For Business Process Professionals

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	January 7, 2008 HR/HCM Applications 2008: Best-Of-Breed Solutions Make A Comeback by Paul D. Hamerman with Sharyn Leaver, Zach Thomas, Claire Schooley, Elisse Gaynor, Meghan Donnelly	Average: 10  (3 ratings)

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Executive Summary

A broad range of options exist for human resources/human capital management (HR/HCM) solutions, usually building on a core system of record that is supplemented by best-of-breed solutions and outsourced services. The large enterprise resource planning (ERP) vendors, SAP and Oracle, continue to strive for adoption across a broad range of HR/HCM but are used primarily for the core transactional modules (i.e., personnel, benefits, and payroll). Best-of-breed solutions in performance management, compensation, learning management, recruitment, and other areas see better traction outside of the core HR system, with software-as-a-service (SaaS) rapidly gaining in all market segments. Consolidation is ever-present as solution providers seek greater critical mass and breadth. Forrester expects that the HR/HCM market, currently at $5.9 billion in license, maintenance, and subscriptions, will grow at a 9% rate through 2011, with the highest growth coming in performance and compensation solutions.

TABLE OF CONTENTS

• HR/HCM Strategies Reflect Changing Business And Technology Requirements
• Strategic Applications And SaaS Drive Market Growth
• The Vendor Landscape Evolves Via Consolidation And Innovation

RECOMMENDATIONS

• Manage From A Core System Of Record

WHAT IT MEANS

• "Good Enough" Is Not Good Enough
• Supplemental Material
• Related Research Documents

This is an excerpt

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