To some, a statement that “the talent management lifecycle can generate significant business value” may sound exaggerated. But, you don’t have to look far to see articles about attracting, developing, and retaining talent. Forecasts abound on retirements, labor shortages, quality of new hires, and competition. All point to the need for organizations to act now or risk losing competitive advantage.

The way to act is to implement a comprehensive talent management software package within your organization. The term “talent management” most often refers to managing the entire employee lifecycle – sourcing, attracting, selecting, training, developing, promoting, and basically moving an employee through an organization. By understanding the various components of talent management, or human capital management as it is sometimes called, you can understand how your organization can proactively manage the employee lifecycle, and you can become strategic and deliberate in how you manage talent so the entire organization is aligned.

The Talent Management KnowledgeBase details the various functions associated with talent management software; i.e., talent acquisition, performance management, rewards management, talent planning, learning management, and workforce management.

Specifically, this KnowledgeBase looks at the quantitative tools needed to improve, measure, and quantify the value delivered from HR processes. The Talent Management KnowledgeBase shows companies how to do the following:

• Attract talented individuals to work for the organization.
• Complete the full cycle, from planning to deployment, in a timely manner.
• Place the right people in the right positions.
• Ensure a pool of readily available talent.

In addition, it provides an in-depth look at the companies that are currently providing talent management systems. Users can look at core, advanced, and optional components available in these products and can use the KnowledgeBase’s Talent Management Comparison Tool to see an apples-to-apples look at specific vendors.

Or, simply plug in the criteria your company desires from a talent management system, and the Talent Management Selection Tool provides details on the companies that best meet your needs.

Each talent management tool system is profiled extensively and provides information on the following:

• Company History
• Product Overview
• Workforce Planning & Forecasting
• HR Information
• Talent Acquisition
• And more...

Packed with detailed information, handy At-a-Glance charts, and technical guidelines, this online service is the only reference of its kind. It's the industry standard for helping e-learning professionals, developers, and purchasers locate and implement the right tools for successfully implementing talent management, and it's only available from Brandon Hall Group.