Integrated talent management shifts the human resources philosophy and subsequent approaches from a disparate set of specialised functions to a coordinated and interdependent series of connected activities that provide additional leverage at each stage.
Talent management is one of the biggest challenges facing organisations this century. The demand for superior talent far outweighs supply, and more and more companies are feeling the impact as they compete in the global market (Frank & Taylor, 2004). Globalisation, workplace reform and changes in the demographic composition of the workforce have affected how talent needs to be managed (Nankervis, Compton & Baird, 2005). It also emphasises the importance of having a flexible talent management system. The growth potential of organisations worldwide depends on the ability of companies to have the right people, in the right place at the right time. Research demonstrates that companies with enlightened talent management policies have higher returns on sales, investments, assets and equity (Caudron, 2001).
Managing talent should be about identifying, attracting, integrating, developing, motivating and retaining key people across the whole of the business, not just the ��,��oelite few��,��"� decision-makers, as is so commonly the case. Talent management activities can include performance management, succession planning, talent reviews, development planning and support, career development, workforce planning and recruiting��,� (Heinen & O��,��"�Neill, 2004).
Whilst of each of these functions of HR has value in it own right, it is their integration that multiplies the value to the business. Integrated talent management is an end-toend holistic system that connects all components of talent management. Effectively aaligning your workforce to deliver on current and future business needs, while creating opportunities for employees to progress, learn, grow and engage and connecting your people to these opportunities, will guarantee the success of your talent management system and ultimate business sustainability.
This article looks at the components of effective talent management, and how technology can harness the levers required to deliver accurate and comprehensive data on your human capital investment.
If you are interested in receiving a full copy the PageUp People WhitePaper, Integrated Talent Management ��,��?o Optimising the Employee Life Cycle (valued at $295 ex GST), please contact the PageUp People marketing department on +61 3 8677 3777.
PageUp People is pleased to offer a complimentary 1-hour In-Talent session to you.
In-Talent Sessions are designed to be delivered internally to your HR team by the PageUp People Senior Organisational Psychologists and Senior Consultants. Our team will travel to present this session to your team, wherever you are based within Australia.
This month��,��"�s complimentary In-Talent session explores how integrating your talent management process (Recruitment, Performance Management, Training and Development and Succession and Retention) will optimise your human capital and lengthen the employee life cycle.
To schedule your complimentary seminar please call the PageUp People consulting division on +61 2 8252 8252. Organisations who schedule this seminar by 31 December 2007 will receive a complimentary whitepaper (valued at $295) on this topic.
PageUp People celebrated 10 years of innovation in the last week of November. As part of the celebrations, PageUp People held an awards ceremony to recognise clients in areas of excellence and contributions to their success.
Congratulations to the following winners of the PageUp People 10 Years of Innovation Awards: Alcan for Most Innovative Career Website, Macquarie Group for Most Optimised System, FlightCentre for Largest Talent Pool Relative to Company Size, BHP Billiton for Most Creative Sourcing Strategy and Hannah Challis, from Macquarie Group, for Raving Fan.
Winners of the PageUp People 10 Years of Innovation Awards were judged by senior management after reviewing global best practice and in some cases statistical analysis.
PageUp People��,��"�s 2008 breakfast series is looking very exciting with guest speakers presenting on best practice and trends every month throughout the year.
PageUp People��,��"�s 2008 breakfast series will be kicking off in late January with Sylvia Vorhauser, PageUp People��,��"�s General Manager, Consulting, presenting on Integrated Talent Management in Sydney and Melbourne. If you would like to register to receive breakfast invites in your state, please contact Rachel Dobney, Marketing Executive, on racheld@pageuppeople.com .
��,�� of last month��,��"�s opinion poll ��,��oDoes your organisation currently have a formalised talent management strategy��,��"� are in. 45% of respondents responded that their organisation current does have a formalised talent management strategy, 45% responded that their organisation does not and 11% were unsure.
��,��"Do you think your talent management strategy is delivering a competitive advantage?��,� Cast your vote now at www.pageuppeople.com.
If you would be interested in having your photos from around the world on the PageUp People home page, please email them to enquiries@pageuppeople.com
We��,��"�d love to hear what you think of this issue!
Please send your comments, questions, and ideas for upcoming issues to us at: enquiries@pageuppeople.com.
Your feedback matters to us!