Despite the sluggish economy, the talent management software market has enjoyed an active summer and fall.

Leading vendors Taleo and SuccessFactors sought to broaden their horizons, while other software providers introduced new features as companies continued to purchase the products.

While growth rates are less than what was projected a year ago, the talent management market as a whole is growing by about 15 percent and should reach $2.5 billion this year, says Josh Bersin, head of research firm Bersin & Associates.

Far from shriveling amid the recession, the talent management software field is expanding as business-services giants IBM, Accenture, Mercer and Hewitt build strategies to deliver a combination of talent management software, consulting and outsourcing, Bersin says.

Talent management software refers to applications that help organizations with key HR tasks such as recruiting, employee performance management and compensation.

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Tags: talent management, software, recession, economic downturn

Categories: News | The Economy

CHICAGO (PRNewswire) -- Bersin & Associates, the only research and advisory firm focused solely on enterprise learning, talent management, and talent acquisition, today announced the release of its latest study, Talent Management Systems 2010: Market Realities, Implementation Experiences, and Solution Provider Profiles. The study is the most comprehensive market review and buyers' guide for talent management software systems.

Despite the recession, Bersin & Associates' research finds that the talent management systems market has thrived over the last year as vendors have seen significant growth in adoption. Based on market data and information provided by vendors, Bersin & Associates projects that the market will expand by 15 percent over the coming year.

Read the full release here.

Tags: talent management, technology, software, trends

Categories: News