Vurv Technology - A HR Software Company is hoping high on its soon to be released performance management software. It's been reported that some analysts has applauded for wrapping in the concept of "Pay for Potential" in the application. An article on the Vurv was featured in WorkForce.com
Find below the text bits from the article
Kevin Marasco, senior vice president of marketing for Vurv, declined to discuss any possible plans for an initial public offering or additional venture funding. But he said the 330-employee company is determined to get to the head of the pack. "We’re absolutely committed to being a leader in the talent management technology space," Marasco says. "We’re poised to leapfrog competitors in the market."
The talent management software market refers to tools for key HR duties such as recruiting, performance management, compensation and employee development. Talent management applications are among the fastest-growing products in HR software, which is itself the fastest-growing category of business software.
Thanks to factors including fear of talent shortages, revenue from human capital management applications is slated to rise from $6.3 billion in 2006 to $10.6 billion in 2011, according to AMR Research.
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1 comment:
Wait for a bug filled application from the company that treats its own staff like cattle and downloads confidential employee data unencrypted over open FTP. I wouldn't pay for this potential...
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