The traditional Enterprise Resource Systems or Human Resource Management Systems handled administrative functions of Human Resource Processing like processing of payroll, personnel administration, time management etc. These systems could only handle transaction oriented processing.
Talent Management software systems on the other hand aid in implementing the strategic objectives of the organization with respect to its human capital. The functions provided by a Talent Management system include:
Therefore, Talent Management systems help the organization achieve its long term objectives by creating a nurturing a talent pool within the organization. Some leading producers of Talent Management systems include Kenexa, Taleo Corporation, People fluent, Ultimate Software, Sum Total Systems, Oracle, SAP AG etc.