What’s in Your Talent Management Suite?

How many times have you bought a product, only to take it home and find that what you got looks nothing like what appears on the box? Or that it doesn’t work as intended? Maybe it’s even missing pieces or batteries. All too often, we pay for things that aren’t what we expected. And for many organizations, the same holds true for their talent management suite technology.

A recent poll of HR professionals by Technomedia revealed that while most desire talent management suites with a wide array of options and functionality, many are using a suite that doesn’t meet their expectations. HR professionals want – and increasingly need – enterprise level talent management technology that provides the tools to manage the entire employee lifecycle, including talent acquisition, onboarding, compensation, performance management, succession planning and learning. Not to mention all the data points and metrics that connect them together for better talent insight. Yet, there’s a huge variance between the ideal solutions and what they are currently using or implementing.

Our survey also found that in some key areas, less than half of the respondents who stated that they desire a given functionality in a talent management suite actually have it. This was most often the case for the onboarding, performance management and learning functions. When it comes to onboarding, 77 percent of those surveyed said that they desired a talent management suite that had this functionality. However, when asked if their current suite had this capability, only 27 percent said yes.

There is a huge gap in the other areas as well. With regard to performance management, a whopping 85 percent said that it should be part of a talent management system, and yet only 40 percent said that they actually had it. The same went for learning. While 66 percent of respondents thought learning should be included in a talent management suite, only 24 percent said that their current talent management system offered it. In nearly every category, respondents indicated that they simply don’t have the features they think should be part of a talent management suite.

So why are HR professionals settling? As many organizations struggle to engage and retain their talent, the right technology solution can help optimize processes at each stage of the talent lifecycle, and ultimately improve employee satisfaction and retention – the two key areas plaguing many employers and one that is top of mind with their CEOs. For the greatest results, it’s important for everyone to have a clear understanding of what they need now and in the future, along with all the functionality that can be leveraged to keep your top performers moving up in your organization and not moving out. A unified suite that incorporates learning, performance management and onboarding plays an important role in achieving this goal.

For more information on the importance of leadership development, listen to our webcast featuring Ron Hanscome, HCM Analyst for Gartner, and Dwaine Maltais, EVP of Technomedia. Click here to download.

Recent Posts