Talent Management Suites: Market Realities, Implementation Experiences, and Vendor Profiles

Date Published: 1/11/2008

Author: Leighanne Levensaler (more research by Leighanne Levensaler)

Overview

Market, vendor analysis, and implementations of talent management systems. Audio Overview Table of Contents

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This comprehensive study represents more than 18 months of research into the market for talent management suites. It reviews vendor solutions, implementation realities, and market size and growth for 20 different HR software vendors.  Introduction The market for strategic human capital management software, which typically includes applications to manage recruiting, performance, career planning, succession management, learning, and compensation, has undergone a major transformation in the last 18-24 months. Almost all software vendors in this market are now developing integrated talent management suites. Despite all of the marketing hype, however, this is still an immature market and buyers are confused about which vendors to select, how to cost-justify such a solution, and how to deploy and roll out such an important set of employee-facing applications. This research, developed through more than 18 months of rigorous and ongoing analysis, is designed to help organizations through the evaluation, selection, and implementation planning for these systems.  Vendors Solutions Included in this Research  Authoria, CornerstoneOnDemand, Halogen Software, HRsmart, Kenexa, Lawson, Learn.com, Oracle, PeopleSoft, Plateau, Saba, SAP, Softscape, StepStone, SuccessFactors, SumTotal, Technomedia, TEDS, Vurv, and Workstream. Key Questions Addressed in this Research What is the current state of most organization’s talent management systems and are they pursuing an integrated systems strategy? What is talent management suite and how does it help organizations improve performance and organizational alignment? Which vendors offer talent management suites and how well do they support a truly integrated platform and core application functionality? What are the business drivers for implementing a talent management suite? What are the most prevalent approaches to implementing a talent management suite? How effective is the suite in helping organizations support their key talent initiatives? What should organizations expect from the next generation of talent management suites? Research Designed to Help in Strategy, Selection, and Implementation In addition to providing an analysis, trends, and insights into the overall market for talent management systems and market segment for suites, this industry research report is designed to provide organizations with actionable advice and support for strategy, planning, and selection efforts. The full report includes a market map and a series of 10 Capability Depth Charts that offer an analysis of each vendor’s support for the core talent management applications. Vendor Capability Depth Charts # of Customers by Core Application Support for Core Features Support for Key Initiatives Workforce Planning Capabilities Recruitment Management Capabilities Performance Management Capabilities Career and Succession Management Capabilities Learning Management Capabilities Compensation Management Capabilities Usability of Applications. How This Research Will Help Your Organization  The empirical data, best practices, and our expert insights included in this comprehensive research report will guide your organization to: Determine your organization’s readiness to adopt an integrated talent management systems strategy; Understand the considerations for selecting the most appropriate approach to talent management systems given your current systems landscape and culture; Discuss the key features available in talent management suites to determine how they might benefit your organization; Identify the "short-list" of vendors that offer strong solutions that are best suited to meet your highest priority needs and long-term systems strategy; Prepare a project risk assessment matrix based on benchmark data captured for implementation challenges; Prepare a discussion document for recommending a delivery model for your talent management systems, including the decision between licensed and Saas (Software as a Service) strategy; Prepare a total cost of ownership worksheet for your talent management systems; and, Determine where the next generation of talent management suites is going and how you can "future-proof" your investment.