Experts: Now’s a good time for tech spending
January 28, 2009 by Sam Narisi
Filed under: Applicant tracking systems, HRIS software, In this week's e-newsletter, Latest News & Views
Filed under: Applicant tracking systems, HRIS software, In this week's e-newsletter, Latest News & Views
Despite current economic conditions, a recent survey shows companies are still finding HR technology to be a valuable investment.
More than 40% of companies plan to spend the same amount on HR-related software in 2009 as they did in 2008, according to a recent survey by International Association for Human Resources Information Management.
For 21% of companies, the HR tech budget will increase, while it’ll decrease at 37% of firms.
Where’s the money going?
Companies spending money in 2009 said they’ll be buying:
- onboarding software (28%)
- benefits management tools (25%), and
- general HR management systems (12%).
For companies with money earmarked for technology purchases, some experts say now is the best time to spend it — many vendors may be hurting for sales and will be willing to negotiate discounts to attract new customers.
