What is the most valuable asset of a business? The answer is in the tens, hundreds, or thousands of employees that make up the workforce. Talent management, beyond a speck of confusion, thus becomes a critical component to the success of a business. In the wake of changing workforce demographics and globalization, aligning human resources with the overall business strategy has become even more imperative. Marshalling talent with strategy is the key for a business in the ever-changing talent management industry, which is witnessing the amalgamation of human resources (HR) and technology that brings about numerous innovative solutions in the market. Innovative technologies pertaining toAI, big data analytics and the cloud have brought many innovations to the talent technology landscape for the businesses to explore and benefit.
Most notably, AI is bringing in groundbreaking changes in talent management and HR tech. It is transforming the industry by enhancing and personalizing the candidate experience and by automating repetitive tasks. AI-powered virtual assistants and chatbots are transforming the workplaces by providing a seamless and flexible employee experience that is more user-driven. Similarly, big data analytics has brought in some significant transitions. It provides HR departments with the ability to make data-driven, objective, and overall better decisions about their employees and the company as a whole. Besides aiding in talent recruitment and employee retention, it also plays a significant role in employee productivity, knowledge management and future casting. Further, cloud-based HR systems give businesses the computing power and the ability to survive and thrive in this information era. Collaboration tools, social recruiting, and predictive analysis are also making their way in the talent management industry.
At this juncture, there are numerous talent management solutions available in the market that caters to different requirements of talent management. Most of them cover the core capabilities, from onboarding and performance management to employee engagement and succession planning. To help companies choose the best solution that fits their requirement, Manage HR has compiled the list of the top 10 talent management solution providers and consulting companies 2020. The enlisted solution providers are the frontrunners in the market that provide some standalone features. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.
We present to you Manage HR’s “Top 10 Talent Management Consulting/Service Companies - 2020.”