Retailers Turn to Salary.com to Market Price Key Positions During Uncertain Economic Times…from Salary.com

February 13, 2009

 

Burlington Coat Factory Warehouse Corporation™ and Hy-Vee, Inc.™ Use CompAnalyst® From Salary.com to Analyze and Plan the Cost of Seasonal Support

 

HRchitect featured Salary.com in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems vendors that businesses should consider. Salary.com also participated in the HRchitect Beauty Pageant on Talent Management Systems on November 21, 2008, and will compete in the HRchitect Beauty Pageant on Employee Performance Management Systems on February 19, 2009.

 

Salary.com, Inc. (NASDAQ: SLRY), a leading provider of on-demand compensation, talent management and payroll solutions, is providing its flagship compensation solutions to retailers to forecast and price temporary help during unpredictable retail times. With economic concerns on the rise, retailers such as Burlington Coat Factory Warehouse Corporation and Hy-Vee, Inc. are using Salary.com solutions to strategically price key positions and help manage expenses.

 

2009 forecasts are challenging given the economic climate; consequently, retailers are seeking out strategies that will help them manage costs while sales remain uncertain. Burlington Coat Factory and Hy-Vee, among other retailers, have taken a proactive approach to managing one of their largest expenses — their employees. Both retailers recognize the importance of investing in their employees who will help manage merchandising, marketing, and selling efforts for increased sales, brand management, and customer retention. These retailers have selected CompAnalyst to help market price compensation for key positions in the front office, ecommerce, and brick-and-mortar locations for better managing costs and profitability.

 

“These uncertain times require proactive analysis of compensation plans to handle the ups and downs of retail demand. We help retailers forecast the cost of compensating their seasonal help and ensure they are offering competitive wages to attract key positions and manage the overall health of their businesses,” said Carol Ferrari, product marketing director of compensation at Salary.com.

 

About CompAnalyst

CompAnalyst provides an integrated suite of on-demand compensation benchmarking and pay analytics tools to help businesses design competitive and equitable pay programs. Salary.com’s flagship product is trusted by thousands of brand name customers and is comprised of flexible modules that can be used on an integrated or stand-alone basis:

 

  • Market Data: fully scoped HR-reported market data for over 3,700 benchmark jobs in the U.S. and more than 700 in Canada
  • Survey Management: online survey storage and management for 3rd party data
  • Pay Analytics: reporting tools to assess internal equity and external competitiveness
  • Salary Structures: modeling tools to build and analyze salary structures
  • Merit Modeling: tools for assessing the impact of different merit scenarios
  • Executive Benchmarking: a complete executive compensation research tool.

 

For more information on Salary.com, please visit www.salary.com

Matt Lafata, HRchitect

Leave a Comment » | Uncategorized | Tagged: , , , , , , , , , , | Permalink
Posted by mattlafata

Salary.com Annual Job Satisfaction Survey Results Show Impact of Economic Downturn and Underscore Challenge of Retaining Best Performers…from Salary.com

February 13, 2009

 

Workers Now Looking for Job Security and Desirable Commute over Friendly Relationships with Managers

Retention Strategies are Critical for Employers, Even in a Challenging Economy

 

HRchitect featured Salary.com in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems vendors that businesses should consider. Salary.com also participated in the HRchitect Beauty Pageant on Talent Management Systems on November 21, 2008, and will compete in the HRchitect Beauty Pageant on Employee Performance Management Systems on February 19, 2009.

 

Salary.com, Inc., a leading provider of on-demand HRMS/payroll, compensation, and talent management solutions, today released results from its fourth annual 2008/2009 Employee Satisfaction and Retention Survey. According to the survey, employee satisfaction levels are often overestimated by employers. A set of questions new to this year’s survey found that the current economic climate was less of a deterrent to job seeking than employers anticipated, while variables such as income, job level, industry and age remained consistent factors that affect job satisfaction year-over-year.

 

Key data points:

  • Overall, the survey showed that 65% of employees are at least somewhat satisfied in their jobs while employers estimated that figure to be 77%.
  • Approximately 65% of employees admitted to passively or actively looking for a new job, compared to employers’ estimate of 37%.
  • While employers have a good sense of overall employee satisfaction, they often overestimate the degree of extremely satisfied employees nearly 2 to 1.
  • The levels of satisfaction among employees surveyed varied by job level and salary. Not surprisingly, the results of the survey suggest there is a direct link between pay and satisfaction – the higher the salary and job level, the greater the number of extremely satisfied employees.
  • Age affects job satisfaction – millennials report the lowest job satisfaction.

