TALENT INTELLIGENCE TO BECOME KEY DRIVER IN ORGANIZATION’S SUCCESS, REPORTS HCI AND TALEO
BROOKLYN, NY – March 15th, 2012 – The Human Capital Institute, in partnership with Taleo Corporation, will announce today the results of a new study regarding the importance of talent intelligence in today’s workplace. Over 600 survey responses revealed two classes of organizations: those that agree they are proficient at analyzing workforce data, and satisfying their leaders with these metrics; and those who do not believe their organizations are sufficiently capable of aggregating their workforce data, and therefore unable to deliver satisfactory data to their leaders.
Talent intelligence, defined here as the capture, aggregation, analysis, and timely reporting of talent-based data to drive strategic decisions and impact practices, is already implemented in some rudimentary form by many organizations worldwide. HCI and Taleo’s research reveals key findings among data-proficient and data-deficient organizations, namely:
- “Proficient” organizations were more likely to satisfy their talent leaders with workforce data, draw connections between retention and recruiting, determine the impact of HR on business strategy, and even financially outperform other publicly-traded companies.
- The most important types of talent metrics were concerned with defining an organization’s talent needs, evaluating how talent is selected, and evaluating talented performers.
- Although data-proficient and data-deficient organizations often look at the same metrics, data-proficient organizations place a markedly higher emphasis on those that enable measuring and tracking internal talent demand, quality of hire, engagement, and fit within the organization.
- A large number of respondents noted that they still lack access to reliable data in key areas including: competency/skills gap analysis, cost of turnover, employee engagement, quality of hire, employee productivity, and succession planning.
The research also takes into account the ways talent intelligence can be connected to organizational financial performance, the top and bottom nine metrics desired by organizations, and common barriers preventing data-deficient organizations from accessing and sharing talent insights.
The findings will be broadcast today at noon EDT, by HCI and David Wilkins, Vice President of Research at Taleo. To learn more, please visit http://www.hci.org/lib/business-impact-talent-intelligence. All webcast registrants will receive a copy of the research report, which is available for download on the HCI research page at http://www.hci.org/research
About do not use - Human Capital Institute (HCI)
HCI is the global association for strategic talent management and new economy leadership, and a clearinghouse for best practices and new ideas. Our network of expert practitioners, Fortune 1000 and Global 2000 corporations, government agencies, global consultants and business schools contribute a stream of constantly evolving information, the best of which is organized, analyzed and shared with members through HCI communities, research, education and events. For more information, please visit www.hci.org.
Recently named one of the Bay Area's "Healthiest Employers" by the San Francisco Business Times, Taleo (NASDAQ: TLEO) helps organizations improve the performance of their business by unlocking the power of their people. Taleo is the only company to provide industry-leading solutions in every category of Talent Management. Through its cloud-based platform, Taleo optimizes recruiting, performance management, learning and compensation -- and integrates them all so managers have the insights they need to achieve Talent Intelligence. Customers also plug into Taleo's unique Talent Grid community to harness the power of proven best practices, millions of users, and Taleo-ready partner solutions. From small and medium sized businesses to large enterprises, more than 5,000 organizations rely on Taleo every day to pursue growth, innovation and customer success. For more information, please visit www.taleo.com