Josh Bersin (@Josh_Bersin) in his July ‘Forbes’ article provided a great summary of continuing disruption and innovation with the HR software market. Providing a timeline of changes (e.g., evolution of the HR software market – see below), Josh describes the intense competition occurring to capture the $14B+ market.
Josh also describes movement from ‘Talent Management’ to ‘People Management’ where vendors are bringing in Next generation performance management, team collaboration, feedback, video, engagement, wellness and other features/business processes that aid/drive the people side of businesses/organizations.
A listing of disruptive vendors offering new software solutions is offered yielding a mix of start-ups along with some of the major global/ERP vendors.
Josh’s mentions key characteristics of the HR software vendors who will succeed as having:
- strong management teams that understands their market positioning and how to sell their solutions,
- who develop “product strategies that are relevant and expansive”,
- whose solutions incorporate will “have a scalable technology architecture and experience building real mobile apps”,
- and who have patience and passion
An area that I have become increasingly aware of relative to providing scalability and extensibility is Platform as a Service (PaaS). Josh identified successes of SalesForce and Cornerstone with their PaaS offerings. I have begun exploring SAP’s PaaS solution – SAP HANA Cloud Platform – where leveraging SAP SuccessFactors HCM Suite, re-invented solutions can be extended and integrated to meet client needs.
You really make it seem so easy with your presentation but I find this matter to be really something that I think I would never understand. It seems too complicated and extremely broad for me. I am looking forward for your next post, I抣l try to get the hang of it!