 

More than 7,141 employees and 363 human resources (HR) professionals participated in the survey which revealed new insights into who is happy, who is looking, why employees stay, where employers may be off target in their efforts to retain employees and where they may be at risk when economy recovers. The survey offers new insights to help employers align with what employee’s value and be more effective in designing retention strategies that work.

 

“The most interesting result from the 2008 survey was the evidence that employers were out of touch with their employees’ satisfaction levels and were overestimating the tough economic environment as a deterrent to job seeking,” said Nicholas Camelio, senior vice president of human resources, Salary.com. “Consequently, many employers have not placed enough emphasis on important retention strategies. This could lead to their best employees’ defecting during the next year, just when this talent will be most needed to help turn businesses around.”

 

Job Searching Defies Economic Environment
Many employers believe that during tough economic times their employees will not be searching for a new job. According to the survey, employers are underestimating the number of employers searching for new jobs by nearly 2 to 1, revealing a potential blind spot for employers. The survey revealed that the majority of employees report they are looking and engaged in some form of search activity such as networking, surfing job listings, updating and posting their resume. Millennials are the most likely group to look for a job, followed closely by Gen X’ers and Baby Boomers. Industries including Financial Services, Construction and Retail topped the list of extremely dissatisfied employees, while Internet, Education/Government and Non-Profit, Software and Networking topped the list of extremely satisfied employees.

 

  • 63% of employers believe their employees are not searching for a new job compared to 35% of employees who indicated they were not searching for a new job.
  • In fact, the survey indicates that 65% of employees are looking and are engaged in just-in-case job search activities, such as surfing jobs lists (63%), updating resumes (47%), networking with friends (40%) and posting resumes (33%).
  • Surfing job listings has increased dramatically — up 17% from last year’s results.
  • Nearly 80% of employers do not believe employees will begin a job search in next few months while nearly 60% of employees intend to intensify their job search in next 3 months.

 

Priorities Shift for Employees
Good Relationships with Co-Workers remains one of the top three reasons why people stay in their jobs. In this year’s survey, employees cited new reasons why they choose to stay in their current jobs. Job Security, Desirable Commute and Desirable Hours have replaced Good Relationships with Managers and Adequate Benefits for the most influential reasons why people remain in a given job.

Top reasons to leave a job stayed same from last year’s survey results: Inadequate Compensation, Inadequate Development Opportunities and Insufficient Recognition.

2008/2009 Employee Job Satisfaction and Retention Survey Methodology
Salary.com invited a cross-section of individual employees and business representatives from across America to participate in its 2008/2009 Employee Satisfaction and Retention Survey. Prospective participants received an email containing the survey questionnaire. Participants completed as many sections of the survey as they desired, and then submitted their results to Salary.com electronically.

 

Salary.com compensation professionals reviewed the data for consistency and accuracy and excluded data that appeared to be invalid. A total of 7,141 individuals and 363 human resource or other company representatives responded to the survey. Among the individual employee respondents, 6,812 were employed and provided valid responses to the survey questions–the remaining 329 were excluded from all analysis. Analysis included in this report utilized generational cuts compiled using the following classifications: Retirement Age (68+); About to Retire (58-67); Baby Boomers (44-57); Gen X (31-43) and Millennials (18-30).

 

For more information on Salary.com, please visit www.salary.com

Matt Lafata, HRchitect

Leave a Comment » | Uncategorized | Tagged: , , , , , , , , , | Permalink
Posted by mattlafata

Salary.com Announces Third Quarter Financial Results…from Salary.com

February 6, 2009

 

Reports 31st Consecutive Quarter of Revenue Growth

 

HRchitect featured Salary.com in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top HRIS vendors that businesses should consider. Salary.com also participated in the HRchitect Beauty Pageant on Talent Management Systems on November 21, 2008, and will compete in the Beauty Pageants on Performance Management Systems on February 6, 2009 and HRIS on February 20, 2009.

 

Salary.com, Inc. (NASDAQ: SLRY), a leading provider of on-demand HRMS/payroll, compensation and talent management solutions, today announced financial results for its third quarter of fiscal 2009, which ended December 31, 2008. Revenue in the third quarter was $11.0 million, an increase of 20% over the third quarter of fiscal 2008. Bookings were $14.4 million, an increase of 21% over the third quarter of fiscal 2008.

