Sage HRMSTalent Management
Talent management helps HR managers and executives engage and retain employees. It refers to the process of developing and integrating existing and new employees.
What can Sage HRMS talent management do for you?
Employee turnover is a very high and often an underestimated cost for employers. This cost does not simply represent wages and materials, but also includes recruitment costs, loss of productivity, impacts on team morale, new training costs, and other more subtle expenses. Managing your talent well can mean you don’t have to struggle with these challenges.
Key benefits of Sage HRMS Talent Management
Help employees understand and align with organizational strategy, structure, and goals
Keep track of training-based requirements and skills for employees
Match up people and positions, and manage successions
Fill open positions efficiently
Improve employee engagement
Employee turnover is a very high and often an underestimated cost for employers. This cost does not simply represent wages and materials, but also includes recruitment costs, loss of productivity, impacts on team morale, new training costs, and other more subtle expenses. Managing talent well can mean not having to struggle with these challenges.
1. Alignment with business goals
A company needs to make sure its business is aligned around its strategy. In a recent study, Timothy Devinney, a professor of strategy at the University of Technology in Sydney, Australia, reported that only 29.3% of people can correctly pick the strategy statement of their own organization.
Given that 15.7% of people can randomly guess the correct strategy statement for any given organization, the number of people who actually know their organization’s strategy is certainly much lower than 29.3%. Skilled workers only become top performers when their goals are aligned with business objectives and their energy is directed at the right targets.
2. Employee performance
A business that uses performance appraisal and management software shows a reduction of low performers, while the percentage of high performers in the company increases. A talent management solution may also include functionality to plan and track employee training and development. Acquiring new skills can improve employee performance and boost employee engagement.
