The HRM Report recently interviewed Onrec’s North American CEO RD Whitney discussing the growing importance of talent management technologies. Read the full article 'Keeping Track.'
A summary of Mr. Whitney's comments:
- We are seeing is a large increase in the interest and adoption of talent management technologies.
- The term ‘applicant tracking system ’ is a bit old school in the marketplace. Corporations and organizations are starting to look at talent management in a more holistic way. They need systems that track talent not just from the candidate stage, but all the way through – from sourcing, to screening, to the offer process, to onboarding, to career management and retention, and finally to outplacement or retirement.
- We see web 2.0 companies delivering innovative solutions to this talent management spectrum. There are online solutions now focused on every band in the talent management spectrum. This evolution is happening, and web 2.0 and mass collaboration are accelerating the change.
- Applicant tracking installations did not keep pace with the needs of the marketplace. Like in online advertising, the recruiter audience demanded measurability and customizations. As is usually the case, Darwinism caused more nimble players to surface and steal market share from the original players.
- Large job boards are being forced to evolve or become irrelevant. Niche players and innovative online recruiting solutions are changing the game.
- We are watching the global online recruitment market undergo seismic shifts. Never before, since the inception of online recruitment, has the industry come together in such a comprehensive, global way – then again, there hasn't been such tremendous change since the industry started.
Be sure to check out the upcoming Online Recruitment Conference & Expo 2008.
- Generally, the emerging talent management technologies are reducing the cost per hire.
To read the latest white papers on Talent Management, visit the new HRmarketer Community and search for talent management white papers.
Labels: Onrec, talent management, white papers