 

Kent Plunkett, founder and chief executive officer stated, “Salary.com’s third quarter results were highlighted by our 31st quarter of consecutive revenue growth. During the quarter we made a significant strategic investment and broadened our product footprint with the acquisition of Genesys Software Systems, positioning us uniquely in the marketplace.” Plunkett continued, “Our recent cost reduction program demonstrates that we remain committed to achieving positive operating cash flow in fiscal 2010. We will continue to manage expenses aggressively against the difficult economic backdrop. We believe this discipline, combined with our solid financial position, recurring revenue model, and our best-in-breed transactional and strategic talent management solutions, enhances Salary.com’s long-term position as a leader in the on-demand HCM space.”

 

Third Quarter of Fiscal 2009 Financial Summary

  • Third quarter fiscal 2009 revenue was $11.0 million.
  • On a GAAP basis, for the third quarter of fiscal 2009, Salary.com reported a net loss of $5.2 million, or ($0.33) per diluted share, compared to a net loss of $3.1 million, or ($0.22) per diluted share, in the third quarter of fiscal 2008.
  • On a non-GAAP basis, excluding the impact of stock-based compensation expense and amortization of intangibles, for the third quarter of fiscal 2009, Salary.com reported a net loss of $2.6 million, or ($0.16) per diluted share, compared to a net loss of $848,000, or ($0.06) per diluted share, in the third quarter of fiscal 2008.
  • Cash and cash equivalents at the end of the third quarter of fiscal 2009 were $23.5 million, compared to $28.0 million at September 30, 2008.
  • Current deferred revenue grew to $25.3 million at the end of the third quarter of fiscal 2009, an increase from $22.2 million at the end of the second quarter. Total deferred revenue was $27.3 million at the end of the third quarter, an increase from $24.0 million at September 30, 2008 and $23.3 million at June 30, 2008.
  • Cash flow from operations was a net outflow of $3.7 million in the third quarter of fiscal 2009.

 

Business Highlights

  • Salary.com added over 250 new enterprise customers in the third quarter of fiscal 2009, bringing enterprise customer count to over 3,500 (including 29% of the Fortune 500).
  • New customer additions in the third quarter of fiscal 2009 included Burlington Coat Factory Warehouse Corporation, Live Nation, Inc., OfficeMax, Inc., PerkinElmer, Inc., and Xerox Corporation.
  • Lisa Rowan, Program Director of HR Learning & Talent Strategies at IDC highlighted Salary.com in her most recent IDC MarketScape: Worldwide Integrated Talent Management 2008 Vendor Analysis, saying “Salary.com’s strengths include deep compensation data and functionality, a strong competency framework and available libraries, affordability for partners and a broad partner base. Salary.com has the opportunity to present itself as an affordable alternative and will benefit from breadth of capability as it continues to fill out its suite.”
  • In December, Salary.com’s board of directors authorized a $2.5 million share repurchase program. During the third quarter, Salary.com repurchased approximately 25,000 shares at an average purchase price of $2.10. The company remains active in repurchasing shares.
  • In December, Salary.com acquired Genesys Software Systems, a leading provider of on-demand human resource management systems (HRMS), benefits and payroll services. The acquisition broadens Salary.com’s product suite to add transactional talent management solutions to the company’s strategic talent management products and services.

 

Business Outlook

Bryce Chicoyne, Salary.com’s chief financial officer said, “We are pleased with the company’s solid revenue growth in the third quarter and believe the steps we took to lower our cost structure will allow Salary.com to achieve positive operating cash flow in fiscal 2010. Salary.com’s growing leadership position in talent management and compensation management, broadening product lines, acquisition of Genesys, and prudent cost management provide us confidence that Salary.com will successfully execute through this difficult economic environment and emerge well positioned for long-term success.”

 

For the fourth quarter of fiscal 2009, Salary.com expects total revenue in the range of $11.0 million to $11.8 million. Non-GAAP net loss, which excludes non-cash stock-based compensation expenses of approximately $3.3 million, amortization of intangibles of approximately $1.2 million and severance charges of approximately $1.0 million, is expected to be in the range of $3.2 million to $4.0 million. GAAP net loss for the fourth quarter of fiscal 2009 is expected to be in the range of $8.7 million to $9.5 million. Weighted average diluted shares for the quarter are estimated to be approximately 16.1 million shares.

