Dive Brief:

• Worldwide investment in corporate human resource technology continues to grow and is doing so at an exponential rate, according to Towers Watson's 2015 HR Service Delivery and Technology survey. 
• The survey also found that despite overwhelming satisfaction with HR technology, a surprisingly large number of companies are still using paper to perform various HR tasks.
• 88% said they plan to spend the same amount or more on HR technology and systems this year compared to last year. The survey noted that 30% of respondents will replace their core HR systems this year—an all-time high, with Workday as the preferred selection.      

Dive Insight:

"Modernizing core HR technology is emerging as the primary HR service delivery priority," said Mike DiClaudio, global leader of Towers Watson's HR Service Delivery practice. He added that past investments went maninly for talent, compensation and performance management, and that there is going to be dramatic shift to investing in core HR systems, especially of the cloud-based variety to replace traditional HR platforms.

A deeper dive found that employer interest continues to grow in the use of mobile technologies and HR portal technologies, with 61% planning to use mobile technologies for HR transactions this year, a sharp increase from last year (46%). The survey also indicated that two-thirds of respondents now have an HR portal in place, up from 60% last year. "The changing environment will lead companies to take a closer look at their overall HR technology needs," DiClaudio said.