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Why CHROs need to own the HR tech budget
- HR leaders are nearly 40% more likely to be viewed as strategic if they are responsible for the HR tech budget.
- Allocating the HR tech budget effectively requires human resource expertise.
- HR tech spending plans remain steady year over year with 41% of companies planning to increase their HR tech budgets.
- Having HR at the helm of the tech budget, investments align with strategic people goals.
- The top spending areas for 2025 are likely to include improvements to global payroll, HRMS replacement, learning, and benefits.
- Control over HR tech budget affects how resources are allocated and who has the final say in technology decisions.
- HR professionals who manage the budget are better positioned to advocate for technologies supporting strategic initiatives.
- HR and IT collaboration is necessary for implementing and maintaining HR systems efficiently.
- HR portals, employee and manager self-service tools, content and document management, employee help desks, case management, and survey and engagement platforms play a strategic role in 2025.
- HRSD applications manage an organization’s most sensitive employee information and significantly influence how employees and managers interact with HR.
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