How Talent Management Software Transforms Your Team

When you think of managing your team, what comes to mind? Does the question evoke thoughts of checking in on your team to check their progress on their tasks?

Fortunately, talent management software can offer so much more than that. 

With talent management software, you can not only hire the best candidates, but retain them by developing their careers and keeping them engaged with the organization.

Not sure how? Read on to learn more about why it’s important to further manage your team and how talent management software for small businesses is the solution.

1. Talent Management Software Allows for Better Employee Development 

When a new employee joins your team, it is essential that they are properly onboarded to ensure success on the job. However, after most employees receive the training they need to perform sufficiently, they are not given much further guidance to advance their careers.

Companies that fail to invest in employees’ career advancement may want to rethink that approach. According to a survey from LinkedIn, 94% of employees would stay at a job longer if their companies offered more opportunities for advancement.

Talent management software gives employees the ability to develop their skills long after their first day on the job. More specifically, employees can take courses and train through the software, while employers can monitor their progress through reports.

2. Talent Management Software Promotes Employee Engagement

While enjoying a job is important, engagement goes beyond just liking to socialize with coworkers and appreciating the benefits and pay offered. Employee engagement is the commitment that an employee has for their organization, the willingness to go above and beyond because they love their company. However, according to one report from Gallup, only 20% of employees admit to feeling engaged at work.

One of the keys to achieving engagement from your employees is to have them feel connected to the company, management and other employees from their first to their last day on the job. 

Through talent management software, employees can interact with managers to further develop their careers by aligning their work to their goals. Employees have their profiles and resumes uploaded to the system from day one and can be shared throughout the company. The encouragement to build and maintain relationships helps employees feel engaged in the workplace.

3. Talent Management Software Streamlines Hiring and Retention

One of the most important things for every company is hiring the top talent and then retaining those same employees. This has become harder for companies to do as the employee turnover rate has steadily increased throughout the last decade. Since 2010, the employee turnover rate has increased by 88% alone.

Through developing employee’s career goals and keeping them engaged, talent management software increases employee retention in the workplace. But how can employers find the top talent in the first place?

Talent management software streamlines the entire hiring process by posting job offers, keeping track of resumes and applications, and increasing employer/candidate communication. 

Conclusion

Talent management software is the key to bringing your team’s management to the next level. By creating an emphasis on career development and employee engagement in your workplace, you can better retain and attract top talent. This leads to great productivity and collaboration among employees.