Motors & Drives Information

SuccessFactors, Inc., the market and Web business application leader in on-demand workforce performance management, today announced that T. Rowe Price Group, Inc., the global investment management firm, has implemented SuccessFactors' performance management technology. As part of an enterprise-wide initiative to automate and integrate global human resources functions, T. Rowe Price purchased SuccessFactors' performance management and goal management software modules as a replacement for multiple, less robust workforce performance processes and technologies that previously existed within the organization.

In addition to helping the firm promote a suite of role-specific competencies, SuccessFactors technology has enabled T. Rowe Price to build an organizational process that develops and manages its workforce in a manner that drives individual accountability for high performance. During this process, the company has been very pleased with SuccessFactors' implementation and business best practices.

"We prefer to invest in relationships with human capital management partners who are as committed to their customers as T. Rowe Price is committed to the success of its shareholders and clients and SuccessFactors has certainly met this mark," said Jeff Sube, Vice President of Organization Development and Diversity. "To demonstrate confidence in their products and their ability to satisfy customers, SuccessFactors offered 25 customer references during our vendor selection process. On the basis of system design and product implementation, SuccessFactors was unanimously recommended by all the companies we contacted. As we move into our second year of engagement, SuccessFactors' customer commitment at all levels within the organization has proven to support our initial findings and our high standards for service."

T. Rowe Price chose to work with SuccessFactors based on recommendations from leading technology industry analysts in addition to conducting a vigorous, in-house evaluation based on global business requirements and feedback from internal focus groups conducted with more than 200 of the firm's front-line managers.

# posted by Medical Information : 5:19 AM