Midsize organizations find themselves in a unique position: they have surpassed smaller organizations in number of employees, business capabilities, and revenue, but have not usurped their stronghold of the business landscape as have larger corporations. How should these organizations manage their human capital and continue to grow their business and effectively compete in the market?
TEC human capital management (HCM) analyst Raluca Druta thinks midsize businesses must take HCM lessons and practices from both their smaller and larger counterparts—striving for the agility of smaller midsize businesses but competing for talent as fervently as larger midsize businesses. And they must look to the latest in technology improvements to help them stay competitive.
What types of HCM technologies should midsize organizations seek? Should these organizations purchase and implement best-of-breed HCM software solutions or full suite HCM solutions? And what are the most important factors to consider in the selection decision—short-term needs, long-term needs, or both? In this report, Druta offers HCM best practices for midsize organizations and looks at two real-life examples of how midsize organizations prioritized their HCM technology needs for the selection of a best-fit HCM software solution.