 

Salary.com expects full year revenue in fiscal 2009 to be in the range of $42.2 million to $43.0 million. Non-GAAP net loss, which excludes non-cash impact of stock-based compensation expense of approximately $9.4 million, amortization of intangibles of approximately $3.7 million and severance charges of approximately $1.0 million, is expected to be in the range of $12.2 million to $13.0 million. On a GAAP basis, net loss for fiscal 2009 is expected to be in the range of $26.3 million to $27.1 million. Weighted average diluted shares for the year are estimated to be approximately 15.5 million shares.

 

For more information on Salary.com, please visit www.salary.com

Matt Lafata, HRchitect

Leave a Comment » | Uncategorized | Tagged: , , , , , , , , , , , , , , | Permalink
Posted by mattlafata

Salary.com Announces Share Repurchase Program…from Salary.com

December 16, 2008

 

HRchitect featured Salary.com in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems vendors that businesses should consider. Salary.com also participated in the HRchitect Beauty Pageant on Talent Management Systems on November 21, 2008.

 

Salary.com, a recognized leader in on-demand compensation and talent management solutions, today announced that its Board of Directors has authorized the repurchase of up to $2.5 million of its common stock over the next twelve months. Under the program Salary.com may repurchase shares from time to time at prevailing prices in the open market or in negotiated transactions off the market. The Company expects to use cash on hand and cash generated from future operations to fund repurchases of its common stock.

 

Salary.com management will determine the timing and amount of any repurchase based on its evaluation of market conditions, business considerations and other factors. The program does not require the Company to repurchase any specific number of shares and may be extended, modified, suspended or discontinued at any time, at the Company’s discretion.

 

For more information on Salary.com, please visit www.salary.com

 
Matt Lafata, HRchitect

Leave a Comment » | Uncategorized | Tagged: , , , , , | Permalink
Posted by mattlafata

Salary.com™ Surpasses 3,000 Enterprise Customers with Lego Systems®, Inc…from Salary.com

December 12, 2008

 

Industry Leaders Continue to Select Salary.com Products and Services, Highlighting Company’s Leadership in Providing On-Demand Compensation and Integrated Talent Management Solutions

 

HRchitect featured Salary.com in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems vendors that businesses should consider. Salary.com also participated in the HRchitect Beauty Pageant on Talent Management Systems on November 21, 2008. Just this week, Salary.com also announced the acquisition of Genesys Software.

 

Salary.com surpassed 3,000 enterprise customers with the addition of Lego Systems, Inc. to the company’s customer roster. Customers in an array of industries turn to Salary.com for leading products and services to help HR and business professionals address the most pressing issues and drive better business performance by strategically managing employee compensation, performance and succession.

 

Lego Systems selected Salary.com’s CompAnalyst®, the data-rich, on-demand market pricing software, to accurately and quickly benchmark a comprehensive array of positions, thereby enabling the company to competitively compensate employees. Competitive compensation is a critical component of retaining employees as well as attracting top talent. Lego Systems, among other customers such as Express and Pacira Pharmaceuticals, have turned to Salary.com for the integrated, on-demand solutions that unlock the strategic value of human resources, drive performance gains and increase retention of their top talent. Salary.com achieved its 3,000th customer milestone through this approach of delivering market leading data, products and services and partnering with customers to provide comprehensive HR solutions.

 

For more information on Salary.com, please visit www.salary.com

 
Matt Lafata, HRchitect

Leave a Comment » | Uncategorized | Tagged: , , , , , , , , | Permalink
Posted by mattlafata

Salary.com to Acquire Genesys Software Systems, Inc….from Salary.com

December 11, 2008

 

Expands Talent Management Offering with the Addition of HR Administration, Benefits, Payroll, and Tax Filing Offerings

 

HRchitect featured Salary.com in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems vendors that businesses should consider. Salary.com also participated in the HRchitect Beauty Pageant on Talent Management Systems on November 21, 2008.

 

Salary.com, a recognized leader in on-demand compensation and talent management solutions, today announced that it has signed a definitive agreement to acquire Genesys Software Systems, Inc., a leading provider of on-demand human resource management systems (HRMS), benefits and payroll services.

