20 Jan Human Resources Management & Talent Management: Understanding the Relationship
Human Resources Management Versus Talent Management
HR management is a centralized practice that has traditionally been in charge of attracting talent, onboarding new employees and then turning them into top performers for a company. Talent Management, a newer concept, is a more holistic approach. Talent Management shifts the focus from ‘What can I get out of an employee?’ to ‘How do I engage and retain an employee so that they continue to stay for the long-term?’
Both Talent Management and Human Resources Management are concerned with managing employees, but Talent Management:
- Focuses on involving those who are closest to employees – the line managers.
- Targets Enterprise Goals. Talent management tools take top performers and prepare them for strategic, leadership positions. Thus putting special emphasis on trainings, personal development, coaching and stay interviews instead of token employee appreciation gestures and exit interviews.
Talent management software solutions provide competent decision support to help line managers improve retention, engagement and productivity.
HRsoft is a leading provider of strategic talent management software that improves manager effectiveness and business results. Our full suite of cloud-based HR software solutions includes applicant tracking software, compensation planning software, total rewards software, stay interview software, performance management software, and content management software. To learn more about our Talent Management Software, click the button below!