What is talent management and human resources software?

The suites are an integrated set of applications that support an organization's need to plan, attract, develop, reward, engage & retain talent. Such applications include workforce planning, talent acquisition & onboarding, performance appraisal/assessment, goal management, learning management, competency management, career development, succession management & compensation management. These functional components align with the key human capital management (HCM) processes of plan to source, acquire to onboard, perform to reward & assess to develop. The TM market is boosted by functionality to improve workforce engagement & collaboration, as well as to provide greater analysis & even predictive insights to improve decision making around workforce actions. It supports a variety of capabilities & are typically composed of four or more of the stated applications: workforce planning, recruiting, onboarding, performance & goal management, learning management, career, succession planning, & compensation management.

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