Steve Goldberg's Analyst Perspectives

Oracle Leads Total Compensation Management Value Index

Posted by Steve Goldberg on Apr 10, 2020 3:00:00 AM

Here are some insights on Oracle drawn from our latest Value Index research, which provides an analytic 1-9assessment of how well total compensation vendors’ offerings address buyers’ requirements. The Ventana Research Value Index on Total Compensation Management 2020 is the distillation of a year of market and product research efforts by Ventana Research. We evaluated Oracle and six other vendors in seven categories, five product-related (adaptability, capability, manageability, reliability and usability) and two concerning the vendor (TCO/ROI and vendor validation). To arrive at the Value Index rating for a given vendor, we weighted each of the seven categories to reflect its relative importance in an RFP process, with the weightings based on data derived from our benchmark research on total compensation.

Oracle’s product takes firstVentana_Research_Value_Index_Total_Compensation_Management_2020_Oracle_200127 place in this Value Index, earning the vendor Value Index Leader status overall and in both the aggregated Product and Customer Assurance categories. It ranks first in four of the seven evaluation categories — Manageability, Reliability, Adaptability and Capability. The product is tightly integrated with the vendor’s performance management product and offers highly configurable worksheets, workflows and approval rules.

Oracle Workforce Compensation enables customers to include a number of useful factors in compensation planning, including how employees likely will perform in the future, propensity to leave and tracking of non-monetary rewards. Oracle ranks first in the Adaptability category because product configurability extends to a wide range of equity-based compensation vehicles. Other strengths include the ability to allocate compensation across a group of employees, geographies, brands, divisions, currencies or programs and analytics that provide comparisons to budget, pay history and position-in-range. Oracle has a dedicated sales performance management offering that also integrates to ensure support for the unique and in-depth and variable sales compensation requirements.

In the TCO/ROI category Oracle could provide better ROI and business case tools and support for prospective customers. Case studies provided, as excellent as they are, are not a substitute for prescriptive business case support. And the vendor’s Validation score suffered because of the lack of responsiveness from the customer references provided.

This research-based index is the most comprehensive assessment of the value of total compensation management software in the industry. You can learn more about our Value Index as an effective vendor selection and RFI/RFP tool here. Participating vendors can learn more about how to use the Value Index here.

Regards,
Steve Goldberg

Topics: Human Capital Management, Total Compensation Management

Steve Goldberg

Written by Steve Goldberg

Steve is responsible for the Human Capital Management (HCM) research and advisory services practice. He guides HR and business leaders in leveraging their workforce for competitive advantage. He guides HCM technology vendors on the market of buyers and where their applications and technology can have maximum impact. Steve's uniquely diverse HCM experience spans over 30 years, including HR process and HCM systems practitioner leadership roles, heading up product strategy for one of the most respected HCM application vendors, and operating his own global advisory practice. His expertise areas of coverage include HRMS, Talent Management and Workforce Management, with specialized focus on recruiting, learning, performance, compensation and payroll. Prior to joining Ventana Research, Steve worked as a corporate VP in HR at UBS/Swiss Bank Corporation and Huizenga Holdings, product strategy leader at PeopleSoft and Unicru, and was also VP and Research Director at Bersin & Associates. Over 35,000 HR professionals and business executives have been informed by one of Steve's presentations on HCM, or have read his published work. Steve holds an MBA in Human Resource Management from University of Buffalo School of Management and a BBA in Industrial Psychology from The City University of New York.