Here is a brief summary of what Gartner has to say about Talent Management Suites:
- Gartner believes that the Talent Management market deserves its very own magic quadrant for the first time. It appears the initial hype about talent management (spearheaded by SuccessFactors) has now firmly become a real opportunity and a need.
- There has been a lot of consolidation on the vendor side. We have seen companies such as Kenexa, SuccessFactors, Taleo getting acquired by larger vendors and others acquiring niche talent management products to bridge gaps in their product portfolio.
- Niche products continue to have a market. Gartner believes customers will continue to depend on niche vendors in the areas of recruitment marketing, compensation management, rewards and recognition to name a few.
- Customers and vendors are starting to come to grips with the impact of the Nexus of Forces (social, mobile, cloud and information) on talent management. This will drive customers to consider point solutions in areas such as recruiting and learning, as well as broader talent management suite solutions from vendors that have innovated with social, mobile, cloud and information.
- In terms of deployment preference, performance management appears to be the area in which most organizations start. More than 50% of organizations started with performance, while 30% started with recruiting and 10% started with learning.
- In the e-recruitment, employee performance management and corporate learning system Magic Quadrants, customers consistently commented that reporting and analytics were relatively poor. This trend has continued with the talent management suite Magic Quadrant, with less than 25% of respondents being satisfied with reporting and analytics capabilities. (Forget Big data, even basic reporting is not up to mark!)
- A majority of survey respondents commented that they didn’t integrate the talent management suite with their core HRMS. This doesn’t bode well for data quality over time.
- Mobile Demos Well, but Evidence of Widespread Deployment Remains Thin! Many vendors can now demo compelling mobile offerings for managers, employees, executives and applicants, but large-scale deployments are still hard to find. (I guess this is because departments don’t see a compelling need or don’t have the budgets).
- Social software has had a significant impact on recruitment, but has not yet achieved significant adoption in performance or learning. (Social is still popular in industry keynotes and webinars!)