Evaluating HR Tech Investments with a Focus on TCO

According to Gartner, by 2025, 60% of mid-sized and large enterprises worldwide will have made investments in 
cloud-based human capital management (HCM) suites. These suites will primarily be used for administrative human resources tasks and talent management. Nevertheless, these organizations will still find it necessary to obtain. 20% to 30%  of their HR needs, which often include Workforce Management (WFM) functionalities, from alternative solutions. Additionally, by the same year, it's anticipated that 80% of large enterprises employing hourly workers will invest in WFM systems. This investment aims to enhance the overall employee experience and support initiatives related to the digital transformation of the workplace. 

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