The product category termed human capital management, or talent management, is broad. It can include anything from tools and services that help businesses in recruitment to solutions that address employee motivation and productivity to software that assists in the management and information distribution relating to worker benefits such as health care insurance.
International Data Corp. in April released its 2015 MarketScape report on the worldwide talent management market. It indicates that human resources buyers said they believe social technology is a growing consideration, but that other factors are higher up the value chain in their minds. Lisa Rowan, research vice president of HR, Talent, and Learning Strategies for IDC (News - Alert), said "mobile, cloud, and analytics are still seen as more important than social technology by HR executives. As a result uptake of social technology in talent is slow with an aggregate average penetration rate of just 15 to 20 percent."
Here’s a look at what some companies in the human capital management space bring to the table.
CompensationXL provides the compensation team with a tool that is so configurable that it will truly automate and improve your current process without requiring a process overhaul. The solution shrinks cycle time and eliminates the administrative burden associated with managing merit increases, allocating short and long term incentives, and producing total compensation statements.
This company’s human capital management software is built on a foundation of position control. This ensures that your organization has no un-budgeted employees. Each new employee must be placed in an approved to fill position. Now you can budget at the position and full-time equivalent level, which is especially important for nonprofits.
With the Engagedly Platform, organizations can align and motivate their workforces. Features include manager feedback, peer praise, idea generation, knowledge sharing/elearning, rewards, objectives alignment (OKR), and social performance. Engagedly says it is the most comprehensive tool available to drive employee engagement.
FinancialForce.com, a cloud ERP provider on the Salesforce1 Platform, delivers ERP. FinancialForce ERP equips customer-centric businesses with a unified platform that delivers ERP and CRM on a single cloud, with apps that include financial management, human capital management, professional services automation, and supply chain management. It supports the entire HR spectrum, from recruiting and onboarding, to time and attendance, to talent management and benefits. With FinancialForce HCM, companies are able to increase employee engagement and drive better business decisions using its visual dashboards, reporting features and social capabilities. Managers have the ability to recognize, retain and reward talent via 360-degree performance reviews, goals management and compensation planning and employees can easily update personal information, refer potential applicants and review and update time off requests. New employees benefit from FinancialForce HCM’s social onboarding features, and it helps HR departments focus on strategic initiatives by automating manual tasks that previously required time consuming paperwork and data entry.
Gild, the company that powers the way companies find, engage, and hire talent with data and intelligence, recently announced a comprehensive business intelligence solution for hiring, available through The Gild Platform. Gild’s Business Intelligence for Hiring replaces the need for a costly, external BI platform and applies predictive analytics and insight to every stage of the hiring process, delivering 360-degree information and easy, customized reports that help every job role make better decisions. Traditional hiring analytics solutions require additional BI-specific tools and expertise plus manual input and maintenance for reports that provide limited information and only scant intelligence. In comparison, Gild’s Business Intelligence for Hiring automatically gathers data into graphical reports that are easily customized by job role and refreshed on a scheduled basis.
Halogen Software offers an organically built cloud-based talent management suite that reinforces and drives higher employee performance across all talent programs – whether that is recruiting, performance management, learning and development, succession planning or compensation. With more than 2,100 customers worldwide, Halogen Software has been recognized as a market leader by major business analysts and has garnered the highest customer satisfaction ratings in the industry. Halogen Software’s powerful, yet simple-to-use solutions, which also include industry-vertical editions, are used by organizations that want to build a world-class workforce that is aligned, inspired and focused on delivering exceptional results.
iCIMS, a provider of software-as-a-service talent acquisition solutions, is an Inc. 500 and Software Satisfaction honoree focused on helping businesses win the war for top talent through the implementation of easy-to-use, scalable solutions that are backed by award-winning customer service. iCIMS' Talent Platform, a candidate management solution, enables organizations to leverage mobile, social, and video technologies to manage their entire talent acquisition lifecycle from building talent pools, to recruiting, to onboarding all within a single web-based application. With more than 2,700 clients worldwide, iCIMS is one of the largest and fastest-growing talent acquisition system providers, with offices in North America, the U.K., and China.
Impraise is a web-based and mobile solution for providing real-time performance feedback at work. Most employees receive feedback once or twice a year, which means that they get few opportunities to improve. Impraise makes the bi-annual review process faster and clearer, and gives everyone the chance to give and request feedback at any time. With regular and real-time feedback, users are able to uncover concrete steps for improvement. Impraise provides a range of customizable skills and competencies to gather targeted feedback. The software helps teams coach each other toward higher productivity and better communication. The user-friendly interface of Impraise is practical for providing both qualitative and quantitative feedback. Employees can use continuous feedback to identify their strengths or learning opportunities. Managers can apply the software for setting up 360-degree feedback sessions and tracking team performance and progress. The reports can also be used for effective one-on-one meetings or standard performance reviews. With Impraise, employees stay on track to reach their business and development goals. Moreover, companies achieve higher employee engagement by helping their people grow continuously.
