Maximizing the performance and value of people in the workforce should be a primary focus for any business these days. It is a complex task, especially for larger organizations, and chances for success can be increased by investment in human capital management (HCM) applications. In this competitive software market SAP is making a strong push, aided by acquisitions in the last three years of SuccessFactors for talent management and more recently Fieldglass for contingent labor management. Recently I attended the SAP HCM analyst summit to hear about its direction and plans to grow its market share. The company has made progress since our last analyst perspective on it. Mike Ettling, SAP’s president for the HR line of business, discussed its newly refined strategy and organizational structure; the company has added executives from around the globe to emphasize its commitment to helping human resources organizations.
Topics: Analytics, Business Analytics, Business Performance, Cloud Computing, Compensation, Financial Performance, HCM, HRMS, Learning, Operational Performance, Performance, Recruiting, SAP, SuccessFactors, Vendor Management Systems, Workforce Analytics, Workforce Management, Workforce Planning, Human Capital Management
Improving how employees and managers can improve talent management activities through changes in process, technology and better access to information is both a theme of my research agenda this year. It is also what the key technology vendors in this space have been focused on developing products to do. Cornerstone OnDemand is one of those vendors that has been in the talent management space since 1999, when it launched its original CyberU learning management product, and now offers a broad range of talent management applications. It is growing at a strong rate relative to many of the other companies in the market. Cornerstone’s products now span learning management, learning extended enterprise (learning extended to partners and customers), performance management, compensation management, succession management and recruiting management. Cornerstone has always sold its products in a cloud-deployment-only model, a decision that has served it well. Today Cornerstone enjoys a strong customer base for a standalone talent management company, with a reported 1,237 customers and 10.5 million users across 189 countries.
Topics: Business Collaboration, Business Performance, Cloud Computing, Cornerstone OnDemand, HCM, HR, Learning, Performance, Recruiting, Sales Performance, Social Media, Workforce Performance, Salesforce.com
IBM held its 20th annual IBM Connect conference (previously known as Lotusphere) as part of its IBM Social Business efforts at the end of January. The conference focuses on business and social collaboration technology, which our business technology innovation research found to be the second-ranked priority for business innovation. At the conference IBM made a series of significant announcements, including a new version of its social collaboration suite, IBM Connections, and the ability to use the software on a cloud computing platform.
Topics: Business Analytics, Business Collaboration, Business Intelligence, Business Performance, Cloud Computing, Compensation, Customer & Contact Center, Financial Performance, Human Capital Management, IBM, Kenexa, Learning, Operational Performance, Performance, Recruiting, Sales Performance, Smarter Analytics, Smarter Workforce, Social Business, Social Collaboration, Social Media, Supply Chain Performance, Workforce Performance
Human capital is most organizations’ largest investment and one of their largest differentiators against the competition. So it follows that those that take advantage of the compelling, game-changing technology now available in human capital management (HCM) will place themselves at a competitive advantage.
Topics: Analytics, Big Data, Business Analytics, Business Collaboration, Business Intelligence, Business Performance, CFO, Cloud Computing, finance, HCM, HR, Human Capital Management, Information Applications, Information Management, Learning, Social Collaboration, Social Media, Talent Management, Workforce Management, Workforce Performance, Office of Finance, Compensation
Acquisitions and new product releases continue to make the market for human capital management a hotbed of activity, as organizations attempt to fully utilize and increase the value of their workforces as I have outlined in my research agenda. ADP, with more than $10 billion in revenues and more than 570,000 customers, is aiming for the top spot in this market.
Topics: Business Analytics, Business Performance, Cloud Computing, Compensation, Financial Performance, HCM, HR, Human Capital Management, Learning, LMS, Mobile, Operational Performance, Performance, Social Media, TCM, Workforce Performance