Having a cloud-based HCM system is proving to be increasingly important and widely accepted as the world and technology continue to rapidly evolve. Whether you track and manage all your necessary HR functions with an online software solution or even via Microsoft Excel, physical threats and security vulnerabilities are everywhere and the move towards cloud-based systems guards against these threats.
COVID-19 has accelerated this growth and 87% of global IT decision-makers agree the pandemic will cause companies to accelerate their migration to the cloud, anticipating a decline in on-premise systems by 20251. It is important to understand how cloud-based systems work and why they could potentially help your business thrive in the future.
Table of contents
- Why will cloud-based HCM systems work for the future?
- What to look for in compliance and localization?
- What is the difference between customization and configuration?
- What to consider to keep your data secure?
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A cloud-based HCM system can help centralize data, make it more accessible, enable real-time reporting, and make trend and information analysis much easier. Operating a cloud-based HCM system can really help bring the HR and Payroll departments to the forefront. They can really lead the way in employee engagement and retention and focus on achieving optimal workplace culture strategies.
Ultimately, it is important for every organization to think of the future and how it constantly improves its software solutions and deployment methods to reach operational goals.