Research reveals company best practices and the key system attributes that enable true integrated talent management
Santa Monica, CA – June 5, 2007 – Cornerstone OnDemand, Inc., the only proven provider of integrated, on-demand talent management solutions and services, today announced new research available from Bersin & Associates titled “Talent Management: What Can We Learn From Experienced Companies?” The report identifies several key parameters and best practices that HR practitioners can use in defining and deploying their own talent management initiatives. Principal analyst Leighanne Levensaler will present the findings of this research report in a Human Capital Institute webcast on June 6th at 2:00 p.m. ET. For more information and to register for this webcast, please Click here.
According to Bersin & Associates’ findings, experienced companies cite technology as both a driver and an enabler of talent management. A truly integrated talent management suite enables easier and more strategic HR communications across the organization by supporting previously disparate HR processes and functions, such as training, performance management and succession planning. The research report also references real-life company scenarios and business goals that require learning, performance and succession planning processes, for example, to be based on fully integrated systems.
“Faced with talent shortages and growing competition for quality talent, experienced companies are focusing on developing and implementing integrated talent management strategies that support key business goals,” notes Levensaler. “Other companies can learn from the experiences of these innovative organizations, yet we’re really at the tip of the iceberg in terms of the potential, lasting benefits of talent management. What is obvious now is that HR managers are increasingly interested in an integrated talent management approach.”
According to Bersin & Associates, the talent management market is still being defined with at least 25 vendors claiming to offer a full or partial talent management suite. Since the definition of an integrated suite varies widely from vendor to vendor, the Bersin & Associates report identifies eight key system attributes essential to enabling integrated talent management. The report recommends that organizations look for the following when considering purchases:
- Consolidated Data Model
- Consistent Security Model
- Employee Profile
- Shared Competencies
- Unified User Interface
- Configurable Process Management
- Shared Workflow
“Bersin & Associates’ research has long pointed to the need for integrated talent management as a pivotal means to solving the workforce challenges faced by today’s organizations. As this new report indicates, more companies are recognizing the benefits of a truly integrated solution,” said Adam Miller, president and CEO, Cornerstone OnDemand, Inc. “Cornerstone is pleased to support this research and promote better understanding of the benefits of an integrated talent management suite.”
The growing prevalence and acceptance of the software-as-a-service (SaaS) model is a key factor in the adoption of talent management technology. Bersin notes that SaaS can accelerate the time to deployment, reduce IT infrastructure costs and management, and help companies avoid the time and costs of upgrading to take advantage of new functionality.
To obtain a copy of the research report, contact Cornerstone OnDemand at firstname.lastname@example.org. To register for the June 6th Human Capital Institute webcast featuring Leighanne Levensaler, Click here. A copy of the research report will be available to all webcast participants at no charge.