Talent Management Software (TMS) is an integrated software platform that supports various human resource (HR) processes, including recruitment, onboarding, performance management, learning and development, and succession planning. It enables businesses to accurately manage, evaluate, and compensate based on employee performance.

TMS solutions automate all talent management processes, providing HR personnel and managers with the tools to plan, attract, develop, reward, engage, and retain their workforce effectively. With the increasing demand for automation and digitization of HR processes, the TMS market is expected to grow in the coming years, with key players like Cornerstone OnDemand, Oracle Corporation, SAP SE, and Workday driving growth through their advanced features and services.

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Talent management software refers to an integrated suite of modules that support an organization's needs to plan, attract, develop, reward, engage and retain its workforce. It provides businesses, HR personnel, and managers with the tools to accurately manage, evaluate, and compensate based on employee performance

Talent management software enables the automation of all talent management processes and is typically made up of several components 4, such as recruiting, onboarding, performance management, learning management, and succession planning. Some of the top talent management software in 2023, as per a recent review, include Paycor, Rippling, Workday, and Trakstar.