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Mountain View, CA, United States, 2006/06/27 - The senior management has not historically considered these programs worth their attention. So why has talent management suddenly recaptured the imagination and attention of the CXO?. NASDAQ: SUMT
What the right person in the right role at the right time can do for you.
- By Kevin Oakes, Board Member, SumTotal Systems
In corner offices and boardrooms across the globe, a new weapon is reemerging in the executive arsenal with powerful implications for driving and even predicting business success: Talent Management.
Variously called human capital management, employee relationship management and workforce management, talent management is not a new concept, but one that in the past corporations haven’t been prepared to embrace. In most companies functions such as recruitment and succession planning, learning and development, performance management, workforce planning, compensation and other HR or training functions have often been sequestered in departmental silos. While important individually, these programs are usually a loose conglomeration of HR initiatives with little connection to each other, little alignment with the organization’s vital few business goals and little real way of measuring their bottom-line impact.
It isn’t surprising, then, that senior management has not historically considered these programs worth their attention. So why has talent management suddenly recaptured the imagination and attention of the CXO?
Much of the reason may be due to the fact that technology has finally begun to catch up. SumTotal Systems has developed a talent management solution based on our Enterprise Suite learning platform, providing a unique, underlying competency framework shared by all of the suite’s integrated applications, including learning, content, knowledge and performance management. SumTotal's customers are using this solution to deepen their talent pool inside and external to the company, ensure a succession plan, focus on competency gaps and more. These companies are showing real business impact in terms of money saved and revenue generated. Read more about what’s making them effective.
The white paper can be downloaded for free at SumTotal System's website.