PeopleFluent’s Compensation Management Solution Recognized as a Worldwide Leader in IDC MarketScape: Worldwide Compensation Management in Integrated Talent Management 2016 Vendor Analysis
Compensation Solution’s Deep Market Penetration, Growth, and Strength of Capabilities Highlighted Throughout Report
WALTHAM, Mass. — July 6, 2016 — PeopleFluent, a leading social human capital management technology company, today announced the company has been named a Leader in the IDC MarketScape: Worldwide Compensation Management in IDC MarketScape: Worldwide Compensation Management in Integrated Talent Management 2016 Vendor Analysis (IDC # US40644016) report, the industry’s premier vendor assessment tool for compensation management in integrated talent management.
"According to IDC analysis and buyer perception, PeopleFluent is an IDC MarketScape Leader worldwide in compensation management in integrated talent management," said Lisa Rowan, research vice president, HR, Talent, and Learning Strategies, IDC. “PeopleFluent was rated well by its clients for depth of capability and customer service.”
This IDC MarketScape study represents a vendor assessment of the compensation capabilities offered as part of an integrated talent management solution through the IDC MarketScape model. PeopleFluent’s Compensation Management software enables organizations to not only plan, but also manage and execute compensation processes from HR to managers. PeopleFluent supports strategic compensation objectives including diversity and inclusion initiatives, compensation communication and transparency, and aligning pay with business goals. With PeopleFluent Compensation Management, managers can think strategically, fostering an employee dialogue that motivates and retains top performers.
The compensation report notes that compensation management was viewed as the most important talent function according to IDC’s 2016 survey of human resource (HR) decision makers. The rise in importance underscores the growing maturity and depth of compensation management solutions.
PeopleFluent is recognized in the report for its commitment to innovation and dedicated focus on talent management. The IDC MarketScape also notes the unique strengths of the company’s Mirror suite user experience with its customizable user interface and embedded video and social functionality as a best-of-breed solution rather than an add-on to HR software.
“We have always dominated the compensation market and this recognition from the IDC MarketScape as a Leader and innovator is fantastic,” said Charles S. Jones, CEO and chairman of the board, PeopleFluent. “Our Compensation Management solution is one of our most feature-rich products and one that has consistently seen growth, including 94% annual recurring revenue bookings growth in 2015 from 2014. We look forward to leveraging the momentum and kudos from this report to continue to stay ahead of the competition when it comes to creating new and unique features that address the compensation industry’s most pressing needs.”
IDC MarketScape criteria selection, weightings, and vendor scores represent well-researched IDC judgement about the market and specific vendors. Market weightings are based on user interviews, buyer surveys, and the input of a review board of IDC experts in each market.
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About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
PeopleFluent, the leading total workforce HCM technology company, redefines Talent Management with an innovative Talent Engagement Cloud that is built around people and not HR processes. By deeply integrating pervasive video, strategic analytics and collaborative social technologies into its complete suite of Talent Management applications, PeopleFluent redefines employee engagement to address productivity loss and diminished financial results due to an increasingly disengaged workforce. With PeopleFluent, companies can change at the speed of business without costly IT interventions through intuitive, highly configurable software that is built upon the right data. Spanning across an organization’s entire global workforce with one talent cloud, PeopleFluent equips leaders with the meaningful talent data and strategic analytics necessary to make better business decisions.
PeopleFluent has worked with over 5,100 organizations in 214 countries and territories to engage employees to drive better business results. Today, 80 percent of the Fortune 100 relies on PeopleFluent as part of their talent management delivery strategy, helping them successfully achieve their talent aspirations.