HR Magazine: High Performing HR equals to High Revenue Growth

Our Summary: while HR is often not sufficiently appreciated, now there is research that shows that companies with strong HR departments have better company performance.

Companies with high performing HR departments, enjoy 3.5 times the revenue growth

by David Woods
Originally Published on August 6, 2012

Companies that are ‘highly skilled’ in core HR practices experience up to 3.5 times the revenue growth and as much as 2.1 times the profit margins of less capable companies, according to new research by The Boston Consulting Group (BCG) and the World Federation of People Management Associations (WFPMA). Continue reading

HBR: Crowdsource performance reviews give more comprehensive views on performance

Our Summery: On-going reviews provide real-time insights into employee performance and set expectations for desired outcomes.  The collective intelligence of the enterprise widens points of inputs and the positive peer recognitions are sources of inspiration for teams.

Crowdsource Your Performance Reviews

by Eric Mosley
Originally Published on 6/15/2012

Forty-five percent of human resources (HR) leaders don’t think annual performance reviews are an accurate appraisal for employees’ work. And 42 percent don’t think employees are rewarded fairly for their job performance. Continue reading

Forbes: The Sleepy Little HR Software Market is on Fire

Our summary: while this article is several months old, it discusses how the HR market is heating up as companies are upgrading their Talent Management infrastructure.  We are in the right market. 🙂

The Sleepy Little HR Software Market Is On Fire

by Josh Bersin
Originally Published on 2/09/2012

There is a sleepy old enterprise software market for HR systems which is on fire. Within the last 60 days, SAP acquired SuccessFactors for $3.4 billion (nearly 10X revenues) and Oracle just acquired Taleo (leading software provider for corporate recruiting) for $1.9 billion (around 5.3X revenues).

There are three huge trends taking place. Continue reading