The Essentials of Performance Management Systems: Part 2 takes a critical look at the rapidly growing market for performance management systems, examines implementation and adoption trends, and compares and contrasts offerings from 25 solution providers.

The following technology providers are covered in the research study:  ACS, Authoria, Business Decisions, Cornerstone OnDemand, Cytiva, Halogen Software, HRsmart, ICIMS, Kenexa, Learn.com, Oracle (Enterprise Business Solutions), Oracle (PeopleSoft), Organization Metrics, Pilat HR Solutions, Plateau, Saba, Salary.com, SAP, Silkroad, Softscape, Stepstone, SuccessFactors, SumTotal Systems, Taleo, and Technomedia.

The study helps corporate buyers identify key differences between solution providers, offers guidance to efficiently developing a short list, and discusses how to conduct a methodological selection process. Readers will find:

• Implementation experiences and benchmarks, including time to deployment, system integration, and best practices.
• Solution providers by company revenue and revenue growth.
• Market share by revenue and customers.
• Solution differentiators, including user experience, support for other talent management applications, customer and domain experience, price, delivery models, and global capability.
• Step-by-step evaluation guide.
• Total cost of ownership discussion.

This study is a companion to The Essential Guide to Performance Management Practices: Part 1,  designed to give HR executives and managers  insight into  modern, high-impact employee management processes.  Part 1 focuses on the best practices for  a variety of different business conditions and organizational characteristics, such as management culture, organizational size, global reach, and industry.  Together these studies represent the most comprehensive analysis to date of employee performance management, the foundation for  compensation, onboarding, leadership development, succession management, and other critical talent management processes. Note:  Those purchasing both Part 1 and Part 2 receive $95 off of the combined price. 

What You’ll Learn:

• What is included in an employee performance management system?
• How  have the features evolved to support broader talent management strategies?
• Why should you consider implementing an employee performance management system and what are the biggest benefits?
• How well-adopted are the systems today?
• What are the top implementation challenges?
• What are the best practices for implementation and adoption?
• Who are the leading solution providers?
• How can you differentiate among solutions offered?
• What is the most efficient and effective approach to evaluating and selecting employee performance management solutions?

About This Research:

This study and its companion, The Essential Guide to Performance Management Practices: Part 1, are based on multiple research initiatives conducted over the last seven months. 

In August 2008, Bersin & Associates conducted  an extensive,  quantitative survey capturing responses from more than 700 HR, learning and development, and information technology professionals  to identify the key drivers, adoption levels, business challenges and trends in corporate performance management and the implementation of  performance management systems.  Thirty percent of the respondents are employed by companies listed in the top 100 of the Fortune 500; 28% are employed by companies appearing in the “100 Best Companies to Work For” list. Over 40% of respondents represent multi-national organizations;  13% are from companies based outside of the United States.

Bersin & Associates analysts also conducted in-depth interviews with 47 HR executives to get a detailed perspective of performance management .  From these interviews, the company identified 10 organizations with performance management practices and processes that yield significant business impact.   These organizations represent a variety of industry segments and range in size from 5,000 to 250,000 employees. 

Finally, Bersin & Associates analysts conducted three-hour briefings with 25 selected providers of performance management systems.  The briefings included system demonstrations that focused on use cases and presentations on company backgrounds and product roadmaps.

For more details, contact Donna Tomlinson at 561 455 0622, x223 or donna.tomlinson@bersin.com.