innovations and new technologies, but are also driven by how companies are implementing HR technology. Demand for cloud-based products is among the highest in Indian companies and companies are now using analytics to get hitherto unknown insights. We talked to the movers and shakers of the space to find out which trends were dominating the scene.

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HR technology in India will mature when organizations think about how the solutions can enable business-relevant outcomes

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SHAKUN KHANNA is Executive Consultant- Smarter Workforce, IBM India/South Asia

Traditionally, the biggest focus of HR technology was to enable efficiencies. As a result, HR technology was geared heavily towards automating transactional processes such as Application processing, Tracking on boarding activities and Performance management, etc. In the last 12 months, the focus of HR Technology has shifted from efficiency to enhancing effectiveness of the HR processes to create measurable business impact.

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The strife between the older generation workforce trying to enforce controls & the younger generation eager to make changes will drive HR technology. Mobile, cloud, and social will continue to remain buzzwords for a while

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BALAJI GANESH is the CEO of Adrenalin eSystems

Mobile and social are driving the HR technology space across the globe. While HR priorities such as hunt for good talent, grooming talent and making them more productive still remain, the channels to effectively meet them has changed to mobile and social due to the speed of these services.

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Companies will be able to leverage information from the cloud and business decisions based on them

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KIRAN KUMAR is Member of Founding Team & Business Head, PeopleStrong HR Services

The world of HR technology has undergone several changes in the last few years. Earlier, companies relied on getting major HR implementations at an organization-wide level typically through an enterprise system. Requiring huge investments, and implementation efforts, these systems were difficult to update and tedious to fix.

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As CHROs demand that the HR manager be available for strategic activities, employee self-service and mobile self-service are rapidly picking up in organizations

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RANJAN TAYAL, Sr. VP & SBU Head- Ramco HCM on Cloud, Ramco Systems

Several key developments are changing the nature and mechanism of HR technology delivery in the coming months. While some of these developments are a result of new economic conditions, several others are a factor of the growing maturity of the market and also of supply-driven evolution.

The high demand for performance management solutions in the market is compelling HR technology companies to build robust enhancements into their performance management products, employee self-service and mobile self-service and rapidly picking up in organizations

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PANKAJ BHARGAV is the CEO of HRMantra Software

Technology companies are investing in developing performance management products with new features and enhancements. Several new concepts such as bell curve analysis are finding their way into performance management technologies.

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