Tags
Administration
Benefits
Communication
Communication Programs
Compensation
Conflict & Dispute Resolution
Developing & Coaching Others
Employee Satisfaction/Engagement
Executive Coaching
HR Metrics & Measurement
HR Outsourcing
HRIS/ERP
Human Resources Management
Internal Corporate Communications
Labor Relations
Labor Trends
Leadership
Leadership Training & Development
Leading Others
Legal
Management
Motivating
Motivation
Organizational Development
Pay Strategies
Performance Management
Present Trends
Recognition
Retention
Staffing
Staffing and Recruitment
Structure & Organization
Talent
The HR Practitioner
Training
Training and Development
Trends
U.S. Based Legal Issues
Vision, Values & Mission
Work-Life Programs & Employee Assistance Programs - EAP
Workforce Acquisition
Workforce Management
Workforce Planning
Workplace Regulations
corporate learning
employee engagement
interpersonal communications
leadership competencies
leadership development
legislation
News
Onboarding Best Practices
Good Guy = Bad Manager :: Bad Guy = Good Manager. Is it a Myth?
Five Interview Tips for Winning Your First $100K+ Job
Base Pay Increases Remain Steady in 2007, Mercer Survey Finds
Online Overload: The Perfect Candidates Are Out There - If You Can Find Them
Cartus Global Survey Shows Trend to Shorter-Term International Relocation Assignments
New Survey Indicates Majority Plan to Postpone Retirement
What do You Mean My Company’s A Stepping Stone?
Rewards, Vacation and Perks Are Passé; Canadians Care Most About Cash
Do’s and Don’ts of Offshoring
Error: No such template "/hrDesign/network_profileHeader"!
Blogs / Send feedback
Help us to understand what's happening?
Reason
It's a fake news story
It's misleading, offensive or inappropriate
It should not be published here
It is spam
Your comment
More information
Security Code
From The Vendor Files
Created by
Debbie McGrath
Content
<p><b>Feedback</b></p>
<p>Thanks to all those who supported my suggestion to eliminate the terms "Human Capital" and "Knowledge Management" from the HR vocabulary. With the exception of one e-mail, an overwhelming 90 respondents agreed that the industry needed to use more specific terminology in the marketing of their products. It was pointed out that I forgot to mention "Employee Relationship Management" (ERM), a term that Bill Kudik from LRP (HR Executive) would also like to see banished.</p>
<p><b>Integration</b></p>
<p>Picking partners to add functionality to your product line, or choosing the right reseller, is essential in today''s market. We often underestimate the time and cost of integration. When budgeting for integration, know that it can often cost three to ten times the amount of the actual software purchase.</p>
<p>Some points to consider when picking a partner include:</p>
<ol start="1" type="1">
<li level1="">Actual platform synergies for integration. Everyone is talking XML, but very few players actually support it properly and use it for integration.</li>
<li level1="">Who owns the data (client?)? This becomes especially important when planning for your "divorce."</li>
<li level1="">Financial security and stability. The demise of any of your partners is also a reflection on your stability to your clients. Check financials and put software in escrow.</li>
<li level1="">Areas of responsibility. Assign project managers or appoint persons for each team (the integrator/integrate) and ensure that they are accountable for deadlines and deliverables.</li>
</ol>
<p>Most relationships fail for the following reasons:</p>
<ul type="disc">
<li level1="">The financial terms are not high enough to motivate sales people to sell add-on products;</li>
<li level1="">The resellers are not properly trained on the product;</li>
<li level1="">A lack of commitment for co-operative advertising. The integration of the product is essential, but if you don''t tell anyone about it; and</li>
<li level1="">Availability of technical experience in integration of products</li>
</ul>
<p><b>This ´n That</b></p>
<p>Here´s a wrap-up of some major HR activity that´s taken place over the last two weeks.</p>
<p><b>Monster.com</b> (TMPW) <a href="http://finance.yahoo.com/q?s=tmpw&d=v1" target="new">http://finance.yahoo.com/q?s=tmpw&d=v1</a>, is at it again with its purchase of Hotjobs. The company will continue to operate under its own brand and Fastweb, a campus scholarship portal. Rumor has it that Monster.com will be making another large purchase in the next 14 days.</p>
<p><b>Ecruiter</b> (ECRU) <a href="http://finance.yahoo.com/q?s=ecru&d=c" target="new">http://finance.yahoo.com/q?s=ecru&d=c</a>, has acquired the technology of Florida-based ResumeXPRESS and RezLogic''s recruiting process automation solutions. Rezlogic also placed a solid second behind Recruitsoft in the ERE Applicant Tracking Systems, ahead of BrassRing and Peopleclick. Ecruiter stock has also increased from a low of .81 cents to $3.80, a significant improvement in this economy and well ahead of their competitors. Ecruiter has a number of other significant acquisitions that will be announced in the next few months.</p>
<p><b>Manpower</b> (MAN) <a href="http://finance.yahoo.com/q?s=MAN" target="new">http://finance.yahoo.com/q?s=MAN</a>, completed their purchase of Jefferson Wells International, a professional services firm that is widely recognized as a high-value alternative to national public accounting firms and financial staffing.</p>
