Improving Business Performance through Better People

Decisions, Management and Engagement:  A Discussion


Optimizing your Talent Management Processes and Systems

Many organizations have failed to see the full promise of talent management systems and the two most common reasons are partial implementations and failing to integrate predictive behavioral information on each employee with their talent management processes and systems.  

 

Talent Management systems have 4 principle functions including recruiting(which supports recruiting, hiring, selection and onboarding typically), performance management, learning management and compensation and benefits management.   By integrating behavioral information including motivations, attitudes, natural tendencies, , task and work environment preferences and other pertinent data, you not only "inform" processes and decisions throughout the talent management cycle you enable optimization.  That is, you provide the key data (that is not present in these systems) to make the optimal selection decisions, to optimally manage each employee,  to select the best development path and provide information to the employee that will optimize their development experience and you can better make compensation decisions based on a knowledge of what really matters to them.

 

When adopting an organization wide assessment system, 5 key critical success factors include

  1. Ensuring the system provides validated job specific information.
  2. That the system is EEOC compliant and that the system does not cause any adverse impact.
  3. Ensuring your system collects the full range of data so it can be predictive
  4. User experience- ensuring the experience of collecting the data is favorable for the employee or candidate which includes not taking longer than 30 minutes to complete.
  5. Ensuring that the data can be used throughout the talent management cycle not just for selection but for culture fit, development , talent planning, coaching, performance management…
The Ultimate Management Tool, What is it?What if you could design the ultimate management tool - Would it help select / hire the best?What if you could design the Ultimate Management Tool? Would it help Engage and Motivate your People?The Ultimate Management Tool? Would it help you retain them?The Ultimate Management Tool? Would it help you Develop them optimally?What would your Ultimate Management Tool consist of?What would your Ultimate Management Tool consist of?If you accurately understand then you can...Execute Optimally with accurate understanding / Execute poorly with misunderstandingHATS: Perhaps, the Ultimate Management Tool

"The U.S. Department of Labor has estimated the costs to replace an employee to be approximately 1/3 their annual salary; but when you start looking at the impact of hiring the wrong employee and having to replace them, some studies say 2.5 times annual earnings, some 4 times and some even higher." AGILEdge