In the past few years, talent management has become an integral part of every organization, due to the increasing concerns of companies in acquiring top talents to cater to their business needs. There has been a growth in social recruiting, video interviews, and other techniques to brand organizations in recent times, thereby leading to the increase of a new generation of employee hiring and management techniques.
Talent management software helps organizations attract highly skilled people, integrate new talent, and retain the existing ones. Earlier, various soiled software was available for talent management, which led to various issues, including ineffective hires, missing out on the cream talent from the crowd, and many others. Due to this, the demand for an integrated talent management suite has increased, which can provide all the functionalities in one software. An integrated talent management software helps human resources to determine a potential employee by integrating hiring strategizes with real-time collaboration tools. Integrated Talent Management software helps employers align their talent strategy with business objectives, thereby gaining the flexibility to adapt to change.
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Integrated Talent Management Market: Competitive Landscape
Some of the key players operating in the integrated talent management market are
- Randstad Sourceright Limited
- Oracle Corporation
- PeopleFluent, Inc.
- SAP SE
- Cornerstone OnDemand, Inc.
- Saba Software
- IBM Corporation
- SilkRoad technology, Inc.
- Lumesse, Inc.
- SumTotal Systems, LLC
- The Ultimate Software Group, Inc.
Integrated Talent Management Market: Segmentation
The integrated talent management market can be categorized on the basis functionality, and end-user. The section market analysis by functionality comprehensively analyzes the integrated talent management market by various functions and feature provided by the integrated talent management software. The section market analysis by end-user comprehensively analyzes the integrated talent management market by various verticals across which the integrated talent management software is used.
Segmentation based on functionality in the integrated talent management market:
- Talent Acquisition
- Performance Management
- Learning Management
- Succession and Leadership Development
- Workforce Planning
Segmentation based on end-user in the integrated talent management market:
- IT & Telecommunication
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Integrated Talent Management Market: Drivers and Restraints
Integrated talent management software solves the issues of communication gap, and also provides efficient data sharing technology, thereby maintaining consistency. Integrated Talent Management also helps accelerate talent agility and gain global visibility on the resources used throughout the organization.
Such factors are driving the market for integrated talent management. The Integrated Talent Management solutions also provide great scalability and flexibility to organizations and help them acquire talent that can meet their business objectives at any given time. The benefits offered by integrated talent management are further driving the adoption of integrated talent management over the soiled ones.
Integrated talent management software is very costly in terms of time, resources, and financials since it requires a lot of time to develop and implement this software. Integrated talent management also creates a lot of conflicts between HR and management, which also hinders enterprises from adopting it. Such factors are restraining the growth of the integrated talent management market.
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The report covers exhaustive analysis on:
- Global Integrated Talent Management Market Segments
- Global Integrated Talent Management Market Dynamics
- Historical Actual Market Size, 2013-2017
- Global Integrated Talent Management Market Size & Forecast, 2018 to 2028
- Supply & Demand Value Chain for the Integrated Talent Management Market
- Global Integrated Talent Management Market Current Trends/Issues/Challenges
- Competition & Companies Involved in the Integrated Talent Management Market
- Integrated Talent Management Technology
- Value Chain of the Integrated Talent Management Market
- Global Integrated Talent Management Market Drivers and Restraints
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