Talent management systems a growing investment area

Organisations are continuing to pursue new efficiency software solutions in order to drive greater performance across the business, specifically in the realm of hiring.

That's the finding from recent research from the Bersin, part of Deloitte. The company recently took a closer look at the growing demand for recruitment and HR software and the future growth these areas are likely to see.

Underpinning the growth in demand for these systems is the expanding market for improved talent management strategies and a greater investment in areas like training initiatives that can support a high-performing organisation.

 This was further emphasised by Karen O'Leonard, the vice president of benchmarking and analytics research at Bersin, who highlighted the importance of matching data with actionable insights.

"Organisations are struggling to build their internal analytics skills and are looking for answers in technology," stated Ms O'Leonard.

"However, technology alone is not the answer. HR organisations need to know how to glean from what may be a morass of statistical data the information they need to make meaningful change."

Talent management in particular was cited as a significant area where companies are investing in new services in order to retain staff and build a pipeline of effective workers. By having the right analytical tools on hand to identify and support these employees, companies will be well-placed to fill positions as they open within a business.

For specialised recruiters, FastTrack360 is an ideal solution to streamline the process of hiring new workers in an organisation. By taking this step, recruitment companies will be able to operate all of their hiring processes through a single framework, which can in turn streamline this process for both clients and potential candidates.

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