Demand For More Features And Functionality Has The SaaS HRIS Market Beefing Up
McLean & Company finds Kronos, SuccessFactors and Ultimate Software Champions of the Software-as-a-Service Human Resources Information Systems/Human Resources Management Systems (SaaS HRIS/HRMS) market as 'Integrated Talent Management' becomes the new catch phrase.
London, ON (PRWEB) - As the HR function in the enterprise becomes increasingly strategic, the SaaS HRIS industry is providing more support for comprehensive people management throughout the entire employee life cycle. The technology is meeting that demand by integrating multiple functions to effectively manage from hire-to-retire. Simple platforms have become software suites by adding functions to help with position management and attendance and are evolving into one-stop shops for the HR department's needs . Kronos, SuccessFactors and Ultimate Software proved Champions in the SaaS HRIS market in a recently published Info-Tech Research Group Vendor Landscape report.
"'Integrated Talent Management' is the new wave of the market," says Asha Pandya, Research Analyst, McLean & Company. "HRIS used to be more of a data repository, but the reality is that HR needs more functionality these days. SaaS has made it much easier for vendors to be agile and add new modules and functionalities, like performance management and recruiting, to serve HR strategic priorities."
Ranking as a Champion in the report, Kronos is noted as a workforce titan and has expertise in healthcare. While Kronos predominately focuses its strategy on the mid-market, the company still has an impressively large enterprise customer base. With excellent training, support and usability, the report finds Kronos' integration with workforce management to be unprecedented by any other solution.
Also ranked as a Champion, SuccessFactors has leveraged its deep performance management capabilities to develop an innovative HR Business Suite product. SuccessCloud, a pioneer in the technology partner program, allows third-party applications and data from other business systems to connect and integrate with its BizX Suite.
Ultimate Software also lands in the Champion space with their exceptional security and functionality. With a 96% customer retention rate, Ultimate Software's product is highly acclaimed by users.
Workday has been awarded the 'Innovation Award' for its intuitive usability. Aptly placed as an Innovator in the report, the solution has robust mobile functionality that focuses on managing international talent from hire-to-retire.
For the full list of McLean & Company's recommendations for selecting a SaaS HRIS/HRMS vendor, visit: hr.mcleanco.com/research/ss/hr-vendor-landscape-saas-hrishrms
McLean & Company Vendor Landscape reports recognize outstanding vendors in the technology and HR marketplace. Assessing vendors by the strength of their offering and their strategy for the enterprise, McLean & Company Vendor Landscapes pay tribute to the contribution of exceptional vendors in a particular category.
About McLean & Company
McLean & Company (www.hr.mcleanco.com) is a division of Info-Tech Research Group (www.infotech.com) a global leader in providing tactical, practical Information Technology research and analysis for over thirteen years. McLean & Company provides practical solutions to human resources challenges via executable research, tools and advice that have a clear and measurable impact on the business.
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