Gartner Insights Abstract

Improve HR Technology Customer Retention by Avoiding Buyer Regret

Published: 12 July 2024

Summary

More than 80% of surveyed HR technology buyers experienced some regret from their software purchase. Product leaders can use this research to proactively address the sources of frustration to adjust product and engagement strategies for improved sales effectiveness and customer retention.

Included in Full Research

Overview

Key Findings
  • Significant investing in HR technology continues, but 83% of the buyers experience postpurchase regret. Regret is an issue for providers because it is correlated with longer buying cycles and resistance to adoption.

  • Regret is strongly associated with factors such as the frequent delay of buying decisions due to conflicting business objectives among the buying team stakeholders, 60% of whom are from areas outside of HR.

  • These challenges and frustrations drive up the cost of a sale and reduce the likelihood of account expansions for providers.

Recommendations

To reduce regret in HR software buying decisions, product leaders should:

  • Manage buyer expectations about

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Analysts:

Michelle Shapiro

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