The fact that lack of funding or a business case is the biggest barrier to talent management shows evidence that HR does not yet know how to articulate the business value of technology investments
Minneapolis, MN (PRWEB) October 11, 2007
Knowledge Infusion, the recognized consulting authority on human resource and talent management technology solutions that drive human capital management business value, today announced results from the joint Talent Management Suite Adoption Survey done by the Knowledge Infusion Center of Excellence and Human Resource Executive® Magazine. Results show that over half of the respondents do not have a clearly articulated strategy for talent management. Nonetheless, traditional HR buyers are beginning to recognize the value of a talent management suite and aligning the organization to support an integrated talent management strategy. Almost one third of companies polled are buying more than one talent management application from a single vendor.
The survey includes over 300 respondents from Human Resource Executive's extensive membership base and Knowledge Infusion's comprehensive customer base, primarily in HR management. Employee engagement and retention emerged as the top business driver for implementing a talent management suite while lack of funding or business case justification is cited as the biggest barrier to talent management suite adoption.
"The fact that lack of funding or a business case is the biggest barrier to talent management shows evidence that HR does not yet know how to articulate the business value of technology investments," said Jason Corsello, Vice President of the Knowledge Infusion Center of Excellence. "They understand the end goal -- employee engagement and retention -- but most companies are still have a dire need to create an overarching strategy that ties together their talent management initiatives with business goals and objectives to gain executive buy-in."
Other findings from survey include:
- 40 percent consider usability/ease of use the most important factor when selecting a talent management suite.
- 34 percent of companies prefer Software-as-a-Services (SaaS) as the delivery model of choice.
- 40 percent cite lack of integration between modules as the biggest concern.
- 40 percent cite performance, development and succession planning as the most important areas of integrated talent management.
The survey results can be found in the October 2, 2007 issue of Human Resource Executive magazine and the full report is available to premium members of the Knowledge Infusion Center of Excellence at http://www.knowledgeinfusion.com/coe.
About Knowledge Infusion
Knowledge Infusion is the recognized consulting authority on human resources and talent management technology solutions that drive human capital management business value. Formed in 2004, the firm provides strategic management consulting services together with thought leadership, trends, market intelligence, and analysis from the newly formed Center of Excellence. Complementing each other, the on-site consulting and Center of Excellence offer an unparalleled source of services and information for the HCM Community with a common goal in mind -- maximizing the strategic direction HR has on an organization. Knowledge Infusion is the recipient of the 2007 IHRIM Partner Award, given for significant on-going contributions of time and effort in leading activities that add direct and immediate value to IHRIM and the field of HR information management. To learn more visit: http://www.knowledgeinfusion.com.
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