SaaS (Software as a Service) is a fast-growing business model for acquiring, using and paying for functionality, including recruitment, hiring and human resources functions.
Two key things are behind the popularity of the SaaS pay-as-you-go model for human resources functions: low investment and deployment costs.
As a result, SaaS will be widely adopted in a variety of small- and medium-sized business (SMBs), and human resources functions. According to this infographic from Staff.com, the SaaS industry will reach $21.8 billion in sales by 2015.
What these numbers show is that there are prominent business advantages of SaaS for enterprise business applications. SaaS will provide tremendous value to SMBs, by working
with the advantages of the SaaS business model—improving business operations and improving the fulfillment of the growth challenges of human resources for small and midsize businesses.
Key industry trends that will contribute to the rapid global expansion of SaaS include examining ways to reduce recruitment, hiring, onboarding and other human resources costs.
10 reasons SaaS works for human resources functions:
Unlike traditional software, SaaS is a subscription service that includes upgrades, service and customer support. SaaS subscription models generally operate on a monthly subscription basis with no massive up-front costs.
Quick to Deploy
For SaaS, all you need is internet access and a web browser and. That is it; you are ready to go. Traditional software can take weeks to months to organize, SaaS solutions do not require any software and you get access your new software instantaneously.
Your SaaS dealer handles the infrastructure. SaaS vendor will take care of all of this, so you don’t have to.
The SaaS provider manages all software updates and upgrades, eliminating the need for downloading patches or regular updates. You will always have up to date software.
With traditional software, you have no guarantee on performance. With SaaS, you are guaranteed a level of service.
Backups and Data Recovery is Automatic
Traditional software has costly automated solutions for the process of backing up data on a regular basis. Even at its best, backup and recovery are difficult. SaaS eradicate this painstaking chore, initiating automatic backups without the need for user intervention. This ensures data integrity.
With an internet connection, SaaS can be accessed worldwide. Users can access their data and work from anywhere. This is perfect for home-workers or for people working across multiple sites.
Information is more secure with SaaS than in traditional software. In the event an accident occurs in one location, a second data center can continue providing the service.
High Adoption Rates
Since SaaS is over the internet, there is no learning curve because employees tend to already are used to working online.
Customer Relationships in the Long Term
This is the most significant. SaaS providers ensure you are long-term happy customers. Contrast this with out-of-date software vendors making profits only on the initial software license deal with a relatively small ongoing support payment. The focus is on you buying the license, not on long-term maintenance.
Infographic after the jump …