A Modern Approach to Talent Management
NetDimensions Talent Suite is an enterprise Talent Management System (TMS), which focuses on Learning & Performance Management at its core. It helps organizations in highly regulated industries worldwide achieve productivity & efficiency improvements, cost reduction, compliance management, and cultural & process innovation with a practical approach to support an innovative model of ongoing integrated talent management.
NetDimensions Learning is a multilingual Learning Management System (LMS) that enables organizations to manage the entire learning and development process from enrollment and delivery to testing, tracking, certifying and reporting in a highly personalized learning environment.
NetDimensions Performance is a modern and practical Performance Management System that provides dynamic goal management, hierarchical competency modeling & assessments, performance appraisals, career & succession planning, and talent analytics reporting.
NetDimensions Exams is a powerful assessment engine to author, schedule, deliver, track & report on examinations used by organizations in high-stake environments to regularly assess individual qualifications.
NetDimensions Analytics is a sophisticated cloud analytics offering designed to put more power & flexibility into the hands of users and enable actionable decision making based on flexible reporting, dashboarding with drill downs, multiple data source integration, and predictive analysis of talent data.
Recognized as a Leader
NetDimensions Talent Suite was awarded the 2015 Bronze Excellence in Technology Award by the Brandon Hall Group for Best Advance in Learning Management Technology and Best Advance in Learning Management Technology for Compliance Training.
NetDimensions Talent Suite was awarded the 2014 Silver Excellence in Technology Award by the Brandon Hall Group for Best Advance in Learning Management Technology for Compliance Training.
NetDimensions Talent Suite won the Award for Excellence for Best Talent Management System at the 2013 Best of Elearning! Awards.
A Talent Management System is an integrated set of software applications that human resource management (HR) professionals use to cultivate and maintain a company's human capital.
Because the Talent Management System keeps track of an employee's career starting with the hire date, HR managers can compile valuable data about the workforce at various points in the employee lifecycle. They can try to use this data to recruit more efficiently and identify future organizational leaders.The four modules contained in talent management software are referred to as the "four pillars."
- Recruitment - helps the company identify quality applicants and organize applications through an application tracking system (ATS).
- Performance management - allows managers to define and keep track of employee goals and rate progress.
- Learning and development - facilitates the onboarding process by providing new employees with training materials and enables seasoned workers to further their skills by taking courses and pursuing certifications.
- Compensation management - helps ensure that performance is reflected in compensation.
Whereas traditional HRMS and enterprise resource planning (ERP) systems focus primarily on transaction processing and the administration of basic human resources processes such as personnel administration, payroll, time management, etc., talent management systems focus on providing strategic assistance to organizations in the accomplishment of long-term enterprise goals with respect to talent, or human capital. Talent Management Systems may also be referred to as or paired with an applicant tracking system (ATS) in either standalone application or as a suite of products. According to Bersin, talent management may be defined as the implementation of integrated strategies or systems designed to improve processes for recruiting, developing, and retaining people with the required skills and aptitude to meet current and future organizational needs.
Tips for choosing a Talent Management System
There are several important factors to keep in mind when choosing talent management software, according to industry experts. HR leaders should first examine the business' workforce, taking into consideration the number of employees, their geographic locations, and turnover rates. Any other software that the company uses, such as a CRM or ERP system, should also be taken into account for integration purposes.
HR leaders should go into the decision process with a clear idea of what they'd like to accomplish with the aid of new software. Is the goal to automate manual processes, standardize a number of disparate systems, or completely reinvent the HR approach? The answer will help HR managers choose the right talent management software to address the company's specific needs.
It's also important to calculate the TCO of a new HR system, a step that experts say often gets overlooked. A strong business plan can help win the support of a company's C-level executives, whose endorsement of talent management software is often critical for its success.