Talent Management Software Market Worth to Reach $11,367 Million by 2019
According to a market research report published by MarketsandMarkets, the global Talent Management Software Market is expected to grow from $5,270.3 Million in 2014 to $11,367.0 Million by 2019, at a Compound Annual Growth Rate (CAGR) of 16.6%.
The success of every organization is based on the performance and quality of the employees. Therefore it is of extreme importance to identify, acquire, retain, motivate and manage the best talent. With the introduction of information technology, various software solution providers have identified the need for solutions which enable easy and efficient management of talent for functionalities such as recruitment and retention, culture, performance and appraisal management, leadership development, training and others. Now more than ever, HR Executives are using technology to simplify and improve the employee experience while increasing levels of engagement and retention.
Talent management is more than just attracting and retaining talent. It’s about building an organization's capability to manage talent that allows existing talent systems to be integrated and aggregated into one dashboard providing companies with a single view of their aspects related to talent.
Companies provide end to end solutions which can be deployed on the cloud as well as on-premises in order to suit the client requirements. Furthermore, leading market players in this market provide highly customized solutions which fit the client needs giving them sharp edge efficiency for their talent management functionalities.
At the the Chief Talent Officer Exchange, some of the most innovative Talent Management Technologies will showcase what’s new in the market and how to find the right technology and implement employee-centric management systems. Can you help top organizations with their talent management challenges? For more information, click here.