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In This Edition
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August 26, 2004
Tools You Can Use:
-- Time to Project Payback
-- Software: Buy or Rent?
-- Reader Question: HR Automation Costs
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Time to Project Payback
Technology budgets are rising, but that doesn't mean the financial
pressure's off. New projects (and old ones, for that matter) have to
pay for themselves, and pretty quickly. How fast can you get that
"investment" returned? This calculator from Baseline's Premium Tool Library
can help you determine the estimated time to paypack on your next project.
http://eletters.baselinemag.com/zd1/cts?d=77-143-2-1-127070-16435-1
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Software: Buy or Rent?
"Renting" software from a service provider is often cheaper and easier
than buying or building it yourself. But does it make sense for you?
Purchase this interactive calculator to find out.
http://eletters.baselinemag.com/zd1/cts?d=77-143-2-1-127070-16438-1
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Reader Question
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HR Automation Costs
Steve Barney, an HR exec with the NYC Dept. of Health, asks "What is
the average cost and implementation time of an HR management system.
Bad news, Steve. A report from IDC ballparks the purchase price at
$600,000 for a 3,000-person company. Workforce Management magazine
offers worksheets on the topic that guesstimate the purchase price at
$750,000 and the implementation cost at $1.5 million. Click on Purchase
Implementation costs from the page listed here.
http://eletters.baselinemag.com/zd1/cts?d=77-143-2-1-127070-16441-1
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