The Human Capitalist had a posting this morning that prompted a response based on some of the client work that we have been doing in the field as well as past experience.
This posting is thanks to Neil Jensen - mailto:neil.jensen@knowledge-infusion.com, Principal Consultant, Knowledge Infusion
SuccessFactors sure does have a lot going for it. They really bring that WOW factor when they demo the software and talk about their business model. When I evaluated them last year as part of Talent Suite vendor analysis for my former employer, it gave me warm and fuzzy feelings when they talked about integration built from the ground up and also their practices of extreme programming with updates every 30 days. We were in the market for the full suite of talent products that included recruiting, performance, succession, compensation, and communications.
They provided stiff competition for all other vendors competing for our business. However, As Capitalist points out, the ���hottest��� vendor may not be the ���best fit��� vendor for every company conducting a vendor evaluation. In the end, SuccessFactors came in second because they lacked key functionality in the merit planning and variable pay modules as well as robust functionality in recruiting. Equity wasn���t even a prototype they could demonstrate at the time.
When you pull back the covers on SuccessFactors, you���ll find that they are a company built from the ground up on Performance Management and Succession Planning. Not until roughly a little over a year ago did they venture into the compensation space with recruiting coming a few months after that. While they do offer these modules today, they are still somewhat immature. Not to say that the functionality they have is worthless, but it isn���t as mature as some of their competitors who went down the acquisition route vs. the build it route.
As you focus on the vendor evaluation for your talent management initiative, be sure to focus on process, requirements, and the business outcomes you are trying to produce. Also, don���t ignore how the product will fit into your unique environment and how your existing HRMS might fit many of the requirements you are looking for.
As you evaluate, consider the heritage of the company you plan to do business with and understand where their strengths and shortcomings fall. Had our evaluation been limited to Performance Management and Succession Planning, SuccessFactors would have won hands down. Given the need for the full suite, we went with another ���best fit��� vendor.
Another infusion of knowledge���