I read a recent report from Nucleus Research on how talent management vendors are moving towards providing comprehensive talent management services aka Human Capital Management (HCM). There is a valid argument that Talent Management is not HCM but I am going with what makes sense now in the context of what is being currently understood and hence treating the two terminologies as one and the same.
According to this report (you can download the report here), end to end coverage of talent management function involves Recruitment, Learning & Development, Administration, Retention and exit. The report presents a HCM Value Matrix that positions all vendors in four quadrants – Leaders, Experts, Facilitators and Core Providers.
The report once again highlights the recent trends in the marketplace. Vendors are embracing cloud based services, investing in providing mobile applications and touch points for their products, social collaboration is a key feature set and as validated by the acquisition spree of some of the large vendors in the market, there is a move to provide end-to-end solutions.
Notice the difference between the Value Matrix and the Garner Magic Quadrant on Talent Management (see below).