The market for corporate talent management software continues to surge forward. Our new research shows that this exciting market grew by 17% last year and is now over $5 billion in size. Why? Companies have now realized that “talent optimization” is key to their business success. And without integrated software to manage the people-processes in ... Read more»Read Full Post | Make a Comment ( None so far )
The HR analytics market has gotten white hot. With all the HR and talent management software out there, companies are now starting to invest very heavily in their HR analytics strategies. (For more on this topic, read about our BigData in HR research.)
Our research shows that only around 7% of HR organizations have reached ... Read more»Read Full Post | Make a Comment ( 1 so far )
Splunk, a company that uses BigData technology to analyze huge amounts of customer and transaction data, just went public with a valuation at 28X revenue ($3.2 billion). This valuation trumps the hot companies in social networking: Jive trades at 20X revenue, Google trades at 5X revenue, and Facebook, ... Read more»Read Full Post | Make a Comment ( None so far )
This week SuccessFactors and SAP announced their integration plans. Simply stated, the combined companies plan to move all their strategic talent management investments from SAP HCM and Business ByDesign into SuccessFactors, and build Employee Central (SuccessFactors’ central directory product) into its core cloud-based HRMS offering.
This is a bold and somewhat risky strategy. Let ... Read more»Read Full Post | Make a Comment ( None so far )
In the last 90 days we have seen SAP’s acquisition of SuccessFactors, followed by Oracle’s acquisition of Taleo, and then the smaller Kenexa acquisition of Outstart and PeopleFluent acquisition of Strategia.Read Full Post | Make a Comment ( None so far )
We just completed a year-long research study on the customer experience with talent management software. Despite the sky-high market valuations for these companies and the growth rate of the market, these products are not fully meeting customer needs. In fact, among the 1,146 companies we surveyed, their average overall satisfaction is 3.65 on a scale ... Read more»Read Full Post | Make a Comment ( 1 so far )
Today I had a chat with Paul Sparta, the founder of Plateau and one of the key product leaders at SuccessFactors and now SAP. Paul, who’s current title is Chief Integration Officer, shared some important thoughts with me which I felt were worth publishing.
1. As a result of the acquisition, the SuccessFactors ... Read more»Read Full Post | Make a Comment ( None so far )
Just last week we delivered a webinar on trends in the Talent Management Systems market, and discussed the fact that this market is rapidly becoming commoditized and that the big vendors were starting to make a major impact. Listen ... Read more»Read Full Post | Make a Comment ( None so far )
Over the last ten years or so the talent management software providers have had a party building up a $3 billion, fast-growing marketplace. Now, starting in 2011 and 2012, the elephants from the markets of core HR have arrived – and they plan to come in and start making the party a lot messier.
Last ... Read more»Read Full Post | Make a Comment ( None so far )
This week Taleo held their annual user conference and attracted more than 1,600 customers. As part of the event Taleo introduced two new product enhancements – one called Taleo Radar and the other a major announcement with LinkedIn. In this blog I will discuss Taleo’s strategy and talent intelligence story, and overview the Radar and ... Read more»Read Full Post | Make a Comment ( None so far )
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