HR Software Includes Talent Management Solutions

Talent management solutions ensure large corporations efficiently recruit, train, and manage their workforces. In today’s economy, every open position receives many applications. Human resource (HR) software solutions include talent management functionality that allows you to organize those resumes and applications to find the best candidates, and then leads the recruiters through the hiring process.

Prior to the introduction of talent management solutions, most job applications and hiring documents had been filled by hand, an inefficient and time-consuming process. With the addition of a robust HR system that includes a talent management solution, your staff’s time and energy is saved by automation of the applicant tracking process. Because data entry tasks are eliminated, errors are reduced.

Great For Any Size Company

HR software with talent management tools is often used in conjunction with online job boards when a large number of jobs have to be filled; however, even smaller companies can benefit from automating and tracking the hiring process. The systems automate the initial steps of the hiring process. Applicants submit their resumes through the system rather than contacting the HR department so more applicants can be processed at an expedited rate, and HR staff is free to perform other tasks. The software can scan electronic resumes to automatically filter out less qualified individuals.

Talent Management Solutions vs. Applicant Tracking

Leading HR software solutions offer optional features and tools, including functionality for applicant tracking and hiring assistance. Applicant tracking capabilities are related to talent management solutions in that both create an accurate and organized database of applicants, including the applicant’s work history, education, and contact information. The collected data is organized into a single database that is accessible over the Internet to anyone involved in the hiring decision
However, applicant tracking functionality only follows a candidate through the hiring process.

Talent management solutions extend the management through the onboarding process and follow the new hire throughout the career with the company to monitor training and compliance issues. The systems identify each employee’s talents, training, and experience to enable managers to make the most use of the available resources. information provided helps corporations alter their training process to better match different applicants and ensure a more personal and effective training experience.

Talent Management Solution Value Proposition

With talent management solutions, a company is able to optimize its workforce to increase productivity. Talent is identified and documented so that it can be deployed effectively. The best solutions uncover unknown talents and elevate their visibility so that their skills can be best utilized.

And, of course, the talent management solutions save time and money by automating the hiring and recruitment process. Candidates can be accurately categorized and documented to allow HR staff to work on more important projects. Increased efficiency usually leads to increased productivity, and so, talent management systems typically return their investments very quickly. Productivity usually equals higher profits. Combined with more qualified applicants and an overall stronger workforce, profitability makes these HR systems a popular addition to a company of any size.