According to the Bureau of Labor Statistics, rates of productivity in the United States have been underwhelming in the last 5 years. In fact, statistics show a growth rate that is notably lower when compared with the productivity rates since the Great Recession. This lack of growth is a direct contradiction to the evolution of digital technology considering that its sole purpose is to make business organizations more productive. I want to share with you my perspective on this inconsistency.
In the world of HR Technology, there is a standing belief that the major cause of low productivity is tech adoption and the inability of business organizations to capitalize on the potential of the new technologies, particularly cloud-based technologies. Since its introduction to the world of technology, cloud-based technologies were built to have an enormous impact on productivity. Its sole purpose is to allow employees to connect to company information from anywhere in the world, using any device. They are implemented because they offer a cost-effective and efficient way to work on a daily basis.
However, most organizations are not capitalizing on all the features and functionalities of the new cloud technologies due to a lack of preparation and insight to the future roadmap of these technologies. Preparation is often limited or completely obsolete at the project implementation level. Moreover, organizations never have a complete line of sight to the full capabilities of the solution resulting in low adoption rates.
Successful business transformation and high adoption rates with cloud technology are possible as demonstrated in this case study with Agios. A series of separate applications, an outdated HR Information System, Excel spreadsheets, Word Docs, and paper forms was replaced with a state of the art Human Capital Management (HCM) cloud-based system. Please contact me if you would like to learn more.