A guide to talent management tools and trends

Editor's note

The war for talent rages on. With the market for quality workers becoming increasingly competitive, executives are making their company's human capital a top priority. HR leaders have more information at their fingertips than ever before and have turned to analytics tools to find, hire and retain the best talent. Companies also want to implement performance management technology to appeal to an increasingly collaborative and tech-savvy crop of new workers.

In this guide, we explore the four pillars that make up talent management, and its potential benefits. These four functions are recruitment, performance management, learning and compensation management. The recruitment module helps HR to attract qualified candidates and keep track of resumes through an applicant tracking system. Performance management enables managers to define and monitor employee goals. Learning tools aid with onboarding, provide employees with training materials to improve their performance and keep track of skill progression. Compensation management connects performance to pay and makes sure that every employee is paid correctly.

Talent management software unifies these four functions, although a number of products from niche vendors specifically address one or more of these areas.

Read on to learn more about talent management tools and trends.