Once you decide an RFx is the best way for your organization to assess the human capital management (HCM) market, you need to ensure the document includes everything vendors require to understand your organization and its challenges. If not, you could be setting yourself up for failure. Here are some pitfalls that can occur both before and after issuing an RFx:
PITFALL #1 Failure to understand company needs
Internal scoping for awareness is the most important step to uncover existing issues and requirements. If you don’t fully understand your organization’s needs, the vendor selection process may fail before it even begins.
PITFALL #2: Starting with a predetermined outcome
The HCM market isn’t static and going through a vendor selection process just to satisfy requirements won’t be efficient.
For more potential pitfalls that can occur when selecting an HCM vendor and best practices for avoiding them, download our insight.
