Nearly half of tech companies will replace their HR system this year

Disruptive companies must switch HR to SaaS, says Dr. Steve Garnett, Salesforce.com EMEA Chairman

Reading, UK 22nd April 2014 – As UK cloud-based HCM vendor Fairsail prepare to release the findings gathered from interviews with technology companies across the UK, Dr. Steve Garnett, Salesforce.com EMEA Chairman and non-executive director at Fairsail, comments on HCM, the fastest growing space in software:

“The cloud revolution has reached HCM and the business world cannot risk ignoring people and people systems in the race for growth,” says Garnett. “There has never been so much focus in this area - Fairsail’s new research shows that 76% of companies plan to change their HR/HCM system. Of those companies, 60% plan to start the project in 2014.”

It’s one of many statistics Fairsail will reveal during their breakfast event on 29th April at 30 St. Mary Axe, where attendees will receive an exclusive copy of Fairsail’s findings. The report includes the full research results collected from in-depth discussions with over 30 global technology companies to gauge attitudes and strategies surrounding HCM systems.

The event will also feature keynote speaker Roddy Temperley, Group HR Director at SDL, a global customer experience management vendor. Temperley will deliver a case study on how Fairsail has become the backbone of SDL’s business transformation project.

2014, predicted to be the year of talent management, will see the market players battle it out in the HR SaaS space (Forbes). Fairsail is investing heavily to promote its specialist HR solution and global customer portfolio. The company is backed by a technology leadership team from Salesforce, IBM, Russell Reynolds, and Baker Tilly.

For the year, the privately-held Fairsail recorded a 200% increase in top line sales, reflecting an increased appetite for cloud-based HR and HCM solutions capable of dealing with globally dispersed workforces. “It's incredible that so many technology companies use spreadsheets and MS Office to manage such a critical department, but then in recession that's what tends to happen,” says Fairsail CEO Adam Hale. “In the past 6 months we’ve seen unprecedented uptake of HCM, particularly from disruptive multi-nationals who recognise the need to remove manually intensive barriers to growth.”

Senior executives from technology companies will attend the event and there will be an open discussion of the findings.