Demand Rises For Talent Management

February 25, 2008, 8:44 pm
Filed under: HR Management, Human Capital Management

Demand Rises For Talent Management

By SARAH E. NEEDLEMAN, Wall Street Journal

fortune

Two years from now, Diana Hatcher knows she will be ripe for promotion to a more senior job at United Parcel Service Inc. Based on her most recent performance review, the company’s talent-management system determined that she will qualify to advance by then if she gains experience in a different area within her department. Right now, her boss is helping her make the switch.

Hoping to reduce turnover and increase worker satisfaction, companies are upgrading the way they manage, assess and share employee performance data. They are investing in Web-based software that tracks the progress of workers from the time they apply to work at a company until they leave.

Ms. Hatcher, a public-relations supervisor, says she appreciates her company’s support in helping her climb the corporate ladder. At her previous jobs, “I never really knew what was being done with the information in my review. It never came up again,” she says. “Now it’s become something more integrated into my career development.”

Talent-management systems are designed to provide insight into an employer’s recruiting and succession-planning needs. By tracking the number of employees that come in and out of a company, the programs can identify thinning areas along the organizational chart. Furthermore, they can pinpoint internal talent that might qualify or have the potential to qualify for expected vacancies and see from employee profiles whether a person is willing to relocate or aspires to work in a different area. Read the full WSJ Article here

Ceridian can offer your organization access to the latest web-based technology for Employee & Manager Self Service, Human Capital Management, Benefits, Time & Labor management and Payroll.

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