It has been found that organizations across the globe are struggling to employ and retain talent—the search and competition for finding talent is so fierce. The need for competitive talent management strategies have been felt on high levels.
Adopting appropriate technology for the recruitment process and for maintaining a healthy workforce have become primary concerns for Companies.
In the age of information, knowledge has no doubt become the epicenter upon which world economy is revolving around. Entrepreneurs have to keep in mind the fact that knowledge is the base upon which businesses have to be built and organizations have to thrive.
Technology and Talent Management are the two components using which the new world economy has to be taken forward.
As the process of selecting, developing, managing, and retaining key employees in the current business scenario are dependent on social interactions, Social and Real Time Collaborative Technologies are considered critical components of talent management strategies in any organization.