Identify the ROI of an HR Cloud Upgrade
Upgrade your HR system the smart way.
As businesses grow in complexity, HR is turning to the cloud to simplify tasks, integrate business processes, and unify business data for a more agile, productive future.
But upgrading can be expensive. To get the green light from the C-suite, HR needs to match the right solution with business initiatives and demonstrate a strong set of ROI metrics to match.
Cloud Inevitability
On-premises or cloud? It’s a question every business must ask when choosing a new HR solution. But as the 73%1 of businesses already running HR processes in the cloud will attest, the decision to go with the cloud pays off.
78%
are satisfied
the cloud
meets their
business needs2
40%
have upgraded
their core HR
processes to
the cloud3
Cloud Initiatives
When evaluating a system upgrade, it’s important to choose a solution best suited to your technology and business initiatives. When asked for their top HR tech initiatives in 2018, organizations cited the following areas of interest4—all of which are enabled by the cloud.
Process improvement
Talent management
HR systems strategy
Service delivery
Essential ROI Metrics
To build confidence in an HR system upgrade, it’s critical you have a well-defined set of metrics to identify the ROI of your chosen solution. Essential metrics include:
Financial
The cost of your current system versus the TCO of a new solution.
Staff gains
Current full-time equivalents versus personnel savings by upgrading
Information handling
Reduced admin times and manual processes, and faster processing