HRTMS is a human resources software company that specializes in job description
management. Its HRTMS Jobs allows users to go beyond just editing and storing job descriptions, by making job descriptions the centerpiece and “record of truth” of
talent management operations such as compliance, recruiting, performance management,
market pricing, compensation planning, training, succession planning, and more. HRTMS works with organizations in a wide range of markets including manufacturing, health care, education, retail, finance, pharmaceuticals, energy, technology, hospitality, professional services, media services and government. Since its release in 2010, HRTMS Jobs has become a popular, comprehensive, powerful, and easy-to-use job description management tool.
Founded in 1997, PeopleFluent is a social human capital management technology company that provides talent management solutions built around people and not HR processes for organizations across a variety of industries. The company’s solution suite includes talent management solutions for recruiting, performance, compensation, succession, learning, compliance and diversity and vendor management. By deeply integrating pervasive video, strategic analytics and collaborative social technologies into its complete suite of talent management applications, PeopleFluent redefines employee engagement to address productivity loss and diminished financial results due to an increasingly disengaged workforce. Spanning across an organization’s entire global workforce with one talent cloud, PeopleFluent equips leaders with the talent data and strategic analytics necessary to drive better business outcomes. Today, 80 percent of the Fortune 100 relies on PeopleFluent as part of their talent management delivery strategy, helping them successfully achieve their talent aspirations.
Thousands of companies throughout the world rely on Pinkerton Employment Screening to provide comprehensive human resource employment background screening services and solutions. Its solutions incorporate standardized best practices which help streamline your workflow and maximize productivity throughout the entire employee life cycle. Comprehensive employment screening services encompass swift and reliable background checks, drug testing, Form I-9 processing and much more.
Profiles International, which sells employee performance management solutions, is a research-focused company that generates valuable insights and media that help business and HR professionals succeed.
SilkRoad is a global provider of cloud-based, end-to-end talent management solutions that enable customers to find, attract, develop, and retain the best talent. The award-winning SilkRoad Life Suite includes talent acquisition, talent development, and HRMS solutions that are delivered through a tablet-friendly Talent Portal. The suite is easy to deploy and use – a single platform to rapidly boost employee engagement and business performance.
TargetRecruit is a flexible, full-service staffing solution in the cloud. Fully customizable, TargetRecruit can seamlessly integrate to fit the needs of your business. With TargetRecruit, you have the flexibility to pick and choose the right staffing apps for your team. You can easily add or remove its apps as your business needs change, just as you would with your phone or tablet. Founded in 2008 by a team of staffing executives and IT professionals, TargetRecruit’s founders know the staffing industry inside and out. As a result, they were able to build a cloud-based system that’s tailor made to soothe all the pain points specific to the staffing and recruitment business. Since then, TargetRecruit has grown to become one of the most highly recommended recruiting applications on Salesforce.com’s (News - Alert) application marketplace, AppExchange. Staffing and recruiting firms worldwide use TargetRecruit as an end-to-end solution for running their staffing business because of its flexibility, mobility, and ease of customization. TargetRecruit is headquartered in Nashville, Tenn., with centers in San Francisco; Bangalore, India; Sydney, Australia; and Minsk, Belarus.
Resumator helps everyone in your company adopt best practices for recruiting by empowering your team with intuitive tools that help facilitate each stage of the process. From posting jobs online, to screening resumes and even conducting interviews, Resumator brings welcomed tools and structure to your recruiting process. Optimizing your recruiting process is one thing; deciding who to hire is a whole different challenge. It’s hard to predict future performance through resumes, phone calls, and interviews. Resumator provides a structured framework for profiling an ideal candidate so everyone knows a performer when he or she sees one. From there your recruiting stages, interviews, and people quickly align around finding the ideal candidate.
Thomsons is in the global benefits software business. Its Darwin software is a global platform delivering end-to-end, automated, employee benefits administration. It connects employees with their benefits throughout their lives, in more than 70 countries and 19 languages, and is used by the world’s leading employers including seven of the top ten technology companies.
Towers Watson is a leading global professional services company that helps organizations improve performance through effective people, risk and financial management. With 15,000 associates around the world, the company offers consulting, technology and solutions in the areas of benefits, talent management, rewards, and risk and capital management. In April Towers Watson acquired Saville Consulting, an international psychometric assessment business. With the addition of Saville Consulting’s online assessment tools to its suite of HR software, data, analytics and advice, Towers Watson can address the big and growing area of leadership and talent.
Founded in 2009, the company has gained recognition among customers through consistent quality service delivery. More than 100 experienced application developers, PMI-certified project managers and experienced management at Trogon Soft have developed the product TeamWise. TeamWise HRMS comes with cutting edge functionalities that allow organizations to remain updated and techno-savvy along with advanced workforce management. The software is specifically designed to empower clients to enhance their global accessibility and connectivity along with meeting their workforce management needs.
Workfront is a cloud-based Enterprise Work Management solution that helps marketing, IT, and other enterprise teams conquer the chaos of excessive email, redundant status meetings, and disconnected tools. Unlike other tools, Workfront Enterprise Work Cloud is a centralized, easy-to-adopt solution for managing and collaborating on all types of work through the entire work lifecycle, which improves team productivity and executive visibility. Workfront is trusted by thousands of global enterprises, like Cars.com, Cisco Systems (News - Alert), Comcast, iProspect, Schneider Electric, and Trek.
Edited by Maurice Nagle