Despite cost cutting measures in health care, expenditures on human capital technology have been on the rise, largely driven by a need for more efficiency.
A majority of human resource professionals (88%) said they plan to spend the same amount or more on technology and systems this year compared to last, according to new research from Towers Watson. According to the 2015 HR Service Delivery and Technology Survey, organizations are replacing their core HR management systems more frequently than ever before every three to five years versus a historical five to seven years.
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