This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

New Research Confirms Business Benefits Of Integrated Talent Management

NEW YORK, Feb. 3 /PRNewswire/ -- Amid a shaky job market and predictions of massive turnover once the economy rebounds, a new study confirms that companies with integrated talent management processes not only achieved greater year-over-year profitability, but are also better positioned to achieve long-term success than companies with disparate HR processes and employee database systems.

The study, " Integrated Talent Management: Improving Business Results through Visibility and Alignment," was conducted by the Aberdeen Group, a Harte-Hanks Company (NYSE: HHS), with support from TalentScope, Inc., the only fully-integrated provider of talent management solutions.

"This research confirms what we've advocated for quite some time: successful businesses must do more than just manage personnel. Instead they must cultivate human capital talent to support their long-term objectives," said Jim Hatch, CEO of TalentScope. "Especially in this economy, businesses must identify and work to retain top talent in order to survive. This requires an integrated approach that provides a true picture of human capital resources for more effective workforce planning."

The Aberdeen report finds that leading companies with integrated talent management processes averaged seven times greater year-over-year profit per full-time equivalent and a 19 percent year-over-year increase in employee engagement versus non-integrated businesses. Those same businesses have nearly 50 percent more positions with identified successors—a key component to managing attrition due to retirement or resignation.

"Seventy-six percent (76%) of the executives Aberdeen surveyed for this study indicated that organizational effort on talent management will increase in 2010," said Kevin Martin, vice president and principal human capital management analyst at Aberdeen and co-author of this research report.  "However, as this effort increases, so must the focus these organizations place on bridging the distinct processes and workflows of disparate business units, validating the business impact of talent management and garnering support among business line leaders. For these represent some of the primary barriers to effective talent management."  

Aberdeen's research shows a strong relationship between the standardization of talent management processes and the integration of those processes. In fact, 85% of top-performing companies (with respect to employee performance, hiring manager satisfaction and employee engagement) indicate they have at least partial integration of talent management processes and workflows, whereas 63% of bottom-performing organizations indicate no integration of talent management processes at all.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
HHS $4.69 0.00%
AAPL $121.30 0.00%
FB $94.01 0.00%
GOOG $625.61 0.00%
TSLA $266.15 0.00%

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs