War for Talent Boosts HCM Software to Top $6 billion
As
the war for talent has grown acute in this age of globalization, human
resources tasks such as managing payroll and benefits have evolved into
much more strategic, and more companies are deploying software for human
capital management for a competitive edge (reports
IBD). The HCM software market is
forecast to top $6 billion in sales this year, according to AMR.
Top Vendors in HCM Software Market:
- Oracle (NASDAQ:ORCL - News)
- SAP (NYSE:SAP - News)
- Microsoft (NASDAQ:MSFT - News)
- Kenexa (NASDAQ:KNXA - News): specializes in performance management software that gauges workers' effectiveness.
- Ultimate Software (NASDAQ:ULTI - News): focused on work force management systems that help recruit, hire and pay workers.
- Taleo (NASDAQ:TLEO - News): evaluate job candidates and match resumes with the best available job openings.
- Saba (NASDAQ:SABA - News): has roots in e-learning software, and supports online job training.
- SuccessFactors
- Workday
And some key recent developments are:
- Payroll provider Automatic Data Processing (NYSE:ADP - News) bought Employease, which offers HCM software-as-a-service.
- Kronos (NASDAQ:KRON - News) bought SmartTime for its manufacturing labor-management systems.
- Workday became the market's newest startup, with an official launch Nov. 6, the brainchild of PeopleSoft founder David Duffield.
HCM software is often delivered as an on-demand service. Such a subscription model pleases investors by creating a steady stream of recurring revenue, unlike one-time software license sales.
Blogosphere Discussion:
- Improving Performance Reviews
- sap extends human capital management market leadership with over ...
- Startup Watch: Workday (PeopleSoft 2.0)
- dear workday, citibank called!
- workday begins its work day
- peoplesoft co-founder launches workday erp software
- hcm software growth
