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The Future of Workforce Management

 

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The Future of Workforce Management

We’ve known for over a decade that the cloud would revolutionize business, yet IBM estimates that 80 percent of mission-critical business processes are still hosted on-premise. The adoption curve for Software-as-a-Service (SaaS) in human capital management (HCM) and workforce management (WFM) was slower than in other industries.

Gartner predicts that by 2023, 95 percent of sales of new WFM applications will be deployed in the cloud. Presently, slightly over 50 percent of sales are cloud-deployed.

As the cloud becomes the focus, what can workforce management do? What capabilities can organizations expect from their WFM and HCM suites? And what does it all mean for you as a potential buyer of those suites? Which you likely are; 60 percent of senior leaders expect their WFM budgets to increase in 2019 and beyond, while only 13 percent expect a decrease.

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