Almost everyone within an organization will use a talent management system, including recruiters, candidates, human resources personnel, managers, and employees.
A talent management system resolves persistent business problems, such as:
- Manual, time-consuming workflows for recruiting, onboarding, performance, learning, compensation, and succession activities
- Lack of continuity across systems with siloed data stores
- Sub-optimal manager engagement
- High employee turnover rates
- Few qualified candidates for open positions
- Consistent oversight for compliance with corporate and regulatory employment laws
A talent management system must be agile to adapt to rapid shifts in the overall business strategy. Determine in advance how the system will integrate with other applications and within the broader human resources infrastructure. Finally, consider the experience for every stakeholder and ensure the TMS meets the needs of these users.
Today, most talent management systems are deployed in the cloud. This deployment model is more scalable and provides enhanced security, storage, and other capabilities. It also supports a software-as-a-service (SaaS)-based business model, opening up accessibility for small and medium-sized businesses with more moderate operations.