SAN RAMON, CA, June 28, 2012 (Press-News.org) Ventana Research has released its 2012 Value Index for Total Compensation Management, the latest in a new category of quantified, research-based Indexes on technology vendors and products. This new Value Index provides guidance that will enable organizations to ascertain the value of software that enables and supports Total Compensation Management. Using the Value Index, businesses and their customer service, operations, finance and IT organizations will be able to evaluate vendors and their products as well as make choices based on an understanding of how well existing and new offerings satisfy their needs.
The Value Indexes are the product of more than two decades of experience and knowledge of the market and of in-depth analyses of technology suppliers' products. This Value Index examines applications for total compensation management, a key activity for supporting workforce performance and talent management processes. Determining and providing the right compensation for each person, whether it's base or merit pay or variable pay and incentives, is critical to being able to attract and retain productive members of the workforce. The methodology used to produce the Value Index for Total Compensation Management evaluates in detail aspects of product functionality and suitability-to-task as well as the effectiveness of vendor support for the buying process and customer assurance. The Index reflects the value offered by a vendor and its products, presented both as a clear and accessible graphic representation in thermometer form and as a precise index percentage.
The technology vendors earning the highest "Hot" and "Warm" Vendor classifications are those that Ventana Research certifies best deliver buyer value based on a thorough evaluation and audit - that is, based on research and verifiable facts. The Value Index is not just a selection of "cool" products, and rather than merely representing a vendor on a four-quadrant chart, the Index provides specific thermometer readings, both overall and component metrics, for a technology buyer to consider. Organizations can use the Value Index by first determining their priorities and then consulting the Index to determine which vendors best meet those needs.
In the 2012 Value Index for Total Compensation Management, the company delivering the highest value on an overall weighted-evaluation basis is SuccessFactors, followed closely by Peoplefluent and SumTotal Systems with Oracle, Excentive and ADP also earning the Hot Vendor rating.
"This year's Value Index for Total Compensation Management was highly competitive with a set of mature vendors competing for the top spot in being the hottest vendor," said Mark Smith, CEO & Chief Research Officer at Ventana Research. "Many of vendors and respective products have been advancing significantly over the last 18 months and with many now having quarterly releases are advancing at a fast pace in evaluation areas including usability and capabilities. Congratulations to all vendors who worked hard to best represent their products in the submission process."
This new research-based undertaking is fully independent. It is neither sponsored nor influenced by technology vendors and is conducted solely in pursuit of Ventana Research's mission to provide value to business and IT through benchmark assessments, workshops and advisory services. Ventana Research's goal is to guide organizations to optimal efficiency in their use of technology investments for business and IT. To learn more about the Value Index for Total Compensation Management, please visit://www.ventanaresearch.com/tcmvalueindex/.
About Ventana Research
Ventana Research is the most authoritative and respected benchmark business technology research and advisory services firm. We provide insight and expert guidance on mainstream and disruptive technologies through a unique set of research-based offerings including benchmark research and technology evaluation assessments, education workshops and our research and advisory services, Ventana OnDemand. Our unparalleled understanding of the role of technology in optimizing business processes and performance and our best practices guidance are rooted in our rigorous research-based benchmarking of people, processes, information and technology across business and IT functions in every industry. This benchmark research plus our market coverage and in-depth knowledge of hundreds of technology providers means we can deliver education and expertise to our clients to increase the value they derive from technology investments while reducing time, cost and risk.
Ventana Research provides the most comprehensive analyst and research coverage in the industry; business and IT professionals worldwide are members of our community and benefit from Ventana Research's insights, as do highly regarded media and association partners around the globe. Our views and analyses are distributed daily through blogs and social media channels including Twitter, Facebook, LinkedIn and Google+.
To learn how Ventana Research advances the maturity of organizations' use of information and technology through benchmark research, education and advisory services, visit www.ventanaresearch.com.
Media: Copies of benchmark research report and interviews are available upon request.
Media Contact:
Kirsten Lowery
(925) 242-2579
marketing@ventanaresearch.com
Ventana Research Presents the 2012 Value Index for Total Compensation Management
New research based index examines vendors delivering compensation applications for supporting talent management.
2012-06-28
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[Press-News.org] Ventana Research Presents the 2012 Value Index for Total Compensation ManagementNew research based index examines vendors delivering compensation applications for supporting talent management.