The adoption of cloud services such as storage, CRM, etc., are a given at
this point. One of the faster growing sectors, though, is in human resources
management (HRM), sometimes known as human capital management, which is an
approach to employee staffing where people are looked at as assets (human
capital) whose value can be measured and can be enhanced through investment.
Gartner predicts that cloud systems will account for almost half of the $9
billion human capital management systems market in 2015. By leveraging the
cloud, businesses can outsource core human resources (HR) functions like
payroll, benefits, and risk and compliance, eliminate the burden of HR
administration and focus on growing their businesses.
The intersection of HR and cloud computing marks an important step in the
evolution of HR technology. Through the cloud, HR technology can offer