Talent management is an ever-evolving challenge for HR professionals. Acquiring the best talent from the largest candidate pool in history is a difficult task, and competition is fierce, while the traditional performance review cycle is no longer adequate for evaluating the roles and needs of employees. Managers must ensure that not only are they able to find the right individual for the job, but that they are also proactively retaining, engaging, and preparing top performers for leadership roles.
Meanwhile, talent demographics are changing dramatically. In 2015, members of Gen Y, or “millennials”, will outnumber baby boomers in the workplace for the first time. Generation Y employees thrive under adaptive talent management that utilizes social collaboration and recent technological advances, something that talent tactics of the past may not be adapted to.
Talent management is thus more complicated than ever, and it’s no wonder HR professionals need help to find the right people with the right skills at the right time and keep them engaged. Talent management systems can help HR professionals create and sustain a competitive advantage. This white paper looks at some factors for talent management success in today’s challenging talent landscape, including how talent solutions can leverage business intelligence and analytics to create and sustain a competitive advantage.