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time, strategic companies target their talent strategies with surgical precision in order to optimise their use of finite resources. Keeping up with changing talent strategies requires flexible


business solutions as well as reliable workforce insight. SaaS solutions were designed to meet the needs of modern business with flexible design, lower TCO and continuous innovation.


3. Technology Innovation Consumer technologies tend to converge over time. Consider how easy it is to take a picture, look up information, track appointments, navigate, play a game, watch a video, read a book, submit or approve an expense report, send a message, add contact information, play music, or make a call using a cell phone. Similarly, computing and internet technologies have converged


over the last decade, making it possible to harness the power of social computing anytime, anywhere and from any device. Consider that at this very moment there are more people accessing


internet services from their mobile phones than using personal computers. Over the past decade mobile has been one of the fastest- growing major industries on the planet and accounts for about 2% of the total global GDP. Given the rising adoption of cloud-based applications by


consumers, it’s not surprising that modern professionals expect the same capabilities from their business applications. SaaS solutions enable people to work collaboratively from any location, anytime, and from any device.


4. Competition for Talent According to Manpower’s latest global annual survey, 46% of senior human resources executives said that a talent gap was making it difficult to implement business strategy. Only 27% said they felt their business had the talent it needed. In other words, companies are unable to realise their business


objectives because they lack the right people to make it happen. Some companies are hampered by lack of visibility into their current workforce while others are held back by outdated notions of how to attract, retain and develop talent. Whatever the cause, the result is mediocre business performance


today and a bleak outlook for future growth. To retain and engage top talent, companies must get better at assessing the talent they have today and optimising how current talent is deployed. Better workforce insight can help companies make better use of talent, foster a higher level of engagement and navigate economic fluctuations more smoothly.


Increasingly, business leaders are realising that their current patchwork solution landscape is incapable of delivering the business information they need and is too inflexible to keep up with business change.


SaaS solutions offer superior real time business insight and


flexibility while eliminating the need for software upgrades, liberating expertise to focus on more strategic initiatives.


5. Sustainability Modern corporations rely on data, which is why corporate data


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centers house thousands of servers to provide that data. However, as the demand for data and computing resources continues to increase, the rising cost and environmental impact of providing that data threatens to have a significant impact on corporate profitability. Meanwhile, corporate stakeholders such as regulators,


stockholders and consumers are taking a greater interest in how companies manage their carbon footprints. Companies are also finding it increasingly difficult to recruit and retain top talent without a serious sustainability agenda. Increasingly, companies that want to thrive in a world where


corporate stakeholders are watching will need to offer a compelling sustainability strategy. SaaS solutions are inherently more sustainable than on-premise alternatives because computing resources are shared and optimised across a large number of customers.


Modern Business Runs in the Cloud Global markets, economic uncertainty, evolving technologies, competition for talent and the growing need for sustainable business practices have all created a growing demand for more affordable, flexible and sustainable business solutions. If we compare the fates of corporate giants Amazon and Kodak,


it’s clear that innovation is key to succeeding in today’s business climate. Companies must be able to quickly formulate and execute on new strategies in order to meet changing business needs. SaaS-based solutions help companies navigate the challenges of modern business:


n SaaS solutions offer a unified platform to manage a global workforce.


n SaaS solutions have significantly lower TCO than on-premise solutions.


n SaaS solutions help drive innovation with flexible design and seamless updates.


n SaaS solutions enable business users to work anytime, anywhere and from any device.


n SaaS solutions are inherently more sustainable than on-premise alternatives.


With the significant business, consumer and environmental benefits offered by SaaS solutions it’s no surprise forward-thinking companies are turning to the cloud for their HR technology. This is an excerpt of a new Workday Whitepaper. To read the full


paper and understand how Workday addresses these five challenges, please visit www.workday.com/uk.


Laura Schroeder (pictured) is EMEA Senior Product Marketing Manager for Workday and is responsible for understanding market needs and European trends to influence product strategy. Laura has 15 years’ experience designing, developing, implementing and evangelising global Human Capital Management (HCM) solutions.


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