Talent management is all about the people of an organization. Employees help a company meet or exceed its corporate goals. They fuel growth, innovation, and results. They foster the company’s values and culture and enable organizations to compete, succeed, and thrive.
How we work – and the skills we need to do that work – has transformed. Careers are fluid, hybrid work is the norm, and employees seek jobs that appeal to their whole selves. To attract, develop, and retain them, you need to give them individualized experiences and constantly nurture them to grow and perform at their best while building a pipeline of skills for the future.
SAP SuccessFactors Talent Management consists of the following key components. These work together to create a complete solution for the employee lifecycle.
- Recruitment: The end-to-end process of sourcing, attracting, and selecting candidates to fill open roles in the organization.
- Onboarding: The process of ensuring new employees land well in the organization, including helping them understand their role, the company culture, and expectations.
- Performance Management: The continuous process of assessing and improving employee performance using feedback, goal setting, and performance reviews.
- Learning and Development: Programs and initiatives aimed at improving employees’ skills and knowledge to enhance their performance and career progression.
- Succession Planning: The process of identifying, calibrating, and developing internal talent to fill key roles and hard-to-fill positions in the organization’s future.
Today, companies are turning to technology to support the needs of their employees and their business. By harnessing the power of AI, companies can attract and build the skills needed for the future while empowering each individual to create a career that’s completely their own. Enabling employees to share more about who they are – their strengths, aspirations, and preferences – helps the organization match people with meaningful work and build optimal, dynamic teams with greater ease.
This comprehensive and strategic approach provides significant operational efficiencies for the HR team. It also ensures everyone in the organization is connected, supported, and empowered to do their best, helping businesses perform at their best.