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.
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Topics:
SAP,
Social Media,
HCM,
Human Capital Management,
Learning,
Operational Performance Management (OPM),
Performance,
Recruiting,
SuccessFactors,
Analytics,
Business Analytics,
Cloud Computing,
Business Performance Management (BPM),
Compensation,
Financial Performance Management (FPM),
HRMS,
Vendor Management Systems,
Workforce Analytics,
Workforce Management,
Workforce Planning
Since the early ’80s, when I personally experienced the transition from written time cards to cards for swiping on a time clock at a grocery retailer I worked at, I have been interested in the software and technology of workforce management. That gives me a perspective not many analysts can match when it comes to transitioning to new technology to help organizations manage and engage workforces. Ventana Research recently completed benchmark research on next-generation workforce management, covering technologies for worker and manager environments and operations. While the research found only 10 percent of organizations at the highest level of overall maturity, which we call Innovative, we did find organizations beginning to deploy and use new workforce management technologies. While we did not distinguish in our research between hourly and salaried employees, the majority of organizations were time-clock-based organizations using technology to manage the nuances of scheduling and working with hourly-based workforces.
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Topics:
Mobile Technology,
Operational Performance Management (OPM),
Social Collaboration,
Business Performance Management (BPM),
Workforce Analytics,
Workforce Management,
Workforce Performance Management (WPM)
Workforce management software vendor Kronos released its financial results at its 15th annual KronosWorks conference (#KronosWorks12) this week. As a private company Kronos had $870 million in revenue for its 2012 fiscal year ending in September, making Kronos one of the largest software and technology companies in the world. Our benchmark research into next-generation workforce management finds the most important technology priorities are collaboration (70%), analytics (68%) and mobility (43%). Kronos addresses these trends with its portfolio of workforce management applications.
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Topics:
Mobile Technology,
Operational Performance Management (OPM),
Business Analytics,
Business Collaboration,
Cloud Computing,
Financial Performance Management (FPM),
Information Applications (IA),
Supply Chain Performance Management (SCPM),
Tablets,
Workforce Analytics,
Workforce Management,
Workforce Performance Management (WPM)
I attended Oracle’s annual OpenWorld conference this week. The company claims it holds the world’s largest technology conference, with 50,000 attendees and a million people viewing sessions online. It was a great opportunity to get close to the Oracle Fusion Applications, which the company presented as proven and ready, with customers using them on-premises and in private and public cloud computing usage methods. In keynotes from executives Larry Ellison, Mark Hurd and Thomas Kurian and application-focused sessions with executives Steve Miranda and Chris Leone, Oracle repeated the message that Fusion Applications are not just for cloud computing and web services but are also accessible through mobile technology called Oracle Fusion Tap that operates natively on the Apple iPad. The company left no confusion about its applications’ readiness for cloud and mobile computing, and provided insight into future advancements.
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Topics:
Sales,
Salesforce.com,
SAP,
Social Media,
Mobile Technology,
Operational Performance Management (OPM),
Social Collaboration,
Business Analytics,
Business Collaboration,
Business Intelligence,
Cloud Computing,
Oracle,
Business Performance Management (BPM),
CRM,
Customer Performance Management (CPM),
Information Management (IM),
Sales Performance Management (SPM),
SFA,
Workday,
Workforce Analytics,
Workforce Performance Management (WPM)
Adoption of workforce analytics is increasing as organizations seek to recruit and retain employees more effectively and ensure that their people deliver the productivity they expect. According to our benchmark research on the topic, 89 percent of organizations want to make it simpler to provide workforce analytics, which is not surprising as our analysis shows that only 12 percent of organizations have reached the highest level of maturity here.
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Topics:
MicroStrategy,
Human Capital Management,
Kronos,
Research,
Business Analytics,
Business Collaboration,
Business Mobility,
Cloud Computing,
Governance, Risk & Compliance (GRC),
Mobility,
Business Performance Management (BPM),
Financial Performance Management (FPM),
HR,
HRMS,
Talent Management,
Workforce Analytics,
Workforce Performance Management (WPM)
This week Peoplefluent announced that it has invested in Socialtext, a company that provides social collaboration software at the enterprise level. With this strategic investment Bedford Funding, the private equity firm that owns Peoplefluent, is the direct beneficiary. Peoplefluent will extend Socialtext into the human capital management market while continuing to let the company meet the broader market interest in its offering. Peoplefluent has moved quickly to make this application and platform available to its customers.
