SumTotal Enhances Talent Development Suite
SumTotal Systems, a global provider of talent development solutions, announced the 8.2 version of its Talent Development Suite, empowering organizations to align, engage, develop and retain employees.
The latest release includes a new compensation management module, tighter integration of the performance management and learning management systems (LMS) for unified talent development, new reporting architecture, and continuing education credits to align talent development with strategic initiatives such as compliance.
"With the addition of compensation management and combining otherwise isolated Learning and Performance tasks, SumTotal is offering its customers the strongest, most comprehensive talent development solution on the market today," said Arun Chandra, CEO, SumTotal Systems. "In a time when organizations have to do more with fewer resources, our best-of-breed functionality and unified approach offers an efficient solution for improving overall organizational productivity," he added.
Unlike siloed Learning and Performance solutions on the market, SumTotal allows actionable career development based on performance ratings with the ability to launch Learning courses from the Performance Management module based on identified skill gaps. Additional new features and cross-platform workflows include improved, unified reporting capabilities, enhanced 360-feedback functionality and continuing education credits to help meet the compliance needs of industries such as healthcare, pharmaceuticals and other regulated industries.
The new compensation module enables managers and the HR team to import up-to-the-minute performance ratings into a user-friendly worksheet that helps businesses allocate pay increases based on merit, provide incremental bonuses, manage raises during promotions and make other adjustments, all while adhering to budget guidelines. By integrating compensation with performance management processes, organizations ensure that employee increases are fair, equitable and merit-based.
"In today’s environment of downsizing, restructuring and business transformation, career development solutions are critically important to successfully manage and execute talent transitions," said Josh Bersin, president of Bersin & Associates, a research and advisory firm focusing on enterprise learning and talent management. "Integrated learning and performance management should be considered a must-have within the tapestry of corporate HR systems."
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