We have been carefully looking at the Talent Management Software market over the last few weeks, and the first quarter of 2009 was a bit of a disaster. The market for performance and succession management software, which we believe finished 2008 around $520M in size and is expected to grow to $655M in 2009,… Read more»
Read Full Post | Make a Comment ( 2 so far )Today Softscape settled the lawsuit filed by SuccessFactors in March of 2008. This lawsuit, which we wrote about in a prior blog post, revolved around a contentious sales presentation which was developed by Softscape and leaked into the public domain. In the final settlement Softscape agreed… Read more»
Read Full Post | Make a Comment ( None so far )As the US economy lost 240,000 jobs last month and the unemployment rate rises to 6.5%, one of the questions I know many people ask is the direction of the “talent management” marketplace. Let me give you our thoughts on the trends taking place.
First, the urgency of “talent management” in corporate HR organizations has… Read more»
Read Full Post | Make a Comment ( None so far )I have to smile. Today I read an interview with Harry Debes, the CEO of Lawson Software, discussing why he thinks the SaaS (Software as a Service) model will fade and die. While I dont agree 100% with his discussion, I do agree with much of what he has to say.
I also have lived… Read more»
Read Full Post | Make a Comment ( 1 so far )I just completed a series of interviews with three organizations going through the important, challenging, and time consuming process of implementing a new performance management system. In each case (a large healthcare provider, a global mining company, and a global call center operations company), the company is using the implementation of a performance management system… Read more»
Read Full Post | Make a Comment ( 1 so far )On March 12, two of the leading talent management software vendors went to war. SuccessFactors, a leading provider of performance management software, filed a lawsuit against Softscape, a leading provider of integrated talent management software.
The lawsuit, and continuing press releases, claims that Softscape inappropriately logged into SuccessFactors’ internal systems,… Read more»
Read Full Post | Make a Comment ( None so far )As we continue to study best-practices in talent management and talk with many organizations, we see more and more evidence that top-down goal alignment and transparency truly do drive business results.
For example, we recently had an in-depth discussion with the Vice-President of HR at Bon-Ton Stores, a highly-successful mid-sized retailer which operates among the higher… Read more»
Read Full Post | Make a Comment ( None so far )Last week was a big week in the world of corporate talent management systems. SuccessFactors, one of the fastest-growing providers of performance management software, went public. The initial IPO valued the company at about $500 Million, or close to 9 times sales. This valuation is very high relative to the other companies in… Read more»
Read Full Post | Make a Comment ( None so far )This year’s shootout focused on the powerful integration (but not well understood or adopted) between performance management and recruiting including the coveted, and often elusive measure of “quality of hire. Four leading talent management suite vendors were included; Authoria, HRsmart, SuccessFactors, and Vurv had 75 minutes to demonstrate… Read more»
Read Full Post | Make a Comment ( None so far )(This post was recently updated after conversations with
SuccessFactors VP of Product Marketing.)
Recently SuccessFactors Inc. filed their “S-1″ statement, a prospectus to file for public offering. SuccessFactors is one of the most interesting and fast-growing software companies in the talent management market. Looking at the S-1 filing helps us understand many things… Read more»
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Josh Bersin is President and CEO of Bersin & Associates, a leading research and advisory services firm in enterprise learning and talent management.
