This document discusses talent management and how HRIS systems can help with talent management processes. It defines talent management as an organization's commitment to recruit, hire, retain, and develop top employees. Talent management involves identifying job openings, hiring suitable candidates, developing employees' skills to match positions, and retaining employees to achieve long-term goals. The document outlines how HRIS systems can facilitate talent management processes like career planning, performance management, compensation administration, and training. It also discusses how HRIS helps with succession planning, skills management, performance management, compensation management, and integrating these talent management functions.
3. Talent management
• Talent management is an organization's commitment to
recruit, hire, retain, and develop the most talented and
superior employees available in the job market.
• Talent management is the systematic process of
identifying the vacant position, hiring the suitable
person, developing the skills and expertise of the person
to match the position and retaining him to achieve long-
term business objectives.
4. Talent Management in HRIS
• Talent management has prompted a new industry of
software including HRIS Systems, Performance
Appraisal Software, and Training Software.
• Talent management in HRIS modules covered:
– Career and succession planning
– Skills and competency management
– Performance management
– Compensation planning and administration
5. Objectives of Talent Management in HRIS
• More Effective Recruiting
• Better Workforce
Planning
• More Strategic Planning
& Goal Alignment
• More Effective Coaching
• Better Leadership
Development
• Better Recognition
Programs
• More Diversity and
Inclusion
• Better Engagement
• Better Retention
7. Succession Planning
• Succession planning is a process for identifying
and developing new leaders, who can replace old
leaders when they leave, retire or die.
• Succession planning is defined as a method for
identifying and developing people within an
organization that has the potential to be able to
fill leadership positions in the company.
8. Succession Planning with HRIS
• HRIS software can now help with tasks such as
succession planning, minimizing the time spent and
keeping business running more effectively and
efficiently.
• HRIS can considerably improve the ease and
effectiveness of succession planning, thereby creating a
simple and easily communicated plan that can be
altered or updated with the click of a button.
9. Skills and Competency Management
• Competency management as a business lever for hiring,
development, mobility, and promotions. It continues as
essential today in the effective management of human capital.
• Skills or Competencies are in the form of catalogue. These
catalogue can be industry specific too, because the nature of
skills requirements can differ depending on industry.
• Competencies can be viewed as a combination of skill, ability,
behavior, values, and knowledge they are ‘how’ an
organization leads its human resource towards achieving
‘goals.’
10. Performance Management
• Employee performance is necessary to have systems in place to
record specific employee goals and then measure each
employee’s performance as it pertains to achieving those goals.
• It’s very important for goals to be well defined and effective
systems to be established to achieve optimal performance.
• HRIS software can help to make performance tracking and
management much simpler.
• HRIS can also help management produce highly effective
performance reviews to further improve performance
management.
11. Compensation
• Compensation management is an important part of HR
activities.
• Compensation management is an integral process in any
business and should be seen as much more than simply
paying employees a set rate for an agreed upon workload.
• Employees depend on their income to support their
lifestyles and families. As such, compensation
management can play a big role in acquiring top talent,
keeping employees satisfied, and ultimately in keeping
employees.
12. Components of Compensation
• Base Pay
• Merit Pay
• Short Term Incentives
• Long Term Incentives
• Perquisites
• Recognition Awards
• Attraction/Retention Awards
13. Using HRIS for Compensation
Management
• Organize Variable Pay
• Use for Decision Making
• Adjust Compensation Instantly
• Improve Pay Transparency
• Use Alerts to Spot Errors and Issues