Bersin & Associates Anticipates Global Spending on Integrated Talent Management Systems to Grow 22 percent to Nearly $4 Billion in 2013 Talent Management Systems Research Gives Buyers and Sellers an Indispensable Tool for Navigating a Complex and Rapidly Evolving Market
OAKLAND, Calif., Nov. 27, 2012 /PRNewswire/ -- Bersin & Associates, the leading provider of research-based membership programs in human resources (HR), talent and learning, today announced new research that shows the market for integrated talent management technologies is hot, with global spending on these complex systems anticipated to grow 22 percent to nearly $4 billion in 2012-2013 – almost double the growth rate of 12 percent in 2011-2012. Detailed findings are included in Bersin & Associates' new comprehensive research report, Talent Management Systems 2013: Market Analysis, Trends and Provider Profiles, available now to Bersin & Associates WhatWorks® members via BersinInsights™, the personalized and integrated member information platform, and for sale to non-members.
Summarized in a Bersin & Associates complimentary WhatWorks brief, the research looks at integrated talent management technologies, which are multidisciplinary solutions that help HR hire better, manage performance for results, coordinate compensation, develop talent and address succession. The research provides an essential guide for both buyers and sellers. It delivers facts and statistics about the market, guidance on selecting the right product, product architectures and roadmaps, a view of the competitive landscape and key differentiators.
"Few areas of technology have seen more change than talent management software, after a year filled with mergers, acquisitions, new mobile applications, and integration of disparate talent management functions," said Dr. Katherine Jones, Director and Principal Analyst, HCM Technology, Bersin & Associates. "This research provides a combination of market insights, detailed data, and practical guidance for HR executives and professionals who need to make fundamental choices about the technology investments that will best advance their businesses."
Air Products and Chemicals is a Fortune 500 company that supplies atmospheric gases, process and specialty gases, performance material, equipment and services. A Bersin & Associates member since 2007, it exemplifies organizations that rely on Bersin & Associates' research on the solution provider market, and related information, models and tools.
"In global organizations such as ours, the right talent management system can make all the difference," said Lynn Scheitrum, Manager, Integrated Talent Management & Central Staffing, Air Products and Chemicals. "Bersin & Associates' research provides the information that we need to select the right talent management solutions to support and drive our business."
Talent Management Systems 2013 outlines key market trends, including:
- Ongoing integration of standalone applications into talent management suites to accommodate talent analytics and workflows.
- The move of talent management suites to rival core HR systems – creating talent profiles that can serve as the employee system of record.
- The addition of social media and mobile technologies in some form at almost every stage of talent management.
- Continued acquisition of talent solution-providing companies, either by larger suite providers seeking to augment their existing products, or by the major Enterprise Resource Planning vendors as their Software-as-a-Service solutions for talent management.
- A shift in the perceived benefits of talent management systems from cost savings to strategic value for the organization.
The guide profiles 17 selected providers of integrated talent management suites. Each profile includes a summary of the solution provider's history, the current size and target market for the company and insights regarding its current products and/or solutions. Companies profiled include: ADP, Cornerstone OnDemand, Halogen, HRSmart, Kenexa, Kronos, Lumesse, Oracle, PageUp People, Peoplefluent, Saba, SilkRoad, SuccessFactors (An SAP Company), SumTotal Systems, Technomedia, TEDS, and Ultimate Software.
The full report, Talent Management Systems 2013: Market Analysis, Trends and Provider Profiles is available for $1,995 for a PDF and $2,145 for a print copy. For more details go to: http://www.bersin.com/TMS
Register to join us for an online webinar, Managing Talent with Technology: Research Findings, at 11:00 a.m. ET (US & Canada) / 16:00 GMT on December 5 or 2:00 p.m. ET (US & Canada) / 19:00 GMT on January 9.
Bersin & Associates WhatWorks® members are invited join us for the following online webinars:
- 2:00 p.m. ET (US & Canada) / 19:00 GMT, November 28, 2012, The Market for Integrated Talent Management Suites: 2013
- 11:00 a.m. ET (US & Canada) / 16:00 GMT, January 15, 2013, Tectonic Shifts: The Talent Management Technology Landscape Today
- 2:00 p.m. ET (US & Canada) / 19:00 GMT, January 24, 2013, Buyers, Sellers, Partners: Managing the Maze of Talent Management Solutions
Those interested in learning more about Bersin & Associates or its WhatWorks® membership may email email@example.com or call (510) 251-4400.
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About Bersin & Associates
Bersin & Associates is an award-winning provider of proven people strategies that leaders and their organizations need to deliver exceptional business performance. Our WhatWorks® research membership gives Fortune 1000 and Global 2000 HR professionals the research-based information and tools they need to drive bottom-line impact for their organizations.
Members use our insights and tools to design and implement best practice solutions, benchmark against others, and select and implement systems. A piece of Bersin & Associates research is downloaded every minute during the business day. More than 5,000 organizations worldwide use our research and consulting to guide their HR, talent and learning strategies.
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