Although HR is a people-oriented profession, HR managers are looking more and more to technology to help transform their processes. The "war for talent" is on, and talent management systems are especially hot in today's HR technology market.
Talent management systems are made up of four modules that are sometimes referred to as pillars: recruitment, performance management, corporate learning and compensation management. Companies can either buy so-called best-of-breed products for each function from a variety of vendors, or an integrated package from a single vendor.
In this guide, learn about the technology and market forces at play in the world of talent management systems, and what they mean for HR buyers. Read best practices and advice from experts and HR practitioners on the daily management and use of talent management systems, and get definitions for common terms. When you've finished reading, put your new knowledge to work by taking a short quiz.
How the 'nexus of forces' is transforming talent management software
In this video, Katherine Jones, director and principal analyst for HCM Technology at Bersin & Associates, explains the most promising applications of social media in talent management. Continue Reading
During the "master panel" with Naomi Bloom at the HR Technology Conference, panelists discussed how social and mobile affect HR. Continue Reading
New social tools for recruitment, learning, collaboration and performance management are starting to be integrated into talent management software. Continue Reading
Companies are looking to talent analytics for improving decision making around recruitment, retention and succession planning. Continue Reading
Social media recruitment is rapidly growing, and to stay competitive, recruiters have to be social, engaging and attractive to potential candidates. Continue Reading
The rise of the talent management suite
In addition to the technology changing, the talent management market has been fairly tumultuous in recent few years. Because buyers are becoming more interested in purchasing software for all four pillars from a single talent management suite vendor, the market is rapidly consolidating through acquisitions and partnerships. With experts predicting more consolidation on the horizon, read the stories in this section to discover why talent management suites are rising in popularity, learn which vendors are the predominant leaders in talent management and get tips on how to avoid integration challenges.
First comparison of HCM systems by Nucleus Research names SAP SuccessFactors, Oracle Taleo to top spots, with Infor, ADP, PeopleFluent, SumTotal close behind. Continue Reading
Integration issues with talent management suites are best avoided by asking the right questions during the vendor selection process, users say. Continue Reading
At Impact 2013, Katherine Jones presented data on HCM technology trends, and gave tips on what 'good, better and best' HR IT systems look like. Continue Reading
Experts say Oracle's plan to acquire social recruitment software company SelectMinds will improve and extend its human capital management platform. Continue Reading
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3BEST PRACTICES AND ADVICE-
Tips for buying and implementing talent management systems
It's helpful to have an understanding of the major trends affecting talent management, but what about the micro level -- the software vetting process and day-to-day use of talent management systems? This section contains valuable user anecdotes and expert advice that can help HR buyers select the right talent management system and implement it successfully.
Making a bad hire can be costly. Find out how one sales manager bolstered his hiring process by implementing a talent assessment system. Continue Reading
Not only can learning software instill skills and increase employee retention, one HR manager intends to use it for succession planning. Continue Reading
A user and expert agree that companies need to pitch social performance management to employees to achieve the desired results. Continue Reading
Ocean Spray uses video recruitment software for on-demand interviews, reducing hiring time and travel costs. Continue Reading
Read how one company increased incentive visibility and accessibility for its sales force by adopting Xactly mobile compensation management software. Continue Reading
The latest version of PeopleSoft's HCM product is alleviating one healthcare company's concerns about the future of the healthcare product line. Continue Reading
Talent management terms
Get definitions of some common talent management terms.
Apply what you've learned
After reviewing the above sections, test your smarts with this short quiz.Take This Quiz