The rise of talent management systems

Posted by Josh Bersin in Technology on Tue, 04/08/2009 - 17:02
  • Talent management software is one of the fastest-growing segments of HR
  • Before investing in these systems, ensure your talent management strategy is complete first
  • Select the right provider for your organisation
  • The system can become a 'social network' for talent
One of the fastest-growing segments of HR is talent management systems. These new integrated platforms automate and improve processes for applicant tracking, goal setting and performance management, career and succession management, employee development, and various elements of compensation. The market for integrated talent management systems grew out of the long-established markets for applicant tracking systems, learning management systems, and performance management tools. Bersin & Associates estimates that the market for such integrated systems will exceed $2.5 billion by the end of 2010 and continue to grow at more than 15%, despite today’s recession. What should you as an HR manager do about these systems? Is it time to jump in and replace your existing, somewhat dated HR software with one of these solutions? Which ones are the best fit, and what modules should one purchase first?

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Editor's Welcome

 

Hello! And welcome back as we enter 2012, with a busy year ahead of us all. With talk of double-dip recessions, a possible partial or even full break-up of the Eurozone and unemployment rates set to hit nearly 9%, topics such as organisational streamlining, staff resilience and talent management are likely to be on many an HR professional's lips over the next 12 months.
 
But to lighten the gloom here in the UK, we also have the Queen's Diamond Jubilee and its attendant public holidays to look forward to at the start of June. Followed by two weeks of Olympic Games from 27 July to 12 August and the Paralympics from 29 August to 9 September, each generating their own excitement, but also issues to work through for hard-pressed HR departments trying to sort out the multifarious staffing issues in advance.
 
So with an interesting but challenging year to come, HRZone promises to be with you, supporting you all the way and providing our usual insightful blend of news, analysis, community blogs and expert comment to help you sort the wheat from the chaff. As ever, we love to hear from you too so feel free to either post your words of wisdom to our blog section yourself or, in the case of longer, more in-depth ‘expert voice’ articles, drop me a line with any ideas to cath.everett@siftmedia.co.uk.....
 
Cath Everett
HRZone Editor 
 
 
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