“Strategic HR” is the latest application area to have suppliers salivating over a piece of the action.
Part of the Human Capital Management (HCM) market, strategic HR includes applications to manage workforce planning and deployment, HR performance, recruitment, incentives and bonuses.
According to IDC, traditional payroll and personnel administration account for 73% of the market, which is dominated by ERP goliaths Oracle and SAP. But the two players are investing heavily to win victory in the performance management, analytics and e-recruitment space.
The Western Europe HCM market topped £500m in 2005, a healthy 8% increase on 2004. Smaller niche players including Bluegarden, Meta4 and Jeppesen enjoyed the highest relative growth.