Hiring employees used to be simple. You hung up a “help wanted” sign, conducted a few interviews and hustled your new staff member off to his or her cubicle. Not any more. In today’s modern economy, hiring and managing employees is far more complex —and it needs to be done effectively if you want to capitalize on your company’s most valuable asset.
And so was born talent management, a whole range of tools and processes designed to address the personnel needs of the organization and the aspirations of the employee. Talent management includes recruitment, performance management, career development, goals, competencies and succession. And it’s a critical component in your human capital management (HCM) approach — a way to look at the entire cycle of human resource activities from hiring to development and retirement.
Fortunately, there is talent management software available to assist you. Talent management solutions simplify and streamline the process, and they are available in a wide variety of configurations and deployment options. The end goal is to have an efficient, productive, motivated workforce — with the right people in the right positions at the right time.
Want to know more? TEC’s 2011 HCM Buyer’s Guide is a good place to start. You’ll learn about the latest challenges, trends and developments in talent management and HCM and how it can fit into an overall HCM strategy. You’ll also get case studies, success stories and vendor comparisons to help you find the solution that fits your needs. Download your free copy here.