HR software market keeps Growing this year

clipped from workforce.com Two new studies that speak to the state of the HR software market agree that spending on HR technology is likely to keep growing this year. The reports, from advisory firms Towers Perrin and AMR Research, indicate that a tumultuous, sluggish economy isn’t crimping sales of applications for such tasks as tracking basic employee data, recruiting new workers and managing compensation. Thomas Keebler, leader of Towers Perrin’s global HR function effectiveness practice, was surprised to see that just 15 percent of organizations surveyed by his firm expect to reduce spending this year on HR technology—a category that includes HR software expenses plus internal and external staffing costs. Last year, that figure was 18 percent.

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Barclays launches New HR Software

clipped from www.personneltoday.com High street bank Barclays has rolled out new software which enables it to scan 800 paper-based HR documents daily before sending them on to a centralised SAP system. The bank is using Hewlett-Packard's Open Text Livelink Archive Server and Livelink ECM to scan, archive and manage 80,000 paper-based staff files annually. These include references, contracts, pensions and grievances. Simon Wheeler, service manager technology at Barclays UK, said since the bank centralised all of its HR information from legacy systems onto an SAP system, there was a requirement to put all paper documents onto it.

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Vurv Technology soon to release "Pay for Potential" Performance Management Software

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.

To read the full story, Visit WorkForce.com

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