The worldwide market for talent management solutions is booming. A number of factors are fueling the exponential growth: a dynamic geo-economic climate that increases focus on the workforce, a changing global labor market and the need for organizations to transform their workforce and build a culture of performance and innovation. The impact of organizational brain drain and the fear of a global talent shortage (due in part to the increasingly aging workforce) have caused companies to focus on finding, developing and retaining superior, talented employees.
These factors make talent management solutions "must-haves" for organizations committed to developing a competitive human capital advantage. Demand for talent management solutions is pervasive throughout North America, Europe and Asia, where interest is high and adoption is brisk. In April, Yankee Group announced that the worldwide talent management market is experiencing exponential growth and will reach more than $4.0 billion in revenue by 2009.
The future of the talent management market will continue to be influenced by the rapid acceptance of new service delivery models, including Web-hosted, software-as-a-service (SaaS) or "on-demand" solutions.
A new provider, Plateau OnDemand represents an evolution among on-demand talent management solutions, incorporating best-of-breed learning and performance features.
Designed to best serve the small and medium business market, I think this set of tools is terrific, are SMB's smart enough to use them though is another question. Explore a new tool to help you with your Employee Shortages.