The Human Capital Management Revolution

Tim Low, PayScale

It is HR's time in the sun. Technologically-speaking, that is.

While the past several decades have delivered ever more sophisticated capabilities to businesses in the form of software, analytics and transaction processing tools, HR was always a bit of an afterthought. Oh, there was the PeopleSoft wave of the 90s and even an ongoing flirtation with 'employee self service' which was really aimed at getting the employee to do the data entry so that HR didn't have to hire clerks to do it. And while these systems—often closely tied to financials because the real goal was to get payroll right—provided some benefits, they were mostly administrative, not game-changing.

It's a new era for technology in HR. HR tech is arguably one of the hottest categories in enterprise software (note Oracle's acquisition of Taleo, SAP's acquisition of SuccessFactors, IBM's acquisition of Kenexa, and the white-hot $627M Workday IPO ). Why is it happening?

The Global Economy is now People-Driven
Since the industrial revolution, until about the middle of the 20th century, the economy was characterized by, and focused on improving production. And that meant producing something, a physical good. Today's modern economy has experienced a radical shift. While making things still matters, you've no doubt noticed that your car now comes with a good dose of software and even your coffee can now be purchased by waving your phone at the counter at some Starbucks. These products and experiences require more than just production and an efficient supply chain. Increasingly, all types of products are surrounded by, and in fact dependant upon, technology and services to deliver the ultimate value to the customer. This requires people to conceive, to design, to engineer, to market and to maintain; and those people need to be smart and skilled. In this economy, the ability to attract talent and to retain it becomes an important competitive advantage. So does the way you engage with your employees to create a high performing culture, and the way you compensate them to reward the performance that drives your success.

The Cloud Really is Good for Businesses
Ahh the cloud. It is a popular word and concept this year. It's about a lot of things, but chief among them for businesses (and for HR and Finance) is that it moves the pain of managing software back to the vendor and away from the customer. The customer still has to figure out how to manage their processes, but the technical challenges of the past several decades of enterprise software, along with the multi-year, multi-million-dollar implementation costs, are largely eliminated with Cloud applications and services. 

The Last Frontier is HR
This sea of change in technology has in turn spawned a brand new era of modern HR applications, now under the heading of Human Capital Management software. Broadly this category includes applications for Talent, Learning, Core HR and Performance. This breaks down further into apps for recruiting and engagement, employee collaboration and social performance management, for online learning and video interviews, for annual reviews, for creating compensation programs, etc. etc. What this points to is a realization that in today's economy, there is enormous strategic value in these people-centric business processes. By embracing this modern era of HR technology to maximize the value of talent to an organization's success, human resources leaders have the opportunity to move beyond compliance and administration and to actually sit at the table with CXOs.

More than 2,300 organizations use PayScale's subscription software to:

  • Allocate raises. PayScale Insight allows you to allocate raises based on employee performance and labor budget.
  • Attract talent. Price jobs based on your local market and competition.
  • Retain employees. Get pay right and show them how you did it. Your employees will be more satisfied to stay.
  • Drive performance. Get their salary right so they can focus on doing a good job.
  • Be confident. With know-how to talk about comp with anyone.

What are you waiting for?
Get Demo Now!


  1. 2 Monique Robinson 22 May
    Hi everyone,I'm so excited my husband is back after a break up and you can also fix your Broken Relationships, Separations, Divorce & Get your ex Back,i give you 100% guarantee that Dr Unity the powerful spell caster will help you!!. My husband broke up with me last week, i was so frustrated and i could not know what next to do again, i love my husband so much but he was cheating on me with another woman and this makes him broke up with me so that he can be able to get marry to the other lady and this lady i think use witchcraft on my husband to make him hate me and my kids and this was so critical and uncalled-for,I cry all day and night for God to send me a helper to get back my man until i went to NY to see a friend and who was having the same problem with me but she latter got her Husband back and i asked her how she was able to get her husband back and she told me that their was a powerful spell caster in Africa name Dr.Unity that he help with love spell in getting back lost lover back, and i decided to contacted the same Dr.Unity and he told me what is needed to be done for me to have my man back and i did it although i doubted it but i did it and the Dr told me that i will get the result after 48hours, and he told me that my husband was going to call me by 9pm in my time and i still doubted his word, to my surprise my husband really called me and told me that he miss me so much, Oh My God! i was so happy, and today i am happy with my man again and we are joyfully living together as one good family and i thank the powerful spell caster Dr.Unity of , he is so powerful and i decided to share my story on the internet that good spell casters still exist and Dr.Unity is one of the good spell caster who i will always pray to live long to help his children in the time of trouble, if you are there and your lover is turning you down, or you have your husband moved to another woman, do not cry anymore contact the powerful spell caster Dr.Unity on his email: .if you have any problem contact Dr.Unity i guarantee you that he will help you and i am Monique Robinson by name a US citizen, 28 years Old. I reside here in Silver Springs Florida. My residential address is as follows. 7008 E Hwy 326 Silver Springs Florida 34488, United States,Thank you so much Dr Unity.
  2. 1 jose sianez 21 Feb
    Useful information


  1. Please prove to us that you're not a robot:


Career News