About This Constellation ShortList™
Talent management suites focus on the strategic aspects of human capital management (HCM) in acquisition and management. These suites help chief human resources officers and chief people officers with recruitment, onboarding, performance management, learning, succession planning and compensation management. Constellation estimates the software market size will be $29.7 billion by the end of 2027 growing at a 8.3% CAGR.
Key HCM business processes include planning to sourcing, acquiring to onboarding, assessing to developing and performing to rewarding. These processes reflect the four pillars: recruitment, performance management, learning and development, and compensation management.
The market has seen consolidation over the past decade as vendors shift from best-of-breed solutions to integrated talent management suites and integrated talent management. Today’s solutions break through the functional fiefdoms of HR and bring together modern user experiences paired with the latest cloud delivery models. Prospects have elevated the need for DEI capabilities over the past 12 months.
Constellation considers the following criteria for these solutions:
- Talent acquisition
- Performance management
- Workforce planning
- Career development
- Goal planning
- Compensation management
- Succession planning
- Ongoing learning management and development
- Diversity, equity, and inclusion support
- Analytics and reporting
- Machine learning and artificial intelligence
The Constellation ShortList™
Constellation evaluates more than 35 solutions categorized in this market. This Constellation ShortList is determined by client inquiries, partner conversations, customer references, vendor selection projects, market share and internal research.
- ADP Workforce Now®
- Cornerstone OnDemand
- iCIMS Talent Cloud
- SAP SuccessFactors
- Ultimate Kronos Group
Frequency of Evaluation
Each Constellation ShortList is updated at least once per year. Updates may occur after six months if deemed necessary.
Constellation clients can work with the analyst and research team to conduct a more thorough discussion of this Constellation ShortList. Constellation can also provide guidance in vendor selection and contract negotiation.