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Economic worry may be impacting HR budgets

On last week’s earnings call with financial analysts, Workday Inc. CEO Aneel Bhusri was asked for his opinion on the broader economic outlook. He was both vague and definitive. His company wasn’t seeing problems in its own product pipeline, “but there is no question there is uncertainty in the air,” he said.

In HR departments, the uncertainty has turned into action, according to Gartner. In a survey of 171 HR managers, 92% said they are now “prioritizing budgeting and cost optimization initiatives.”

This means HR managers are taking specific steps to control spending, said Daniel Dirks, managing vice president at Gartner’s HR practice. The most likely effects are on department hiring and technology buying decisions, he said.

A hiring freeze would be near the top of HR budget actions, “because it is relatively easy to do,” Dirks said. HR managers are also taking a hard look at their tech vendor contracts. They are “making sure what was promised in the contract is really being delivered,” he said.

But no worries, so far, in HR tech

The concern about an economic downturn is not turning up in HR vendor spending.

On Aug. 29, Workday, for instance, reported total revenues of nearly $888 million, an increase of 32% from the same quarter a year ago.

There is no question there is uncertainty in the air.
Aneel BhusriCEO, Workday

ADP LLC recently reported a revenue increase of 6% to $14.2 billion. Lisa Ellis, a MoffettNathanson partner who leads its payments, processors, and IT services business, described the increase as “great results” on a July 31 analyst call. Ellis also noted on the call that ADP’s guidance for 2020 “implies a pretty robust outlook on the U.S. economy.”

Venture capital (VC) investments in HR remain strong, according to HRWins, which reported nearly $1.5 billion in global HR VC investment in the second quarter. It sees 2019 VC investment outpacing last year by a strong margin.

Nonetheless, Dirks said there is a “change in sentiment and in mindset” in HR because of the economy. For the last 10 years, HR priorities have focused on finding talent and investing in tech; cost optimization is now emerging as a new priority. But Dirks said the new priority isn’t necessarily emerging at the expense of HR’s other priorities.

Gartner is also advising HR managers to play a broader role in watching the economy. It recommends teaming up with peers in finance and sales, for instance, to look at broader economic data.

HR managers have expertise in the labor market and may be able to identify market shifts. This could include, for instance, an increase in part-time hiring, if firms are becoming more conservative in hiring full time.

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For Sale – CLEAROUT: Synology NAS, Hazro 27″ 1440P Monitor, Chuwi Surbook (Surface pro copy).

Evening all, Doing a yearly clearout of IT Tech that i need to get rid of so first point of call would be on here.

Synologys 212j NAS drive – £50
Currently Diskless as the drives are in use but has been running flawlessly since new. Handy little NAS drive to backup key files.

Hazro HZ27WB Graphics Monitor – £90
Brilliant monitor used in my old IT job, advertised as a 10 bit panel with hefty specs, review and more information can be found here
https://www.trustedreviews.com/reviews/hazro-hz27wc

Chuwi Surbook 128GB SSD – £225
Purchased last year. Intel Apollo Lake CPU, 6GB RAM with 128GB SSD with the surface pro form factor its a very capable little workbook. Bought for the mother in law but now moved on to a Ipad Pro. Backlit keyboard and Stylus pen also included.
Full review here Chuwi SurBook | TechRadar

Welcome to collect or can be posted out once i obtain a quote. Sensible offers welcome

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Price and currency: 1
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DO NOT proceed with a deal until you are completely satisfied with all details being correct. It’s in your best interest to check out these details yourself.

For Sale – CLEAROUT: Synology NAS, Hazro 27″ 1440P Monitor, Chuwi Surbook (Surface pro copy).

Evening all, Doing a yearly clearout of IT Tech that i need to get rid of so first point of call would be on here.

Synologys 212j NAS drive – £50
Currently Diskless as the drives are in use but has been running flawlessly since new. Handy little NAS drive to backup key files.

Hazro HZ27WB Graphics Monitor – £90
Brilliant monitor used in my old IT job, advertised as a 10 bit panel with hefty specs, review and more information can be found here
https://www.trustedreviews.com/reviews/hazro-hz27wc

Chuwi Surbook 128GB SSD – £225
Purchased last year. Intel Apollo Lake CPU, 6GB RAM with 128GB SSD with the surface pro form factor its a very capable little workbook. Bought for the mother in law but now moved on to a Ipad Pro. Backlit keyboard and Stylus pen also included.
Full review here Chuwi SurBook | TechRadar

Welcome to collect or can be posted out once i obtain a quote. Sensible offers welcome

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Price and currency: 1
Delivery: Delivery cost is not included
Payment method: Cash, PayPal
Location: Hornchurch
Advertised elsewhere?: Not advertised elsewhere
Prefer goods collected?: I have no preference

______________________________________________________
This message is automatically inserted in all classifieds forum threads.
By replying to this thread you agree to abide by the trading rules detailed here.
Please be advised, all buyers and sellers should satisfy themselves that the other party is genuine by providing the following via private conversation to each other after negotiations are complete and prior to dispatching goods and making payment:

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DO NOT proceed with a deal until you are completely satisfied with all details being correct. It’s in your best interest to check out these details yourself.