 

During its 27 year history, Genesys has provided a range of products to support the transactional needs of enterprise customers including HR administration, benefits, payroll and tax filing services. Currently, they provide HRMS services for more than 1.6 million people at customers like Land’s End, Morris County – New Jersey and Tenet Healthcare Systems. Genesys is well respected for its proven, true multi-tenant payroll technology; their payroll, tax, benefits and HRMS services are sold primarily as software-as-a-service technology and support a diverse set of industries including government and hospital systems throughout the United States and Canada In addition, they spent the last several years developing a new .Net 2.0 version of their comprehensive web-based HRMS system which Salary.com will be bringing to market. The Genesys services offering scales to address the needs of companies of all sizes and requirements, including those in industries with complex needs such as government and healthcare.

 

Leading industry analysts have predicted the convergence of strategic and transactional solutions as the future of HR. In a recent article, Hype Cycle for Human Capital Management Software, 2008, Thomas Otter and James Holincheck, stated, “For HR organizations to leverage technology to become more-strategic contributors to the business, the proper foundation must be in place. This means that organizations must implement core HRMSs (employee systems of record). Also, it is important to have a well integrated set of talent management applications built on top of a common competency foundation.”

 

Plunkett has tapped human resources technology veterans Randy Cooper and Dave Fiacco to lead the new initiative. As President of Salary.com’s HRMS and Payroll division, Cooper will replace Genesys founder and current CEO Larry Munini, who will be retiring later in 2009. Cooper is the founder and former CEO of Empagio, Inc., a leading provider of mid-market focused human resource outsourcing solutions. Cooper has more than 20 years of executive leadership experience in the HRMS and payroll fields. Dave Fiacco, will be handling the service implementation and operations. Fiacco has held numerous executive-level positions over his 30-year career in business and information technology, including president of MyBenefitSource, Inc. a provider of integrated payroll, benefits and HR data management (acquired by H&R Block in 2003).

 

For more information on Salary.com, please visit www.salary.com

 
Matt Lafata, HRchitect

Leave a Comment » | Uncategorized | Tagged: , , , , , , , , , | Permalink
Posted by mattlafata

Cornerstone OnDemand Crowned the Winner of the Second Webinar in the HR Technology Beauty Pageant Series

November 21, 2008

 

Earlier today, the second HRchitect beauty pageant took place. This time it was on Talent Management Systems and the participants included Cornerstone OnDemand, Halogen Software, Plateau Systems, Salary.com and Workscape. At the end of the exciting and informative event, Cornerstone OnDemand was crowned the “Talent Management Systems 2008” beauty pageant winner and Plateau was the runner-up. Congratulations to Cornerstone OnDemand and thank you to all the vendors for participating.

 

For those that missed out on the event, here is a quick recap.

 

The pageant started with an introduction by HRchitect and an overview of the Talent Management Systems marketplace. From there, we moved into the ground rules of the pageant itself.

 

Starting off was a presentation by Halogen Software, then Plateau Systems, Salary.com, Cornerstone OnDemand, and finally Workscape. The order was chosen at random prior to the contest beginning.

 

We talked about the format of these beauty pageants in our November 14 blog so I won’t repeat them here. In that blog, we discussed the news about iCIMS being crowned the “Talent Acquisition Systems 2008” beauty pageant winner last week with Authoria coming in as the runner-up.

 

The beauty pageants are receiving a tremendous amount of interest and may span a reality show soon. Actually I’m sort of kidding but we are very pleased with the response to these great events which are allowing vendors an additional avenue of exposure to a large audience and on the flip side, allowing businesses to have exposure to a number of vendors in a fun and informative format.

 

Lastly, I’d be remiss if I didn’t thank our Marketing Director, Tiffany Appleby, for her tremendous work as the Production Manager of these pageants. I know there is a great deal of effort involved and we appreciate her hard work and dedication in ensuring these pageants flow smoothly.

 

Here is the schedule for upcoming beauty pageants along with instructions for registering:

  

December 12 – 11am CST – HRIS (Human Resource Information Systems)

December 19 – 11am CST – LMS (Learning Management Systems)

January 9 – 11am CST – Mid-market ATS

January 16 – 11am CST – Onboarding

January 23 – 11am CST – EPM (Employee Performance Management)

February 6 – 11am CST – Mid-market HRIS

February 13 – 11am CST – T&A (Time & Attendance Systems)

February 20 – 11am CST – Workforce Planning

March 13 – 11am CST – Compensation Management

March 20 – 11am CST – Succession Planning

  

Matt Lafata, HRchitect

Leave a Comment » | Uncategorized | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , | Permalink
Posted by mattlafata

An HRchitect Beauty Pageant – Talent Management Systems this Friday!

