Talent management software refers to an integrated tool that focuses on different components of managing human resource management. It includes features designed to help all employees reach their full potential, and to keep company leadership well-informed of their performance. Going far beyond traditional, annual reviews, effective talent management software provides solutions that support employee talent’s, day-to-day work, as well as overall career development.

Talent management is the systematic process of identifying the vacant position, hiring the suitable person, developing the skills and expertise of the person to match the position and retaining him to achieve long-term business objectives.

Talent management naturally encompasses many of the responsibilities of HR. All the same, it is not enough to expect that just because you have an HR department, you are managing talent. You need to have a talent management strategy in place designed just for your company to gain optimal results.

Talent Acquisition refers to the process of identifying and acquiring skilled workers to meet your organizational needs. The talent acquisition team is responsible for identifying, acquiring, assessing, and hiring candidates to fill open positions within a company. Employer branding, future resource planning, diversifying a company’s labor force, and developing a robust candidate pipeline are the cornerstones of talent acquisition.