Check out this feature in November’s Talent Management, titled “Compensation Technology: Drive Higher Performance, Gain Competitive Advantage“.

It explains how compensation management technology has become increasingly mainstream over the past few years, and how it is transitioning from Excel-based programs to best-of-breed applications from HR software vendors dedicated to employee performance and talent management solutions.

The article states that Yankee Group research analysts forecast a 19.6 percent growth in the compensation [...]

Take a look at this recent article from the Globe and Mail’s Report on Business.

The article highlights the phenomenon of management promotees failing in their new roles, and how some companies are seeing improved results by providing management training far in advance of any promotions.

This again brings up the importance of succession planning to sustain the strength and competitive advantage of organizations. Succession planning has recently become one of the biggest HR [...]

If you haven’t seen the recent surveys from Watson Wyatt and Towers Perrin, they are both well worth a read. Both surveys highlight the challenges faced by HR and provide some compelling evidence on the importance of employee engagement. Some hard numbers help to reinforce what HR already anecdotally knows – recruiting and keeping talent is a lot easier when the organization invests in their employees.

Watson Wyatt’s 2007/2008 Global Strategic Rewards Report looks [...]

The Zoological Society of San Diego provides an excellent example of the rollout and results of automating employee performance and talent management.

The Zoological Society of San Diego, which operates the 100-acre San Diego Zoo, the 1,800-acre San Diego Zoo’s Wild Animal Park and the department of Conservation and Research for Endangered Species (CRES), rolled out its new strategic plan in January 2005. Tim Mulligan, director of human resources, was responsible for the supporting process [...]

Now that we’ve established the need for automation, the next step is to bring everything together and make it happen. While performance appraisals are at the heart of performance management, organizations should focus on integrating closely related business functions including compensation management, succession planning, and goal alignment and learning management into the performance management process.

This holistic approach ensures all related information is instantly and easily accessible to those needing to [...]