A talent management strategy is one where activities related to people management are linked. A well-designed talent management program brings a paradigm shift in the way organizations function, and employees contribute to the role, development, and future of both the employees and the business as a whole. For many people, talent management software amounts to an expensive, complex and confusing system that is ideal only for large-scale organizations. Contrary to belief, talent management software can do wonders for even a small organization. It automates tasks and helps to build credibility as a conscious organization.
What is talent management software?
A talent management system or software is an integrated software program or platform that offers organization support to integrate human resource activities like recruitment, induction, performance management, learning and development, compensation and benefits, and succession planning.
Talent Management is different from talent acquisition. Talent Management is essentially supporting and helping the employee throughout his talent lifecycle- basically supporting their skills and knowledge during their tenure with the organization. With a robust process for talent management, organizations can ensure that employees get the right training, feedback, and opportunity to enhance their skills and knowledge to perform in their roles. With software-talent management, conducting tasks can become easier as it will include notifications, reminders, and suggestions for every single employee for the human resources department to monitor and manage.
Benefits of talent management software
Talent management software links the whole employee lifecycle and every other aspect associated with the employee. This makes it unarguably the most important toolkit for the human resource department. Talent management software can:
- Monitor, manage, analyze and improve processes related to recruitment, induction, engagement, performance, and succession planning.
- Offers a framework for the organization to recruit, employ, engage and retain and attract the best talent and match job profiles to roles.
- Helps to create an employee experience that is engaging, seamless, and interesting.
Good talent management software will take every stage of employee tenure, making the lifecycle an engaged and motivated exercise.
Features of talent management software
Some of the best Talent Management Software is made of tools that consolidate the various aspects of employee experience. A few of the tools that are incorporated are:
Applicant tracking system
These tools help to recruit and interview prospective candidates. It reduces paperwork by including job posts in collaboration with career sites.
Onboarding
Another term for induction is Talent Management Software helps to engage new hires with a solid induction program and follow-up to help new employees settle into their roles and improve performance.
Employee engagement
Talent Management Software helps to gauge the engagement of employees by conducting surveys to weigh sentiments, tools to identify and celebrate milestones and achievements, and feedback channels for employees to know their areas of improvement.
Performance management
Talent Management Software provides effective performance management templates and also incorporates 360-degree performance management reviews to help each employee, irrespective of their role, gain insight into their abilities.
Suggested: A Guide On Achieving Effective Performance Management