Here are some insights on Oracle drawn from our latest Value Index research, which provides an analytic assessment of how well total compensation vendors’ offerings address buyers’ requirements. The Ventana Research Value Index on Total Compensation Management 2020 is the distillation of a year of market and product research efforts by Ventana Research. We evaluated Oracle and six other vendors in seven categories, five product-related (adaptability, capability, manageability, reliability and usability) and two concerning the vendor (TCO/ROI and vendor validation). To arrive at the Value Index rating for a given vendor, we weighted each of the seven categories to reflect its relative importance in an RFP process, with the weightings based on data derived from our benchmark research on total compensation.
Oracle’s product takes first place in this Value Index, earning the vendor Value Index Leader status overall and in both the aggregated Product and Customer Assurance categories. It ranks first in four of the seven evaluation categories — Manageability, Reliability, Adaptability and Capability. The product is tightly integrated with the vendor’s performance management product and offers highly configurable worksheets, workflows and approval rules.
Oracle Workforce Compensation enables customers to include a number of useful factors in compensation planning, including how employees likely will perform in the future, propensity to leave and tracking of non-monetary rewards. Oracle ranks first in the Adaptability category because product configurability extends to a wide range of equity-based compensation vehicles. Other strengths include the ability to allocate compensation across a group of employees, geographies, brands, divisions, currencies or programs and analytics that provide comparisons to budget, pay history and position-in-range. Oracle has a dedicated sales performance management offering that also integrates to ensure support for the unique and in-depth and variable sales compensation requirements.
In the TCO/ROI category Oracle could provide better ROI and business case tools and support for prospective customers. Case studies provided, as excellent as they are, are not a substitute for prescriptive business case support. And the vendor’s Validation score suffered because of the lack of responsiveness from the customer references provided.
This research-based index is the most comprehensive assessment of the value of total compensation management software in the industry. You can learn more about our Value Index as an effective vendor selection and RFI/RFP tool here. Participating vendors can learn more about how to use the Value Index here.