<p>Congratulations to <b>Dr. Jac Fitz Enz</b> for winning the book of the year award at SHRM. </p>
<p>His book, <a href="http://www.amazon.com/exec/obidos/ASIN/0071369988/hrcom"><i>Human Value Management</i></a>, outlines how to radically redesign your HR organization, transforming it into a strategic value-adding force. It´s still the number 1 guide for HR professionals seeking to boost department productivity -- and the corporate bottom line.</p>
<p>Kudos to <b>SHRM</b>, that just last week received high accolades for being the best industry trade show, for failing to send out e-mail addresses with their conference list, or to collect this information on show scanners. This is, after all, the 21st century where e-mail is the norm.</p>
<p><b>A word of caution</b> on upper level management turnover. In recent weeks, we have heard and received various notifications of senior level management changes at some of the large players in our space. Changes at a high level can be very disturbing to the remaining staff as often the new entourage immediately sets out to change the business model and the people who founded and built the business. Many of these firms and their investors did not budget for this short-term blip in the economy and it has affected their ability to reach or maintain profitability. In many cases, this is not a reflection of the current management team. It is very hard to replace the passion for the industry with an outsider and, in some cases, passion is what is required to ensure the survival of a business during these turbulent times.</p>
<p><b>What was John Sumser thinking?</b> Sumser was quoted predicting the demise of Peopleclick in a recent article. Peopleclick happens to be one of the larger workflow vendors that have reached profitability. Typically companies do not open five additional customer centers nationwide unless they are financially secure. Backed by large VCs such as Morgan Stanley, Lovett Miller, North Carolina Enterprise Fund, and Primus Venture Partners, we are confident that if additional funding were required to support growth, it would be available. Could it be that Sumser is on the board of BrassRing and Hire.com ? We are interested in your opinion. Write <a href="mailto:dmcgrath@hr.com" target="new">me</a> and let me know who you think our next industry casualty could be? All entities will be kept confidential.</p>
<p><b>Members Marketplace</b></p>
<p>If anyone has a product that they would like to place in our Members Marketplace and offer a special member´s only discount, we would be happy to talk to you about how we can co-operatively market this program for you.</p>
<p><b>Peoplesoft</b></p>
<p>Finally, a traditional bricks player who actually gets this space. Last week, I had the pleasure of spending a morning at the Pleasanton campus of Peoplesoft with Don Chun, Director HRMS Product Strategy. He graciously took the time to explain some of the projects Peoplesoft is working on. Don spoke about the company integrating best of breed third-party suppliers RecruitUSA, Mohomine, Authoria; building products, like their new version applicant tracking product (releasing Q3); and acquiring companies, such as Skills Village.</p>
<p>Peoplesoft is an interesting technology company on several fronts. They have a platform, as well as people who can integrate software seamlessly. They also understand what CRM (Client Relationship Management) is all about. As a well-funded company, Peoplesoft has a mass distribution channel via resellers and a direct sales force.</p>
<p>These accomplishments bode well for Peoplesoft´s future. As the labor pool shrinks due to shifting demographics, the ability to manage a pool of candidates will be essential. Natural integration of a CRM tool into the technology platform will be essential. This is the first time I´ve heard a vendor talk about this integration in future product releases of their HRMS. I believe it will be the next generation of recruiting tools whereby recruiters will be "commissioned and paid for performance" on building and closing opportunities (hires) in their funnel.</p>
<p>I look forward to seeing this new generation of software, and will be attending the Users Conference in August 2001 to gain more insight into Peoplesoft HRMS</p>
<div align="center">
<hr size="2" width="100%" align="center">
</div>
<p><b>A tribute to Katharine Graham, Washington Post 1917-2001</b></p>
<p>For all business owners, especially women, Katharine Graham set an outstanding example of how to run and grow a business. She believed in her people and empowered them to do the best job possible. The most famous example is when she stood behind her writers and went against the Whitehouse and President Nixon to expose Watergate. As a female entrepreneur, she has always been a role model and her book, <a href="http://www.amazon.com/exec/obidos/ASIN/0375701044/hrcom"><i>Personal History by Katharine Graham</i></a> is a must read.</p>
<p>"She was gutsy, so many said, yet never trumpeted the fact. Her wealth and influence were great, but wielded with grace. She changed the course of the nation, her city and journalism, and in so doing knocked down walls for women. Few lives blend so many traits so seamlessly." -- Steve Twomey, <i>WashingtonPost.</i></p>
<div align="center">
<hr size="2" width="100%" align="center">
</div>
<p>Any comments or feedback is appreciated - Debbie McGrath</p>
<p> </p>
Copyright © 1999-2025 by
HR.com - Maximizing Human Potential
. All rights reserved.