November 19, 2008

 

I’ve blogged about this before but after last week’s widely successful beauty pageant on Talent Acquisition Systems, where iCIMS was crowned Ms. Talent Acquisition Systems 2008, I want to make sure you don’t miss this Friday’s beauty pageant on Talent Management Systems …

 

This week’s beauty pageant will feature five vendors from the Talent Management Systems world – Cornerstone OnDemand, Halogen Software, Plateau Systems, Salary.com, and Workscape.

 

The 90-minute webinar agenda will look like this:

 

Intro by HRchitect

Overview of the TMS marketplace by HRchitect

Short vendor presentations (vendor order will be determine at random)

Q&A of vendors from the audience

Crowning of Ms. Talent Management Systems 2008

Wrap-up

 

The session will be moderated by Matt Lafata, our VP of Sales & Marketing. HRchitect developed a format to help guide each vendor with an outline of what should be covered during each portion of the pageant.  Since we have billed this as a beauty pageant, we tried to come up with pageant categories for vendors to loosely follow. Of course each vendor is free to follow their own format as this is simply a guideline:

 

Evening gown – To start off each portion, we are asking the vendor to come out in their best ‘outfit’ – corporate overview, history, specific identity, financial viability, marquee clients, leadership team, etc. This will be the grand entrance.

 

Swimsuit – Here the vendors will show some skin in this portion – usability, configurability, etc.

 

Talent – This portion will cover functionality, technology/integration, global ability, etc.

 

Interview – This will be the Q & A section from the audience. 

 

These beauty pageants are designed to give the audience a quick overview of five leading vendors and we are looking for creativity in presentations. HRmarketer said it best in their blog on Friday, November 14, when they made several statements including, “I won’t call anybody out in particular, but overall I thought the sales pitches just weren’t very good. Most of them lacked clarity and marketing creativity. The workflow productivity improvement solutions were confusing. Now step it up, folks, ’cause I’ll be watching.”

 

Here is the schedule of upcoming beauty pageants along with instructions for registering:

 

November 21 – 11am CST – TMS (Talent Management Systems)

December 12 – 11am CST – HRIS (Human Resource Information Systems)

December 19 – 11am CST – LMS (Learning Management Systems)

January 9 – 11am CST – Mid-market ATS

January 16 – 11am CST – Onboarding

January 23 – 11am CST – EPM (Employee Performance Management)

February 6 – 11am CST – Mid-market HRIS

February 13 – 11am CST – T&A (Time & Attendance Systems)

February 20 – 11am CST – Workforce Planning

March 13 – 11am CST – Compensation Management

March 20 – 11am CST – Succession Planning

 

 

As of November 19, 2008, the following vendors have confirmed for the December 19 beauty pageant on Learning Management Systems:

 

Cornerstone OnDemand, Plateau Systems, and SumTotal.

 

Watch this blog and our web site for updates on all of our upcoming beauty pageants and register today so you won’t be left puzzled by HR Technology!

 

Matt Lafata, HRchitect

Leave a Comment » | Uncategorized | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , | Permalink
Posted by mattlafata

iCIMS Crowned the Winner of the First HR Technology Beauty Pageant

November 14, 2008

 

Earlier today, the first HRchitect beauty pageant took place on Talent Acquisition Systems. Participants included Authoria, ADP-VirtualEdge, iCIMS, MrTed, and SilkRoad Technology. At the end of the event, iCIMS was crowned “Ms. Talent Acquisition Systems 2008” and Authoria was the runner-up. The runner-up would take over in the event our new Ms. Talent Acquisition Systems cannot fulfill their duties, whatever that may be. SilkRoad received an honorable mention for most closely following the suggested pageant guidelines and best use of pageant-based graphics. Congratulations to iCIMS and thank you to all the vendors for participating.

 

For those that missed out on the event, here is a quick recap.

 

The pageant started with an introduction by HRchitect and an overview of the Talent Acquisitions System marketplace. From there, we moved into the ground rules of the pageant itself.

 

Starting off was a presentation by Authoria, then SilkRoad, MrTed, ADP-VirtualEdge, and finally iCIMS. The order was chosen at random prior to the contest beginning.

