BOSTON, MASS. March 12, 2001 In a report released today, IT market analysis and positioning services firm Aberdeen Group states that the Human Capital Management (HCM) market will reach $10 billion by 2003. This research report examines HCM solutions in recruitment, compensation, benefits and training.
In order to be successful, HCM suppliers must balance dot-com agility in applying innovative solutions to the people management process with brick-and-mortar stability and stay in business beyond solution implementation. "Business leaders recognize that effectively managed 'people assets' improve shareholder value up to 30 percent," said report author Kathryn Welds. "Therefore, businesses of all sizes must apply innovative solutions to attract, develop and retain talent, which makes organizations both more effective and more profitable."
The report, entitled "Human Capital Management: A Guide to the Market and Software Solutions," analyzes technical developments and delivery models to address the needs and process requirements of businesses in the information-intensive Internet era.
Profiled suppliers include Again Technologies Inc., Automatic Data Processing Inc., Authoria, Best Software! Inc., BrassRing Inc., BridgePath.com, Callidus Software Inc., Ceridian, Concur, Criterion, Deploy Solutions Inc., Employeelife.com, Great Plains, Hire.com, Humanic, Icarian, Incentive Systems, Infinium, J.D. Edwards, Kadiri Inc. (formerly Decisis), Lawson Software, NuView Systems, Oracle Corp., PeopleSoft, Personic, and Siebel Systems.