Talent Management Software (TMS) provides solutions to all workforce management needs, including performance management, strategic recruitment, and development. The talent management software package includes four key elements in hiring talent management. Learning and development; performance management; compensation management.
Traditionally, Human Resource Management Systems (HRM) and Enterprise Resource Planning (ERP) aim to focus on the core management of the HR process. But the talent management program emphasizes long-term organizational goals and retention of top talent. It also helps in running strategic recruitment processes while protecting staff development and selecting the right people for the job.
The TMS market was invented through the continued adoption of advanced technology and dynamic HR practices. Growth in the TMS market is driven by the need for next-generation performance staff, process automation, and the need for better performance management across organizations. In addition, matching personal goals with the organization, team collaboration and feedback is another factor in the TMS market.
In addition, the need for global workforce communication, integration with social media for better management, and real-time workforce participation will strengthen the TMS market in the near future. However, the costs of TMS devices and ever-changing talent management practices hinder the growth of the global TMS industry.
The TMS market is evolving very rapidly, as there is a need to implement a better employee performance management system, and because of the cost-effective benefits of TMS, SMEs are looking to invest in TMS. A variety of major vendors launched new products on the market to meet these new needs. For example, IBM Corporation has launched the Kenexa solution that integrates the need for a smarter workforce, such as employee assessment and IO psychology, with a variety of solutions offered by the company.
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Key Market Segments:
Key Market Player:
Kenexa, SuccessFactors, Oracle Taleo, Cornerstone, Saba Cloud, People Fluent, People matter, Ultimate Pro, Lumesse ET Web, and Sum Total Systems
By Platform Type
By Organization Size
By Industry Vertical
By Region:
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Table of Content:
Chapter 1 Global Talent Management Software Market Overview
Chapter 2 Global Economic Impact on Talent Management Software Industry
Chapter 3 Global Talent Management Software Market Competition by Manufacturers
Chapter 4 Global Talent Management Software Production, Revenue (Value) by Region
Chapter 5 Global Talent Management Software Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Talent Management Software Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Talent Management Software Market Analysis by Application
Chapter 8 Talent Management Software Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Talent Management Software Market Forecast
Chapter 13 Appendix
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- Port of Oakland's new TMS provides real-time insights for truckers - CCJ - February 5th, 2024 [February 5th, 2024]
- TMS Taps Michelson To Oversee Global Talent Development 01/02/2024 - MediaPost Communications - February 5th, 2024 [February 5th, 2024]
- 11.24% CAGR Growth in Transportation Management Systems (TMS) Market by Solution (on-premise and cloud-based ... - PR Newswire - February 5th, 2024 [February 5th, 2024]
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- Local veteran finds success with TMS therapy | Local News | thenewsenterprise.com - Elizabethtown News Enterprise - September 29th, 2022 [September 29th, 2022]
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