Compensation Management on the Brain
I know that I have not posted much lately. Since getting back from vacation, I have been in catch up mode. I am still not there (caught up that is), but I thought I would take a minute and do a quick post. I had three client inquiries today about compensation management solutions. That is unusual. Compensation management is certainly an important part of the talent management application suite, but it certainly has not been in as high demand as performance management solutions. Our "MarketScope for Employee Performance Management Software, 2007" (Gartner subscription required) research showed that four times as many customers had licensed performance management solutions as compensation management solutions.
So, to get three inquiries in one day, two of which were focused on pay-for-performance (looking for integrated performance and compensation management solutions) does not make a trend, but I thought it was interesting nonetheless (also that all of the clients were between 1,000 and 5,000 employees). It was also interesting to hear the clients talk about replacing their Microsoft Word performance forms and Excel compensation planning spreadsheets as the main impetus for selecting new technology. It was another confirmation point that we have a long way to go for strategic use of talent management applications and data.
On a side note, I had previously hinted that this blog may have a new home. I can tell you that progress has been made and it is a near certainty. I will provide more details when I have a firm date for the move.
