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Performance and goals monitoring
I fully concur with Dana Murphy (see in comments). In all the requirements, ensure the TMS / LMS / HCM system you choose can grow with you as well. For most a system that also has fully incorporated an Agile or at least Agile-like on-going development practice is highly recommended.
This is a very subjective question, and every client would answer it differently. The best approach is to create a thorough list of requirements, and then weight them based on the organization's priorities. There are so many features of talent management solutions, so understanding what is key for your organization will help when you start evaluating all of the different solutions in the market.
When evaluating a talent management solution there are many points to consider. These points range from :
--The ability and functionality need to post positions (boards, social media). This depends on the audience you want to reach
--The ability to screen applicants based on requirements, knock out questions or past history.
--the desired functionality needed to review resumes, schedule interviews and share calendaring.
--The solution should meet the needs of the business to capture , share and distribute notes as part of the interview process and finding with the different decision makers within the organization.
--the solution should provide the ability to generate templates for offer letters, as well as additional communications to be shared with other areas of the business (policies, handbooks, etc...)
--if you are using and ERP to house all employee data, the solution should offer the ability to integrate the talent data into the HR system with a certain level of integration.
Hope this helps
There are many moving parts, but I think there are two critical ones:
1st - integration with your HR tools. A great solution creating data that cannot be related to your current HR KPI, that cannot be consolidated and analyzed - is largely a waste of time and money.
2nd - usability. The only way to get user adoption without forcing your workers to waste time on a non-productive tool is to make sure it is simple and intuitive, with mobile access so it can be used during all those dead commute time.
Once you start discussing functionality, then it is down to the details, and you really need to first identify your pain points and your priorities.
Decision to choose the TALENT Mgmt solution is far more simpler if these pre requisites are well thought of by the organisation HR Leadership.
Step 1: Understand your organisation and its tolerance to Change management.
For eg: Moving Talent management process from Pen & Paper/ Excel spreadsheets process to Highly complex system in a manufacturing setup would be too overwhelming for the employees in the organisation. In this case there can be a fair chance that there will be high resistance to use this new system, which might distort the entire HR vision towards Talent management.
Step 2: How should the new Talent management process should look like?
Usually organisations move to upgraded Talent Mgmt process as part of HR Audit findings and need for retaining/ nurturing Talent within the organisation. So it is always good to be transparent and clear on the objectives / outcomes derived out of this new TM process.
Step 3: HR Leaders need to align this thought with Business Leaders with a commitment / signoff to support this Change management initiative. If this is signed off successfully, half the battle is won in making the Solution successful.
Step 4: Consolidation of requirements for evaluation of solutions
2. Scale of deployment - Local or Global,
3. Type of workforce - Mobile / Office based?
4. So on
Based on these parameters, the customer can choose whether to go with a decision whether to go for a On Premise Solution / Cloud based solution.
On evaluation the customer needs to take into consideration the credibility of the vendor and if it meets their requirements.
Sustainability - Talent mgmt is a long term process, so it needs to be with a sustainable and a trusted vendor
Flexibility to make change in configurations:
Some of these pre-requisite and evaluation steps which customer can use before evaluating TALENT managment systems
Hope this helps