It will be interesting to see what the SuccessFactors executives say on their 4th quarter performance results, and even more so for their projections for 2009. Given that they just did an across the board layoff ((I don\u2019t have direct knowledge, but the word on the street was that they did 20% across the board)) it would be hard for them to say that they are still projecting strong growth.\u00a0 This goes for pretty much all of the talent management vendors.<\/p>\n
I\u2019m suspecting that pretty much every technology vendor out there is going to have a very bad year.\u00a0 Lets face it, pretty much all technology decisions for HR are discretionary.\u00a0 If HR needs a new spreadsheet, that would be fine.\u00a0 If HR needs to spend $100k then perhaps there is still a good chance.\u00a0 But when software licenses are $100k or more, and there is implementation to consider as well, I\u2019d hazard a guess that HR technology spending this year as going to be down right terrible.<\/p>\n
The problem is that most organizations are going to be doing large reductions in force this year, if they have not already done so.\u00a0 This simply means that much of the innovation that has been coming from talent vendors is going to slowly erode as R&D organizations thin and programmers find themselves on the street.\u00a0 What I\u2019m most concerned with is that we seem to be stuck with Talent Management 1.0.\u00a0 I consider this to be a purely transactional system of managing talent and data.\u00a0 While I know we are all pleased with where talent management has gone in the last few years, I\u2019m sure we all also know that the evolution has not stopped and isn\u2019t even close to being over.\u00a0 This pause of innovating talent management could us back for a couple of years.\u00a0 I think about what happened to HR technology in the years after the dot com bubble burst where HR technology spending stopped for several years.\u00a0 Now, if technology spending stops and it\u2019s accompanied by a severe reduction in vendor thought leadership.\u00a0 I\u2019m hoping that in 6 months, all this isn\u2019t as bad as I think it will be.<\/p>\n","protected":false},"excerpt":{"rendered":"
It will be interesting to see what the SuccessFactors executives say on their 4th quarter performance results, and even more so for their projections for 2009. Given that they just did an across the board layoff ((I don\u2019t have direct…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[33,2,22,20,3],"tags":[],"class_list":["post-1004","post","type-post","status-publish","format-standard","hentry","category-finance","category-hr-technology","category-industry-news","category-talent-management","category-vendors"],"_links":{"self":[{"href":"https:\/\/systematichr.com\/index.php?rest_route=\/wp\/v2\/posts\/1004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/systematichr.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/systematichr.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/systematichr.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/systematichr.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1004"}],"version-history":[{"count":2,"href":"https:\/\/systematichr.com\/index.php?rest_route=\/wp\/v2\/posts\/1004\/revisions"}],"predecessor-version":[{"id":1012,"href":"https:\/\/systematichr.com\/index.php?rest_route=\/wp\/v2\/posts\/1004\/revisions\/1012"}],"wp:attachment":[{"href":"https:\/\/systematichr.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/systematichr.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/systematichr.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}