Talent Management Software Market - Opportunities and Forecast, 2017-2023
Talent Management software (TMS) provides solutions for all workforce management needs, which include performance management, strategic hiring, and development. The talent management software package consolidates the four essential pillars of talent management‐recruitment; learning and development; performance management; and compensation management. Traditionally, human resource management systems (HRM) and enterprise resource planning (ERP) were intended to focus on management of the basic human resources process. However, the talent management software emphasizes on the long-term organizational goals and retention of top talent. Further, it helps to execute a strategic hiring process along with safeguarding of the employee development and selection of the right person for the job.
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