Press Releases
Waltham, MA – August 21, 2007 –
Authoria, Inc., a leader in integrated talent management solutions, today announced that the company has been named a Leader in the August 2007 Forrester Wave™: Integrated Performance And Compensation Solutions, Q3 2007.
After evaluating products from nine vendors across 95 criteria, Forrester concluded that Authoria “established early integrated performance and compensation leadership, thanks to [its] depth of functionality, heritage as performance [vendor], and organically built products that are inherently integrated.” In Forrester’s analysis, “Authoria provides strong performance and compensation features across the suite, particularly in the areas of succession planning, and provides a very rich UI with embedded tutorials and wizards…. Authoria is a good choice for firms looking for strong performance and compensation capabilities, with recruiting on the short list of future application initiatives.”
“We are pleased that this extensive research has recognized Authoria’s position as a leader in these crucial areas of talent management,” said Tod Loofbourrow, Authoria Chairman and CEO. “It’s essential to automate and integrate the functions of performance management and compensation management, if employers are to maximize the value of their talent as a corporate asset. Our enterprise customers understand this connection, and are using Authoria’s integrated solutions to strengthen both their global workforces and their bottom-line results.”
According to the Forrester report, integrated performance management and compensation solutions “enable the measurement and alignment of individual and team goals to corporate goals. In addition, these strategic applications support career development, succession planning, and ultimately rewarding employees through pay-for-performance.” The Forrester report also stated, “The HR products and services market is estimated to be a $13 billion market growing at a composite rate of 7%. Within this market, performance and compensation management is growing the fastest, at a rate of 20%.”
The Authoria applications evaluated in this research were Authoria Performance, Authoria Succession, Authoria Salary, and Authoria Incentive. The company’s on-demand solutions span the talent-management lifecycle, from finding and attracting the best-fit employees, to developing them, compensating them, engaging them, and making them part of succession plans. Almost 40 of the company’s 300-plus enterprise customers use three or more Authoria solutions for critical talent-management functions.
About Authoria
Authoria® helps the world’s most competitive employers achieve superior business results, by optimizing the way they recruit, develop, compensate, retain, and engage top talent. Designed for business managers as well as HR professionals, the company’s integrated talent management (ITM) solutions enable more effective recruiting, performance management, compensation management, and succession planning across an organization. Authoria serves more than 300 large organizations and 4 million managers and employees with our on-demand Internet-based solutions. Customer companies include Boeing, Pfizer, and Reuters.
Maura Landry
SHIFT Communications
(617) 779-1829
mlandry@shiftcomm.com
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