What is Talent Management in SAP PA-TM - Talent Management?

SAP Term: Talent Management

• Component: PA-TM

• Component Name: Talent Management

• Description: A comprehensive and proactive procedure to develop qualifications and competencies required to execute business strategies successfully. The core processes of are winning and obtaining talents, training and educating talents, motivating and committing talents, and reimbursing talents based on the services provided. is based on the qualifications database used in all core processes of .

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• Key Concepts: 
  Talent Management is a component of the SAP Human Capital Management (HCM) suite. It is designed to help organizations identify, develop, and retain their most valuable employees. It provides tools for recruiting, performance management, succession planning, and compensation management. 
  
  How to use it: 
  Talent Management can be used to create job postings, track applicants, and manage the hiring process. It also provides tools for performance reviews, goal setting, and succession planning. Additionally, it can be used to manage compensation plans and employee benefits. 
  
  Tips & Tricks: 
  When using Talent Management, it is important to ensure that all data is up-to-date and accurate. This will help ensure that the system is providing accurate information for decision making. Additionally, it is important to ensure that all users are properly trained on how to use the system. 
  
  Related Information: 
  The PA-TM Talent Management component is part of the SAP HCM suite. Other components of the suite include Personnel Administration (PA), Organizational Management (OM), Time Management (TM), Payroll (PY), and Benefits (BN). Additionally, SAP offers a variety of other solutions for managing human resources such as SuccessFactors and SAP Jam.