The Need for Online Employee Performance and Talent ManagementNovember 6th, 2007 |
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The October Issue of World at Work’s Workspan Magazine includes an article from Halogen CEO Paul Loucks on the need to automate employee performance appraisals and talent management. As biased as I am, I think it does a good job of summing up the core arguments for automation.
Borrowing from Paul’s article, today, I’ll look at why automation is important and follow that up early next week with a look at taking a holistic approach to automation and a case study from the San Diego Zoo discussing how they made it all happen.
It’s no secret that employee performance and talent management have traditionally been viewed as tactical HR functions. But the rules of the game are changing with the current labor market and executives are becoming more interested in their human capital. In recent years, leading organizations have started to adopt new technology and strategies in order to streamline and improve the quality of processes — enter web-based automation.
The automation of employee performance and talent management systems help identify and develop key personnel, as well it enables organizations to align employee goals with those of employees. In a highly competitive marketplace, instantly understanding the core and leadership competencies, strengths and weaknesses of your workforce is a powerful performance management tool. Companies are increasingly squeezed when it comes to finding the skilled workers they need to get the job done and reach their objectives. A recent U.S. Commerce Department study indicates that 60 percent of new jobs in the 21st century will require skills held by just 22 percent of U.S. workers. In such a tight labor market, companies need to not only attract workers, but create an opportunity for them to grow within the company to retain them over the long term.
In addition, industry experts are predicting that automated talent management and employee performance measures will become a standard part of Wall Street critiques and corporate annual reports within the next five years.
The end result — automation is critical from an HR and business perspective. Early next week I’ll look at some best practices for automation.
Tags: employee performance appraisal, employee performance management, HR, talent managementRelated posts
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