target audience: TECH BUYER Publication date: Jul 2021 - Document type: IDC MarketScape - Doc Document number: # US45943120
IDC MarketScape: Worldwide Compensation Management in Integrated Talent Management 2021 Vendor Assessment
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Abstract
This IDC study represents a vendor assessment of the compensation management capabilities offered as part of an integrated talent management solution through the IDC MarketScape model. This assessment discusses both quantitative and qualitative characteristics that explain success in this market. The evaluation is based on a comprehensive and rigorous framework that assesses vendors relative to the criteria and to one another, and it highlights the factors expected to be the most influential for success in the market, in both the short term and the long term.
"Compensation planning and management has risen in importance as companies look to minimize or eliminate pay inequity," says Lisa Rowan, research vice president, Modern HR Strategies and Opportunities for IDC. "It is important that companies do apply rigor and transparency to the compensation process, and having a well-architected software solution goes a long way to help them achieve that goal."