Market Study by Leading Research Firm Acknowledges Kenexa’s Sophisticated Analytics Tools, Strong Integration of Assessments
HRchitect featured Kenexa in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Kenexa participated in the Talent Management Systems panel and the Talent Acquisition Systems panel on June 10, 2009 as part of theHRshow event. Ron Hanscome, VP of Product Strategy with Kenexa appeared on the HRchitect WebMingle on June 26, 2009. If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. We have unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation.
Kenexa (NASDAQ:KNXA), a global provider of business solutions for human resources, today announced it has been recognized as a market leader in the recently released Talent Management Systems 2010: Market Realities, Implementation Experiences, and Solution Provider Profiles. The study, conducted by Bersin & Associates, the only research and advisory firm focused solely on enterprise learning, talent management and talent acquisition, is a comprehensive market review and buyers’ guide for talent management software systems.
The report found that, despite the recession, the talent management systems market has thrived over the last year and vendors have seen significant growth. Based on market data and information provided by vendors, Bersin & Associates project that the market will expand by 15 percent over the coming year. The report also found that the market is crowded with many providers with similar solutions. The key differentiator that drove overall satisfaction was the customer experience, including partnership relationships with vendors and customer service. According to Bersin, organizations are no longer willing to sacrifice functionality in order to standardize technology and are expecting more from their providers.
“We are pleased to have been recognized in Bersin’s research. Kenexa’s industry-leading applications are built using innovative technology and driven by customer requirements, giving our clients what they need on an integrated platform. This, along with our commitment to Extreme Service, is what sets Kenexa apart from the competition and has sustained our growth in this economy,” commented Rudy Karsan, Kenexa’s CEO.
“Our goal is to address the real business impact of these systems and identify the market leaders. Despite the economic recession, the talent management software market continues to outpace new spending on core human resource management software. While it is still a very competitive market, the real market leaders are starting to emerge,” said Josh Bersin, president, Bersin and Associates.
Out of 24 companies profiled, Kenexa ranked No. 4 in market share by revenue and by number of enterprise customers.
Kenexa offers Integrated Talent Management (ITM) to facilitate each step of the employee lifecycle. The SaaS-based applications are unified through common services and enable clients to have access to continuous upgrades, expert functionality and streamlined customer support for single point solutions or across multiple Kenexa applications delivering holistic talent management.
The Bersin & Associates study particularly acknowledged the strength of Kenexa’s sophisticated reporting and analytics tools and the integration of its market-leading psychometric assessments.
Karsan concluded, “By leveraging the expertise of our more than 100 industrial organizational (I/O) psychologists, HR researchers and recruiters, as well as the best practices we’ve learned from more than 20 years in the industry, Kenexa enables organizations to not just deploy technology but to maximize its business value.”
The 400-plus-page study is based on detailed briefings and product demonstrations provided by 24 vendors; completed surveys from 460 HR, learning and development, and information technology professionals; and more than 40 interviews with HR and talent leaders.
For more details about the study, please visit www.bersin.com/tmsystems.
For more information on Kenexa, please visit www.kenexa.com
Matt Lafata, HRchitect
