What
is Needed, Talent Management Solution (TMS) or Human Resource Management System
(HRMS)?
When we talk about solutions for the HR
department, it is common to find confusion between two alternatives: Human
Talent Management Solution (TMS) and Human Resources Management
System (HRMS), although in essence both are a solution and help management the
most valuable resource of companies, their people; its purposes are far
from being.
Below
we mention the main objectives and benefits of each of them, as well as a
comparative table with their typical functionalities:
What is a Human
Talent Management Solution (TMS)?
A Human
Talent Management Solution (TMS) is a comprehensive strategic solution made up
of 4 main pillars:
- Management
by Objectives (Balanced Scorecard) and Performance Evaluation.
- Recruitment
and selection.
- Development,
Learning and Succession.
- Compensation
and variable pay.
Some
of the pioneering manufacturers in this area have been adding some other
pillars such as Social Collaboration and Employee Central to improve
communication, collaboration and offer self-services to employees.
Goals of a Human Talent Management Solution (TMS)
The
main objective of a human talent solution is to align and optimize human
capital with the goals and needs of the business, with the purpose of achieving
superior performance and a commitment by employees to generate business
results. In short, it is a strategic solution that helps to achieve the
short, medium and long term objectives of the business through its Human
Talent.
Benefits of a Human Talent Management Solution (TMS)
The
main benefits of a Human Talent Solution are:
- Specify
the objectives of
your organization.
- Improve
the Strategic
Alignment of employees with the company using
management methodologies by objectives.
- Increase
the Productivity
of Employees, focusing them on priority objectives and
activities, and helping them develop the skills and abilities necessary
for their positions.
- Increase
the Commitment of
employees with the company.
- Improve Communication through
formal performance evaluation feedback processes, and informal social
collaboration processes.
- Improve Employee Development by implementing
career, development and succession plans.
- Improve
and automate the Learning
of your Employees and your Company with a robust and
complete e-learning platform (LMS).
- Reduce Staff Turnover.
- Improve
the Selection
and Recruitment of your staff.
- Correctly compensate your staff based on merit, completely eliminating subjectivity.
What
is a Human
Resource Management System (HRMS)?
A Human Resources Administration system is a system focused primarily on transaction processing and basic HR administrative processes such as personnel administration, payroll, and control of employee time and attendance.
Objectives of a Human Resources Management
System (HRMS)
Its main objective is to facilitate and support the control of administrative processes in the HR area. This application integrates all the activities of the department and with this type of technology; companies will be able to create a database that contains all the administrative information of the employees.
Benefits of a Human Resources Management
System (HRMS)
The main
benefits of a Human
Resources Management Solution (HRMS) are:
- Reduce
the workload and paperwork typical of the Human Resources area
- Increase
business effectiveness
- Easy
access to staff information
- Establish
a standardization of the HR area
- A
centralized personnel information system
- Integration
of payroll to the accounting system
These are just some of the differences
between the Talent solution and the Human Resources Management Solution.
As you can see, both solutions have their importance and each one impacts the
organization and the different departments differently. The task will be
to be able to define your main needs so that you can identify which is the solution
that adapts to the current requirements of the company so that in this way you
can make the best decision.
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