A good number of organizations find it challenging to handle dozens or even hundreds of speculative application letters. Such occasions lead to wastage of time and even human resources to apparently intolerable levels. This happens even before advertisements get placed for specific positions. In most cases, such applications receive a decline from the respective organization. It is challenging to post an individual reply to all applicants due to constraints of time and other resources.
A recent study conducted by IDG Connect revealed that 53% of the respondents, which included IT executives working in organizations with 1,000+ employees, are still using outdated on-premise solutions for Human Resources. Thankfully, more than half of those respondents are planning to switch to a cloud-based SaaS solution within the next six months.
Gartner Group projects 2015 SaaS sales will reach $21.3bn. Customer Relationship Management (CRM) is still SaaS’ largest market – however, HRM, ERP and CM solutions aren’t far behind.
SaaS is poised to revolutionize Human Resources. But what exactly is a SaaS solution? And why are SaaS solutions all the rage?