The Technology Today
There is lots and lots of competition in the talent management software space right now. Many organisations are currently replacing their best of breed specialist recruitment technology with ERP Talent Management solutions such as Oracle, SAP or Workday.
It appears that Talent Management as a group of solutions is ever expanding and ever integrating. AP acquired Field Glass as well as Success Factors, and Oracle have acquired Taleo; giving both very powerful and wide ranging solutions.
Why The Rise In ERP Solutions?
When I started consulting in 2000, the ERP solutions such as SAP and Peoplesoft (now Oracle with the originators now developing Workday) were the pre-eminent recruitment solutions for large organisations. They were subsequently taken over by specialist products like as NGA.Net, PageUp, Taleo and many others. What are the key reasons for this renewed surge in the ERP Solutions? .
According to a Bersin report – “Buyers are increasingly seeking and buying integrated suites, rather than standalone software products, thus the purchase and pricing are suite-based or at least multi-module-based. The products that are used to manage talent today look far more alike than they are differentiated; functionally, they virtually all do the same things, many in the same ways.”
The Business Drivers Behind Acquiring an ERP
I spoke to a number of organisations implementing newer products such as Workday and SuccessFactors. Their key business drivers for doing so were:
- the ability to gain talent analytics;
- the simplicity of the overall talent solution; and that the
- C-Suite had purchased the entire suite of modules including recruitment.
5 Questions To Consider Before Acquiring an ERP
- Will stakeholders suffer any reduction of access or functionality (self-service or mobile etc)?
- Will recruiters still be able to provide qualified quality candidates with the same effort?
- Will any third party applications such assessment , referral networks, background checking or video interviewing readily integrate?
- Will the time and cost of implementation outweigh the benefit of moving to the new platform?
- Will recruitment be able to take up the new responsibilities involved in Talent Management?
Whatever the business drivers I think this move into ERP Talent management Systems will impact most large organisation recruitment functions and smaller Talent Management Solutions not part of an ERP Solution if they have not done so already.
This year’s Contingent Workforce Conference feature tracks on evaluating, implementing and optimising recruitment technology. You can learn more about the agenda here.
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