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Topics:
Social Media,
Sustainability,
Human Capital Management,
LMS,
Peoplefluent,
Performance,
Recruiting,
Research,
SocialText,
Business Analytics,
Business Collaboration,
Business Mobility,
Cloud Computing,
Governance, Risk & Compliance (GRC),
Mobility,
Business Performance Management (BPM),
Compensation,
Financial Performance Management (FPM),
HR,
HRMS,
Information Applications (IA),
Information Management (IM),
Sales Performance Management (SPM),
Talent Management,
Workforce Analytics,
Workforce Performance Management (WPM)
Competition in the human capital management market rages on, with application suppliers racing to provide sophisticated applications that operate in the cloud. Cloud computing is a key factor in advancing human capital management, included in our research agenda for this area, along with analytics, collaboration, mobility and social media.
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Topics:
SAP,
Social Media,
Sustainability,
Human Capital Management,
LMS,
Performance,
Recruiting,
Research,
Business Analytics,
Business Collaboration,
Business Mobility,
Cloud Computing,
Governance, Risk & Compliance (GRC),
Mobility,
Oracle,
Business Performance Management (BPM),
Compensation,
Financial Performance Management (FPM),
HR,
HRMS,
Information Applications (IA),
Information Management (IM),
Sales Performance Management (SPM),
Talent Management,
Workday,
Workforce Analytics,
Workforce Performance Management (WPM)
The workforce analytics market continues to evolve as organizations seek to improve the time it takes to find insights and employer metrics in order to meet compliance requirements, mitigate risk and enforce governance policies. TALX, a subsidiary of Equifax, provides a range of data-oriented services that help HR, payroll and tax professionals. Its integration with eVerify service assists the hiring process with I-9 compliance, and capabilities to examine workforce compensation and financial liabilities and reduce false unemployment claim costs. TALX, which has the credit files of tens of millions of employees in the U.S. through its parent Equifax, that with employee salary data provided by the employer can determine the financial health and risks of a workforce.
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Topics:
Social Media,
Sustainability,
eThority,
Human Capital Management,
LMS,
Performance,
Recruiting,
Research,
Business Analytics,
Business Collaboration,
Business Mobility,
Cloud Computing,
Governance, Risk & Compliance (GRC),
Mobility,
Business Performance Management (BPM),
Compensation,
Financial Performance Management (FPM),
HR,
HRMS,
Information Applications (IA),
Information Management (IM),
Sales Performance Management (SPM),
Talent Management,
TALX,
Workforce Analytics,
Workforce Performance Management (WPM)
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.
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Topics:
Social Media,
Sustainability,
Human Capital Management,
LMS,
Performance,
Recruiting,
Research,
Business Analytics,
Business Collaboration,
Business Mobility,
Cloud Computing,
Governance, Risk & Compliance (GRC),
Mobility,
Business Performance Management (BPM),
Compensation,
Financial Performance Management (FPM),
HR,
HRMS,
Information Applications (IA),
Information Management (IM),
Sales Performance Management (SPM),
SumTotal Systems,
Talent Management,
Workforce Analytics,
Workforce Performance Management (WPM)
Salesforce has begun to toot its marketing horn about its new capabilities for performance management through its acquisition of Rypple, a provider of software designed for social collaboration for improving employee engagement. I have already discussed this acquisition (See: Salesforce.com looking for a Successful Rypple in Human Capital Management) and have actually signed up for and used the software. Rypple has introduced some great innovations to promote feedback and dialogue between employees and managers. Salesforce has expanded what this software can be used for in an organization with its latest announcement, as it discussed at its Cloudforce conference and posted on YouTube. Rypple has many cutting-edge customers, including Facebook, that are looking for a different approach to talent management processes than that of the traditional HR organizations in well-established industries. However, anyone expecting to use the application to replace existing performance management software will find Salesforce’s announcement to be a little premature based on the state of the application and capabilities.
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Topics:
Salesforce.com,
Social Media,
Human Capital Management,
LMS,
Operational Performance Management (OPM),
Performance,
Recruiting,
Research,
SuccessFactors,
Business Analytics,
Business Collaboration,
Business Mobility,
Cloud Computing,
Mobility,
Business Performance Management (BPM),
Compensation,
HR,
HRMS,
Jobscience,
Rypple,
Saba,
Sales Performance Management (SPM),
Talent Management,
Workforce Analytics,
Workforce Performance Management (WPM)
