According to an article posted on Workforce.com dated 11/20/2008 the predictions are for continued consolidation and a lean year ahead for the Talent Management Software industry.
The economic downturn could speed consolidation in HR software, industry experts say. HR technology consultant Naomi Bloom expects consolidation not just among talent management players, but also in the broader realm of HR software and services.
It’s interesting that I read this article on the same day that myself and others of the HRN executive team sat down to solidify our corporate key performance metrics for 2009. Of course the current and predicted future harsh economic outlook was a factor and tempered our enthusiasm but despite the business climate, and due to our solid fiscal management, HRN is well positioned for continued growth in 2009. The fact of the matter is that HRN is celebrating its 20th anniversary in 2009 and proceeding full speed ahead on a complete version update of its flagship Performance Pro online employee performance management solution.
