As technology accelerates far beyond current business practices, companies increasingly find themselves playing catch-up. Paper-and-desktop approaches to problems moving at the speed of social networks and the cloud don't stand a chance. Perhaps the most important area in which businesses sorely need an update is in their HR departments.

Not only is the work changing, but the worker is changing -- with a rising generation of new workers who expect and thrive in a mobile, socialized environment, traditional HR feels antiquated and obsolete. Using Workday's software-as-a-service and cloud-based solutions, HR departments can undergo major overhauls without the cost of new software or hardware. SaaS solutions also avoid obsolescence five years down the line, allowing for constant updating rather than daunting upgrading.