OAKLAND, Calif., Dec. 17 -- Bersin & Associates, the only research and advisory firm focused solely on enterprise
According to Bersin & Associates, the talent management systems market is one of the fastest-growing areas of HR software, with more than 80 providers. The overall market has grown to more than $3 billion in software and services in 2009; the company predicts it will grow at a rate of nearly 22 percent in 2010. Acquisitions and partnerships are commonplace as providers look to add functionality, services, and market share.
The size and volatility of the market – combined with the similarity of offerings – creates challenges for buyers. To help provide insight, Bersin & Associates analyzed customer experiences with these systems. The research project found that a positive experience was the key determinant for overall implementation success and customer satisfaction. Vendors' services and support – not product functionality – were the main contributors to satisfaction.
"It is vitally important for buyers and vendors to look beyond product features to focus on total customer satisfaction," Bersin said. "Ideally, vendors should partner with buyers and provide in-depth advice and services to help the implementation succeed. In fact, this research found that the best features do not necessarily make the best solutions. Buyers should spend time evaluating service, support, and implementation services with the same rigor they apply to evaluating the product itself. Vendors should design their organizations so that they can deliver a complete solution and continuously evolve their products and services as customer needs mature."
The 67 page report is based on research conducted during the fall of 2009 which included a comprehensive survey as well as interviews with more than 50 buyers and users of talent management systems. Approximately 500 individuals responded and provided information on more than 900 implementations. Respondents were asked to rate their vendor across 18 different satisfaction measures, ranging from the product's ease of use and configurability to the vendor's responsiveness and understanding of customer needs.
Other key findings of the research include:
Vendors named in survey responses include: ADP, Authoria, Cornerstone OnDemand, Halogen, HRsmart, iCIMS, Kenexa, Lawson Software, Learn.com, Meta4, Oracle/EBS, Oracle/PeopleSoft, Plateau Systems, Saba, Salary.com, SilkRoad technologies, Softscape, StepStone, SuccessFactors, SumTotal Systems, Taleo, Technomedia, and WatsonWyatt.
Talent Management Systems Customer Satisfaction 2010: A Comprehensive Study of Customer Experience with Talent Management Systems is available at no cost to all Bersin & Associates research members. The report is bundled with the recent study, Talent Management Systems 2010 which is available for $995. For more details, go to www.bersin.com/tmsystems.
About Bersin & Associates
Bersin & Associates is the only research and advisory firm focused solely on research in enterprise learning, talent management, and talent acquisition. The company's WhatWorks® membership program offers actionable guidance, improves operational effectiveness, and delivers business impact to companies in all industry segments.
Bersin & Associates research members gain access to a comprehensive library of best practices, case studies, benchmarks, and in-depth market analyses designed to assist professionals in making fast and confident decisions. Members also have direct access to analysts and a wide range of tested tools and models to address both strategic and day-to-day challenges.
More than 5,000 organizations worldwide have used Bersin & Associates' research and advisory services to guide talent and corporate learning strategies. Research areas include planning and strategy, learning programs and delivery, talent management, leadership development and succession planning, talent acquisition, technology and infrastructure, informal learning, social networking, measurement and analytics.
For more information, go to www.bersin.com or call 561 455 0622, extension 223.
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