This is great news for SuccessFactors Compensation, our SuccessFactors customers, and the entire SAP and SuccessFactors HR ecosystem. SuccessFactors Compensation has been named a “Leader” in the IDC MarketScape: Worldwide Compensation Management in Integrated Talent Management 2015 Vendor Assessment (doc #253852, January 2015). Please note that SuccessFactors is also a leader in the IDC MarketScapes for Performance Management, Recruiting, and Learning Management. This demonstrates our undisputed leadership position for integrated talent management. Let us now focus on the assessment for compensation software. I’d like share a few thoughts with you on this exciting achievement.
About IDC MarketScape: Worldwide Compensation Management in Integrated Talent Management Vendor Assessment
The IDC MarketScape vendor analysis model for Compensation Management in Integrated Talent Management is designed to provide an overview of the competitive fitness of compensation management software providers in their respective market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. Those evaluation criteria are very broad, and include the ability to demonstrate high customer satisfaction, as well as a sustainable product strategy.
Thanks to this very meticulous and rigorous methodology, IDC is able to map software vendor offerings with customer requirements and get real-life insights from customers to make up the positioning of the Value Index for Total Compensation Management. As you will recall, SuccessFactors Compensation was part of the leaders category in the IDC MarketScape: Worldwide Compensation Management in Integrated Talent Management Vendor Assessment in 2013, and we are humbled and honored to be a leader again this year.
This market recognition is for innovations delivered via the last releases of the software, on the user experience, as well as the administration side of the solution. To name a few: completely redesigned compensation worksheet (see blog here), field base permissions (see blog here), as well as new forecasting capabilities we are announcing with the February 2015 release.
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the circles. Vendor year-over-year growth rate relative to the given market is indicated by a plus, neutral or minus next to the vendor name.
A big “thank you” to our customers and to our partners
We have today a very solid base of Compensation customers across industries and the globe. We could not be more thankful for this unique install base of SuccessFactors Compensation customers, a true inspiration for a market leading solution and continuous innovation. This recognition from IDC is recognition for you – our customers. Thank you for your trust in our solution strategy and our ability to deliver on our roadmap for Compensation Management. We truly appreciate your commitment and for sticking with us during times of challenge and pushing us in making our solution better and better every quarter.
And of course, there is no successful customer base without a solid partner ecosystem. So thank you to the SuccessFactors partners. Without your support and dedication, there would not be such a large customer base and thus no such great compensation management solution. This is an award to the strongest ecosystem in the HR space and we look forward to continuing this great crusade with you all.
If you already have a solution in place to manage your compensation, here are a few reasons why you may want to consider acquiring a new technology now. According to IDC, the top three reasons to make a change are: outdated technology, lack of features, and high costs. On top of this, SuccessFactors Compensation is part of the market leading Talent Management suite, including Performance, Recruiting, and Learning.
Make sure to get your copy of the IDC MarketScape – it’s a ‘go-to’ guide for all companies in the process of selecting a solution for compensation management.