Now available from Ventana Research is our Value Index on Total Compensation Management for 2014. Total compensation management directly addresses one of an organization’s largest investments – employee pay. As such it is a critical activity for supporting other human capital management and talent management processes.
Topics: Analytics, beqom, Business Analytics, Business Collaboration, Cloud Computing, Decusoft, Financial Performance, IBM, Kenexa, Mobility, Oracle, Pay for Performance, Peoplefluent, SAP, SuccessFactors, SumTotal Systems, TCM, Towers Watson, Value Index, Workforce Performance, Human Capital Management, Compensation
Ventana Research recently released our Value Index on Workforce Management for 2014. We define workforce management as the set of processes by which organizations manage their hourly and salaried employees to maximize productivity. It involves not only tracking time worked and providing compensation for it but also aligning that work to the objectives of the organization and to the individual employee’s needs. Our Value Indexes are informed by more than a decade of analysis of how well technology suppliers and their products satisfy specific business and IT needs. For each we perform a detailed evaluation of product functionality and suitability to task in five categories as well as of the effectiveness of vendor support for the buying process and customer assurance. In this case the resulting index gauges the value offered by each vendor and its products in supporting workforce management, which is necessary for running an organization efficiently and effectively.
Topics: Analytics, Business Analytics, Business Collaboration, Business Intelligence, Business Performance, Ceridian, Cloud Computing, Customer & Contact Center, Empower, Infor, Kronos, Mobility, Operational Performance, Oracle, Sales Performance, SAP, Social Media, SumTotal Systems, Value Index, WFM, Workforce Management, Workforce Performance, Workplace, Human Capital Management
We have just released our 2012 Value Index for Total Compensation Management (TCM), in which we evaluate the competency and maturity of vendors and products. Our firm has been researching this category for many years, and our latest benchmark research in total compensation management found some improvement among applications in a field where many organizations still use outdated applications to manage an area with large financial and human capital impacts.
Topics: Business Performance, Cloud Computing, Compensation, Customer & Contact Center, Excentive, Financial Performance, HR, Human Capital Management, Operational Performance, Oracle, Peoplefluent, Sales Performance, SuccessFactors, SumTotal Systems, Supply Chain Performance, TCM, Value Index, Workforce Performance
Businesses’ strategic imperative to optimize human capital is creating significant energy in the market for applications used to attract, optimize and retain talent. Amid all the recent acquisitions and changes that I have been writing about in this field, SumTotal Systems seems to get less attention than its size and the reach of its business merit. The company has more than 45 million users, with more than 15 million of them operating in a cloud computing environment spanning more than 3,500 customer companies worldwide. Its investments in 2011 in mobile, social learning and workforce analytics software have become part of its HCM portfolio, as have its acquisitions of CyberShift to expand into workforce management and Accero for payroll, benefits and analytic content. The company has done a good job of extending its portfolio while improving the user experience for its customers.
Topics: Business Analytics, Business Collaboration, Business Mobility, Business Performance, Cloud Computing, Compensation, Financial Performance, Governance, Risk & Compliance (GRC), HR, HRMS, Human Capital Management, Information Applications, Information Management, LMS, Mobility, Performance, Recruiting, Research, Sales Performance, Social Media, SumTotal Systems, Sustainability, Talent Management, Workforce Analytics, Workforce Performance
The acquisition frenzy in the enterprise software market continues. The announced acquisition of Taleo by Oracle will remove the independence of another successful cloud-based software company. Publicly traded Taleo (NASDAQ: TLEO) provides talent management applications on a rental cloud computing basis. Acquiring Taleo, which by all accounts has done a good job of growing the recruiting and applicant sourcing software business in a scalable cloud environment, was too good for Oracle to pass up. SAP’s much costlier acquisition of SuccessFactors, which I assessed clearly placed more pressure on Oracle to do something rather than nothing.
Topics: Business Analytics, Business Collaboration, Business Mobility, Business Performance, Cloud Computing, Compensation, Financial Performance, HRMS, Human Capital Management, LMS, Mobility, Operational Performance, Oracle, Oracle Fusion HCM, Peoplefluent, Recruiting, SAP, SumTotal Systems, Talent Management, Taleo, Workday, Workforce Analytics, Workforce Performance