The market for corporate talent management software continues to surge. CornerstoneOnDemand just announced 39% YTY growth in revenues, and our discussions with Saba, SumTotal Systems, SAP, Oracle, ADP, Jobvite, and others show growth rates all in the double digits..Read Full Post | Make a Comment ( None 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 )
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 )
Today Workday introduced release 14, the latest upgrade of the company’s SaaS HR and Financials application. I rarely gush at enterprise software, but in this case I have to admit I was “wowed” by the progress the company has made.
Workday’s product now spans the range of ERP applications from financials to human resources, workforce ... Read more»Read Full Post | Make a Comment ( None so far )
We just returned from the 2010 HR Technology Conference in Chicago, where we met with 30+ solution providers and more than 60 different corporate buyers and implementers of HR technology and solutions. We also introduced a preview peek of our 2010-2011 Talent Management Systems Customer Satisfaction research, which is now available to research members.... Read more»Read Full Post | Make a Comment ( None so far )
Our mission as a research and advisory services company is to help organizations “dramatically improve their business performance through their talent, learning, and HR strategies, processes, and systems.”
In this never-ending quest, we continuously find that one of the most challenging (and important) parts of building a modern, high-performing company is the implementation of well ... Read more»Read Full Post | Make a Comment ( None so far )
Over the last five years, one of the fastest markets for enterprise software has been “talent management.” Talent Management Suites, now offered by more than 30 different providers, deliver a set of features and functionality which allow human resources and line managers automate, monitor, plan, and analyze all the “people-related” processes in a company. This ... Read more»Read Full Post | Make a Comment ( 3 so far )
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