Minneapolis, MN (PRWEB) April 12, 2007
Knowledge Infusion, the recognized consulting authority on technology solutions that drive Human Capital Management and Talent Management business value, and the International Association for Human Resources Information Management (IHRIM) today announced the results of the third annual 2007 Talent Management Survey. The results revealed that organizations will focus on leadership development, performance management, and talent acquisition as top priorities in 2007, with talent acquisition moving to third from the top priority in 2006. The majority of companies cite organizational expansion, followed by a lack of understanding the capabilities and skills of the workforce, and a current or immanent leadership gap as key drivers for their investments in Talent Management initiatives.
Survey respondents are from IHRIM's 3,000 members and Knowledge Infusion's comprehensive customer base, primarily in HR management, with a majority representing organizations that generate greater than one billion in revenue. As in 2006, respondents stated that they are planning to make significant investments over the next three years in Performance Management and Learning Management. Recruiting however, leaves the top three and is replaced with Succession Planning. Over 82 percent of organizations cite Succession Planning as a growing concern in their organization and have expanded the target population from not only senior management and executives but to middle management, and key talent.
"Forty two percent of respondents cite business expansion as a key driver for Talent Management initiatives. With the focus on performance, learning, and succession management increasing, organizations realize that they must fully leverage their internal resources to fill talent requirements," said Heidi Spirgi, President of Knowledge Infusion. "This can only be done successfully by making your Talent Management strategy an integral part of your business strategy and creating an over arching plan to connect all aspects of Talent Management from recruiting to performance and learning all the way to succession planning."
Other findings from the third annual Knowledge Infusion and IHRIM survey include:
- 47 percent responded that they have no governing body in place that is responsible for ensuring collaboration on HR processes and technology
- 49 percent cited little to no integration between systems and talent management processes
- 47 percent reported fair to poor organizational alignment of the workforce to business goals
- 52 percent cited very light to moderate assessment of the impact of HR initiatives on business results through standard reports and spreadsheets
- 34 percent indicated that they are currently implementing succession planning solutions
- 40 percent indicated they are not satisfied with their Talent Management solutions, up from 30 percent in 2006
"The IHRIM and Knowledge Infusion Talent Management Survey validates that organizations around the world are focusing a great deal of effort on talent management initiatives both today and over the next few years," said Lynne Mealy, CEO of IHRIM. "IHRIM is dedicated to providing our members with the best education and knowledge about the talent management market in the industry today and we look forward to taking these results and increasing our focus where appropriate through organizations like the IHRIM Talent Management Affinity Group."
To request a copy of the IHRIM/Knowledge Infusion Survey Results Whitepaper, please visit https://knowledge-infusion.form25.com/tm2007
About Knowledge Infusion
Knowledge Infusion is the recognized consulting authority on Human Capital Management and Talent Management technology. Formed in 2005 to meet a growing market need, the firm provides strategic management consulting services to help organizations drive true business value from HCM technologies via its integrated Strategy-Plan-Action methodology. Working collaboratively with clients, Knowledge Infusion assists in forming and executing decisions that allow organizations to maximize the value of current and future technology assets supporting Human Resource and Talent Management services. The Knowledge Infusion consulting team is composed of industry leaders who have joined from leading product vendor and consulting firms, respected for their trusted advisor approach to assisting clients. Additionally, Knowledge Infusion thought leadership and unique focus on HCM technology enables close coordination with industry analysts and HCM product vendors that provides further capability in supporting clients. For more information, please visit: http://www.knowledge-infusion.com
For 25 years, IHRIM, the International Association for Human Resource Information Management, has been the resource that HR technology professionals turn to for industry news, knowledge and networking. Today, IHRIM is a community of experts - a dynamic group of practitioners, vendors, consultants, students and faculty that continues to grow, not just in numbers, but in its scope of knowledge and information. For more information, please visit: http://www.ihrim.org
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