Can Talent Management Technology

Talent Management Technology market has seen a considerable change over the past three to four years, which has made organizations to think on standalone or one stop shop solution for talent management from 2015 onwards. One of the major driving factors are alliances taking place in between talent management dominating players such as SAP and IBM , Lumesse SABA and Workday in 2014. Oracle and Sage, Cornerstone onDemand and Bombardier in 2012. These alliances have made organizations to reason for a zone of possible technology consolidation in the next two years. But this opportunity for consolidation is still a myth in the market place at present, majorly because of low maturity of data in sub-categories of talent management such as Recruitment, Compensation, Workforce Analytics, Succession Planning and Learning & Development. The article explains the challenges faced by the Fortune 500 companies in implementing the Standalone Talent Management Suites and also highlights the advantages of getting along with the "Best of Breed approach" in this specialized technology segment. The articles also speaks about the implementation steps to be taken in order to achieve the consolidation by 2020 (Year estimated by HRO and Gartner Study for complete Big data in Talent Management)   Author: SAPANJEET SINGH