Workscape has announced availability of OneForce/Compensation Planner 6.0 to provide enterprise compensation management as a software service for human resources departments. Best known for its benefits administration software, Workscape is looking to grow its business in compensation and performance management through this release, as well as the product acquired from PerformaWorks, now called OneForce/Performance, for managing goals and objectives of pay-for-performance compensation. Unfortunately, the market for compensation is crowded and it is not yet clear how Workscape is differentiating itself from the many other providers including Authoria, Kenexa, RecruitMax, Softscape, SuccessFactors and Workstream, as well as the established enterprise resource planning (ERP) providers Oracle and SAP.
Workscape will have to determine how much investment it will take to gain attention that separates itself from the rest of the providers. It has brought new companies online using the new application, but none yet offers a public reference. Ventana Research believes that organizations trying to determine if they need compensation management should assess the maturity of and investments made by Workscape before evaluating the broader suite of capabilities with OneForce/Compensation Planner and OneForce/Performance to determine if the existing and future product roadmap matches up to their needs.
About Ventana Research
Ventana Research is the leading Performance Management research and advisory services firm. By providing expert insight and detailed guidance, Ventana Research helps clients operate their companies more efficiently and effectively. These business improvements are delivered through a top-down approach that connects people, process, information and technology. What makes Ventana Research different from other analyst firms is a focus on Performance Management for finance, operations and IT. This focus, plus research as a foundation and reach into a community of over two million corporate executives through extensive media partnerships, allows Ventana Research to deliver a high-value, low-risk method for achieving optimal business performance. To learn how Ventana Research Performance Management workshops, assessments and advisory services can impact your bottom line, visit www.ventanaresearch.com.
© 2006 Ventana Research