What is a Talent Management System?
A talent management system (TMS) is an integrated software suite that addresses the “four pillars” of recruitment; performance management; learning & development; and compensation management. TMS’s are designed to improve processes for identifying, recruiting, developing, and retaining people with the required skills and aptitude to meet current and future organisational needs.
TMS solutions typically offer one or many disparate or integrated modules to provide business functionality in the following areas:
- performance management
- goal management
- compensation management
- talent acquisition/recruiting
- learning management
- career development
- succession planning