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Hosted HR - On Demand and in Demand
1 December 2008:
You’re looking at the arrival of a new level of online HR software known as hosted, on-demand or SaaS - Software as a Service. Hosted Human Resource software systems leave behind traditional software licenses and in-house installations in favour of a subscription-based hosted approach, which delivers an application over the Internet to anyone with a web browser.
So rather than having to spend hundreds or thousands of pounds on software licenses, companies who are wise enough to choose an on-demand online HR solution are billed on a monthly basis only for the application in use and the number of employees who access the software. Not only that, but hosted HR means that companies can avoid the pain and expense of buying regular upgrades, since on-demand applications are automatically updated and delivered to customers.
In-House Versus Outsourcing
On-demand HR solutions are growing in the US and now in the UK. According to a study by market-research study by AMI-Partners Inc, more than 34 percent of medium-sized businesses are using Internet-based HR services, while 21 percent of small businesses have swopped over to on-demand hosted HR AMI-Partners analysts expect those numbers to rise over the next few years, as small - to medium sized businesses discover that web-based HR solutions can hit exactly the right balance between in-house HR systems, which can be costly and resource-intensive, and full-service HR outsourcing, which can also be expensive. Now all the indications are that the same rise in hosted HR software is going to take place in the UK.
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Source: Submiter