For Sale – CLEAROUT: Synology NAS, Hazro 27″ 1440P Monitor, Chuwi Surbook (Surface pro copy).

Evening all, Doing a yearly clearout of IT Tech that i need to get rid of so first point of call would be on here.

Synologys 212j NAS drive – £50
Currently Diskless as the drives are in use but has been running flawlessly since new. Handy little NAS drive to backup key files.

Hazro HZ27WB Graphics Monitor – £90
Brilliant monitor used in my old IT job, advertised as a 10 bit panel with hefty specs, review and more information can be found here
https://www.trustedreviews.com/reviews/hazro-hz27wc

Chuwi Surbook 128GB SSD – £225
Purchased last year. Intel Apollo Lake CPU, 6GB RAM with 128GB SSD with the surface pro form factor its a very capable little workbook. Bought for the mother in law but now moved on to a Ipad Pro. Backlit keyboard and Stylus pen also included.
Full review here Chuwi SurBook | TechRadar

Welcome to collect or can be posted out once i obtain a quote. Sensible offers welcome

[​IMG]
[​IMG]
[​IMG]
[​IMG]
[​IMG]
[​IMG]

Price and currency: 1
Delivery: Delivery cost is not included
Payment method: Cash, PayPal
Location: Hornchurch
Advertised elsewhere?: Not advertised elsewhere
Prefer goods collected?: I have no preference

______________________________________________________
This message is automatically inserted in all classifieds forum threads.
By replying to this thread you agree to abide by the trading rules detailed here.
Please be advised, all buyers and sellers should satisfy themselves that the other party is genuine by providing the following via private conversation to each other after negotiations are complete and prior to dispatching goods and making payment:

  • Landline telephone number. Make a call to check out the area code and number are correct, too
  • Name and address including postcode
  • Valid e-mail address

DO NOT proceed with a deal until you are completely satisfied with all details being correct. It’s in your best interest to check out these details yourself.

For Sale – CLEAROUT: Synology NAS, Hazro 27″ 1440P Monitor, Chuwi Surbook (Surface pro copy).

Evening all, Doing a yearly clearout of IT Tech that i need to get rid of so first point of call would be on here.

Synologys 212j NAS drive – £50
Currently Diskless as the drives are in use but has been running flawlessly since new. Handy little NAS drive to backup key files.

Hazro HZ27WB Graphics Monitor – £90
Brilliant monitor used in my old IT job, advertised as a 10 bit panel with hefty specs, review and more information can be found here
https://www.trustedreviews.com/reviews/hazro-hz27wc

Chuwi Surbook 128GB SSD – £225
Purchased last year. Intel Apollo Lake CPU, 6GB RAM with 128GB SSD with the surface pro form factor its a very capable little workbook. Bought for the mother in law but now moved on to a Ipad Pro. Backlit keyboard and Stylus pen also included.
Full review here Chuwi SurBook | TechRadar

Welcome to collect or can be posted out once i obtain a quote. Sensible offers welcome

[​IMG]
[​IMG]
[​IMG]
[​IMG]
[​IMG]
[​IMG]

Price and currency: 1
Delivery: Delivery cost is not included
Payment method: Cash, PayPal
Location: Hornchurch
Advertised elsewhere?: Not advertised elsewhere
Prefer goods collected?: I have no preference

______________________________________________________
This message is automatically inserted in all classifieds forum threads.
By replying to this thread you agree to abide by the trading rules detailed here.
Please be advised, all buyers and sellers should satisfy themselves that the other party is genuine by providing the following via private conversation to each other after negotiations are complete and prior to dispatching goods and making payment:

  • Landline telephone number. Make a call to check out the area code and number are correct, too
  • Name and address including postcode
  • Valid e-mail address

DO NOT proceed with a deal until you are completely satisfied with all details being correct. It’s in your best interest to check out these details yourself.

For Sale – CLEAROUT: Synology NAS, Hazro 27″ 1440P Monitor, Chuwi Surbook (Surface pro copy).

Evening all, Doing a yearly clearout of IT Tech that i need to get rid of so first point of call would be on here.

