Nucleus Research Releases 2024 Enterprise Human Capital Management Technology Value Matrix

This year, Nucleus has split the HCM Technology Value Matrix into two separate reports for SMB and enterprise-focused vendors.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Tuesday, March 12, 2024
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Professional Services, Business, Data Analytics, Technology, Software, Consulting, Artificial Intelligence, Research, SMB, Organization, Learning, Paylocity, Nucleus, Expert, Artificial intelligence, SAP, Acquisition, HCM, Infor, Machine learning, ADP, Risk management
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UNITED STATES, NORTH AMERICA, FLORIDA
Summary
Key Points: 
  • This year, Nucleus has split the HCM Technology Value Matrix into two separate reports for SMB and enterprise-focused vendors.
  • The Experts in this year’s Value Matrix are organizations that deliver value to customers with complex use cases through deep functionality and industry-specific capabilities.
  • Accelerators in this year’s Value Matrix deliver value through greater ease of use and quick implementation.
  • To download the full 2024 Enterprise HCM Technology Value Matrix, click here .


Organizations are consolidating the costs and complexity of their technology infrastructures, prompting a reassessment of the business value delivered by current systems.

“As the need for incremental value increases, HCM software vendors have taken steps to increase R&D investment while keeping pace with usability enhancements,” said Research Manager Evelyn McMullen. “The market has also followed the customer trend of consolidation, with many standalone providers in areas such as global payroll, learning, and talent acquisition having been acquired by larger, full-suite players.”

Leading vendors in the space have invested heavily in embedding artificial intelligence and machine learning capabilities into their respective solutions. To address short-term functionality gaps, Nucleus expects increased mergers, acquisitions, and partnerships to take place over the next year.

This year, Nucleus has split the HCM Technology Value Matrix into two separate reports for SMB and enterprise-focused vendors. This report includes platforms that are specifically designed to support more than 2,500 employees, as well as solutions that can scale up for enterprise use cases.

Leaders in this year’s Value Matrix deliver advanced functionality without sacrificing ease-of-use at scale. These include Dayforce, Infor, Oracle, and UKG Pro.

The Experts in this year’s Value Matrix are organizations that deliver value to customers with complex use cases through deep functionality and industry-specific capabilities. These include ADP, Darwinbox, SAP SuccessFactors, and Workday.

Accelerators in this year’s Value Matrix deliver value through greater ease of use and quick implementation. These include Cegid, HiBob, Paycor, and Unit4.

Core Providers deliver core capabilities with faster and less expensive adoption. This year’s Value Matrix Core Providers are Paylocity, PeopleStrong, and ZingHR.

To download the full 2024 Enterprise HCM Technology Value Matrix, click here.

About Nucleus Research

Nucleus Research is the recognized global leader in ROI technology research. Using a case-based approach, we provide research streams and advisory services that allow vendors and end users to quantify and maximize the return from their technology investments. For more information, visit NucleusResearch.com or follow our latest updates on LinkedIn.

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