HR software sales slow

HR software sales have slowed during the recession, experts say, but overall spending on applications for HR is still expected to grow this year, says Workforce Management.

And despite the downturn, investments are being made in HR software vendors and technologies that could lead to new capabilities when the economy eventually recovers.

Josh Bersin, head of research firm Bersin & Associates, said private equity money is “just being poured into this market” these days. “In the long run,” he said, “it's going to help the market grow.”

The Singapore government is offering to pick up 70% of the tab for small firms reviewing their human resources processes with the help of specialist consultants, reports Thomsons.

Funded by Spring Singapore, the scheme will set up projects under the Human Resource Capability Programme. Spring chief executive Png Cheong Boon said: 'Manpower recruitment continues to be rated among the top three hindrances to growth for most SMEs.”

He adds that the new programme should encourage SMEs to improve HR management capabilities, employee benefit technology as well as better attract and retain good employees.

ADP Employer Services, a provider of HR, payroll and benefits administration services, now services more than 115 000 employees for clients using ADP's HR/Benefits Administration Service (HR/BAS), reports Market Watch.

This illustrates how SMEs are successfully adopting full-service benefits outsourcing to leverage efficiencies for their organisation.

ADP's HR/BAS utilises a proven technology and provides a dedicated service team of benefits professionals ready to answer employee questions, process benefit enrolments and manage insurance carrier billing.