HCM Software Growth

Research group IDC are reporting growth in the Human Capital Management field from £700m today to £1bn in 2010. Much of this growth appears to come from the increasing complexity in managing the HR function. Bo Lykkegaard, an analyst at IDC said;

"Employers are looking for next-generation HCM software," he said. "New markets such as workforce management and workforce optimisation are becoming critical areas."

Perhaps better use of software will help answer some of the questions raised by this Personnel Today piece and tie in with ideas around HR Strategy as pointed out here?

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