MELBOURNE, AUSTRALIA – June 30th, 2010
PageUp People, leading Talent Management solutions provider, has released results from a recent market survey on competency and job profile information, indicating that corporations, despite understanding the importance of competency data, are still yet to implement best practice measures.
The survey found that only 30% of respondents had implemented a competency framework across their entire business, with 25% of respondents noting that they are using different competencies across different talent management functions.
The survey was designed to gain a snapshot of the market at large and the use of competencies across their business.
Karen Cariss, PageUp People Global CEO, noted the business value of having a common currency in talent management and predicts this result will change.
“With more companies realising the business value of having one overarching competency framework underpin their talent management functions, I expect that this result will shift over the coming years.
Companies that do not have a common measure have no way to gain true visibility across their talent and ultimately risk getting reduced value in their investment in talent management.”
Furthermore, the survey found that 40% of respondents noted that their company’s talent management metrics and reporting were ‘average’.
The online survey, which is part of PageUp People’s commitment to continuous research of the talent management market, gathered responses from close to 150 Australian HR professionals working across all industries.
PageUp People is recognised by leading industry analysts for their strength in capability modeling and content, and has a strong track record customising and embedding capability frameworks across a variety of corporations and industries.
The capability framework, which underpins the PageUp People suite of talent management solutions, is a key differentiator in the global market.