Constellation Research, a technology research and advisory company that focuses on helping organizations build new business models with exponential and disruptive technology, has released their Q1 2019 Constellation ShortList report of Talent Management Suites. The ShortList presents vendors in different categories of the market relevant to early adopters. In addition, products included in the report meet the threshold criteria (see below) for this category as determined by Constellation Research.
To be considered for the Constellation ShortList reports, vendors must provide the following criteria for talent management solutions: talent acquisition, onboarding, performance management, compensation management, succession planning, ongoing learning management, and analytics and reporting.
Report author, Ray Wang, defines talent management suites as software that focuses on the strategic aspects of Human Capital Management (HCM). In other words, these suites help Chief Human Resources Officers (CHRO) with recruitment, onboarding, performance management, learning, succession planning, and compensation management.
Key HCM business processes include planning to sourcing, acquiring to on-boarding, assessing to developing, and performing to rewarding. These processes reflect the four pillars of talent management:
- performance management
- learning and development
- compensation management
According to the report, the shift from individual best-of-breed solutions to integrated talent management suites and a part of the HCM core vendor capabilities has come with market consolidation over the past decade. Today’s solutions break through the functional fiefdoms of HR and bring together modern user experiences paired with the latest cloud delivery models.
Constellation Research advises leaders on leveraging disruptive technologies to achieve business model transformation. Products and services named to the Constellation ShortList meet the threshold criteria for this category as determined through client inquiries, partner conversations, customer references, vendor selection projects, market share and internal research. The portfolio is frequently updated as market conditions change.
“The Post-Digital era has arrived. In a world of winner-takes-all markets, digital leaders seek clarity on what exponential technologies will support their new business models. This Constellation ShortList filters the signal from the noise and highlights the key technologies our analysts recommend to our clients,” said Wang, chairman and founder at Constellation Research.
The solution providers included in Q1 2019 Constellation ShortList for Talent Management Suites are: ADP Talent Management, Cegid, Cornerstone OnDemand, Oracle, PageUp, PeopleFluent, SAP SuccessFactors, and Talentsoft.
Constellation evaluates over 35 solutions categorized in this market. This Constellation ShortList is determined by client inquiries, partner conversations, customer references, vendor selection projects, market share, and internal research. Vendors must have three or more of the criteria to qualify. Each Constellation ShortList evaluation will be updated every 180 days as needed.
Looking for more? Download our talent management buyers guide and check out the top-24 products available in the market with full page vendor profiles, key capabilities and questions to ask yourself and the vendor before purchasing a talent management solution. For those just starting the talent management software search process, this is truly the best resource to help get you going.