Synologys 212j NAS drive – £50
Currently Diskless as the drives are in use but has been running flawlessly since new. Handy little NAS drive to backup key files.

Hazro HZ27WB Graphics Monitor – £90
Brilliant monitor used in my old IT job, advertised as a 10 bit panel with hefty specs, review and more information can be found here
https://www.trustedreviews.com/reviews/hazro-hz27wc

Chuwi Surbook 128GB SSD – £225
Purchased last year. Intel Apollo Lake CPU, 6GB RAM with 128GB SSD with the surface pro form factor its a very capable little workbook. Bought for the mother in law but now moved on to a Ipad Pro. Backlit keyboard and Stylus pen also included.
Full review here Chuwi SurBook | TechRadar

Welcome to collect or can be posted out once i obtain a quote. Sensible offers welcome

[​IMG]
[​IMG]
[​IMG]
[​IMG]
[​IMG]
[​IMG]

Price and currency: 1
Delivery: Delivery cost is not included
Payment method: Cash, PayPal
Location: Hornchurch
Advertised elsewhere?: Not advertised elsewhere
Prefer goods collected?: I have no preference

______________________________________________________
This message is automatically inserted in all classifieds forum threads.
By replying to this thread you agree to abide by the trading rules detailed here.
Please be advised, all buyers and sellers should satisfy themselves that the other party is genuine by providing the following via private conversation to each other after negotiations are complete and prior to dispatching goods and making payment:

  • Landline telephone number. Make a call to check out the area code and number are correct, too
  • Name and address including postcode
  • Valid e-mail address

DO NOT proceed with a deal until you are completely satisfied with all details being correct. It’s in your best interest to check out these details yourself.

For Sale – CLEAROUT: Synology NAS, Hazro 27″ 1440P Monitor, Chuwi Surbook (Surface pro copy).

Evening all, Doing a yearly clearout of IT Tech that i need to get rid of so first point of call would be on here.

Synologys 212j NAS drive – £50
Currently Diskless as the drives are in use but has been running flawlessly since new. Handy little NAS drive to backup key files.

Hazro HZ27WB Graphics Monitor – £90
Brilliant monitor used in my old IT job, advertised as a 10 bit panel with hefty specs, review and more information can be found here
https://www.trustedreviews.com/reviews/hazro-hz27wc

Chuwi Surbook 128GB SSD – £225
Purchased last year. Intel Apollo Lake CPU, 6GB RAM with 128GB SSD with the surface pro form factor its a very capable little workbook. Bought for the mother in law but now moved on to a Ipad Pro. Backlit keyboard and Stylus pen also included.
Full review here Chuwi SurBook | TechRadar

Welcome to collect or can be posted out once i obtain a quote. Sensible offers welcome

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[​IMG]
[​IMG]
[​IMG]
[​IMG]
[​IMG]

Price and currency: 1
Delivery: Delivery cost is not included
Payment method: Cash, PayPal
Location: Hornchurch
Advertised elsewhere?: Not advertised elsewhere
Prefer goods collected?: I have no preference

______________________________________________________
This message is automatically inserted in all classifieds forum threads.
By replying to this thread you agree to abide by the trading rules detailed here.
Please be advised, all buyers and sellers should satisfy themselves that the other party is genuine by providing the following via private conversation to each other after negotiations are complete and prior to dispatching goods and making payment:

  • Landline telephone number. Make a call to check out the area code and number are correct, too
  • Name and address including postcode
  • Valid e-mail address

DO NOT proceed with a deal until you are completely satisfied with all details being correct. It’s in your best interest to check out these details yourself.

For Sale – CLEAROUT: Synology NAS, Hazro 27″ 1440P Monitor, Chuwi Surbook (Surface pro copy).

Evening all, Doing a yearly clearout of IT Tech that i need to get rid of so first point of call would be on here.

Synologys 212j NAS drive – £50
Currently Diskless as the drives are in use but has been running flawlessly since new. Handy little NAS drive to backup key files.

Hazro HZ27WB Graphics Monitor – £90
Brilliant monitor used in my old IT job, advertised as a 10 bit panel with hefty specs, review and more information can be found here
https://www.trustedreviews.com/reviews/hazro-hz27wc

Chuwi Surbook 128GB SSD – £225
Purchased last year. Intel Apollo Lake CPU, 6GB RAM with 128GB SSD with the surface pro form factor its a very capable little workbook. Bought for the mother in law but now moved on to a Ipad Pro. Backlit keyboard and Stylus pen also included.
Full review here Chuwi SurBook | TechRadar

Welcome to collect or can be posted out once i obtain a quote. Sensible offers welcome

