Last week, I talked about the benefits of automating employee reviews and how they can help streamline your business and improve the productivity of HR departments.
Still need some convincing? Take a look at the 2010 HR Service Delivery Report based on a recent survey by Towers Watson. Results reveal that HR professionals consider talent/performance management systems the most important issue for HR departments this year. In fact, 42 percent of those surveyed listed talent management as the most critical aspect of HR.
There seems to be an increasing need for HR technology in 2010. Regardless of the recent recession, numbers show that HR departments are eager to spend money on performance management systems as they emerge from the trenches. Why? Because getting a handle on your talent is one of the best things you can do for your company in the long-run.
According to Tom Keebler, Global Practice Leader with Towers Watson, “Talent management technologies have unquestionably become one of the best ways for companies and HR departments to drive better employee performance and enterprise success following the recession.”
Despite initial costs, implementing an automated performance management solution just might be what your company needs to build and maintain a stable workforce. Once in place, an effective talent management solution will give HR managers greater visibility of employee trends and as a result, provide long-term benefits not only for HR, but for the organization as a whole. In other words: you’ll reap what you sow.
Is your company prepared for another economic downturn? Does your HR department have the solution it needs to steer you through tough times?
Don’t wait until it’s too late. Invest in a talent management solution today.
Written by Tania Richman