 

HRchitect developed a format to help guide each vendor on an outline of what should be covered during each portion of the pageant.  Since we have billed this as a beauty pageant, we tried to come up with pageant categories for vendors to loosely follow. Of course each vendor was free to follow their own format as this was simply a guideline:

 

Evening gown – To start off each portion, we asked the vendor to come out in their best ‘outfit’ – corporate overview, history, specific identity, financial viability, marquee clients, leadership team, etc. This will be the grand entrance.

 

Swimsuit – Here the vendors will show some skin in this portion – usability, configurability, etc.

 

Talent – This portion will cover functionality, technology/integration, global ability, etc.

 

Interview – This will be the Q & A section from the audience. 

 

Although HRchitect crowned a winner at the end of the pageant, based on the votes of the attendees, it is important to note that we are not asking the audience to make a decision as to which product to purchased based on the pageant alone. This beauty pageant is designed to provide exposure to a select group of qualified vendors in a short, informative and fun format. That being said, HRchitect implores anybody contemplating an HR Systems purchase that they go through a software evaluation and selection process with the use of Decision Drivers before making such an important buying decision. HRchitect quickly touched on that process during the webinar.

 

HRchitect would like to thank the large number of attendees which included practitioners, vendors, consultants, analysts, members of the media, pageant groupies and more. It was standing room only and attendance exceeded our expectations.

 

Here is the schedule for upcoming beauty pageants along with instructions for registering:

  

November 21 – 11am CST – TMS (Talent Management Systems)

December 12 – 11am CST – HRIS (Human Resource Information Systems)

December 19 – 11am CST – LMS (Learning Management Systems)

January 9 – 11am CST – Mid-market ATS

January 16 – 11am CST – Onboarding

January 23 – 11am CST – EPM (Employee Performance Management)

February 6 – 11am CST – Mid-market HRIS

February 13 – 11am CST – T&A (Time & Attendance Systems)

February 20 – 11am CST – Workforce Planning

March 13 – 11am CST – Compensation Management

March 20 – 11am CST – Succession Planning

  

The following vendors are confirmed to participate in the second beauty pageant in this webinar series:

November 21 – Talent Management Systems 
Cornerstone OnDemand, Halogen Software, Plateau, Salary.com, Workscape

Matt Lafata, HRchitect

Leave a Comment » | Uncategorized | Tagged: , , , , , , , , , , , , , , , , , , , , , , | Permalink
Posted by mattlafata

TalentManager from Salary.com Shines in the Industry’s First Integrated Talent Management Shootout at HR Tech…from Salary.com

October 26, 2008

Salary.com’s Unique Job Model Enhances its Ability to Help HR Practitioners Deploy Competency-Based Talent Management Processes in a Single On-Demand System

 

HRchitect featured Salary.com in our May 2008 release of The Suite Life of Integrated Talent Management.

 

Salary.com, Inc. (NASDAQ: SLRY), a leading provider of on-demand compensation and talent management solutions, announced this past week the successful showing of its TalentManager application in the industry’s first integrated talent management Shootout at the HR Technology Conference & Exposition held in Chicago last week. Salary.com’s success in the shootout comes on the heels of TalentManager winning the 2008 Human Resource Executive Product of the Year Award, with the application being cited for its best-in-class succession planning capabilities. Salary.com demonstrated the benefits of a fully integrated talent management software suite, providing HR executives and managers the ability to recognize high performers, identify business performance issues, close skills gaps and optimize talent decision-making with integrated business intelligence across compensation, performance and succession functions.

 

As one of four vendors ultimately selected for the shootout (from a pool of 17 talent management software companies), Salary.com excelled in linking employee compensation with performance and officially tied for second place with Cornerstone OnDemand and Softscape, while Authoria was announced the overall winner.

 

Salary.com’s chief executive officer, Kent Plunkett, delivered a powerful overview of TalentManager’s unique ability to search for and select internal job candidates based on a combination of requirements including competencies, performance, readiness, potential and promotability for each position being planned. The testing of TalentManager’s capabilities across a series of hypothetical talent management and succession planning scenarios wowed conference attendees and resulted in Salary.com’s strong showing.

 

Bill Kutik, co-chairman of the HR Technology Conference & Exposition and contributing writer for Human Resource Executive Magazine, acknowledged Salary.com’s strong presentation during the shootout.

 

For more information, visit www.salary.com.

Matt Lafata, HRchitect

Leave a Comment » | Uncategorized | Tagged: , , , , , , , , | Permalink
Posted by mattlafata

Next Entries »
Follow

Get every new post delivered to your Inbox.

Join 32 other followers