"Talent management is the science of using strategic human resource planning to improve business value and to make it possible for companies and organizations to reach their goals." It is just like the joint piece of puzzle that will altogether with the rest of other HR functions contribute to the total success of the company. Moreover, it should be even the most important part: the one that brings innovation,development, new ideas - the one which instills "fresh blood" in our (a little bit tired) company body and keeps us moving forward.
It becomes especially important in the times of crisis. Namely, in adverse economic conditions, many companies feel the need to cut expenses. This should be the ideal environment to execute a talent management system as a means of optimizing the performance of each employee and the organization. Unexpectedly, but did you know in fact that within many companies the concept of human capital management has just begun to develop? Namely, only 5 percent of organizations say they have a clear talent management strategy and operational programs in place today.
So, take advantage and use the selection tools in order to increase your ROI. Make a long-term plan of HR development and choose the best HR software that could support all your operations. It should be quick and it should be punctual - you know what key skills you need from your current and future employees in order to progress and all you need is just a solid algorithm that will find a best person for the best position.
We try to inspire people. If you really think it's important to keep pace with future technology needs, take a look at this video:
In the meantime, take care of your employees and they will take care of you :)