- Talent Management
Technology and Talent Management
The technology industry centered on talent management software and tools is growing by leaps and bounds.
It’s a multi-billion dollar industry, and there’s good reason for that.
Employers are facing what they perceive as a skills shortage or gap and the technology becoming increasingly available is helping them tackle the problem head-on.
Beyond a Database
In the past, talent management technology and software was essentially a way for human resources departments to keep track of employees in the most basic ways possible. It was a collection of data that could be used for little more than keeping up with employees’ names, positions and salaries.
That, however, has all changed.
Companies like Oracle have turned talent management technology on its head, and have made it a crucial component of today’s workforce development and the economy as a whole.
The Achievements of Talent Technology
So why is talent management-based technology so important to today’s businesses?
It’s the key to not just attracting top talent, but retaining that talent.
Today’s technology gives business leaders the opportunity to obtain an in-depth look at the comprehensive processes driving talent management.
Corporate leaders have the ability to manage the entire lifecycle of an employee’s career, identify top talent and potential leaders, and also recognize gaps.
There are opportunities to delve into the driving forces behind a workforce and gain insight into what’s motivating them and what’s going to keep them.
Technology in the talent management realm also opens the door for long-term planning and the creation of enduring goals that hasn’t been seen before. There is the opportunity to track and manage talent and ensure you’re aligning yourself with your overall goals every step of the way.
Human resources and talent management are no longer about the bare bones data—developments in technology are laying the groundwork for talent management to be the driving force behind the world’s top companies.
March 27, 2015 Sherman Morrison
In today’s rapid-paced business environment, it’s all too easy to forget one of the most important themes to emerge in the HR function of the last couple decades – integrated talent management. It’s the Holy Grail of what talent management departments and personnel should be about. Making it happen is no easy task, however, which […]… read more
January 17, 2015 Sherman Morrison
Scott Scherr is the founder and current CEO/president of Ultimate Software, which he started back in 1990. The company went public in 1998 and today boasts more than 2,700 customers and 2,200 employees in 150 countries. Headquartered in Weston, Florida, the singular mission of Ultimate Software is “…to deliver unified, end-to-end HCM cloud solutions…to improve […]… read more
January 14, 2015 Sherman Morrison
When Oracle orchestrated a hostile takeover of PeopleSoft in 2005, founding CEO David Duffield and chief strategist Aneel Bhusri took their revenge by starting Workday as a direct competitor, and offerings its services at a fraction of the rate of the bigger players. Just 7 years later when the company went public in 2012, it […]… read more
January 14, 2015 Sherman Morrison
Kenexa got its start in 1987 by providing recruitment solutions to a wide range of industries. In its first decade it established its first automated recruiting management system, employee research functions, and integrated performance management, all through on-demand software. Around the turn of the millennium, Kenexa got out of the brick-and-mortar world of staffing and […]… read more
December 23, 2014 Ashley Sutphin
When you hear the phrase “talent management” or “talent management software,” small businesses might not be the first thing that comes to mind, yet these are elements that can be essential to growth and success of businesses of all scopes. While many talent management software solutions aren’t geared towards the unique needs of small businesses, […]… read more