[​IMG]
[​IMG]
[​IMG]
[​IMG]
[​IMG]
[​IMG]

Price and currency: 1
Delivery: Delivery cost is not included
Payment method: Cash, PayPal
Location: Hornchurch
Advertised elsewhere?: Not advertised elsewhere
Prefer goods collected?: I have no preference

______________________________________________________
This message is automatically inserted in all classifieds forum threads.
By replying to this thread you agree to abide by the trading rules detailed here.
Please be advised, all buyers and sellers should satisfy themselves that the other party is genuine by providing the following via private conversation to each other after negotiations are complete and prior to dispatching goods and making payment:

  • Landline telephone number. Make a call to check out the area code and number are correct, too
  • Name and address including postcode
  • Valid e-mail address

DO NOT proceed with a deal until you are completely satisfied with all details being correct. It’s in your best interest to check out these details yourself.

For Sale – CLEAROUT: Synology NAS, Hazro 27″ 1440P Monitor, Chuwi Surbook (Surface pro copy).

Evening all, Doing a yearly clearout of IT Tech that i need to get rid of so first point of call would be on here.

Synologys 212j NAS drive – £50
Currently Diskless as the drives are in use but has been running flawlessly since new. Handy little NAS drive to backup key files.

Hazro HZ27WB Graphics Monitor – £90
Brilliant monitor used in my old IT job, advertised as a 10 bit panel with hefty specs, review and more information can be found here
https://www.trustedreviews.com/reviews/hazro-hz27wc

Chuwi Surbook 128GB SSD – £225
Purchased last year. Intel Apollo Lake CPU, 6GB RAM with 128GB SSD with the surface pro form factor its a very capable little workbook. Bought for the mother in law but now moved on to a Ipad Pro. Backlit keyboard and Stylus pen also included.
Full review here Chuwi SurBook | TechRadar

Welcome to collect or can be posted out once i obtain a quote. Sensible offers welcome

[​IMG]
[​IMG]
[​IMG]
[​IMG]
[​IMG]
[​IMG]

Price and currency: 1
Delivery: Delivery cost is not included
Payment method: Cash, PayPal
Location: Hornchurch
Advertised elsewhere?: Not advertised elsewhere
Prefer goods collected?: I have no preference

______________________________________________________
This message is automatically inserted in all classifieds forum threads.
By replying to this thread you agree to abide by the trading rules detailed here.
Please be advised, all buyers and sellers should satisfy themselves that the other party is genuine by providing the following via private conversation to each other after negotiations are complete and prior to dispatching goods and making payment:

  • Landline telephone number. Make a call to check out the area code and number are correct, too
  • Name and address including postcode
  • Valid e-mail address

DO NOT proceed with a deal until you are completely satisfied with all details being correct. It’s in your best interest to check out these details yourself.

For Sale – CLEAROUT: Synology NAS, Hazro 27″ 1440P Monitor, Chuwi Surbook (Surface pro copy).

Evening all, Doing a yearly clearout of IT Tech that i need to get rid of so first point of call would be on here.

Synologys 212j NAS drive – £50
Currently Diskless as the drives are in use but has been running flawlessly since new. Handy little NAS drive to backup key files.

Hazro HZ27WB Graphics Monitor – £90
Brilliant monitor used in my old IT job, advertised as a 10 bit panel with hefty specs, review and more information can be found here
https://www.trustedreviews.com/reviews/hazro-hz27wc

Chuwi Surbook 128GB SSD – £225
Purchased last year. Intel Apollo Lake CPU, 6GB RAM with 128GB SSD with the surface pro form factor its a very capable little workbook. Bought for the mother in law but now moved on to a Ipad Pro. Backlit keyboard and Stylus pen also included.
Full review here Chuwi SurBook | TechRadar

Welcome to collect or can be posted out once i obtain a quote. Sensible offers welcome

[​IMG]
[​IMG]
[​IMG]
[​IMG]
[​IMG]
[​IMG]

Price and currency: 1
Delivery: Delivery cost is not included
Payment method: Cash, PayPal
Location: Hornchurch
Advertised elsewhere?: Not advertised elsewhere
Prefer goods collected?: I have no preference

______________________________________________________
This message is automatically inserted in all classifieds forum threads.
By replying to this thread you agree to abide by the trading rules detailed here.
Please be advised, all buyers and sellers should satisfy themselves that the other party is genuine by providing the following via private conversation to each other after negotiations are complete and prior to dispatching goods and making payment:

  • Landline telephone number. Make a call to check out the area code and number are correct, too
  • Name and address including postcode
  • Valid e-mail address

DO NOT proceed with a deal until you are completely satisfied with all details being correct. It’s in your best interest to check out these details yourself.