Transparency Market Research (TMR), a market intelligence company providing global business information reports and services, recently announced the release of their research report titled, “Talent Management Software Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014-2020.”
This research report analyzes the talent management software market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed include: North America, Asia Pacific, and Europe.
Talent management is defined as the process of recruiting, training, developing and retaining employees by organizations so that they are able to reach their organizational goals. It implies that organizations are strategic in sourcing, attracting, choosing, training, developing and retaining employees throughout the organization.
Almost all talent management goals are linked to business strategies and everything done to recruit, develop, reward and retain is a key part of strategic workforce planning. For some organizations, the intellectual capacity and skills of employees is the utmost factor while executing business strategies.
The talent management software analyzed in this report is segmented on the basis of types and extend of solutions offered by each of them. The first type is administration software, which is implemented to perform tasks like payroll management, time and attendance management and benefits management. The second variation in talent management software is used for assisting in recruitments, training, performance management, business intelligence (BI) and succession management.
Talent Management Software (TMS) can also be segmented on the basis of employee sizes and revenues of the company into small and medium-sized businesses and large enterprises. Increasing regulation and enforcement of changing labor policies by the government is absolutely a factor that’s contributing to the growth of the talent management software market, according to a press release.
The report dives deep into current workforce trends and challenges associated with the talent management software market, like understanding the technical requirements of organizations and integrating various modules of the software to perform various functions.
Some prominent vendors in the Talent Management Software Market Report include: Taleo Corporation, SuccessFactors, Halogen Software, PeopleAdmin and SumTotal Systems Inc., to name a few.