What is talent management software?
Talent management software (TMS) helps HR professionals track different components of an employee’s performance. HR can use these metrics to help employees reach their full potential and give the company leadership some visibility into employee performance.Talent management software is available in the market as a stand-alone module as well as part of human resources management suites.Not to be confused with:
applicant tracking software
Applicant tracking software (ATS) automates tasks such as job posting and application assessment.
recruiting software
Recruiting software helps organizations optimize the candidate hiring process.
Not to be confused with:
How to assess whether you need talent management software?
Asking yourself the following questions can help assess whether or not you need talent management software:Are data silos a roadblock for you?Data is the backbone of any assessment process. While most organizations successfully collect data, several cannot store, access, and analyze that data when needed. Talent management systems streamline HR processes and provide an overview of employee performance to the leadership. If removing any such roadblocks is an issue for you, TMS might be the support you need.Do you want to optimize your hiring process?TMS can improve the hiring process by automating processes such as candidate selection, interview scheduling, confirming appointments, tracking aspirant profiles, and creating offer letters. If you’re looking to free up the human resource staff si they can focus on the overall candidate experience, such software might be the need of the hour.Do you want to reduce employee turnover?Retaining top talent is just as necessary as hiring the best. Talent management software follows a holistic approach to managing multiple aspects of the employee lifecycle. It can help ensure a great employee experience and be the ally you need to reduce turnover.
